Course Detail(A909 : Financial Reporting Standards: Annual Update 2018)
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UTAP Funding

A909 : Financial Reporting Standards: Annual Update 2018

7.00 CPE Hours (Category 1)
Classroom


Programme Overview
Approved for UTAP support for intakes conducted between 01 April 2018 – 31 March 2019.

NTUC members enjoy course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc.
(Terms & Conditions apply)

For eligibility criteria or UTAP claims submission, please refer to the Funding tab.
 
Programme Objective
The course provides an update on the latest developments in financial reporting applicable to all Accounting and Audit professionals. The trainer will discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective for the years 2017, 2018 and 2019.
 

Programme Outline

 New/Revised Standards effective in 2017
1Amendments to FRS 7 – Disclosure initiative
2Amendments to FRS 12 - Recognition of deferred tax assets for unrealised losses
3Annual Improvement Cycle issued in December 2016
 
New/Revised Standards effective in 2018
1Amendments to FRS 102 - Classification and Measurement of Share-based Payment Transactions
2Amendments to FRS 104 Insurance Contracts
3Amendments to FRS 40 - Transfers of Investment Property
4INT FRS 122 Foreign Currency Transactions and Advance Consideration
5FRS 109 Financial Instruments
(overview of the new standard)
6FRS 115 Revenue from Contracts with Customers
(overview of the new standard)
 
New/Revised Standards effective in 2019
1FRS 116 Leases
(overview of the new standard)
 
Latest issues/Updates
 
 
Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

All Accounting and Auditing Professionals

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees
Date & Time

04 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan
Date & Time

29 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann
Date & Time

21 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Testimonial

Funding

NTUC Union Training Assistance Programme (UTAP)

UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2018 – 31 March 2019.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
 
Eligibility Criteria
To be eligible for UTAP, the following conditions need to be met:
  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding;
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.
 For more information on UTAP, please click here.
 
Please refer to the UTAP Application Guide here on how union members can apply for UTAP via the system.
 
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008.
 

Programme Facilitator(s)


Michel Herrmann
WP, StB, CPA (US and Singapore)
 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Ng Eng Juan
Professor
 
Prof Ng is currently with Singapore University of Social Sciences (SUSS) (formerly known as SIM University). He is the Head of the Accountancy Programme in SUSS. Prof Ng was previously with Nanyang Technological University, teaching financial accounting courses in the B Acc and MBA programmes, and has been awarded several teaching awards including the "Nanyang Award for Excellence in Teaching". Besides his teaching duty in SUSS, Prof Ng also conducts regular CPE programmes on accounting standards and provides consultancy services to public accounting firms.

Prof Ng has published more than 60 journal articles and more than 40 professional accounting books including "Consolidated Financial Statements (Singapore)", "Singapore GAAP", and "A Practical Guide to Financial Reporting Standards (Singapore)"


Programme Overview
Approved for UTAP support for intakes conducted between 01 April 2018 – 31 March 2019.

NTUC members enjoy course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc.
(Terms & Conditions apply)

For eligibility criteria or UTAP claims submission, please refer to the Funding tab.
 
Programme Objective
The course provides an update on the latest developments in financial reporting applicable to all Accounting and Audit professionals. The trainer will discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective for the years 2017, 2018 and 2019.
 

Programme Outline

 New/Revised Standards effective in 2017
1Amendments to FRS 7 – Disclosure initiative
2Amendments to FRS 12 - Recognition of deferred tax assets for unrealised losses
3Annual Improvement Cycle issued in December 2016
 
New/Revised Standards effective in 2018
1Amendments to FRS 102 - Classification and Measurement of Share-based Payment Transactions
2Amendments to FRS 104 Insurance Contracts
3Amendments to FRS 40 - Transfers of Investment Property
4INT FRS 122 Foreign Currency Transactions and Advance Consideration
5FRS 109 Financial Instruments
(overview of the new standard)
6FRS 115 Revenue from Contracts with Customers
(overview of the new standard)
 
New/Revised Standards effective in 2019
1FRS 116 Leases
(overview of the new standard)
 
Latest issues/Updates
 
 
Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

All Accounting and Auditing Professionals

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Michel Herrmann
WP, StB, CPA (US and Singapore)
 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Ng Eng Juan
Professor
 
Prof Ng is currently with Singapore University of Social Sciences (SUSS) (formerly known as SIM University). He is the Head of the Accountancy Programme in SUSS. Prof Ng was previously with Nanyang Technological University, teaching financial accounting courses in the B Acc and MBA programmes, and has been awarded several teaching awards including the "Nanyang Award for Excellence in Teaching". Besides his teaching duty in SUSS, Prof Ng also conducts regular CPE programmes on accounting standards and provides consultancy services to public accounting firms.

Prof Ng has published more than 60 journal articles and more than 40 professional accounting books including "Consolidated Financial Statements (Singapore)", "Singapore GAAP", and "A Practical Guide to Financial Reporting Standards (Singapore)"

Upcoming Schedule

Registration is closed

Date & Time

04 Dec 2018 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709


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