Course Detail(A107 : FRS 23: Borrowing Costs)

A107 : FRS 23: Borrowing Costs

3.50 CPE Hours (Category 1)
Classroom

Programme Objective

To enable participants to understand the core principle of FRS 23 and apply the requirements relating to the accounting and reporting of borrowing costs.

To ensure that participants are able to:

  • Understand the definition of borrowing costs and other relevant terms in FRS 23
  • Understand the rationale for the core principle of FRS 23
  • Identify qualifying asset and the borrowing costs that are eligible for capitalization
  • Determine events that require the capitalization, suspension of capitalization and cessation of capitalization of borrowing costs
  • Determine the amount of borrowing costs that are eligible for capitalization
  • Consider the impact of special situations, e.g. intercompany borrowings
  • Understand the significance of disclosure requirements in FRS 23 

Programme Outline

  • Scope of FRS 23
  • Definition of borrowing costs, qualifying asset and relevant terms in FRS 23
  • Core principle in FRS 23
  • Recognition requirements in FRS 23
    • Determining borrowing costs eligible for capitalization
    • Treatment of excess of carrying amount over the recoverable amount
    • Events relating to commencement of capitalization
    • Special considerations relating to suspension of capitalization
    • Events relating to cessation of capitalization
  • Disclosure requirements

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 both Practising and Non-Practising Accountants.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

10 Nov 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

02 Nov 2015 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

10 Nov 2014 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Jessica Hong

CA(M)  CPA

 

Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.

 

Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.

 

Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.

 

She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.

Programme Objective

To enable participants to understand the core principle of FRS 23 and apply the requirements relating to the accounting and reporting of borrowing costs.

To ensure that participants are able to:

  • Understand the definition of borrowing costs and other relevant terms in FRS 23
  • Understand the rationale for the core principle of FRS 23
  • Identify qualifying asset and the borrowing costs that are eligible for capitalization
  • Determine events that require the capitalization, suspension of capitalization and cessation of capitalization of borrowing costs
  • Determine the amount of borrowing costs that are eligible for capitalization
  • Consider the impact of special situations, e.g. intercompany borrowings
  • Understand the significance of disclosure requirements in FRS 23 

Programme Outline

  • Scope of FRS 23
  • Definition of borrowing costs, qualifying asset and relevant terms in FRS 23
  • Core principle in FRS 23
  • Recognition requirements in FRS 23
    • Determining borrowing costs eligible for capitalization
    • Treatment of excess of carrying amount over the recoverable amount
    • Events relating to commencement of capitalization
    • Special considerations relating to suspension of capitalization
    • Events relating to cessation of capitalization
  • Disclosure requirements

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 both Practising and Non-Practising Accountants.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Jessica Hong

CA(M)  CPA

 

Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.

 

Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.

 

Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.

 

She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.


Upcoming Schedule

Registration is closed

Date & Time

10 Nov 2017 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jessica Hong

Venue

137 Cecil Street
Level 3
Hengda Building
Singapore 069537