Course Detail(CS018ET : Director Financial Reporting Fundamentals)
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CS018ET : Director Financial Reporting Fundamentals

7.00 CPE Hours (Others)
Classroom
In Collaboration with:  

Programme Enrolment
This programme is organised in collaboration with the Singapore Institute of Directors (SID). The course enrolment will be processed by SID.

To enrol for the September 2024 intake, please click on the <Enrol Now> button on the right column and you will be redirected to SID's website. (For ISCA members, please use the promo code ISCADFF060924 to enrol in order to enjoy the member's rate.)


A Key Focus Area When Reviewing Financial Statements
SID and ISCA have partnered to present the Director Financial Reporting Essentials training course, a one-day course equipping directors of listed and non-listed companies, who have limited or no financial or accounting background, with basic accounting knowledge and financial reporting skills as well as practical tips and considerations when reviewing their company’s financial statements for approval.

Through case studies and related discussions on situations involving financial and accounting matters, participants will learn what questions to ask, what to watch out for and why they should be looking at these areas.
 
Background
In 2011 ACRA established the Financial Reporting Surveillance Programme (FRSP) to review the financial statements of selected companies. The financial reporting course was part of ACRA’s strategic plans to work with industry and key stakeholders to ensure that the market remains confident in the level of transparency, integrity and quality of financial reporting. Directors were therefore strongly encouraged to attend the Director Financial Reporting Fundamentals course.

Programme Outline

  • Directors’ duty in preparing true and fair financial statements
  • Directors’ duty in implementing internal controls
  • Key focus areas when reviewing financial statements
    • Financial statements prepared in a going concern basis
    • Presentation of Statement Position
    • Revenue – timing of recognising revenue
    • Fictitious revenue and prepayment
    • Impairment of assets and judgemental estimates
    • Provision – liabilities of uncertain nature
    • Disclosure in the note – credit risk, fair value measurement
    • Investment in other companies’ equities
    • Presentation of Statement of Cash Flow
    • Common accounting mistakes


Training Methodology
Classroom


Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Directors of listed and non-listed companies, who have limited or no financial reporting background.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees
Date & Time

06 Sep 2024 (9:00 AM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 675.80
For Non-Members: $ 850.20

Programme Facilitator(s)

Team of Professionals (CS018ET)

Venue

Parkroyal Collection Marina Bay, 6 Raffles Boulevard Singapore 039594
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Daniel Chee
Fellow CA (Singapore)

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia. He is an adjunct associate professor in NUS Business School.

Mr Chee was a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Or
 
Edgar Wong Mun Wai
Fellow CA (Singapore)
 
Edgar held positions in banking, insurance and property sectors; and managed projects and business units over several jurisdictions. He has worked in Standard Chartered Bank and NTUC Income.
 
Currently, his firm is providing professional services to small and medium enterprises on finance, tax and business development issues. He is also appointed in different capacities to oversee administrative and finance responsibilities in businesses.  
 
Edgar is also active in the area of education. He is appointed lecturer to ACCA, ATTS and degree programmes with premier education providers in Singapore. He specializes in financial and management accounting; and taxation.
 

Programme Enrolment
This programme is organised in collaboration with the Singapore Institute of Directors (SID). The course enrolment will be processed by SID.

To enrol for the September 2024 intake, please click on the <Enrol Now> button on the right column and you will be redirected to SID's website. (For ISCA members, please use the promo code ISCADFF060924 to enrol in order to enjoy the member's rate.)


A Key Focus Area When Reviewing Financial Statements
SID and ISCA have partnered to present the Director Financial Reporting Essentials training course, a one-day course equipping directors of listed and non-listed companies, who have limited or no financial or accounting background, with basic accounting knowledge and financial reporting skills as well as practical tips and considerations when reviewing their company’s financial statements for approval.

Through case studies and related discussions on situations involving financial and accounting matters, participants will learn what questions to ask, what to watch out for and why they should be looking at these areas.
 
Background
In 2011 ACRA established the Financial Reporting Surveillance Programme (FRSP) to review the financial statements of selected companies. The financial reporting course was part of ACRA’s strategic plans to work with industry and key stakeholders to ensure that the market remains confident in the level of transparency, integrity and quality of financial reporting. Directors were therefore strongly encouraged to attend the Director Financial Reporting Fundamentals course.

Programme Outline

  • Directors’ duty in preparing true and fair financial statements
  • Directors’ duty in implementing internal controls
  • Key focus areas when reviewing financial statements
    • Financial statements prepared in a going concern basis
    • Presentation of Statement Position
    • Revenue – timing of recognising revenue
    • Fictitious revenue and prepayment
    • Impairment of assets and judgemental estimates
    • Provision – liabilities of uncertain nature
    • Disclosure in the note – credit risk, fair value measurement
    • Investment in other companies’ equities
    • Presentation of Statement of Cash Flow
    • Common accounting mistakes


Training Methodology
Classroom


Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Directors of listed and non-listed companies, who have limited or no financial reporting background.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Daniel Chee
Fellow CA (Singapore)

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia. He is an adjunct associate professor in NUS Business School.

Mr Chee was a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Or
 
Edgar Wong Mun Wai
Fellow CA (Singapore)
 
Edgar held positions in banking, insurance and property sectors; and managed projects and business units over several jurisdictions. He has worked in Standard Chartered Bank and NTUC Income.
 
Currently, his firm is providing professional services to small and medium enterprises on finance, tax and business development issues. He is also appointed in different capacities to oversee administrative and finance responsibilities in businesses.  
 
Edgar is also active in the area of education. He is appointed lecturer to ACCA, ATTS and degree programmes with premier education providers in Singapore. He specializes in financial and management accounting; and taxation.
 

Upcoming Schedule

Date & Time

06 Sep 2024 (9:00 AM - 5:30 PM)
Fee (inclusive of GST)

For Members: $ 675.80
For Non-Members: $ 850.20

Programme Facilitator(s)

Team of Professionals (CS018ET)

Venue

Parkroyal Collection Marina Bay, 6 Raffles Boulevard Singapore 039594
Singapore


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