Course Detail(A221 : Accounting for Government Grants under SB-FRS/FRS 20 and its related Interpretations and Guidance (Classroom))

A221 : Accounting for Government Grants under SB-FRS/FRS 20 and its related Interpretations and Guidance (Classroom)

3.50 CPE Hours (Category 1)
Classroom

Programme Objective
 
To provide accounting, finance and audit professional with guidance on the Accounting for Government Grants. This course will also cover the key financial statement reporting and disclosure requirement for government grants.

Programme Outline

 1. To walkthrough key provisions and discuss practical issues in application with illustration on the following grant standards/guidance:

  • SB-FRS/FRS 20 – Accounting for government grants and Disclosure of government assistance
  • INT SB-FRS 10/INT FRS 10 - Government assistance – No specific relation to operating activities
  • SB-FRS Guidance notes related to government grants

 2. Training will focus on the following key concepts with illustrations:

  • Definition
  • Government grants (e.g. operating, capital and other types)
  • Non-monetary government grants
  • Presentation of grants related to assets
  • Presentation of grants related to income
  • Prepayment of government grants
  • Government assistance

 3. To illustrate using case study on common pitfalls to take note on recognition, measurement and accounting of government grants in relation to:

  • Operating grants
  • Development grants
  • Capital grants
  • Government assistance
  • Subsidized loans
  • Subventions
  • General, designated and restricted grants
  • Donations 
  • Sponsorship

4. To discuss/illustrate with examples/case studies on accounting of the major grants available from government/statutory boards such as

  • SPRING
  • EDB
  • IE

5. Using examples to illustrate key financial statement reporting and disclosure requirement for government grants
 
Training Methodology
 
Lecture style with exercises, practical case studies and problems-based-learning
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

This programme is intended for Practising and Non-Practising Accountants, finance and audit professional who want to have an understanding of the accounting for government grants.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

05 Nov 2025 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)


SGD pricing -

For Members: $ 276.86
For Non-Members: $ 330.27


Programme Facilitator(s)

Dr Chinnu Palanivelu (B)

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Dr Chinnu Palanivelu, PA (ACRA), FCA (Singapore), CA (England &Wales), CPA (Aust.), FCCA, CMA, CFE, DBA, MBA, BSc (Hons)

Dr Chinnu is currently the Managing Partner of Stamford group of companies that involved audit, financial reporting, tax, management consulting, company secretarial work and risk advisory. He is a practice member Institute of Singapore Chartered Accountants (ISCA) and practising Public Accountants from ACRA. 

He also appointed faculty member of various academic and professional institutions including James Cook University, University of Greenwich, LSBF, Kaplan, SIT, Singapore Accountancy Commission, ISCA, ACCA, ICAEW and Singapore Institute of Auditors. Dr Chinnu completed specialised Diploma in Tax, IFRS, SSA and adult trainings and teaching in higher education.

Dr Chinnu developed expertise in government grant related work. He is technical trainer and facilitator at ISCA on the various audit and financial reporting subject including audit and accounting of government grants where he trained few thousands of practitioners and finance professional. Dr Chinnu managed statutory audit of SPRING Singapore and IPOS for 5 years where he reviewed and audited various government grant process and applications. He also acted as statuary auditor for few trade associations and also respective SME centres.  Dr Chinnu also audited more than 100 societies, charities, IPCs, and Company Limited Guaranties that have significant amount of governance grants. Dr Chinnu registered Practising Management Consultant which is one of prerequisite certificate for certain ESG’s grants for application and processing 

Dr Chinnu served about 10 years in the Board and advisory committees of Ministry of Education, Ministry of Social and Family Development, Ministry of Culture, Community and Youth and Youth Corp Singapore. Dr Chinnu served more than 12 years in the grassroots in various position including auditor and Treasurer. For his contribution to grassroots, he was awarded PA Long Service Award and National Day Honour Medal. Dr chinnu also received recognition letter from ministries such as MSF and MOE, NS Gold status recognition and Total Defence award from Ministry of Defence.

 

Dr Chinnu currently serves on the Board of Directors/Executive committee of SCAPE Ltd, Rotary Foundation of Singapore Ltd, Singapore South Asia Chamber of Commerce and Industry, Rotatory Club of Singapore East, Tapestry Project Ltd, Abdul Kalam Vision Society and Societies of Kalaipithers. He was served Board of Directors of Association of Persons with Special Needs, Singapore National Paralympic Council, SHINE Childers and Youth Service, Breast Cancer Foundation and Singapore Taekwondo Foundation. 
 

He also served/serving Chairman or member of audit committee of Association of Persons with Special Needs, Singapore Taekwondo Foundation, Singapore Disability Sports Council, National Volunteer & Philanthropy Centre, SCAPE Ltd and Breast Cancer Foundation. 
 

He also served/serving Treasurer of Rotary Foundation of Singapore Ltd, Societies of Kalaipithers, Tapestry Project Ltd and Abdul Kalam Vision Society. 
 

He also served/serving Chairman/member of finance committee of Singapore National Paralympic Council, Singapore South Asia Chamber of Commerce and Industry, Association of Persons with Special Needs, Tapestry Project Ltd, Abdul Kalam Vision Society and Societies of Kalaipithers.
 

Dr Chinnu also served Honorary Secretary of Societies of Kalaipithers and Breast Cancer Foundation.
 

He also served management committee/advisory of various education institutions such as ACCA, Singapore Accountancy Academy Global Education, London School of Business and Finance and Association of Certified Fraud Examiners.
 

Dr Chinnu also appointed as Honorary Auditor of Singapore Indian Educational Trust, Abdul Kalam Vision Society, Global Organisation of People of Indian Origin, Societies of Kalaipithers and Guild of International Speakers and Trainers.
 

Chinnu was awarded Lifelong Learner Award by President of Singapore and received recognition from several institutions such as the ACCA, NCSS, APSN and SHINE. Dr Chinnu conferred Global Guru Award for his teaching, training and impact made to his participants. For his contribution to the society, non-profit institutions and nation building, he was awarded Honorary Doctorate degree (Doctor of Letters).
 

Dr Chinnu also conferred Global Leadership Award and under his Leadership, Stamford Assurance group awarded SME 500 award, Best Practice Firm award under SMP category by the Legacy International and Singapore 100 Entrepreneurs award 

Programme Objective
 
To provide accounting, finance and audit professional with guidance on the Accounting for Government Grants. This course will also cover the key financial statement reporting and disclosure requirement for government grants.

Programme Outline

 1. To walkthrough key provisions and discuss practical issues in application with illustration on the following grant standards/guidance:

  • SB-FRS/FRS 20 – Accounting for government grants and Disclosure of government assistance
  • INT SB-FRS 10/INT FRS 10 - Government assistance – No specific relation to operating activities
  • SB-FRS Guidance notes related to government grants

 2. Training will focus on the following key concepts with illustrations:

  • Definition
  • Government grants (e.g. operating, capital and other types)
  • Non-monetary government grants
  • Presentation of grants related to assets
  • Presentation of grants related to income
  • Prepayment of government grants
  • Government assistance

 3. To illustrate using case study on common pitfalls to take note on recognition, measurement and accounting of government grants in relation to:

  • Operating grants
  • Development grants
  • Capital grants
  • Government assistance
  • Subsidized loans
  • Subventions
  • General, designated and restricted grants
  • Donations 
  • Sponsorship

4. To discuss/illustrate with examples/case studies on accounting of the major grants available from government/statutory boards such as

  • SPRING
  • EDB
  • IE

5. Using examples to illustrate key financial statement reporting and disclosure requirement for government grants
 
Training Methodology
 
Lecture style with exercises, practical case studies and problems-based-learning
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

This programme is intended for Practising and Non-Practising Accountants, finance and audit professional who want to have an understanding of the accounting for government grants.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Dr Chinnu Palanivelu, PA (ACRA), FCA (Singapore), CA (England &Wales), CPA (Aust.), FCCA, CMA, CFE, DBA, MBA, BSc (Hons)

Dr Chinnu is currently the Managing Partner of Stamford group of companies that involved audit, financial reporting, tax, management consulting, company secretarial work and risk advisory. He is a practice member Institute of Singapore Chartered Accountants (ISCA) and practising Public Accountants from ACRA. 

He also appointed faculty member of various academic and professional institutions including James Cook University, University of Greenwich, LSBF, Kaplan, SIT, Singapore Accountancy Commission, ISCA, ACCA, ICAEW and Singapore Institute of Auditors. Dr Chinnu completed specialised Diploma in Tax, IFRS, SSA and adult trainings and teaching in higher education.

Dr Chinnu developed expertise in government grant related work. He is technical trainer and facilitator at ISCA on the various audit and financial reporting subject including audit and accounting of government grants where he trained few thousands of practitioners and finance professional. Dr Chinnu managed statutory audit of SPRING Singapore and IPOS for 5 years where he reviewed and audited various government grant process and applications. He also acted as statuary auditor for few trade associations and also respective SME centres.  Dr Chinnu also audited more than 100 societies, charities, IPCs, and Company Limited Guaranties that have significant amount of governance grants. Dr Chinnu registered Practising Management Consultant which is one of prerequisite certificate for certain ESG’s grants for application and processing 

Dr Chinnu served about 10 years in the Board and advisory committees of Ministry of Education, Ministry of Social and Family Development, Ministry of Culture, Community and Youth and Youth Corp Singapore. Dr Chinnu served more than 12 years in the grassroots in various position including auditor and Treasurer. For his contribution to grassroots, he was awarded PA Long Service Award and National Day Honour Medal. Dr chinnu also received recognition letter from ministries such as MSF and MOE, NS Gold status recognition and Total Defence award from Ministry of Defence.

 

Dr Chinnu currently serves on the Board of Directors/Executive committee of SCAPE Ltd, Rotary Foundation of Singapore Ltd, Singapore South Asia Chamber of Commerce and Industry, Rotatory Club of Singapore East, Tapestry Project Ltd, Abdul Kalam Vision Society and Societies of Kalaipithers. He was served Board of Directors of Association of Persons with Special Needs, Singapore National Paralympic Council, SHINE Childers and Youth Service, Breast Cancer Foundation and Singapore Taekwondo Foundation. 
 

He also served/serving Chairman or member of audit committee of Association of Persons with Special Needs, Singapore Taekwondo Foundation, Singapore Disability Sports Council, National Volunteer & Philanthropy Centre, SCAPE Ltd and Breast Cancer Foundation. 
 

He also served/serving Treasurer of Rotary Foundation of Singapore Ltd, Societies of Kalaipithers, Tapestry Project Ltd and Abdul Kalam Vision Society. 
 

He also served/serving Chairman/member of finance committee of Singapore National Paralympic Council, Singapore South Asia Chamber of Commerce and Industry, Association of Persons with Special Needs, Tapestry Project Ltd, Abdul Kalam Vision Society and Societies of Kalaipithers.
 

Dr Chinnu also served Honorary Secretary of Societies of Kalaipithers and Breast Cancer Foundation.
 

He also served management committee/advisory of various education institutions such as ACCA, Singapore Accountancy Academy Global Education, London School of Business and Finance and Association of Certified Fraud Examiners.
 

Dr Chinnu also appointed as Honorary Auditor of Singapore Indian Educational Trust, Abdul Kalam Vision Society, Global Organisation of People of Indian Origin, Societies of Kalaipithers and Guild of International Speakers and Trainers.
 

Chinnu was awarded Lifelong Learner Award by President of Singapore and received recognition from several institutions such as the ACCA, NCSS, APSN and SHINE. Dr Chinnu conferred Global Guru Award for his teaching, training and impact made to his participants. For his contribution to the society, non-profit institutions and nation building, he was awarded Honorary Doctorate degree (Doctor of Letters).
 

Dr Chinnu also conferred Global Leadership Award and under his Leadership, Stamford Assurance group awarded SME 500 award, Best Practice Firm award under SMP category by the Legacy International and Singapore 100 Entrepreneurs award 


Upcoming Schedule

Date & Time

05 Nov 2025 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)


SGD pricing -

For Members: $ 276.86
For Non-Members: $ 330.27


Programme Facilitator(s)

Dr Chinnu Palanivelu (B)

Venue

60 Cecil Street
ISCA House
Singapore 049709