An Update Brief on FRS 2011
Including latest update to the ongoing project by IASB

Date: 3 May '11
Time: 9:00am - 5:00pm
CPE/CPD: 7 hrs
Reg Deadline: 18 Apr '11

About the seminar
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The main purpose of this seminar is to give you the most up to date briefing on important changes FRSs and to examine the impact these changes on results, financial position and cash flows of companies. The seminar includes a brief on IASB's latest development and ongoing projects to improve and revised new standards.

Outline
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A briefing on new FRSs and Exposure Drafts

• Improvement to FRSs (2010)
• FRS 124 Related Party Disclosures (1.1 2011)
• Additional exemptions for First-time Adopters (1.1.2010)
• Limited exemptions from Comparative FRS 107, amendment to FRS101 (1.7.2010)
• Amendments to FRS 102 Amendments from INT FRS 111 Group Cash-settled Share-based Payment Transactions (1.1.2010)
• Exposure Drafts
  
  ED/2010/05 Presentation of Items of Other Comprehensive Income (Amendments to IAS1)
  ED/2010/06 Revenue from Contracts with Customers
  ED/2010/07 Measuremetn Uncertainty Analysis, Disclosure for Fair Value Measurement
  ED/2010/09 Leasing
  ED/2010/10 Removal of fixed Dates for First-time Adopters (Amendments to IFRS1)
  ED/2010/11 Deferred Tax: Recovery of Underlying Assets
  

A brief on selected INT FRS

• INT FRS 112 Service Concession Arrangements
• INT FRS 113 Customer Loyalty Programmes
• INT FRS 115 Agreement for the Construction of Real Estate (1 Jan 2011)
  (Including accompanying notes)
• INT FRS 116 Hedges of a Net Investment in a Foreign Operation
• INT FRS 117 Distributions of non-Cash Assets to Owners (1.7.2009)
• INT FRS 118 Transfer of Assets from Customers (1.7.2009)
• INT FRS 119 Extinguishing Financial Liabilities with Equity Instruments (1 July 2010)
  

A brief on FRS for Small Entities (1.1.2011)

• Highlighting the salient features and major differences from FRSs

Ongoing developments of new standards by IASB

• Latest developments in Financial Instruments accounting:
  
  IFRS 9 (Issued in October 2010)
  ED/2009/12 Amortised costs and Impairment
  ED/2010/13 Hedge Accounting
  ED/2010/04 Fair vale Options for financial Liabilities
  ED/2011/01 Offsetting Financial Assets and Financial Liabilities
  
• Consolidation
  • Replacement of IAS 27
  • Disclosures unconsolidated entities
  • Investment companies
  
  
• Fair value measurement

Who should attend
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• Main target audience - Practicing Accountants:

• Company accountants
  
• Internal/external auditors
  
• Preparer of financial statements
  
• Finance director
• Lecturers

• Others (Prerequisite - sound accounting knowledge) :

• Finance director
• Lecturers

If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 67490193.