SkillsFuture Credit, UTAP Funding
Programme ObjectiveTo discuss and illustrate the issues related to the preparation and presentation of consolidated financial statements in the Singapore context. After this two-day course, participants should be able to prepare the consolidated statement of financial statement (balance sheet) and the consolidated statement of profit or loss and other comprehensive income (profit or loss account) in compliance with the latest Singapore legal and accounting requirements.
Day 1Introductioncontrol conceptwho has to present consolidated financial statementswho is exemptedBasic consolidation issuesadd acrossfair value adjustmentgoodwill on consolidationnon-controlling interestspre-acquisition and post-acquisition reservesinter-company transactionsSpecific issuespiecemeal acquisitionacquisition of additional shares in subsidiarydisposal of shares in subsidiary without losing controldisposal of shares in subsidiary and lost controlDay 2Complex group structurefather-son-grandson structureconnecting affiliationsdifferent dates of acquisitionsInvestment in associates equity accountingchanges in shareholdingInvestment in joint arrangementsjoint operationsjoint venturesForeign subsidiaries, associates and joint venturestranslation issuesconsolidation issuesTraining MethodologyLecture style, with Exercises/Case Studies, Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
Day 1
Day 2
Training MethodologyLecture style, with Exercises/Case Studies, Quiz / Knowledge CheckClosing Date for Registration1 week before programme or until full enrolment
Accountants who have to prepare consolidated financial statements and auditors who have to verify the appropriateness of the consolidated financial statements.
1] SkillsFuture Credit (SFC)Funding Period: Until 08 Apr 2023Course Reference Number: TGS-2020501118
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 www.myskillsfuture.gov.sg)
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 08 Apr 2023Funded Hours: 14 hoursCourse Reference Number: TGS-2020501118
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. To find out more on the UTAP funding and support validity period, please click here. Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008
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This Course is Intended for CA Singapore Users..
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)