Course Detail(A214v : Accounting for Basic Consolidation Procedures: Case Studies & Journal Entries (Live Webinar))

SkillsFuture Credit

A214v : Accounting for Basic Consolidation Procedures: Case Studies & Journal Entries (Live Webinar)

7.00 CPE Hours (Category 1)
Live Webinar

Programme Objective

The objective is to equip accountants with the consolidation techniques, from the basic principles to more specific aspects such as changes in shareholding interest.
 
The seminar will be practice-oriented, using case studies to illustrate the consolidation procedures.
 

Programme Outline

  • Consolidation at the date of acquisition
  • Determining cost of acquisition
  • Combination of accounts
  • Fair value adjustments
  • Goodwill on consolidation
  • Presentation and measurement of non-controlling interest
  • Consolidation subsequent to the date of acquisition
  • Consolidated statement of comprehensive income
  • Pre-acquisition and post-acquisition reserves
  • Intragroup account balances
  • Unrealised intragroup profit and losses
  • Intragroup sale of non-depreciable assets
  • Intragroup sale of inventories
  • Intragroup sale of depreciable assets
  • Intragroup charges
  • Intragroup dividend
  • Tax effect on unrealised intragroup profits and losses
  • Changes in shareholding interest
  • Step acquisition
  • Increase in shareholding interest in a subsidiary
  • Decrease in shareholding interest in a subsidiary without loss of control
  • Decrease in shareholding interest in a subsidiary with loss of control


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 case studies for discussion, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation level programme intended for Accountants who need to produce consolidated accounts. Auditors and Finance professionals who wish to understand basic consolidation procedures and journal entries, will also find this programme useful.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

10 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 05 Jan 2024
Course Reference Number: TGS-2020502462

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)


Chee Hay Kheong, Daniel
FCA (Singapore)

 

Daniel is a Fellow Chartered Accountant of Singapore. He holds an Honours degree in Accountancy from the National University of Singapore and was a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.

Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS), teaching the Audit and Assurance and Advanced Audit and Assurance modules. After NUS, he served as an Adjunct Professor in the accounting department of the Singapore University of Social Sciences (SUSS), teaching the Audit and Assurance module.

Daniel also provided professional training to members of the Institute of Singapore Chartered Accountants (ISCA), the Singapore Institute of Directors (SID), public accounting firms and training providers.

Daniel was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).
 

Programme Objective

The objective is to equip accountants with the consolidation techniques, from the basic principles to more specific aspects such as changes in shareholding interest.
 
The seminar will be practice-oriented, using case studies to illustrate the consolidation procedures.
 

Programme Outline

  • Consolidation at the date of acquisition
  • Determining cost of acquisition
  • Combination of accounts
  • Fair value adjustments
  • Goodwill on consolidation
  • Presentation and measurement of non-controlling interest
  • Consolidation subsequent to the date of acquisition
  • Consolidated statement of comprehensive income
  • Pre-acquisition and post-acquisition reserves
  • Intragroup account balances
  • Unrealised intragroup profit and losses
  • Intragroup sale of non-depreciable assets
  • Intragroup sale of inventories
  • Intragroup sale of depreciable assets
  • Intragroup charges
  • Intragroup dividend
  • Tax effect on unrealised intragroup profits and losses
  • Changes in shareholding interest
  • Step acquisition
  • Increase in shareholding interest in a subsidiary
  • Decrease in shareholding interest in a subsidiary without loss of control
  • Decrease in shareholding interest in a subsidiary with loss of control


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 case studies for discussion, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation level programme intended for Accountants who need to produce consolidated accounts. Auditors and Finance professionals who wish to understand basic consolidation procedures and journal entries, will also find this programme useful.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Chee Hay Kheong, Daniel
FCA (Singapore)

 

Daniel is a Fellow Chartered Accountant of Singapore. He holds an Honours degree in Accountancy from the National University of Singapore and was a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.

Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS), teaching the Audit and Assurance and Advanced Audit and Assurance modules. After NUS, he served as an Adjunct Professor in the accounting department of the Singapore University of Social Sciences (SUSS), teaching the Audit and Assurance module.

Daniel also provided professional training to members of the Institute of Singapore Chartered Accountants (ISCA), the Singapore Institute of Directors (SID), public accounting firms and training providers.

Daniel was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).
 


Upcoming Schedule

Date & Time

10 Mar 2023 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 276.49
For Non-Members: $ 332.13

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore