To help businesses survive the devastating effects of COVID-19, the Singapore Government has launched a slew of COVID-19 relief measures through the Unity, Resilience, Solidarity and Fortitude Budgets.
ISCA, through its Financial Reporting Committee (FRC) and COVID-19 Working Group (set up in collaboration with ACRA), has held various deliberations on areas of uncertainties arising from the accounting of key relief measures – Property Tax Rebate for 2020, Jobs Support Scheme and Rental Relief Framework for SMEs. Guidance is then provided on these areas of uncertainties through the various Financial Reporting Bulletins (FRBs) and COVID-19 Technical FAQs issued by ISCA.
During this one-hour webinar, ISCA FRC Chairman, together with ISCA Technical Deputy Director and ISCA Technical Manager*, will share key insights from the various guidance issued and thought processes underpinning the development of the guidance.
The key takeaways for participants of this webinar are as follows:
- Understand the accounting implications arising from the COVID-19 government relief measures
- Learn how these accounting implications are addressed in the FRBs and COVID-19 Technical FAQs
- Get a glimpse of the key thought processes and deliberations behind the development of these guidance
* Please note that speakers may be subject to change without further notice
Programme Outline
Duration | Event |
10.00am – 10.05 am (5 minutes) | Opening Address Ms Lim Ju May, Deputy Director, ISCA Technical Division |
10.05 am – 10.20 am
(15 minutes) | Presentation 1: Accounting for the Rental Relief Framework for Small and Medium Enterprises and specified Non-Profit Organisations & COVID-19 Technical FAQs Mr Reinhard Klemmer, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Financial Reporting Committee; Partner, KPMG LLP |
10.20 am – 10.35 am
(15 minutes)
| Presentation 2: Accounting for the Property Tax Rebate Ms Lim Ju May, Deputy Director, ISCA Technical Division |
10.35 am – 10:50 am
(15 minutes) | Presentation 3: Accounting for the Jobs Support Scheme Ms Felicia Tay, Manager, ISCA Technical Division |
10.50 am – 11:00 am
(10 minutes) | Closing Address and Key Takeaways Mr Reinhard Klemmer, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Financial Reporting Committee; Partner, KPMG LLP |
Note: The above programme may be subject to change without further notice*
Training Methodology
Presentation style with each of the speakers taking turns to present.
Venue
Important Notice: In view of the COVID-19 situation and to minimize the risk of community spread, we would like to inform you that the format of the seminar will be held as a live webinar. The live webinar will be web-based and accessible via desktops, laptops and any other mobile devices. For all registrants, a detailed set of instructions on how to access the webinar will be sent before the start of the live webinar.
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
Both PAIPPs and PAIBs
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
To help businesses survive the devastating effects of COVID-19, the Singapore Government has launched a slew of COVID-19 relief measures through the Unity, Resilience, Solidarity and Fortitude Budgets.
ISCA, through its Financial Reporting Committee (FRC) and COVID-19 Working Group (set up in collaboration with ACRA), has held various deliberations on areas of uncertainties arising from the accounting of key relief measures – Property Tax Rebate for 2020, Jobs Support Scheme and Rental Relief Framework for SMEs. Guidance is then provided on these areas of uncertainties through the various Financial Reporting Bulletins (FRBs) and COVID-19 Technical FAQs issued by ISCA.
During this one-hour webinar, ISCA FRC Chairman, together with ISCA Technical Deputy Director and ISCA Technical Manager*, will share key insights from the various guidance issued and thought processes underpinning the development of the guidance.
The key takeaways for participants of this webinar are as follows:
- Understand the accounting implications arising from the COVID-19 government relief measures
- Learn how these accounting implications are addressed in the FRBs and COVID-19 Technical FAQs
- Get a glimpse of the key thought processes and deliberations behind the development of these guidance
* Please note that speakers may be subject to change without further notice
Programme Outline
Duration | Event |
10.00am – 10.05 am (5 minutes) | Opening Address Ms Lim Ju May, Deputy Director, ISCA Technical Division |
10.05 am – 10.20 am
(15 minutes) | Presentation 1: Accounting for the Rental Relief Framework for Small and Medium Enterprises and specified Non-Profit Organisations & COVID-19 Technical FAQs Mr Reinhard Klemmer, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Financial Reporting Committee; Partner, KPMG LLP |
10.20 am – 10.35 am
(15 minutes)
| Presentation 2: Accounting for the Property Tax Rebate Ms Lim Ju May, Deputy Director, ISCA Technical Division |
10.35 am – 10:50 am
(15 minutes) | Presentation 3: Accounting for the Jobs Support Scheme Ms Felicia Tay, Manager, ISCA Technical Division |
10.50 am – 11:00 am
(10 minutes) | Closing Address and Key Takeaways Mr Reinhard Klemmer, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Financial Reporting Committee; Partner, KPMG LLP |
Note: The above programme may be subject to change without further notice*
Training Methodology
Presentation style with each of the speakers taking turns to present.
Venue
Important Notice: In view of the COVID-19 situation and to minimize the risk of community spread, we would like to inform you that the format of the seminar will be held as a live webinar. The live webinar will be web-based and accessible via desktops, laptops and any other mobile devices. For all registrants, a detailed set of instructions on how to access the webinar will be sent before the start of the live webinar.
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
Both PAIPPs and PAIBs
Programme Facilitator(s)
