Course Detail(A158 : Accounting For Changes In Equity)

A158 : Accounting For Changes In Equity

7.00 CPE Hours (Category 1)
Classroom

Introduction
 
Total equity is presented in a statement of changes in equity under FRS1 and can be broadly categorised into the following five components:
1.         issued share capital component,
2.         accumulated other comprehensive income component,
3.         accumulated profit or loss component,
4.         other equity component and
5.         non-controlling interest component.
 
There are interactions between each of these components of equity as well as interrelationship with other elements of financial statements such assets, liabilities, income and expense. Accounting and presenting each component of equity are complex, for example accounting for accumulated other comprehensive income components are related to the presentation of other comprehensive income with deferred tax element in the statement of profit or loss and other comprehensive income, its movements in subsequent periods such as changes in value and derecognition may result in reclassification adjustments in the statement of profit or loss and other comprehensive. Other complex issues are the distinction between equity and liability financing, equity liability swaps, use of own equity instruments to settle an obligation or to purchase goods and services, changes in value between non-controlling interest and other components of equity etc.
 
Programme Objective
 
This seminar concentrates on two main objectives: first is the complex issue of distinguishing equity and liability and second the accounting for various components of equity and their interrelationship with other components of equity as well as other elements of financial statements

Programme Outline

Contents
 
Preparing statement of changes in equity

  • Understanding components of equity
  • Creating components of equity
  • Movement between component of equity
  • Reclassification of components of equity to profit or loss
  • Effect of taxation on components of equity
  • Recognition and measurement of ‘non-controlling interest’ (NCI) and movements between and other components of equity
  • Treatment of treasury shares
  • The effect of changes in fair value through profit or loss and other comprehensive income
  • Foreign exchange translation differences recognised in other comprehensive income and subsequent maintenance in a component of equity
  • Retrospective adjustments for corrections of prior period errors and changes in accounting policies
 
Effects of hedge accounting on components of equity
  • How to account for fair value hedge reserve and its subsequent movement to other elements of financial statements
  • Net investment hedge on consolidated statement of changes in equity
 
Differentiating equity from liability and their effect on financial ratios
  • Distinction between equity and liability from contractual terms
  • Accounting for raising finds through equity, liability or compound financial instruments
  • Share-based payment
  • Equity and liability swap
  • Distribution of non-cash dividends and their effect on equity and liability
 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that provides a comprehensive coverage on the accounting for equity are welcome to attend.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

04 Oct 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

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

Registration is closed

Programme Facilitator(s)

Danny Tan

Date & Time

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

Registration is closed

Programme Facilitator(s)

Danny Tan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.


Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 

Introduction
 
Total equity is presented in a statement of changes in equity under FRS1 and can be broadly categorised into the following five components:
1.         issued share capital component,
2.         accumulated other comprehensive income component,
3.         accumulated profit or loss component,
4.         other equity component and
5.         non-controlling interest component.
 
There are interactions between each of these components of equity as well as interrelationship with other elements of financial statements such assets, liabilities, income and expense. Accounting and presenting each component of equity are complex, for example accounting for accumulated other comprehensive income components are related to the presentation of other comprehensive income with deferred tax element in the statement of profit or loss and other comprehensive income, its movements in subsequent periods such as changes in value and derecognition may result in reclassification adjustments in the statement of profit or loss and other comprehensive. Other complex issues are the distinction between equity and liability financing, equity liability swaps, use of own equity instruments to settle an obligation or to purchase goods and services, changes in value between non-controlling interest and other components of equity etc.
 
Programme Objective
 
This seminar concentrates on two main objectives: first is the complex issue of distinguishing equity and liability and second the accounting for various components of equity and their interrelationship with other components of equity as well as other elements of financial statements

Programme Outline

Contents
 
Preparing statement of changes in equity

  • Understanding components of equity
  • Creating components of equity
  • Movement between component of equity
  • Reclassification of components of equity to profit or loss
  • Effect of taxation on components of equity
  • Recognition and measurement of ‘non-controlling interest’ (NCI) and movements between and other components of equity
  • Treatment of treasury shares
  • The effect of changes in fair value through profit or loss and other comprehensive income
  • Foreign exchange translation differences recognised in other comprehensive income and subsequent maintenance in a component of equity
  • Retrospective adjustments for corrections of prior period errors and changes in accounting policies
 
Effects of hedge accounting on components of equity
  • How to account for fair value hedge reserve and its subsequent movement to other elements of financial statements
  • Net investment hedge on consolidated statement of changes in equity
 
Differentiating equity from liability and their effect on financial ratios
  • Distinction between equity and liability from contractual terms
  • Accounting for raising finds through equity, liability or compound financial instruments
  • Share-based payment
  • Equity and liability swap
  • Distribution of non-cash dividends and their effect on equity and liability
 
Training Methodology
Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that provides a comprehensive coverage on the accounting for equity are welcome to attend.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Danny Tan

Danny has over 30 years of experience in public practice, commerce and industry. He was trained with a firm of Chartered Accountants in London where he worked for over 10 years in the audit and consultancy. He also held the positions of business development and business operation manager with two UK multinational companies based in London for 5 years. Danny specialises in International Financial Reporting Standards (IFRSs) and in the last 15 years he is a partner of a firm providing training and consulting in the areas of preparing and presenting financial statements in accordance with IFRSs.


Danny holds an Honours Degree in Economics (major in finance and investment) from Manchester Metropolitan University (UK), MBA from Heriot-Watt University (UK) and Master in Advance Business Practice from University of South Australia. He is a fellow member of Chartered Instituted of Management Accountants, a fellow member of Association of Chartered Certified Accountants, a member of Malaysian Institute of Accountants and an associate member of Chartered Tax Institute of Malaysia.
 

Upcoming Schedule

Registration is closed

Date & Time

04 Oct 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Danny Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709