Course Detail(A113 : SFRS for Small Entities: The Practical SME Accounting Toolkit)

A113 : SFRS for Small Entities: The Practical SME Accounting Toolkit

14.00 CPE Hours (Category 1)
Classroom

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

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


 
Programme Objective

The Accounting Standards Council has adopted the International Financial Reporting Standard for Small and Medium-sized Entities (“IFRS for SMEs”) as the Singapore Financial Reporting Standard for Small entities (“SFRS for small entities”) as at 30 November 2010. This programme provides a practical toolkit to prepare participants to implement SME Accounting using the simplified standards.

Specific Objectives:

  1. To provide a clear guideline on implementing SFRS for Small entities
  2. To enable participants in understanding the requirements of SFRS for Small Entities
  3. To prepare participants to migrate to SFRS for Small Entities with a clear understanding on the differences compared to Full IFRS
  4. To provide a quick solution in implementation at the participants’ workplace with a ready to use toolkit

Programme Outline

  • Understand the recognition criteria and the necessary disclosures required in SFRS for Small Entities
  • Use the toolkit to implement SFRS for small entities in their workplace
  • Identify entities that qualify to use SFRS for small entities
  • Learn how to use SFRS for small entities recommended Presentation and disclosure checklist in ensuring completeness and compliance
  • Differentiate the SFRS for small entities from Full SFRS and able to notice the significant reduction in disclosures and treatment
  • Learn with illustrations used in current practitioners, to ease implementations
  • Transit to SFRS for small entities with minimal disruptions and better prepared with this enhanced knowledge
  • View and peruse SFRS for small entities swiftly, all in two days.


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 Accounting and Audit professionals. Those who are keen to apply the simplified Accounting Standards for SMEs are welcome to attend.

Competency Mapping

Category 1 = 14.00 Hours

Schedule & Fees

Date & Time

07 Nov 2019 (9:00 AM - 5:00 PM)
08 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

11 Dec 2018 (9:00 AM - 5:00 PM)
12 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

12 Dec 2017 (9:00 AM - 5:00 PM)
13 Dec 2017 (9:00 AM - 5:00 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.

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

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


 
Programme Objective

The Accounting Standards Council has adopted the International Financial Reporting Standard for Small and Medium-sized Entities (“IFRS for SMEs”) as the Singapore Financial Reporting Standard for Small entities (“SFRS for small entities”) as at 30 November 2010. This programme provides a practical toolkit to prepare participants to implement SME Accounting using the simplified standards.

Specific Objectives:

  1. To provide a clear guideline on implementing SFRS for Small entities
  2. To enable participants in understanding the requirements of SFRS for Small Entities
  3. To prepare participants to migrate to SFRS for Small Entities with a clear understanding on the differences compared to Full IFRS
  4. To provide a quick solution in implementation at the participants’ workplace with a ready to use toolkit

Programme Outline

  • Understand the recognition criteria and the necessary disclosures required in SFRS for Small Entities
  • Use the toolkit to implement SFRS for small entities in their workplace
  • Identify entities that qualify to use SFRS for small entities
  • Learn how to use SFRS for small entities recommended Presentation and disclosure checklist in ensuring completeness and compliance
  • Differentiate the SFRS for small entities from Full SFRS and able to notice the significant reduction in disclosures and treatment
  • Learn with illustrations used in current practitioners, to ease implementations
  • Transit to SFRS for small entities with minimal disruptions and better prepared with this enhanced knowledge
  • View and peruse SFRS for small entities swiftly, all in two days.


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 Accounting and Audit professionals. Those who are keen to apply the simplified Accounting Standards for SMEs are welcome to attend.

Competency Mapping

Category 1 = 14.00 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

07 Nov 2019 (9:00 AM - 5:00 PM)
08 Nov 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Jessica Hong

Venue

137 Cecil Street
Level 4
Cecil Building
Singapore 069537