UTAP Funding
The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.This course is formerly known as Financial Reporting for Listed Companies (IFRS-Identical FRSs: Equivalent of IAS 1, IAS 33, IAS 34 & IFRS 8)IntroductionPresenting a set of financial statements for a company listed in stock exchange is inherently complex and risky. Preparers are required to exercise considerable professional judgement in deciding the quantitative and qualitative information needed to provide fair presentation for the users of financial statements. This seminar selected four SFRS(I)s that frequently used by listed companies in presenting annual financial statements and interim financial statements. Programme ObjectiveThe seminar analyses the technical requirements in each of the four main areas of financial reporting for listed companies:Presenting and disclosure for annual financial statementsPresentation and disclosure for interim financial reportsPresentation and disclosure of earning per sharesIdentifying and disclosing operating segmentsThe seminar explains how to compute the necessary financial information in accordance with the relevant SFRS(I)s and to present such information in the most effective manner.
The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.This course is formerly known as Financial Reporting for Listed Companies (IFRS-Identical FRSs: Equivalent of IAS 1, IAS 33, IAS 34 & IFRS 8)IntroductionPresenting a set of financial statements for a company listed in stock exchange is inherently complex and risky. Preparers are required to exercise considerable professional judgement in deciding the quantitative and qualitative information needed to provide fair presentation for the users of financial statements. This seminar selected four SFRS(I)s that frequently used by listed companies in presenting annual financial statements and interim financial statements. Programme ObjectiveThe seminar analyses the technical requirements in each of the four main areas of financial reporting for listed companies:
The seminar explains how to compute the necessary financial information in accordance with the relevant SFRS(I)s and to present such information in the most effective manner.
1) Mastering the fundamental technical skills of presenting financial statementsTechnical considerations:Offset of assets and liabilities, income and expenseAggregations and materiality considerationHow to present notes and explanatory information in a systematic mannerChoosing format and contents for main statements Understanding users’ perception on information presentedChoosing the appropriate format for profit or loss and other comprehensive income (OCI)Choosing the format for statements of financial position 2) Measurement basis and processes to determine basic earnings per share and diluted earnings per share and prescribes the specific disclosure and presentation requirements relating to these measures.Determination of earnings and weighted averaged number of shares forBasic earnings per share and Diluted earnings per shareRetrospective adjustments 3) Measurement, recognition and presentation requirements relating to interim financial statements.Form and content of an interim financial reportMinimum components and selected explanatory notesCompliance with FRSRecognition and measurementMateriality considerationAccounting policiesUneven trends for revenues and costs Use of estimates 4) Understanding of the principles of identifying operating segments and determining reportable segments in financial statementsScope and objectiveIdentifying operating segmentsDetermining reportable segmentsQuantitative threshold and aggregation criteriaDisclosureGeneral informationInformation about profit or loss, assets and liabilitiesRecognition of information to financial statementsEntity-wide disclosuresInformation about products and servicesInformation about geographical areasInformation about major customers Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.Closing Date for Registration1 week before programme or until full enrolment
1) Mastering the fundamental technical skills of presenting financial statements
2) Measurement basis and processes to determine basic earnings per share and diluted earnings per share and prescribes the specific disclosure and presentation requirements relating to these measures.
3) Measurement, recognition and presentation requirements relating to interim financial statements.
4) Understanding of the principles of identifying operating segments and determining reportable segments in financial statements
Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.Closing Date for Registration1 week before programme or until full enrolment
This programmed is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that can comprehensively cover and/or provide a refresher of the principles of IFRS-Identical FRSs that affect presentation and disclosure of financial statements of a listed company, as well as a discussion on the potential changes and updates on the current Generally Accepted Accounting Practice are welcome to attend.
1] 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
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