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 Objective
This course aims to discuss financial reporting and analysis in a more holistic manner from both the user's perspective and preparer's perspective.

Participants will (1) acquire the tools to become informed users and skilled preparers of financial statement information, focusing on the key accounting principles in International Financial Reporting Standards (IFRS).

Participants will also (2) understand the economics of business transactions and how financial statement users can employ financial accounting information for decision making by various stakeholders such as equity investors, creditors, financial analysts and managers.

By integrating multiple perspectives of accounting and corporate finance, participants will get a more holistic view on how business transactions get reported and the decision implications of financial statement information. Case studies by global companies using International Financial Reporting Standards (IFRS) will also be discussed.

 

Programme Outline

Inventories (IFRS 2)

• Analysis of inventory management effectiveness based on financial accounting information and disclosures.
• Examine the potential concerns arising from trends in sales growth and inventory growth.
• Using disclosures on inventories to forecast trends in financial performance.

Property, Plant and Equipment (IFRS 6)

• Evaluate the effect of capitalizing versus expensing costs on financial statements and ratios.
• Implications of Property, Plant and Equipment revaluation for financial statement analysis.
• Inferring corporate strategies from financial accounting ratios and disclosures related to property, plant and equipment.
• Examine how analysts can perform financial adjustments to facilitate benchmarking with other corporate rivals in similar industries

Impairment of Assets (IFRS 36)

• Analyse financial accounting disclosures on assets impairment to examine the current financial performance of the company.
• Understand the potential distortion of impairment of assets on financial ratios.
• Effect of impairment of assets on financial forecasting of future cash flow.
• Understand the general implications of asset impairment for business valuation.

Intangible Assets (IFRS 38)

• Understand the effect of expensing and capitalizing intangible expenditures on analysis of financial performance.
• Examine the information content, usefulness and limitations of financial disclosures of intangible assets.
• Implications of technological changes on accounting recognition of intangibles.
• Financial adjustments to potential distortions arising from aggressive capitalization of intangible assets.

Provisions, Contingent Liabilities and Contingent Assets (IFRS 37)

• Challenges from measuring and recognizing provisions and loss contingencies.
• Examine the role of financial accounting information in debt contracting between borrowers and lenders.
• Analyse the “trip-wire” role of financial ratios in debt contracts.
• Understand the earnings management incentives to create debt covenant slack.

 
Investment Property (IFRS 40)

• Measurement and recognition of investment property.
• Understand the implications of accounting method differences on investment properties in analysis of financial performance.
• Understand the potential concerns of financial analysts in reviewing investment property.

Financial Instruments (IFRS 9)

• Classification and recognition of financial assets.
• Implications of alternative recognition methods of financial assets for analysis of financial performance and evaluation.
• Understand how differences in accounting treatment of financial instrument may affect earnings management incentives.

Pre-requisites

Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
   

Training Methodology
Lecture style, with Exercises/Case Studies
 

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An intermediate programme suitable for Accounting and Audit professionals.

Programme Facilitator(s)