FRS 2: Inventories

• Meaning of cost of inventory
• Meaning of Net Realisable Value (NRV)
• Rules for conducting the lower of cost and NRV test
• Measurement of inventories using specific identification method, average cost and FIFO

FRS 12: Income Taxes

• What is a tax base?
• The meaning of the 2 temporary differences
• Examples of a deferred tax computation

FRS 16: Property, Plant and Equipment

• True meaning of depreciation
• Initial measurement of PPE including dismantling costs
• Cost model vs revaluation model
• The disadvantages of the revaluation model
• Component depreciation

FRS 21: The Effects of Changes in Foreign Exchange Rates

• The 3 circumstances when foreign exchange differences occur
• Determining the functional currency
• Accounting for the change in functional currency
• Rules for recognition of foreign currency differences at entity level

FRS 24: Related Party Disclosures

• Identify the related parties of a reporting entity
• Who is not a related party?

FRS 28: Investments in Associates and Joint Ventures

• Accounting entries for equity accounting

FRS 38: Intangible Assets

• The 3 conditions that must be met to recognise an intangible asset
• The 5 ways an intangible asset may be recognised
• The 2 measurement models
• Residual values of intangibles

FRS 105: Non-Current Assets Held for Sale and Discontinued Operations

• 7 conditions to be met before an asset can be shown as held for sale
• Measurement of assets held for sale
• Presentation of discontinued operations

FRS 109: Financial Instruments

• Major changes to the classification of financial assets
• What is amortised cost?
• The 3 levels of impairment of financial assets

FRS 111: Joint Arrangements

• The 2 types of joint arrangements
• Accounting for joint operations
• Accounting for joint entities

FRS 113: Fair Value Measurements

• The new definition of fair value
• Meaning of principal market
• Highest and best use considerations
• The 3 models of fair value

FRS 116: Leases

• The new leasing model for lessees
• New definition of a lease
• Example of accounting for a lease

Learn it today, apply it tomorrow : The session integrates practical illustrations and case questions, enabling participants to quickly apply the accounting standards in real-world scenarios.

This workshop qualifies for 7.0 CPE hours in Financial and Sustainability Reporting Standards and Pronouncements (Category 1).

This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please indicate in “Remarks” section in your registration the mode of attendance.

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are available in the training room to charge your digital device.

Date : 23 October 2026 ( Friday )

Time : 9am –5pm

Venue : Hotel venue to be advised

Fee : SGD 449

• Accountants and Auditors
• Members of audit committee, finance directors 
• Anyone who would like to have a practical overview of the accounting standards

Sardool has been training both students and professionals for the past 30 years, and is a highly sought-after seminar leader in the areas of financial reporting standards, cash flow statements, analysis of financial statements, consolidation and other technical accounting topics. He was an Adjunct Associate Professor in the Department of Accounting of the NUS Business School for 17 years.

Sardool is the Chief Financial Officer of an Investment Company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company, where he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. His other working experiences were with KPMG Peat Marwick and a Japanese merchant bank.

Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable participants to have a clear understanding of the topics delivered.