Course Detail(A086 : SFRS for Small Entities: An Overview)
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UTAP Funding

A086 : SFRS for Small Entities: An Overview

7.00 CPE Hours (Category 1)
Classroom

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be conducting via Live Webinar.

Please do check the details before confirmation your registration for the course/session.



Programme Objective

This programme aims to provide an introduction to the FRS accounting standards applicable for SME. The programme will highlight the benefits of stand-alone standards of FRS and give the participants the possibility to discuss practical application issues concerning presentation, recognition, measurement and disclosures.

Programme Outline

  • Overview of the SME project of the IASB
    • Application in Singapore (local adjustments)
  • Definition and Characteristics of a SME
  • Stand-alone Standards for SME
    • Financial statement presentation
    • Statement of financial position
    • Statement of comprehensive income and income statement
    • Notes to the financial statements
    • Accounting policies, estimates and errors
    • Inventories
    • Investment property
    • Property, plant and equipment
    • Government grants
    • Borrowing costs
    • Events after the end of the reporting period
  • Executive Summary

Training Methodology
Lecture style, with Exercises / Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Accountants, Auditors and Directors of SMEs, or those who like to gain an understanding of the FRS accounting standards, especially for SMEs.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees
Date & Time

28 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann
Date & Time

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

Registration is closed

Programme Facilitator(s)

Michel Herrmann
Date & Time

25 Mar 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Testimonial

Funding

1] 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)


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.

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be conducting via Live Webinar.

Please do check the details before confirmation your registration for the course/session.



Programme Objective

This programme aims to provide an introduction to the FRS accounting standards applicable for SME. The programme will highlight the benefits of stand-alone standards of FRS and give the participants the possibility to discuss practical application issues concerning presentation, recognition, measurement and disclosures.

Programme Outline

  • Overview of the SME project of the IASB
    • Application in Singapore (local adjustments)
  • Definition and Characteristics of a SME
  • Stand-alone Standards for SME
    • Financial statement presentation
    • Statement of financial position
    • Statement of comprehensive income and income statement
    • Notes to the financial statements
    • Accounting policies, estimates and errors
    • Inventories
    • Investment property
    • Property, plant and equipment
    • Government grants
    • Borrowing costs
    • Events after the end of the reporting period
  • Executive Summary

Training Methodology
Lecture style, with Exercises / Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Accountants, Auditors and Directors of SMEs, or those who like to gain an understanding of the FRS accounting standards, especially for SMEs.

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.

Upcoming Schedule

Registration is closed

Date & Time

28 Nov 2019 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

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

Programme Facilitator(s)

Michel Herrmann

Venue

137 Cecil Street
Level 4
Cecil Building
Singapore 069537


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