Singapore FRSs are principle based Accounting Standards, as a result these Standards are constantly evolving due to two major factors, the first is the rapid changes to the principles of these Standards due to improvements, amendments and new issues and the later is the evolving complex and diverse business environments, that often caused different interpretation of the principles of the Standards. Keeping up to date with the practices of FRS under such dynamic environment is a daunting task for every accountant in practice. This seminar attempts to make the task easier by giving an overview of the principles in the selected Standards and most important of all how these principles are being interpreted in light to contemporary practices.

The seminar gives a practical analysis and review of selected Singapore FRS. It is intended for busy professionals requiring a refresher course on the technical principles of FRS and their applications in accordance with Generally Accepted Accounting Practice in Singapore. The seminar uses practical scenarios to address the complex issues of interpreting the principles of the Standards. It highlights areas where practitioners of FRS may come to different interpretations and how these differences may be overcome based on past experience and the use of judgement derived from the “Framework”.

Intended For

A Foundation to Intermediate level programme intended for all Accounting and Auditing Professionals

Training Methodology

Lecture style, with Exercises/Case Studies