SDF Funding, SkillsFuture Credit, UTAP Funding
Programme Overview The principles of accounting Standards are constantly evolving due to the improvements, amendments and issuance of new Standards in order to account for the complex and diverse business environments. Keeping up to date with the practices of accounting Standards under such dynamic environment is a daunting task for every accountant in practice. This seminar attempts to make the task easier by giving an overview of the principles in the selected Standards and most important of all how these principles are being interpreted in light to contemporary practices. Accounting Standards Council of Singapore issued a new reporting framework ‘Singapore Financial Reporting Standards (International)’ [SFRS(I)]. These Standards are equivalent to International Financial Reporting Standards (IFRS). The SFRS(I) that are applicable for financial period beginning on or after 1 January 2018. Compliance with SFRS(I) is mandatory for companies listed in SGX for annual financial period beginning on or after 1 January 2018. Programme Objective The seminar gives a practical analysis and review of selected FRSs and IFRSs. It is intended for busy professionals requiring a refresher course on the technical principles of Financial Reporting Standards and their applications in accordance with Generally Accepted Accounting Practice in Singapore. The seminar uses practical scenarios to address the complex issues of interpreting the principles of the Standards. It highlights areas where practitioners may come to different interpretations and how these differences may be overcome based on past experience and the use of judgement derived from the “Framework”.
IFRSSFRS(I)FRSPART IOVERVIEW AND ANALYSIS OF SELECTED FINANCIAL REPORTING ISSUES PRESENTATION AND DISLCOSURE OF FINANCIAL STATEMENTS IAS 1SFRS(I) 1-1FRS1Presentation of Financial StatementsIAS 7SFRS(I) 1-7FRS7Statement of Cash Flows IAS 24SFRS(I) 1-24FRS24Related Party Disclosures REVENUE AND OTHER TRANSACTIONS AND EVENTSIFRS 15IFRS 15FRS115Revenue from Contracts with Customers (Effective 1 January 2018)IAS 8 SFRS(I) 1-8 FRS8Accounting Policies, Changes in Accounting Estimates and Errors IAS 10SFRS(I) 1-10FRS10Events After the Reporting Period STANDARDS AFFECTING MEASUREMENTIAS 21SFRS(I) 1-21FRS21The Effect of Changes in Foreign Exchange RatesIAS 23SFRS(I) 1-23FRS23Borrowing CostsIFRS 13SFRS(I) 13FRS113Fair Value Measurement PART IIASSETS AND LIABILITIES ACCOUNTING FOR NON-CURRENT ASSETSIAS 16SFRS(I) 1-16FRS16Property, Plant and EquipmentIAS 40SFRS(I) 1-40FRS40Investment PropertyIAS 38SFRS(I) 1-38FRS38Intangible AssetsIAS 36SFRS(I) 1-36FRS36Impairment of AssetsIFRS 5SFRS(I) 5FRS105Non-current Assets Held for Sale and Discontinued Operations ACCOUNTING FOR OBLIGATIONSIAS 37SFRS(I) 1-37FRS37Provisions, Contingent Liabilities and Contingent AssetsIAS 20SFRS(I) 1-20FRS20Accounting for Government Grants and Disclosure of Government AssistanceIFRS 16SFRS(I) 16FRS116Leases (Effective 1 January 2019) PART IIIFINANCIAL INSTRUMENTS AND ACCOUNTING FOR INVESTMENT INTERESTS FINANCIAL INSTRUMENTSIAS 32SFRS(I) 1-32FRS32Financial Instruments: PresentationIFRS 7SFRS(I) 7FRS107Financial Instruments: DisclosureIFRS 9SFRS(I) 9FRS109Financial Instruments (Effective 1 January 2018) BUSINESS COMBINATIONS AND SUBSTANTIAL INVESTMENT INTERESTIFRS 3SFRS(I) 3FRS103Business CombinationsIAS 27SFRS(I) 1-27FRS27Separate Financial StatementsIAS 28SFRS(I) 1-28FRS28Investments in Associates and Joint VenturesIFRS 10SFRS(I) 10FRS110Consolidated Financial StatementsIFRS 11SFRS(I) 11FRS111Joint ArrangementIFRS 12SFRS(I) 12FRS112Disclosure of Interest in Other Entities Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions. Closing Date for Registration1 week before programme or until full enrolment
Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions. Closing Date for Registration1 week before programme or until full enrolment
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 concise practical course that can comprehensively cover and/or provide a refresher of the principles of IFRS, SFRS(I) and FRS, as well as a discussion on the potential changes and updates on the current Generally Accepted Accounting Practice are welcome to attend.
Category 1 = 14.00 Hours
02 Oct 2019 (9:00 AM - 5:00 PM)03 Oct 2019 (9:00 AM - 5:00 PM)
Registration is closed
09 May 2019 (9:00 AM - 5:00 PM)10 May 2019 (9:00 AM - 5:00 PM)
04 Oct 2018 (9:00 AM - 5:00 PM)05 Oct 2018 (9:00 AM - 5:00 PM)
1] SkillsFuture Credit (SFC)Funding Period: Until 04 Apr 2021Course Reference Number: TGS-2020501918
All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees.
On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)
If you wish to enrol for the course with SFC Funding, please proceed with the following steps:
Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.
2] WDA Training Grant - SDF FundingThis course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply).
Funding Period: Until 04 Apr 2021Funded Hours: 14 hoursCourse Reference Number: TGS-2020501918
If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :
For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.
For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.
Remarks
• Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).
Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.
The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.
Please note that there will be an administrative fee of $42.80 for any revision of invoice.
Eligibility Criteria:
3] 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.
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
For Members: $ 620.60 For Non-Members: $ 736.16
137 Cecil StreetLevel 4Cecil BuildingSingapore 069537
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
05 Mar 2021 - 05 Mar 2021
08 Mar 2021 - 08 Mar 2021