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

SDF Funding, 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

18 Aug 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Date & Time

08 Oct 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Date & Time

03 Dec 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Date & Time

11 Jun 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

11 Mar 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

04 Dec 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 05 Jan 2022
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 http://www.skillsfuture.sg/credit)

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.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 05 Jan 2022
Funded Hours: 7 hours
Course Reference Number: TGS-2020502462

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

Programme Facilitator(s)


Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is 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).
 
Mr Chee 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)

Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is 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).
 
Mr Chee 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

18 Aug 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore