FRS in Malaysia will converge with international standards on 1 January 2012. CCH Executive Events presents this workshop to provide a technical brief on standards issued by International Accounting Standards Board (IASB) and to explain the salient features of each Standard from the perspective of preparers and auditors. It also examines their influence on management practices, the impact on the financial performance and financial positions, as well as implications on financial ratios.

This workshop can also be served as a comprehensive refreshers course on all the IFRSs and IASs that are currently affecting the auditing profession as well as the business community.

Programme Outline

Latest Technical Documents Issued by IASB:

■ Exposure Drafts

■ Discussion Papers

■ New and Revised IFRSs Issues

Presentation of Financial Statement and Related Disclosures

IAS 1    Presentation of Financial Statements

IAS 7    Cash Flow Statements

IFRS 8  Operating Segments

IAS 34  Interim Financial Reporting

IAS 33  Earnings per Share

IAS 24  Related Party Disclosures

Standards Dealing with Preparation of Financial Statements

IFRS 1  First-time Adoption of International Financial Reporting Standards

IAS 8    Accounting Policies, Changes in Accounting Estimates and Errors

IAS 18  Revenue

IAS 11  Construction Contacts

IAS 23  Borrowing Costs

IAS 12  Income Taxes

IAS 20  Accounting for Government Grants and Disclosure of Government Assistance

Tangible and Intangible Assets

IAS 2    Inventories

IAS 16  Property, Plant and Equipment

IAS 40  Investment Property

IAS 38  Intangible Assets

IAS 17  Leases

IFRS 5  Non-current Assets Held for Sale and Discontinued Operations

IAS 36  Impairment of Assets

Event after the Reporting Period and Non-Financial Liabilities

IAS 10  Events after the Balance Sheet Date

IAS 37  Provisions, Contingent Liabilities and Contingent Assets

Business Combination and Group Financial Statements

IFRS 3  Business Combinations

IAS 27  Consolidated and Separate Financial Statements

IAS 28  Investments in Associates

IAS 31  Interests in Joint Ventures

Foreign Exchange Considerations

IAS 21  The Effects of Changes in Foreign Exchange Rates

IAS 29  Financial Reporting in Hyperinflationary Economies

Employee Benefits and Share-Based Payment

IAS 19  Employee Benefits

IAS 26  Accounting and Reporting by Retirement Benefit Plans

IFRS 2  Share-based Payment

Financial Instruments

IFRS 7  Financial Instruments: Disclosures

IAS 32  Financial Instruments: Presentation

IAS 39  Financial Instruments: Recognition and Measurement

IFRS 9  Financial Instruments

Specialised Industries

IFRS 6  Exploration for and Evaluation of Mineral Resources

IAS 41  Agriculture

Benefits for Attending

Appreciation of the current practice of applying the IFRSs and IASs

Better understanding of their impact on financial statements

Discussion of the most current technical issues.

Who Should Attend

Chief Financial Officers / Financial Controllers

Finance Managers and Executives

Accountants

Auditors

Business Advisers / Leaders

Anyone who uses Financial Reporting Standards

Workshop Leader

Danny Tan has over 30 years of working experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years and he also worked for 5 years in UK based multination corporations. He is currently the partner of a consulting firm providing financial training and consultancy for firms in public practice and industry specialising in International Financial Reporting Standards. Danny is a regular speaker for various professional institutions and public listed companies in several countries. He is currently serving as a project manager to the Malaysian Accounting Standard Board in several Working Groups.