Course Detail()

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Classroom

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 March 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 01032024_DFFISCA 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.

Schedule & Fees

Testimonial

Funding

No funding Available!

Programme Facilitator(s)

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 March 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 01032024_DFFISCA 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.

Programme Facilitator(s)


No course instances or course instance sessions available.