Overview of Accounting under FRS 109 Financial Instruments and its related Tax Implications


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Date:
11 August 2020, Tuesday

Time:
09.00AM - 05.00PM
Venue:
60 Cecil Street, ISCA House, Singapore 049709

Details/ Promotion:
Please click here for more details and here for the registration form.
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Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

This workshop will focus on accounting for Financial Instruments under FRS 109 Financial Instruments that includes guidance on classification and measurement of financial assets and liabilities, hedging, and the expected credit losses model and its related tax implications.

Programme Outline

This session will cover: 

Accounting
  • Overview of FRS 109 – Financial instruments 
  • Classification and measurement: Financial Asset & Financial Liabilities 
  • Amortized cost 
  • Fair value 
  • Fair value through Profit or loss 
  • Fair value through OCI 
  • Accounting for Derivatives 
  • Accounting for off market transactions 
  • Subsequent measurement: Expected credit loss model 
  • Hedge accounting 
  • Types of Hedges 
  • Fair value hedge 
  • Cash flow hedge 
  • Net investment hedge 
  • Overview of FRS 32 – Financial instruments: Presentation 
  • Debt vs equity considerations 
  • Compound Financial Instruments
Tax
  • FRS 109 tax treatment 
  • Scope of section 34AA 
  • Documentary requirements

About the Presenter(s)/ Trainer(s)


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Mr Chetan Hans
Director, Financial Reporting Advisory Services
Grant Thornton


Chetan has more than 14 years of experience in servicing large national and multinational clients in the areas of Assurance, Indian GAAP, US GAAP and IFRS technical accounting advisory, specifically in the areas of financial instruments, leases, consolidation, revenue recognition and business combinations.

Chetan has extensive international experience on advising clients on IFRS and US GAAP in India, United Kingdom and United States. Chetan has expertise in:
  • Advising on technical accounting under IFRS and US GAAP; 
  • Conduct IFRS and technical accounting trainings on IFRS 15, IFRS 16 and IFRS 9 for clients and finance teams of major corporates in India and Nepal; 
  • Experience of various technical topics like leasing, revenue recognition, embedded derivatives, consolidation, joint ventures, service concession arrangements; 
  • Diverse industry and international experience including working with and within teams from India, United States, United Kingdom, Middle East, Romania, Singapore.
  • Professional qualifications and memberships 
  • Association of Chartered Certified Accountants (UK) 
  • Chartered Financial Analyst (US) 
  • B.Com (Hons), University of Delhi

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Ms Eng Min Lor
Partner, Corporate Tax
Grant Thornton Singapore
Accredited Tax Advisor (Income Tax)


Eng Min is a Corporate and Business Tax Partner at Grant Thornton Singapore who provides domestic and international corporate advice to a broad range of multinational clients from a whole host of industries. She has been actively involved in many projects involving investments into, through and from Singapore to help clients manage their businesses in a tax efficient and holistic manner.








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