UTAP Funding
Programme Objective To provide Accounting, Finance and Audit professionals with guidance on the accounting for non-profit entities such as clubs, cooperative, societies, business chambers and charities. This course will also cover the key financial statement reporting, disclosure and compliance requirements.
Overview of financial reporting framework for non-profit entities in SingaporeFinancial Reporting StandardsCharities Accounting standardsOther framework for smaller non-profit entitiesWithdrawal of RAP 6 and replacement with CAS Overview of non-profit sector in SingaporeSocieties Cooperative CharitiesClubsBusiness chambers Overview of Business Vehicle for charities in Singapore Companies Act, chapter 50, companies limited by guaranteeSocieties Act, Chapter 311Trustee Act, Chapter 337Co-operative Societies Act, Chapter 62 Compliance requirement for non-profit entities: Key provisions on:Charity ActCharity Act (IPC)Charity Act (account and annual report)Charity Act (large charity)Society ActSociety Regulations Cooperative Societies Rules 2009 Trustee Act Overview of the following Codes of Governance Code of Governance for Registered SocietiesCode of Governance for charities and IPC Overview of internal control for charities and non-profit entitiesLevel of defense Accounting for common finance statement items and its disclosuresDonations designated donations;general donations; and donations in kindsGrant Operating grant; and capital grantFunds trust funds; andgeneral fundsReserve General reserve;Designated reserve; and Restricted reserveDeferred capital grantsGovernment grantsAssets held on trusts Statutory obligation for charities:Annual reportFinancial statementsAGMGovernance instruments Financial reporting and other info to sector administratorFinancial reporting and other info to NCSSTax submission to IRAS Role of sector administrators and other regulators/enablers5 sector administratorsCharity commissioner NCCSROSRegistry of co-operative societies Training MethodologyLecture style with exercises, practical case studies and problems-based-learning Closing Date for Registration1 week before programme or until full enrolment
Overview of financial reporting framework for non-profit entities in Singapore
Overview of non-profit sector in Singapore
Overview of Business Vehicle for charities in Singapore
Compliance requirement for non-profit entities: Key provisions on:
Overview of the following Codes of Governance
Overview of internal control for charities and non-profit entities
Accounting for common finance statement items and its disclosures
Statutory obligation for charities:
Role of sector administrators and other regulators/enablers
This Foundation to Intermediate Level programme is suitable for Accounting, Finance and Audit professionals who would like to achieve a deeper understanding on the issues involved in the accounting for non-profit entities.
1] NTUC Union Training Assistance Programme (UTAP)UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc. This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022. As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.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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