Course Detail()

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

This course is available in both Live Webinar (virtual) and Classroom (physical).

For this session, it will be delivered as CLASSROOM. If you prefer to join the Live Webinar session, please register here.

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.

Schedule & Fees

Testimonial

Funding

No funding Available!

Programme Facilitator(s)

This course is available in both Live Webinar (virtual) and Classroom (physical).

For this session, it will be delivered as CLASSROOM. If you prefer to join the Live Webinar session, please register here.

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.

Programme Facilitator(s)


No course instances or course instance sessions available.