Course Detail(A103 : FRS 16: Property, Plant and Equipment)

A103 : FRS 16: Property, Plant and Equipment

3.50 CPE Hours (Category 1)
Classroom

Programme Objective

  1. To facilitate a clear understanding of how the accounting treatment for property, plant and equipment provide users of the financial statements with information about an entity’s investment in its property, plant and equipment and the changes in such investment.
  2. To enable participants to apply the requirements of FRS 16 with respect to the recognition of property, plant and equipment, the measurement of their carrying amounts and the determination of the related depreciation charges and impairment losses.

Programme Outline

  • Objectives and scope of FRS 16
  • Definition and terms
  • Recognition of property, plant and equipment
    • Underlying principles
    • Initial costs
    • Subsequent costs
  • Measurement at initial recognition
    • Underlying principles
    • Elements of cost
    • Measurement of cost
  • Subsequent measurement
    • Underlying principles
    • Cost model
    • Revaluation model
    • Depreciation
    • Impairment and compensation for impairment
  • Derecognition
    • Underlying principles
    • Measurement of gain or loss
  • Disclosure

Training Methodology
Lecture style, with Exercises/Case Studies

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

Intended For

An Intermediate level programme targeted at Practising Accountants as well as Non Practising Accountants and Auditors. Those who wish to achieve a deeper understanding in FRS 16 are encouraged to attend.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

21 Oct 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Tan Yee Peng

Date & Time

26 Oct 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Tan Yee Peng

Date & Time

13 Oct 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Tan Yee Peng

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Assoc Prof Tan Yee Peng

Tan Yee Peng is an Adjunct Associate Professor of the Nanyang Business School, Nanyang Technological University (NTU) and is a regular trainer on accounting topics. Yee Peng previously served as a partner of KPMG in Singapore and has more than twenty years of accounting and auditing experience.  As an audit and advisory partner, Yee Peng was closely involved in providing accounting and advisory services to her clients in both the private and public sectors.  She also acted as the Reporting Accountant and auditor for several companies listed on the Singapore Exchange. During her stay as a partner in KPMG, Yee Peng was also appointed as the partner in charge of its Professional Practice Department which is responsible for the technical and professional standards of the Firm as well as the partner for the firm’s Learning & Development department which oversees the developmental needs of its 2,000 staff. 

Yee Peng holds a Bachelor of Accountancy (First Class Honours) degree from the Nanyang Technological University and is a Fellow of the Institute of Singapore Chartered Accountants and a member of the Singapore Institute of Directors.

Programme Objective

  1. To facilitate a clear understanding of how the accounting treatment for property, plant and equipment provide users of the financial statements with information about an entity’s investment in its property, plant and equipment and the changes in such investment.
  2. To enable participants to apply the requirements of FRS 16 with respect to the recognition of property, plant and equipment, the measurement of their carrying amounts and the determination of the related depreciation charges and impairment losses.

Programme Outline

  • Objectives and scope of FRS 16
  • Definition and terms
  • Recognition of property, plant and equipment
    • Underlying principles
    • Initial costs
    • Subsequent costs
  • Measurement at initial recognition
    • Underlying principles
    • Elements of cost
    • Measurement of cost
  • Subsequent measurement
    • Underlying principles
    • Cost model
    • Revaluation model
    • Depreciation
    • Impairment and compensation for impairment
  • Derecognition
    • Underlying principles
    • Measurement of gain or loss
  • Disclosure

Training Methodology
Lecture style, with Exercises/Case Studies

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

Intended For

An Intermediate level programme targeted at Practising Accountants as well as Non Practising Accountants and Auditors. Those who wish to achieve a deeper understanding in FRS 16 are encouraged to attend.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Assoc Prof Tan Yee Peng

Tan Yee Peng is an Adjunct Associate Professor of the Nanyang Business School, Nanyang Technological University (NTU) and is a regular trainer on accounting topics. Yee Peng previously served as a partner of KPMG in Singapore and has more than twenty years of accounting and auditing experience.  As an audit and advisory partner, Yee Peng was closely involved in providing accounting and advisory services to her clients in both the private and public sectors.  She also acted as the Reporting Accountant and auditor for several companies listed on the Singapore Exchange. During her stay as a partner in KPMG, Yee Peng was also appointed as the partner in charge of its Professional Practice Department which is responsible for the technical and professional standards of the Firm as well as the partner for the firm’s Learning & Development department which oversees the developmental needs of its 2,000 staff. 

Yee Peng holds a Bachelor of Accountancy (First Class Honours) degree from the Nanyang Technological University and is a Fellow of the Institute of Singapore Chartered Accountants and a member of the Singapore Institute of Directors.

Upcoming Schedule

Registration is closed

Date & Time

21 Oct 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Assoc Prof Tan Yee Peng

Venue

137 Cecil Street
Level 4
Cecil Building
Singapore 069537