Course Detail(A085 : FRS 113: Fair Value Measurement (Non Financial Items))

A085 : FRS 113: Fair Value Measurement (Non Financial Items)

7.00 CPE Hours (Category 1)
Classroom

Programme Objective
 
This programme provides an overview on the application of fair value measurements for non-financial items, its accounting techniques and disclosures that are applicable to various SFRS(I)s. It also provides an analysis of current developments by IASB in fair value measurement guidance.

Programme Outline

Basics of Fair Value Accounting  

  • Double entry system for fair value accounting
  • Handling gains and losses arising from fair value changes
  • Circumstances where fair value accounting may not be appropriate
 
Applying Fair Value Accounting in SFRS(I)s 
  • Deferred settlement terms
  • Applicable to: Inventories; Property, plant and equipment; Investment property; Intangible assets
  • The difference between ‘fair value model’ and ‘revaluation model’
  • Reporting changes of fair value (gain or loss) in ‘profit or loss’; or in ‘other comprehensive income’
  • The relationship between ‘cost’ and ‘fair value’ at initial recognition
  • Applying Fair Value accounting in SFRS(I) 3: Business Combinations
    • Determining valuation date and its impact
    • Deferred consideration
    • Fair value of separable assets acquired liabilities assumes
  • Applying Fair Value accounting in SFRS(I) 15: Revenue from Contracts with Customers
    • Determining fair value of consideration receive or receivable
  • Applying Fair Value accounting in SFRS(I) 1- 20: Accounting for Government Grants and Disclosure of Government Assistance
    • Accounting for loans from government with a below-market rate of interest
    • Accounting for non-monetary government grant--using fair value or nominal value
 
 
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 suitable for Practicing and Non Practicing Accountants and Auditing Professionals. Those who are interested to learn more about applying fair value measurements for non-financial items are welcome to attend.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

03 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Joseph Toh

Date & Time

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

Registration is closed

Programme Facilitator(s)

Joseph Toh

Date & Time

24 Nov 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Joseph Toh

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Joseph Toh
FCCA, FCPA (Singapore)

 
Joseph Toh was a former Assurance Partner of Baker Tilly TFW LLP. He was the former Head of Audit and has more than 35 years of experience in public accounting. Joseph’s extensive experience includes financial audits of multinationals, local and listed companies and not-for-profits organizations in diverse industries, operational audits and improvements in accounting and reporting systems.

Joseph is a Fellow of ISCA and ACCA. He is a committee member of Investigation and Disciplinary Panel and was a past committee member of Financial Statements Review Committee and Auditing & Assurance Committee of ISCA. He had also served as a member of Complaints & Disciplinary Panel, Continuing Professional Sub-Committee and CPE & Accreditation Sub-Committee of ACRA. He was the Past Chairman of the Audit Committee of Baker Tilly International – Asia Pacific Region.

Programme Objective
 
This programme provides an overview on the application of fair value measurements for non-financial items, its accounting techniques and disclosures that are applicable to various SFRS(I)s. It also provides an analysis of current developments by IASB in fair value measurement guidance.

Programme Outline

Basics of Fair Value Accounting  

  • Double entry system for fair value accounting
  • Handling gains and losses arising from fair value changes
  • Circumstances where fair value accounting may not be appropriate
 
Applying Fair Value Accounting in SFRS(I)s 
  • Deferred settlement terms
  • Applicable to: Inventories; Property, plant and equipment; Investment property; Intangible assets
  • The difference between ‘fair value model’ and ‘revaluation model’
  • Reporting changes of fair value (gain or loss) in ‘profit or loss’; or in ‘other comprehensive income’
  • The relationship between ‘cost’ and ‘fair value’ at initial recognition
  • Applying Fair Value accounting in SFRS(I) 3: Business Combinations
    • Determining valuation date and its impact
    • Deferred consideration
    • Fair value of separable assets acquired liabilities assumes
  • Applying Fair Value accounting in SFRS(I) 15: Revenue from Contracts with Customers
    • Determining fair value of consideration receive or receivable
  • Applying Fair Value accounting in SFRS(I) 1- 20: Accounting for Government Grants and Disclosure of Government Assistance
    • Accounting for loans from government with a below-market rate of interest
    • Accounting for non-monetary government grant--using fair value or nominal value
 
 
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 suitable for Practicing and Non Practicing Accountants and Auditing Professionals. Those who are interested to learn more about applying fair value measurements for non-financial items are welcome to attend.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Joseph Toh
FCCA, FCPA (Singapore)

 
Joseph Toh was a former Assurance Partner of Baker Tilly TFW LLP. He was the former Head of Audit and has more than 35 years of experience in public accounting. Joseph’s extensive experience includes financial audits of multinationals, local and listed companies and not-for-profits organizations in diverse industries, operational audits and improvements in accounting and reporting systems.

Joseph is a Fellow of ISCA and ACCA. He is a committee member of Investigation and Disciplinary Panel and was a past committee member of Financial Statements Review Committee and Auditing & Assurance Committee of ISCA. He had also served as a member of Complaints & Disciplinary Panel, Continuing Professional Sub-Committee and CPE & Accreditation Sub-Committee of ACRA. He was the Past Chairman of the Audit Committee of Baker Tilly International – Asia Pacific Region.

Upcoming Schedule

Registration is closed

Date & Time

03 Sep 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Joseph Toh

Venue

60 Cecil Street
ISCA House
Singapore 049709