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 ObjectiveIAS 10 extends guidance on how events happened during a period between balance sheet date and date of authorised, to be considered in its impact to the financial statements as at balance sheet date.With events triggered resulted from lockdown in preventing the spread of pandemic Covid-19, many accountants and auditors are anxious and concerned on how these adverse impacts could affect their financial reporting.This one-day webinar aims to guide accountants and auditors on reporting and presenting events triggered by the lockdown, which may be affecting all financial statements pending for authorisations.Join our virtual discussion and Get your solutions.Learning objectives:Upon completing this webinar, you will be able to – Understand and Apply the accounting treatment, presentation and disclosures as per IAS 10Present and Report the financial statements reliably and faithfully, reflecting the impact of events triggered by the lockdownReview all events with due care and ethically in ensuring relevance and fair presentationAddress all issues and concerns in presenting financial statements when applying IAS 10Pre-reading:IAS 10/ SFRS(I) 1-10/ FRS 10 Events after reporting periodIAS 1/ SFRS(I) 1-1/ FRS 1 Presentation of financial statements
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 ObjectiveIAS 10 extends guidance on how events happened during a period between balance sheet date and date of authorised, to be considered in its impact to the financial statements as at balance sheet date.With events triggered resulted from lockdown in preventing the spread of pandemic Covid-19, many accountants and auditors are anxious and concerned on how these adverse impacts could affect their financial reporting.This one-day webinar aims to guide accountants and auditors on reporting and presenting events triggered by the lockdown, which may be affecting all financial statements pending for authorisations.Join our virtual discussion and Get your solutions.Learning objectives:Upon completing this webinar, you will be able to –
Pre-reading:IAS 10/ SFRS(I) 1-10/ FRS 10 Events after reporting periodIAS 1/ SFRS(I) 1-1/ FRS 1 Presentation of financial statements
1. Pre-course assessment2. Introduction to IAS 10 Events after reporting period3. Illustration of “Events” that you should consider4. Differentiating Adjusting vs Non-adjusting events5. Case studies on Events after reporting perioda. Retrenchment expenses resulted from business rationalizationb. Consequential Losses resulted from operations temporary closed due to lockdown c. How Force Majeure clause should be applied in crises like Covid-19d. Inventory impairment resulted from slow-down in salese. Interest expenses recognition and presentation, with deferment offered by banksf. Accounting treatment of Government Stimulus Plan receipt in your Income Statementg. Insufficient cash-flow to pay declared dividendsh. Deterioration of credit quality of Loans & Receivablesi. Business downsizing resulting losses and one-time expensesj. Assets disposalk. Discontinued operationsl. Decision to wind up business6. Questions & Answers7. Post course assessment Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance taking Training MethodologyInteractive presentations, discussion on case studies, assessment questions, and class exercises. Closing Date for Registration1 week before programme or until full enrolment.
1. Pre-course assessment2. Introduction to IAS 10 Events after reporting period3. Illustration of “Events” that you should consider4. Differentiating Adjusting vs Non-adjusting events5. Case studies on Events after reporting period
a. Retrenchment expenses resulted from business rationalization
b. Consequential Losses resulted from operations temporary closed due to lockdown
c. How Force Majeure clause should be applied in crises like Covid-19
d. Inventory impairment resulted from slow-down in sales
e. Interest expenses recognition and presentation, with deferment offered by banks
f. Accounting treatment of Government Stimulus Plan receipt in your Income Statement
g. Insufficient cash-flow to pay declared dividends
h. Deterioration of credit quality of Loans & Receivables
i. Business downsizing resulting losses and one-time expenses
j. Assets disposal
k. Discontinued operations
l. Decision to wind up business
6. Questions & Answers7. Post course assessment
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyInteractive presentations, discussion on case studies, assessment questions, and class exercises.
Closing Date for Registration1 week before programme or until full enrolment.
Accountants Internal AuditorsFinancial AnalystExternal Auditors & Public PractitionersAcademicians
Category 1 = 7.00 Hours
28 Nov 2022 (9:00 AM - 5:00 PM)
For Members: $ 303.88 For Non-Members: $ 364.87
Jessica Hong
CA(M) CPA
Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.
Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.
Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.
She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.
Online Classroom in or outside ofSingapore
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19 May 2022 - 19 May 2022
20 May 2022 - 20 May 2022