A Practical Guide to FRS Updates - 6th Run

This workshop is designed specifically for accountants and auditors who need to be aware of recent changes and updates to the Singapore Financial Reporting Standards.

Key Topics

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023

• SFRS(I) Practice Statement 2 Making Materiality Judgements
• Amendments to SFRS(I) 1-12 International Tax Reform - Pillar Two Model Rules

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024

• Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current
• Financial Reporting Bulletin 3 Classification of Liabilities as Current or Non-Current
• Amendments to SFRS(I) 1-1 Non-Current Liabilities with Covenants
• Amendments to SFRS(I) 16 Lease Liability in a Sale and Leaseback
• Amendments to SFRS(I) 1-7 Supplier Finance Arrangements

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2025

• Amendments to SFRS(I) 1-21 Lack of Exchangeability

UPCOMING STANDARDS

• New IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
• New IFRS S2 Climate-related Disclosures
• Exposure Draft to Replace SFRS(I) 1-1 General Presentation and Disclosures (Primary Financial Statements)