About this Course
To discuss the accounting principles for real estate activities in accordance with INT FRS 115: Agreements for the Construction of Real Estate.
The seminar will also discuss the key principles from two other relevant financial reporting standards i.e. FRS 11 Construction contracts and FRS 23 Borrowing costs to further enhance the understanding of real estate activities.
Programme Outline
1. INT FRS 115 Agreements for the Construction of Real Estate
- This Interpretation applies to the accounting for revenue and associated expenses by entities that undertake the construction of real estate directly or through subcontractors.
- The seminar will discuss the following areas:
- Scope of INT FRS 115
- Determining whether the agreement is within the scope of FRS 11 Construction contracts or FRS 18 Revenue
- Accounting for revenue from the construction of real estate
- if the agreement is a construction contract
- if the agreement is for the rendering of services
- if the agreement is for the sale of goods
- Disclosure requirements
2. FRS 11 Construction contracts
- An overview of the accounting treatment for the recognition and measurement of construction revenue and costs
3. FRS 23 Borrowing costs
- An overview of the treatment of borrowing costs in respect of loans taken to finance real estate activities.
Intended For
A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors especially those whose work involves real estate activities
Training Methodology
Lecture style with case studies, and references to financial statements of selected listed companies to illustrate presentation and disclosures
Course Rating
- /5 from users
Course Enquiry
Course Info
- Course Provider Institute of Singapore Chartered Accountants
- Course Category Business
- Course Price n/a
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