Course Detail(E119 : The 7 Deadly Sins in Accounting Ethics)

SDF Funding, SkillsFuture Credit

E119 : The 7 Deadly Sins in Accounting Ethics

7.00 CPE Hours (Category 2)
Classroom

Programme Objective

This programme assesses and re-examines your professional judgment and ethics in accounting practices, ranging from accounting treatment to accounting disclosures.  All participants will role-play in various case studies cum simulations, finding the best way to handle critical situations with integrity.

Juggling between meeting client or stakeholders’ expectations, achieving objectives within budget and complying with the financial reporting standards – all at once, can be near impossible.  Each case study is created and designed, to focus on pertinent ethical issues in light of complex reporting standards.

According to Mahatma Gandhi, Seven Deadly Sins are: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality, Worship without sacrifice.

Perhaps, the Accountant’s deadliest Sin is to create “Numbers without Ethics”.

Programme Outline

  • Importance of Ethics in Financial Reporting and accounting practices

  • The ‘Seven Deadly Sins’ in Accounting Ethics – Where are the potential pitfalls and critical areas the Ethical Accountant needs to pay attention to?

  • Apply Ethics and Professional Judgement in the following areas of accounting:

  • Valuation of Assets

  • Deciding on Assumptions in Fair Value Estimation

  • Concluding the Arrangement as Operating Lease

  • Reviewing Events after Reporting Period

  • Reporting Contingent Liabilities

  • Recognising Revenue

  • Identifying Related Parties

  • Challenges faced in exercising Ethics in the context of accounting


Training Methodology

Interactive Presentation with Case studies and Simulations, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate Level programme is intended for both Practising and Non-Practising Accountants and Auditors. Professionals who like to understand the Ethical challenges faced by accountants ranging from cases in accounting treatment to accounting disclosures are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

05 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jessica Hong

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

05 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

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

Registration is closed

Programme Facilitator(s)

Jessica Hong

Date & Time

28 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jessica Hong

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 5 January 2021
Course Ref No.: CRS-N-0049031

 

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (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:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

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 Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 5 January 2021
Funded Hours: 7 hours
Course Ref No.: CRS-N-0049031

 

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system 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. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

Programme Facilitator(s)


Jessica Hong
CA(M), CPA (Cambodia)


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 Moet Hennessy Singapore, Boston Scientific Singapore, ACCA, Bursa Malaysia, Securities Commission of Malaysia, Sime Darby, British Amoco Chemicals, Maybank, Hwang DBS, CIMB, MSIG, Maxis Communications, United Overseas Bank Malaysia, KICPAA Kampuchea Institute of Certified Accountants and Auditors, OCBC Bank and Agro Bank.

Programme Objective

This programme assesses and re-examines your professional judgment and ethics in accounting practices, ranging from accounting treatment to accounting disclosures.  All participants will role-play in various case studies cum simulations, finding the best way to handle critical situations with integrity.

Juggling between meeting client or stakeholders’ expectations, achieving objectives within budget and complying with the financial reporting standards – all at once, can be near impossible.  Each case study is created and designed, to focus on pertinent ethical issues in light of complex reporting standards.

According to Mahatma Gandhi, Seven Deadly Sins are: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality, Worship without sacrifice.

Perhaps, the Accountant’s deadliest Sin is to create “Numbers without Ethics”.

Programme Outline

  • Importance of Ethics in Financial Reporting and accounting practices

  • The ‘Seven Deadly Sins’ in Accounting Ethics – Where are the potential pitfalls and critical areas the Ethical Accountant needs to pay attention to?

  • Apply Ethics and Professional Judgement in the following areas of accounting:

  • Valuation of Assets

  • Deciding on Assumptions in Fair Value Estimation

  • Concluding the Arrangement as Operating Lease

  • Reviewing Events after Reporting Period

  • Reporting Contingent Liabilities

  • Recognising Revenue

  • Identifying Related Parties

  • Challenges faced in exercising Ethics in the context of accounting


Training Methodology

Interactive Presentation with Case studies and Simulations, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This Intermediate Level programme is intended for both Practising and Non-Practising Accountants and Auditors. Professionals who like to understand the Ethical challenges faced by accountants ranging from cases in accounting treatment to accounting disclosures are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Jessica Hong
CA(M), CPA (Cambodia)


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 Moet Hennessy Singapore, Boston Scientific Singapore, ACCA, Bursa Malaysia, Securities Commission of Malaysia, Sime Darby, British Amoco Chemicals, Maybank, Hwang DBS, CIMB, MSIG, Maxis Communications, United Overseas Bank Malaysia, KICPAA Kampuchea Institute of Certified Accountants and Auditors, OCBC Bank and Agro Bank.

Upcoming Schedule

Date & Time

05 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Jessica Hong

Venue

60 Cecil Street
ISCA House
Singapore 049709