About this Course

This programme aims to provide an introduction to the FRS accounting standards applicable for SME. The programme will highlight the benefits of stand-alone standards of FRS and give the participants the possibility to discuss practical application issues concerning presentation, recognition, measurement and disclosures.

Programme Outline 

Overview of the SME project of the IASB

• Application in Singapore (local adjustments)
  

• Financial statement presentation
  
• Statement of financial position
  
• Statement of comprehensive income and income statement
  
• Notes to the financial statements
  
• Accounting policies, estimates and errors
  
• Inventories
  
• Investment property
  
• Property, plant and equipment
  
• Government grants
  
• Borrowing costs
  
• Events after the end of the reporting period
  

Executive Summary

Intended For

Accountants, Auditors and Directors of SMEs, or those who like to gain an understanding of the FRS accounting standards, especially for SMEs.

Training Methodology

Lecture style, with Exercises/Case Studies

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