This workshop will focus on FRS 116 Leases, new accounting standard on lease accounting.
I loved the sessions on formulas, shortcuts and graphs. Given my profile I will be able to apply these to my job immediately
It has been a great experience of getting trained from Divya on the excel tools. The curriculum has been well designed and she is very interactive in the sessions and keeps everyone involved with the practice sessions and throughout otherwise also. Thank you Divya for explaining all the concepts so nicely.
Asian Pay Television Trust
Very clear explanation on each topic and very approachable. Very handon due to given practice exercise.
APTT Management PTE. Limited
key takeaways include use of formulas, charts and shortcuts which I can implement in my day to day work
Senior Banking professional
What I liked about the session is that it was very interactive with lost of hands on exercises.
Senior Management Professional
the sessions on formulas and smart charts were very helpful. These will help me in my regular day to day work.
Regional Finance Officer
The trainer was very approachable. Her hands on approach helped me understand excel in more detail and should help me manage my work efficiently.
Cotton on Pte Ltd
Singapore Accounting Standards Council had issued FRS 116 – Leases which is applicable from 1 January 2019. FRS 116 is based on IFRS 16 which will replace FRS 17 Leases
FRS 116 will require lessees to account for leases ‘on-balance sheet’ by recognising a ‘right-of-use’ asset and a lease liability. For many businesses, however, exemptions for short-term leases and leases of low value assets will greatly reduce the impact.
FRS 16 also:
- changes the definition of a lease
- sets requirements on how to account for the asset and liability, including complexities such as non-lease elements, variable lease payments and option periods
- changes the accounting for sale and leaseback arrangements
- largely retains IAS 17’s approach to lessor accounting
- introduces new disclosure requirements.
This session will cover:
- FRS 116 – Leases
- Transition from IAS 17
- New definition of Lease
- Lessee’s Accounting under new guidance of FRS 116
- Lessor’s accounting
- Sale and Lease back transactions
- Difference between FRS 116 and FRS 17
Participants are encouraged to share their experiences, issues and challenges, relating to the topic in discussion, and in the process, seek advice, coaching and resolution.
- Finance managers,
- Auditors and
- All accounting professionals.
Course Cancellation / Reschedule Policy
OutsourcingWise reserves the right to cancel or reschedule the course due to unforeseen circumstances. If the course is cancelled from our end, management will refund 100% to its participants
Note: the minimal class size to start the class would be 3 pax