FRS 132 & FRS 7: Financial Instruments: Disclosure & Presentation

Contents:

• Scope and Definition of Terms
• How to Identify Financial Instruments
• Presentation:
  • Classification of financial instruments:
    • Equity Vs. Liability
    • Settlement in own equity instruments
    • Continent settlement provisions and settlement options
  • How to present compound instruments
  • Presenting interest, dividends, loses and gain from financial instruments
  • Treasury shares
  • Off setting of financial assets and financial liabilities
• Disclosure:
  • Understanding the basic disclosure requirement of the standard:
    • The format and location of disclosure
    • Quantitative or qualitative or both
    • How to determine a class or classes of financial instruments
    • Terms, condition and accounting policies
  • Financial Risks
    • Understanding various types of financial risk on the balance sheet: price risk, credit risk, interest rate risk, liquidity risk, cash flow risk
    • Making judgement on the disclosure or non-disclosure of financial risk
    • Sensitivity analysis

Target Audience:

All

CPD Code:

080811KL1

Speaker's profile

Danny, Tan Boon Wooi

Danny has over 25 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 in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Upon returning to Malaysia in 1996 he took up the position as an audit manager with a firm of accountants.

He is currently the partner of a firm providing financial training and consulting for firms in public practice and industry. Danny specialises in International Financial Reporting Standards as well as UK and Malaysian GAAP. He is an experienced speaker in financial reporting and financial statement analysis for several professional institutions and public listed companies in Malaysia and overseas. Danny also serving as a project manager to the Malaysian Accounting Standard Board in working group WG 48 Government Grants; WG 53 Performance Reporting; WG 54 Financial Reporting by Small and Medium Entities (SME); WG 61 Fair Value Measurement Guidance.

Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a member of Malaysian Institute of Accountants, a fellow member of Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants and an associate member of Malaysian Institute of Taxation.