A seminar organised by Ernst & Young Singapore to update us on the latest changes in Financial Reporting Standards (FRS). I was never given an opportunity in the past, as the previous company hardly believed in the importance of retraining workers. I did mentioned before that my manager managed to sign me and the accountant, Cat, on a complimentary basis. Indirectly, it meant we were not exhausting our training budget allocated to us. Nice deal. Things are never arranged perfectly, as the hours to spend in office to close accounts were being sacrificed.
Identity tags were issued to us upon registration. We picked our seats near the middle section of the hall. Several speakers took their turns to feed us with the various updates.
The order of updates is as follows:
- Amendments in 2006
- Application of FRS 39
- A test for Impairment
- Companies Act and its implications of accounting
- Changes beyond 2006
The dishes served for lunch were reasonable, enough to fill our small appetite. After lunch, the second half continued. Cat was starting to doze off. Hehe. Teased her that it was not a boring talk. The Q&A session ended about 5pm. There was a question, which the lawyer and accountant can't answer and push to one another (No Man's Land). I had to rush for night classes, bidding goodbye to Cat at the train station. Dinner at Delifrance to kill some time before a gruelling 3 hours of performance management.
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