Course Detail()

This session is delivered via live webinar (zoom platform).

Programme Objective

This highly interactive and comprehensive course will provide you a practical overview of the essential FRSs that each and every accountant should be aware of.

Participants will receive plenty of short case examples, fun facts and real-life illustrations using several renowned and reputable Singapore listed companies to help reinforce the learning concepts and outcomes.

Participants will be provided a useful package of one-pager visual guides that are specially curated by the trainer for all participants on this course. Participants can use and apply these visual guides at their workplaces. The trainer believes in helping participants to reinforce the learning experiences as part of their post course development journey.

As a bonus, participants will also learn the top 10 elements to look out for when analysing and interpreting today’s financial statements.

Programme Outline

Key FRS Developments and the Timelines to Consider
FRS 115 Revenue from Contracts with Customers + Impact Analysis on Various Industries
FRS116 Leases + A Practical Approach to Leases + Top Issues and Challenges
FRS 1 Presentation of Financial Statements
FRS 2 Inventories
FRS 8 Accounting Policies, Changes in Accounting Estimates and Errors
FRS 10 Events After the Reporting Period
FRS 12 Income Taxes
FRS 16 Property, Plant and Equipment
FRS 23 Borrowing Costs
FRS 24 Related Party Disclosures
FRS 32 Financial Instruments: Presentation
FRS 36 Impairment of Assets
FRS 37 Provisions, Contingent Liabilities and Contingent Assets
FRS 38 Intangible Assets
FRS 40 Investment Property
FRS 105 Non-Current Assets Held for Sale and Discontinuing Operations
FRS 108 Operating Segments
FRS 109 Financial Instruments: Recognition and Measurement
FRS 113 Fair Value Measurements
End-of-Session Finale – “Who Wants to be a FRS Genius”

Why Attend this Course? Why this One?

The answer is communication. This course will help you better understand the language of finance.

The Trainer is a highly experienced practitioner and instructor and is well-regarded for his ability to translate complex financial concepts into plain language, and the use of illustrations, examples and real-life experiences to help develop/enhance your understanding of finance and accounting.

The Trainer is able to draw on his full depth of knowledge about accounting, creativity and experience to develop compelling and enjoyable programs.

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

Seminar style - Story-telling, Fun Facts, Short Case Examples, Real Life Illustrations, and plenty of team activities such as the Trainer’s “trademark” end-of-day fun and exciting quiz round (Who Wants to be a FRS Genius) which will help reinforce the learning concepts and outcomes.

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

Intended For

A Foundation level programme intended for professionals who wish to develop a good understanding of the current accounting standards in Singapore.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 14 Oct 2023
Course Reference Number: TGS-2020501908

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 http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Step 1: You will need to ensure that you have sufficient SkillsFuture Credits in your SkillsFuture Credit account in order to make a successful claim. Please check your SFC account balance here.
Step 2: Register for the course online via ISCA Portal.
Step 3: Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information.
Step 4: At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
Step 5:Upon receiving an email that the programme status is confirmed, please proceed to submit SFC claim on SkillsFuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal (http://www.skillsfuture.sg/credit).

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)