Course Detail(A080 : Hedge Accounting: A Practical Approach)

SDF Funding, SkillsFuture Credit, UTAP Funding

A080 : Hedge Accounting: A Practical Approach

7.00 CPE Hours (Category 1)
Classroom

Programme Objective
 
A practical hands-on seminar intended to allow participants to perform hedges on commonly used financial instruments under IFRS 9. The seminar will also focus on the actual preparation and testing aspect of hedge accounting.

Programme Outline

  • Basic concept of hedge accounting under IFRS 9
  • Rules and guidelines of hedge accounting under IFRS 9 requirements
  • Practical preparation of the hedge documentation
  • Different effectiveness testing methods used for the prospective testing (Sample documentation template will be provided for participants to practise on performing the testing)
  • Practical Challenges faced by corporate who adopted hedge accounting and suggested ways to overcome it
  • Case Study on companies who adopted hedge accounting

Participants are required to bring along their Laptops for hands-on exercises

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 seminar intended for Accounting, Audit and Finance Professionals who are interested to apply their knowledge of Hedge Accounting to perform hedges on commonly used financial instruments.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

24 Jun 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Ng Choon Kiat

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Ng Choon Kiat

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

04 Dec 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Ng Choon Kiat

Date & Time

04 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Ng Choon Kiat

Date & Time

05 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Ng Choon Kiat

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 22 Apr 2021
Course Reference Number: TGS-2020500879

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 22 Apr 2021
Funded Hours: 7 hours
Course Reference Number: TGS-2020500879

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 Choon Kiat
CA (Singapore), CFA, CFSA


Choon Kiat is currently with Standard Chartered Bank as Senior Technical Accountant. Prior to this, Choon Kiat was an Senior Audit Manager (Global Financial Service Industry – GFSI) with Deloitte and Touche LLP, specializing in Valuation and Accounting Treatment of Financial Instruments. He has conducted numerous IFRS and Valuation trainings in Singapore as well as the Southeast Asian regions.

His credentials include:

  • Non-practicing member of the Institute of Singapore Chartered Accountants (ISCA)
  • Chartered Financial Analyst (CFA) Charter-holder
  • Certified Financial Services Auditor (CFSA) from Institute of Internal Auditors
  • Master in Financial Engineering (NUS) 

Programme Objective
 
A practical hands-on seminar intended to allow participants to perform hedges on commonly used financial instruments under IFRS 9. The seminar will also focus on the actual preparation and testing aspect of hedge accounting.

Programme Outline

  • Basic concept of hedge accounting under IFRS 9
  • Rules and guidelines of hedge accounting under IFRS 9 requirements
  • Practical preparation of the hedge documentation
  • Different effectiveness testing methods used for the prospective testing (Sample documentation template will be provided for participants to practise on performing the testing)
  • Practical Challenges faced by corporate who adopted hedge accounting and suggested ways to overcome it
  • Case Study on companies who adopted hedge accounting

Participants are required to bring along their Laptops for hands-on exercises

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 seminar intended for Accounting, Audit and Finance Professionals who are interested to apply their knowledge of Hedge Accounting to perform hedges on commonly used financial instruments.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Ng Choon Kiat
CA (Singapore), CFA, CFSA


Choon Kiat is currently with Standard Chartered Bank as Senior Technical Accountant. Prior to this, Choon Kiat was an Senior Audit Manager (Global Financial Service Industry – GFSI) with Deloitte and Touche LLP, specializing in Valuation and Accounting Treatment of Financial Instruments. He has conducted numerous IFRS and Valuation trainings in Singapore as well as the Southeast Asian regions.

His credentials include:

  • Non-practicing member of the Institute of Singapore Chartered Accountants (ISCA)
  • Chartered Financial Analyst (CFA) Charter-holder
  • Certified Financial Services Auditor (CFSA) from Institute of Internal Auditors
  • Master in Financial Engineering (NUS) 

Upcoming Schedule

Date & Time

24 Jun 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Ng Choon Kiat

Venue

60 Cecil Street
ISCA House
Singapore 049709