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

SDF Funding, SkillsFuture Credit, UTAP Funding

A016 : Financial Reporting Standards: An Overview

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

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

There are no seats available.

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709

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

Date & Time

18 Jul 2019 (9:00 AM - 5:00 PM)
19 Jul 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Date & Time

21 Mar 2019 (9:00 AM - 5:00 PM)
22 Mar 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 6 Jan 2020
Course Ref No.: CRS-N-0035484

 

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (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:

  • 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 SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

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 6 Jan 2020
Funded Hours: 14 hours
Course Ref No.: CRS-N-0035484

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”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system 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. 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 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 2019 – 31 March 2020.
 
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

There are no seats available.

Date & Time

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

Fee (inclusive of GST)

For Members: $ 620.60
For Non-Members: $ 736.16

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709