Course Detail(A217 : FRS 109 Financial Instruments – Practical Insights and Implementation Challenges)

A217 : FRS 109 Financial Instruments – Practical Insights and Implementation Challenges NEW

3.50 CPE Hours (Category 1)
Classroom

Programme Objective
The final version of IFRS 9 Financial Instruments, as issued by the International Accounting Standards Board in July 2014, was adopted by the Accounting Standards Council in Singapore as FRS 109 Financial Instruments in December 2014 and is effective for financial periods beginning on or after 1 January 2018.

FRS 109 is the replacement for FRS 39 Financial Instruments: Recognition and Measurement and brings about substantial changes to the classification and measurement of financial instruments, a new expected-loss impairment model and revised rules on hedge accounting, which are likely to have wide-ranging implications for many entities.

This seminar will provide an understanding of the key requirements of FRS 109, highlight the differences compared to FRS 39 and provide insights about practical issues and typical implementation challenges.

Programme Outline

The half day seminar will cover a recap of the basic requirements, key issues and practical examples for each of the three phases of FRS 109, as follows:
 

  1. Phase 1: Classification and Measurement
  2. Phase 2: Impairment
  3. Phase 3: Hedge Accounting
Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An intermediate level programme intended for both Practising and Non-Practising Accountants as well as Auditors. Those who are interested in learning more about FRS 109 are welcome to attend.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

29 Dec 2016 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Jacqueline Hong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Jacqueline Hong
Audit Partner, BDO LLP

Practice Responsibilities and Experience
 
Jacqueline has accumulated more than 14 years of experience in providing auditing and advisory services to clients in Singapore and overseas. Her clients comprise multinational banks, private banks, fund management companies, funds, listed and multi-national companies.
 
Jacqueline started her professional career with Deloitte & Touche LLP before joining BDO LLP in 2014 to lead the financial services practice in Singapore.
 
She has provided advisory services to financial institutions, which include IFRS implementations, performing outsourced internal audit, review of financial and regulatory reporting framework, compliance with regulatory requirements as well as review of remediation actions taken to address inspection findings.
 
She has also assisted financial institutions on their licence applications, performed improvement reviews on the financial reporting processes and internal control enhancement projects.
 
She has conducted seminars for clients on accounting (e.g. IFRS 9) and regulatory related matters.
 
Professional Qualifications and Affiliations
  • Practising member, Institute of Singapore Chartered Accountants
  • Bachelor of Accountancy, Nanyang Technological University

Programme Objective
The final version of IFRS 9 Financial Instruments, as issued by the International Accounting Standards Board in July 2014, was adopted by the Accounting Standards Council in Singapore as FRS 109 Financial Instruments in December 2014 and is effective for financial periods beginning on or after 1 January 2018.

FRS 109 is the replacement for FRS 39 Financial Instruments: Recognition and Measurement and brings about substantial changes to the classification and measurement of financial instruments, a new expected-loss impairment model and revised rules on hedge accounting, which are likely to have wide-ranging implications for many entities.

This seminar will provide an understanding of the key requirements of FRS 109, highlight the differences compared to FRS 39 and provide insights about practical issues and typical implementation challenges.

Programme Outline

The half day seminar will cover a recap of the basic requirements, key issues and practical examples for each of the three phases of FRS 109, as follows:
 

  1. Phase 1: Classification and Measurement
  2. Phase 2: Impairment
  3. Phase 3: Hedge Accounting
Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An intermediate level programme intended for both Practising and Non-Practising Accountants as well as Auditors. Those who are interested in learning more about FRS 109 are welcome to attend.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Jacqueline Hong
Audit Partner, BDO LLP

Practice Responsibilities and Experience
 
Jacqueline has accumulated more than 14 years of experience in providing auditing and advisory services to clients in Singapore and overseas. Her clients comprise multinational banks, private banks, fund management companies, funds, listed and multi-national companies.
 
Jacqueline started her professional career with Deloitte & Touche LLP before joining BDO LLP in 2014 to lead the financial services practice in Singapore.
 
She has provided advisory services to financial institutions, which include IFRS implementations, performing outsourced internal audit, review of financial and regulatory reporting framework, compliance with regulatory requirements as well as review of remediation actions taken to address inspection findings.
 
She has also assisted financial institutions on their licence applications, performed improvement reviews on the financial reporting processes and internal control enhancement projects.
 
She has conducted seminars for clients on accounting (e.g. IFRS 9) and regulatory related matters.
 
Professional Qualifications and Affiliations
  • Practising member, Institute of Singapore Chartered Accountants
  • Bachelor of Accountancy, Nanyang Technological University

Upcoming Schedule

Registration is closed

Date & Time

29 Dec 2016 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Jacqueline Hong

Venue

60 Cecil Street
ISCA House
Singapore 049709