Course Detail(A016 : Financial Reporting Standards: An Overview (Classroom))

SDF Funding, SkillsFuture Credit, UTAP Funding

A016 : Financial Reporting Standards: An Overview (Classroom)

14.00 CPE Hours (Category 1)
Classroom

Programme Objective

  • The objective of this two-day course is to discuss all the Singapore Financial Reporting Standards (FRS) issued by the Accounting Standards Council (ASC) that are effective in 2018-2019
  • The major provisions of each FRS will be highlighted and illustrated.

Programme Outline

  • All the FRS (FRS 1 to FRS 41, and FRS 101 to FRS 116) issued by ASC and operative in 2018 and 2019.
  • In Day 1, the following FRS will be covered:
    • 1, 7, 34
    • 103, 110, 111, 112, 27, 28
    • 2, 16, 40, 32, 107, 109, 36, 38
  • In Day 2, the following FRS will be covered:
    • 12, 115, 33
    • 8, 10, 19, 20, 23, 24, 29, 37
    • 116, 21, 41
    • 101 to 116


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 14.00 Hours

Schedule & Fees

Date & Time

02 Mar 2021 (9:00 AM - 5:00 PM)
05 Mar 2021 (9:00 AM - 5:00 PM)

Registration is closed

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

22 Jun 2021 (9:00 AM - 5:00 PM)
25 Jun 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

24 Nov 2020 (9:00 AM - 5:00 PM)
25 Nov 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Date & Time

16 Mar 2020 (9:00 AM - 5:00 PM)
17 Mar 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Date & Time

16 Dec 2019 (9:00 AM - 5:00 PM)
17 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 05 Jan 2022
Course Reference Number: TGS-2020501117

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 05 Jan 2022
Funded Hours: 14 hours
Course Reference Number: TGS-2020501117

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2020 – 31 March 2021.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • 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.

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)


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 Objective

  • The objective of this two-day course is to discuss all the Singapore Financial Reporting Standards (FRS) issued by the Accounting Standards Council (ASC) that are effective in 2018-2019
  • The major provisions of each FRS will be highlighted and illustrated.

Programme Outline

  • All the FRS (FRS 1 to FRS 41, and FRS 101 to FRS 116) issued by ASC and operative in 2018 and 2019.
  • In Day 1, the following FRS will be covered:
    • 1, 7, 34
    • 103, 110, 111, 112, 27, 28
    • 2, 16, 40, 32, 107, 109, 36, 38
  • In Day 2, the following FRS will be covered:
    • 12, 115, 33
    • 8, 10, 19, 20, 23, 24, 29, 37
    • 116, 21, 41
    • 101 to 116


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 14.00 Hours

Programme Facilitator(s)

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

Date & Time

22 Jun 2021 (9:00 AM - 5:00 PM)
25 Jun 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709