SDF Funding, SkillsFuture Credit
In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar. Please do check the details before confirming your registration for the course/session.The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning". Programme ObjectiveThe basic consolidation training will focus on explaining how to do consolidation for all kinds of associated companies ranging from joint operations to subsidiaries. Starting from the initial recognition of a subsidiary in the group financial statement. Leading up to the subsequent consolidation entries for the future years to come.The training will give a comprehensive introduction into the new concepts of identifying control (FRS 110) highlighting the importance of review of potential voting rights, de-facto control and contractual agreements between shareholders. Furthermore the training will focus on the new concept of joint arrangements (FRS 111) and highlight practical applications and pitfalls in the consolidation methodology of single asset and liabilities consolidation as well as equity accounting.
In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar. Please do check the details before confirming your registration for the course/session.
The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".
The basic consolidation training will focus on explaining how to do consolidation for all kinds of associated companies ranging from joint operations to subsidiaries. Starting from the initial recognition of a subsidiary in the group financial statement. Leading up to the subsequent consolidation entries for the future years to come.
The training will give a comprehensive introduction into the new concepts of identifying control (FRS 110) highlighting the importance of review of potential voting rights, de-facto control and contractual agreements between shareholders. Furthermore the training will focus on the new concept of joint arrangements (FRS 111) and highlight practical applications and pitfalls in the consolidation methodology of single asset and liabilities consolidation as well as equity accounting.
1. Consolidation Framework (Who has to consolidate?) (New Standards FRS110, FRS111 and FRS112)Consolidated Financial Statements – Subsidiaries And AssociatesDetermining Control And Significant InfluenceConsolidation Requirements And Procedures Individual Consolidation techniques (from Associates to Subsidiaries) 2. Identification And Consolidation Of AssociatesEquity Accounting Requirements And ProceduresDisclosures 3. Identification And Consolidation Of Joint Ventures (Joint Arrangements)Equity Accounting Requirements And ProceduresDisclosures 4. Acquisition Accounting – Consolidation of Subsidiaries FRS 27 (R)Year one consolidationRecognizing And Measuring Identifiable Assets Acquired, Liabilities AssumedContingent LiabilitiesLeasing ContractsIntangible AssetsDeferred tax in group FSRecognition Of Non-Controlling InterestRecognizing And Measuring Goodwill Or A Gain From A Bargain PurchaseYear two etc. (following the initial consolidation) 5. Recurring consolidation procedures concerning intercompany loans & Receivables, profit and losses, foreign currency 6. BenefitsPractical Issues: Examine practical issues faced by companies when accounting for consolidationApplication: Answer questions commonly encountered when implementing a consolidation Updates: Stay up-to-date with the latest developments in this area Training MethodologyLecture style, with Exercises / Case Studies Closing Date for Registration1 week before programme or until full enrolment
1. Consolidation Framework (Who has to consolidate?) (New Standards FRS110, FRS111 and FRS112)
Individual Consolidation techniques (from Associates to Subsidiaries) 2. Identification And Consolidation Of Associates
3. Identification And Consolidation Of Joint Ventures (Joint Arrangements)
4. Acquisition Accounting – Consolidation of Subsidiaries FRS 27 (R)
5. Recurring consolidation procedures concerning intercompany loans & Receivables, profit and losses, foreign currency 6. Benefits
Training MethodologyLecture style, with Exercises / Case Studies Closing Date for Registration1 week before programme or until full enrolment
A Foundation Level programme for Accountants,Auditors, Finance Managers & Directors, Chief Financial Officers and Financial Controller and anyone who needs to prepare and verify the appropriateness of consolidated financial statements
Category 1 = 7.00 Hours
18 Sep 2019 (9:00 AM - 5:00 PM)
Registration is closed
30 May 2019 (9:00 AM - 5:00 PM)
04 Dec 2018 (9:00 AM - 5:00 PM)
1] SkillsFuture Credit (SFC)Funding Period: Until 22 Jul 2021Course Reference Number: TGS-2020505516
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 22 Jul 2021Funded Hours: 7 hoursCourse Reference Number: TGS-2020505516
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:
For Members: $ 345.61 For Non-Members: $ 415.16
60 Cecil StreetISCA HouseSingapore 049709
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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