Decoding FRS 118: What’s changing and why it matters
FRS 118 brings significant changes to financial reporting and how organisations present their financial statements.
In today’s rapidly evolving financial reporting landscape, the introduction of FRS 118 represents one of the most significant updates in recent years. With new concepts, revised presentation requirements and enhanced disclosures requirements, organisations will need to re-examine how they prepare and communicate their financial performance, financial position and cash flows. Staying ahead of these changes is essential for maintaining clarity, comparability and stakeholder trust.
- Gain a clear understanding of the key changes introduced under FRS 118.
- Learn how the specific main business activity concept affects the Statement of Profit or Loss presentation and the consequential changes to the Statement of Cash Flows.
- Understand the enhanced aggregation/disaggregation requirements.
- Familiarise yourself with new disclosure expectations for Management-defined Performance Measures (MPMs).
- Gain practical guidance to support a smooth transition to the new standard.
This session was designed to equip management, finance leaders, preparers and stakeholders with the clarity and confidence to navigate the transition effectively.
Our in-house experts:
- Gan Linhui – Senior Manager, Audit & Assurance (Singapore)
- Shunya Ichida - Senior Manager, Audit & Assurance (Singapore)
Our experts