With the objective of reaching out to ISCA members and the profession and keeping them abreast of emerging trends and developments impacting the profession, ISCA Professional Standards Division (Financial Reporting Department) regularly organise financial reporting forums/webinars.
Past financial reporting forums/webinars:
|Event date||Event name||Synopsis||Materials|
|1||11 November 2016||ISCA’s Financial Reporting Committee Outreach Seminar |
Financial Instruments, Revenue and IFRS Convergence
|2018 is the year in which Singapore adopts the international financial reporting framework and the year two major accounting standards become effective.|
Revenue from Contracts with Customers and Financial Instruments are two key accounting standards that are coming into effect from 1 January 2018 with retrospective application to the 2017 comparative year. Singapore incorporated companies listed on the Singapore Exchange (SGX) are also required to adopt a new accounting framework under IFRS (hereinafter referred to as “SG-IFRS framework”) with effect from 1 January 2018 with retrospective application to the 2017 comparative year.
With 2016 coming to an end, Singapore companies are expected to be well prepared to adopt these two accounting standards and for those listed on SGX, also the SG-IFRS framework. This seminar showcases experienced technical accounting professionals from ISCA’s Financial Reporting Committee who will provide you with insights on the practical application and implications of these accounting standards to your businesses. In addition, we will highlight useful tips to consider in your transition to the new SG-IFRS framework.
|2||23 November 2018||ASC-ISCA Financial Reporting Technical Forum||This financial reporting technical forum discusses the future of financial reporting in the digital era. Experts from IASB, ASC and ISCA will be sharing their insights to this and taking questions from the floor. In addition, the IASB speakers will be sharing key implementation takeaways to aid preparers in their implementation of the new accounting standards.|
|3||26 November 2019||ISCA FRC-AFA Financial Reporting & Business Conference||The event is a celebration of the 21st AFA Conference hosted by ISCA. Held biennially since 1978, this year’s AFA Conference is expected to attract an estimated 200 participants comprising delegates and business leaders from the ten ASEAN countries as well as senior members of the Singapore accountancy profession. |
To fully harness the potential that ASEAN presents as an economic block, businesses should gear up, transform and embrace disruption and technology. In this regard, the “Financial Reporting and Business Conference” would be bringing distinguished leaders from diverse fields to share their insights on the latest developments in financial reporting and business strategies for ASEAN. Participants will also enjoy opportunities to network, exchange business ideas, and build new professional connections with those who share similar interests.
|4||29 June 2020||ISCA Breakfast Talk: IFRS 16 Implementation Insights||When IFRS16 (Leases) came into effect on 1 January 2019, a significant hurdle was overcome in getting to IFRS 16 transition and compliance. Now it’s time to address “day 2” challenges by optimising lease management and reporting processes, and leveraging emerging technologies and the treasure trove of data now available to inform decision making, reduce costs and better manage risks from leasing.|
|5||5 November 2020||ISCA Technical Live Webinar 2020: Insights into accounting for COVID-19 Government Relief Measures||To help businesses survive the devastating effects of COVID-19, the Singapore Government has launched a slew of COVID-19 relief measures through the Unity, Resilience, Solidarity and Fortitude Budgets.|
ISCA, through its Financial Reporting Committee (FRC) and COVID-19 Working Group (set up in collaboration with ACRA), has held various deliberations on areas of uncertainties arising from the accounting of key relief measures – Property Tax Rebate for 2020, Jobs Support Scheme and Rental Relief Framework for SMEs. Guidance is then provided on these areas of uncertainties through the various Financial Reporting Bulletins (FRBs) and COVID-19 Technical FAQs issued by ISCA.
During this one-hour webinar, ISCA FRC Chairman, together with ISCA Technical Deputy Director and ISCA Technical Manager, will share key insights from the various guidance issued and thought processes underpinning the development of the guidance.