The overall set of accounting standards in Singapore contain about 41 different standards with each standard named as FRS X e.g. There are more than 40 Financial Reporting Standards (FRS) issued in … SME-FRF & SME-FRS (Revised March 2020) Click here to download the SME-FRF & SME-FRS (Revised), including the illustrative financial statements.. ISCA is a Member of Chartered Accountants Worldwide, (65) 6749 8060 In addition, for financial reporting purposes, fair Abbreviations used in the publication ASC Accounting Standards Council FRS Singapore Financial Reporting Standards IAS International Accounting Standards Please do check the details before confirming your registration for the course/session. Associates – FRS 28 38 28. For Members: A Foundation to Intermediate level programme for accountants who wish to achieve deeper understanding of the requirements of FRS 36 and for auditors who have to verify the appropriateness of the impairment computations and disclosure requirements in the financial statements. (1AB) A special resolution adopting the whole or any part of the model constitution prescribed under section 36 for the description to which the company belongs may do so by reference to the title of the model constitution, or to the numbers of the particular regulations of the model constitution and need not set out the text of the whole or part of the model constitution to be adopted. If you do not have an account with us, create one now for free. Environmental isca@isca.org.sg, A230 : FRS 36: Impairment of Assets – From an Accounting Perspective. However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Except for exempted short-term and low value leases, This course assumes participants have basic knowledge of FRS 116 Leases and FRS 36 Impairment of assets. FRS Singapore Financial Reporting Standards FASB United States Financial Accounting Standards Board ... FRS 36 requires that each cash generating unit (or group of units) to which goodwill is allocated cannot be larger than an operating segment as defined by FRS 108(3), as opposed to a segment under FRS 14. It, however, has to be subjected … To explore in great detail FRS 36 and to highlight the key issues surrounding the impairment of assets as well as its presentation and disclosure. remain on pre-FRS 39 tax treatment) for its financial instruments on revenue account must elect in writing at the time of submission of its tax return in the first YA that FRS 39 is adopted for accounting purposes. Learning objectives ... Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Shanghai, Singapore, Sydney, Taipei, Tokyo and Yangon. Programme ObjectiveThis course allows participants to explore FRS 36 Impairment of Assets in detail and understand the key issues in discounted cash flow computation through the use of case studies. The new Singapore leases standard will be effective in January 2019 and companies need to get ready for the adoption and implementation of FRS 116. Your enrolment would constitute that consent has been given to ISCA to release your personal information to ACRA for their verification and record purpose. This course allows participants to explore FRS 36 Impairment of Assets in detail and understand the key issues in discounted cash flow computation through the use of case studies. Liabilities (591 KB), Rights to Interests arising from Decommissioning, Restoration and The Singapore Government Securities (SGS) website provides individual investors a general overview of the SGS market. (56314 KB), If you do not already have Adobe Reader, please download the software for free here:[, Singapore Financial Reporting Standards (International), Preface to Financial Reporting Standards (113 KB), Preface to Interpretations of This course allows participants to explore the practical issues in relation to audit of FRS 36 Impairment of Assets in greater detail and how to overcome them. 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