IFRS 16 Leases: Practical application Overview and benefits of attending Objective

PwC’s Academy
IFRS 16 Leases: Practical application
The new leasing standard
is a game-changer
Overview and benefits of attending
Objective
To provide participants
detailed knowledge of the
changes to the leasing
standard with practical
examples and exercises to
illustrate its business
impact as well as basic tools
to implement.
Who should
attend?
CFOs, Finance,
Controllers, Supervisors,
Accountants, Analysts,
Investor Relations,
Financial Planning,
Procurement, Treasury,
Investors
The new leases standard will be effective from annual periods beginning on
or after 1st January 2019. As Singapore has already announced that it will
adopt IFRS identical financial reporting framework for Singapore listed
companies in 2018, it is expected that ASC will adopt IFRS 16 shortly as
compared to other jurisdictions wherein the standard either need to be
endorsed by an advisory group or they follow a different timeline for IFRS
implementation.
This half-day workshop is designed to cover not only the concepts introduced
by the new standard but also the practical issues and business impact that
need to be considered by companies in Singapore with lease arrangements.
In this workshop, basic tools and templates will be shared with the
participants illustrating the accounting change including initial recognition,
classification and subsequent measurement.
The workshop leaders are from the Accounting and Financial Reporting
Advisory Services of PwC Singapore who support clients in implementing
leases and other new accounting standards across industries. The speakers
have also helped various industries raise their challenges and concerns during
the first two exposure drafts.
Tax deduction
Companies can claim 400% tax deductions or 60% cash payout of total
registration fees under the Productivity and Innovation Credit (PIC) Scheme.
Terms and Conditions apply.
For more information, please visit the IRAS website at www.iras.gov.sg.
PwC’s Academy
Workshop agenda - Half day (9am-12:30pm)
This half-day workshop is designed to answer the
following questions:
•
•
•
•
How do you determine if your existing lease
arrangement still qualifies as a lease under the new
standard?
How will the new lease accounting model impact
your key financial ratios?
How will you perform the various reassessment
requirements under the new leasing standard?
What are the options, practical expedients and
transition requirements that you need to know?
Contact us
PwC Singapore – The Academy
Email: [email protected]
The answers to the above questions will be discussed
through an interactive workshop with exercises and
sharing of basic tools and templates on how to actually
apply the requirements of IFRS 16.
On top of accounting change, the workshop will also
cover insights on some business and cross functional
impacts.
Registration fee
PwC Clients & Alumni: S$500 (Includes 7%
GST)
Public: S$550 (Includes 7% GST)
About the workshop leaders
How to register
Register your interest by contacting us via email
at [email protected] or visit our website at
www.pwc.com.sg/academy
A complete calendar of training courses can also be
found on our website as above
Trainers’ involvement in the workshop is subject to availability and
PwC reserves the right to appoint the most appropriate trainer.
Senthilnathan Sampath
Voon Hoe Chen
Partner
Voon Hoe leads the Accounting Advisory and Financial
Reporting Advisory Services within PwC Singapore and
currently drives initiatives in Singapore on
implementation of new accounting and financial
reporting standards. A Chartered Accountant by
qualification, he has over 20 years of experience in
investment banking, treasury, financial advisory and
regulatory compliance.
Voon Hoe is a regular speaker at regional conferences and
public seminars on accounting standards, update on the
new developments of IASB and conducts various IFRS
related courses for financial institutions, corporates and
the regulators in the region.
Deputy Head – Accounting and
Financial Reporting Advisory Services
and
Senthilnathan is the Deputy Head of Accounting Advisory
and Financial Reporting Advisory Services of PwC
Singapore with over 15 years of professional experience. He
has extensive practical experience across complex IFRS
financial reporting, with a focus on application of new
accounting standards.
He has been following IFRS 16 since the initial exposure
drafts and have conducted several client update trainings
for clients who want to anticipate the changes. Senthil also
performs various trainings on current accounting topics,
and has experience designing and managing highly
participative program of IFRS training. On top of this he
serves as the key technical director for a number of
assurance engagements in PwC SG.
© 2016 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
PwC’s Academy
Registration Form
IFRS 16 Leases: Practical application
Fees: PwC clients/alumni - S$500 • Public - S$550
Please register the following person/s for the workshop on:
□ 26 April 2016
□ 18 August 2016
□ 8 November 2016
1.
Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….
Email: ………………………………………………………………….. Contact No: ……………………………………………...
2. Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….
Email: ………………………………………………………………….. Contact No: ……………………………………………...
Contact Person
Name: Mr/Ms/Mdm …………………………………………………… Designation: …………………………………………….
Company: ………………………………………………………………….. Address: ………………………………………………...
……………………………………………………………………………………………………………………………………………………
Email: …………………………………………… Contact No.: ……………………………….. Fax: …………………………….
Enclosed is cheque for S$................................ (Cheque no. …………………………………….) made payable to
“PricewaterhouseCoopers Risk Services Pte. Ltd.”.
Registration and Payment
Registrations can be done by telefax at (65) 6236 3300 but will only be confirmed upon receipt of payment and
registration form. Please mail the registration form and payment to "PricewaterhouseCoopers Risk Services Pte.
Ltd." at 8 Cross Street #17-00 PWC Building Singapore 048424 (Attn: Siti/Maimunah, M&C Dept).
For registration enquiries, please call Ms Siti or Maimunah at (65) 6236 3957/3 or email us at [email protected]
In-Company Training
This workshop can be presented on-site at your organisation as an in-house programme.
Please call JJ Namuco at (65) 6236 7497 for more information or email at [email protected]
Note:
• Fees includes 7% GST, refreshment, lunch and seminar kit
• The venue will be at a dedicated PwC Training Room in the PwC Building (located above Telok Ayer MRT Station) or at
a venue conveniently located above/close to an MRT.
• Cancellation Policy: If you are unable to attend, a replacement is welcome. For cancellation received in writing at least
seven (7) days before the seminar, a full refund will be made. No refund (or full rate will be charged) if a cancellation
occurs less than 7 days before the seminar date. Notice of cancellation must be made in writing to us.
• Certificate of Attendance will be awarded on successful completion of the workshop.
• The organiser reserves the right to change the venue, date and programme due to circumstances outside our control.
Tax deduction
Companies can claim 400% tax deductions or 60% cash payout of total registration fees under the Productivity and
Innovation Credit (PIC) Scheme. Terms and Conditions apply. For more information, please visit the IRAS website at
www.iras.gov.sg/irashome/picredit
3
© 2016 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.