Course Detail(A249v : Financial Reporting: Analysis from A Managerial Perspective (Live Webinar))

SkillsFuture Credit

A249v : Financial Reporting: Analysis from A Managerial Perspective (Live Webinar)

7.00 CPE Hours (Category 1)
Live Webinar

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.


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.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

14 Apr 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 279.07
For Non-Members: $ 335.23

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 30 Aug 2023
Course Reference Number: TGS-2020505924

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 $42.80 for any revision of invoice.

 

Programme Facilitator(s)


Assoc Prof Lee Kin Wai

Lee 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.

 

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.


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.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Lee 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.

 


Upcoming Schedule

Date & Time

14 Apr 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 279.07
For Non-Members: $ 335.23

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

Online Classroom in or outside of
Singapore