SkillsFuture Credit, UTAP Funding
This session is delivered via live webinar (zoom platform).A detailed set of instructions on the Live Webinar will be sent to you closer to date.Programme ObjectiveThe seminar provides guidance to help participants prepare financial statements using key Financial Reporting Standards (FRS). The primary emphasis of this seminar is to focus on existing financial reporting standards that are widely applicable to a broad spectrum of industries.In addition, the seminar also examines the practical issues and challenges associated with the relatively more complex topics on comprehensive income, impairment of assets, accounting for business combinations, consolidated financial statements and accounting for financial instruments and derivatives.
A detailed set of instructions on the Live Webinar will be sent to you closer to date.Programme ObjectiveThe seminar provides guidance to help participants prepare financial statements using key Financial Reporting Standards (FRS). The primary emphasis of this seminar is to focus on existing financial reporting standards that are widely applicable to a broad spectrum of industries.In addition, the seminar also examines the practical issues and challenges associated with the relatively more complex topics on comprehensive income, impairment of assets, accounting for business combinations, consolidated financial statements and accounting for financial instruments and derivatives.
Preparing Financial Statements using key Financial Reporting Standards (FRS):· FRS 1 – Presentation of Financial Statements· FRS 2 – Inventories· FRS 16 – Property, Plant and Equipment· FRS 23 – Borrowing Costs· FRS 24 – Related Party Disclosures· FRS 36 – Impairment of Assets· FRS 39 – Financial Instruments: recognition and measurement· FRS 103 – Business Combinations· FRS 109 – Financial Instruments· FRS 110 – Consolidated Financial Statements Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance taking Training Methodology Lecture style, with Exercises/Case Studies, Quiz / Knowledge Check Closing Date for Registration1 week before programme or until full enrolment
Preparing Financial Statements using key Financial Reporting Standards (FRS):
· FRS 1 – Presentation of Financial Statements
· FRS 2 – Inventories
· FRS 16 – Property, Plant and Equipment
· FRS 23 – Borrowing Costs
· FRS 24 – Related Party Disclosures
· FRS 36 – Impairment of Assets
· FRS 39 – Financial Instruments: recognition and measurement
· FRS 103 – Business Combinations
· FRS 109 – Financial Instruments
· FRS 110 – Consolidated Financial Statements
Pre-requisites
Please take note of the following admission requirements:
A Foundation to Intermediate level programme suitable for all Practising and Non-Practising Accounting, Audit and Finance Professionals.
Category 1 = 7.00 Hours
27 Jun 2024 (9:00 AM - 5:00 PM)
For Members: $ 318.28 For Non-Members: $ 382.59
1] SkillsFuture Credit (SFC)Funding Period: Until 31 Dec 2024Course Reference Number: TGS-2020500876
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 $43.20 for any revision of invoice.
2] 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
Assoc Prof Lee Kin WaiLee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.
Online Classroom in or outside ofSingapore
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
26 Apr 2024 - 26 Apr 2024
29 Apr 2024 - 29 Apr 2024