FRS Update

Course Information

1 Day Course

Time: 9am – 5pm


Course Introduction

Financial Reporting Standards (FRS) refers to the Standards and Interpretations of Financial Reporting Standards issued by the Accounting Standards Council Singapore (ASC). The fundamentals in FRS introduce participants to common FRS required to handle various business scenarios, accounting treatment and disclosure in financial reporting. The FRS which is based on the International Financial Reporting Standards (IFRS) defines common accounting standards and how financial reports are to be presented.

Learning Outcome

By the end of this workshop, participants will be able to:

  • Identify the various FRS and common applications
  • Understand recent FRS updates
  • Know what auditors potentially look for in financial reporting
  • Present financial reports confidently

Who Should Attend

Directors, Finance Managers, Financial Controllers, Accountants, Auditors, Account & Finance Executives who are handling GST on behalf of their companies.

Course Outlines

Topic 1: Presentation of Financial Statements
Topic 2: Inventories
Topic 3: Statement of Cash Flows
Topic 4: Accounting Policies, Changes in Accounting Estimates and Errors
Topic 5: Events After the Reporting Period
Topic 6: Income Taxes
Topic 7: Property, Plant and Equipment
Topic 8: Leases
Topic 9: Employee Benefits
Topic 10: Accounting for Government Grants and Disclosure of Government Assistance
Topic 11: The Effects of Changes in Foreign Exchange Rates
Topic 12: Borrowing Costs
Topic 13: Related Party Disclosures
Topic 14: Accounting and Reporting by Retirement Benefit Plans
Topic 15: Separate Financial Statements
Topic 16: Investments in Associates and Joint Ventures
Topic 17: Financial Reporting in Hyperinflationary Economies
Topic 18: Financial Instruments: Presentation
Topic 19: Earnings per Share
Topic 20: Interim Financial Reporting

Trainer's Profile

Ms. Eva Eu

Eva has more than 20 years in Finance, Accounting, and operations, in addition to 10 years of experience in Management, strategic planning and analysis. She has experience in handling full set of accounts, consolidation, management reporting, financial, and planning as well as analysis and presentation to Board of Directors. Equip with accounting knowledge in Singapore and Malaysia FRS, China GAAP and Hong Kong FRS, Thailand and Vietnam accounting standards. Good communication skills in liaising with auditors, tax agent, bankers and internal and external stakeholder.

Eva’s other skills include office administrative, submission of government grants, ISO document control, supply chain, vetting contracts, human resources management and Sales management (Distributor and Franchisee). She has provided training for a wide variety of industries – Construction, Manufacturing, F&B, Life Sciences, Healthcare and Trading.
Eva is a member of ACCA, ISCA, Accredited Tax Practitioner (ATA) of Corporate Tax and Accredited Tax Practitioner (Provisional) (PTP) of Goods and Service Tax (GST). 

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