Course Detail(E061v : Accounting Ethics: Understanding & Detecting Creative Accounting Practices (Live Webinar))

SDF Funding, SkillsFuture Credit, UTAP Funding

E061v : Accounting Ethics: Understanding & Detecting Creative Accounting Practices (Live Webinar)

14.00 CPE Hours (Category 2)
Live Webinar

Programme Objective

This course will discuss the environmental factors, situations and motivations behind Creative Accounting to help you gauge the believability and reliability of financial reports. The common Accounting Cycles which are prone to Creative Accounting, as well as real-life case studies will also be highlighted for discussion.
 

Programme Outline

  • What is creative accounting?
  • Reasons for using creative accounting
  • Relationship between creative accounting and fraud
  • Situations where creative accounting is more likely
  • Types of creative accounting
  • Environmental factors influencing creative accounting
  • Earnings management and red flags
  • Five accounting cycles that are prone to creative accounting
  • Sales and accounts receivable
  • Expense and accounts payable
  • Human resource and payroll
  • Capital expenditure
  • Off balance sheet
  • Concealing creative accounting
  • Usefulness and limitation of financial statements analysis in detecting creative accounting

Case studies:

  • Xerox
  • Enron
  • Tyco
  • WorldCom 


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 level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who may have the chance to come across fraudulent reporting in their work are welcome to attend.

Competency Mapping

Category 2 = 14.00 Hours

Schedule & Fees

Date & Time

24 Nov 2021 (9:00 AM - 5:00 PM)
25 Nov 2021 (9:00 AM - 5:00 PM)

Limited Seats

Fee (inclusive of GST)

For Members: $ 620.60   $ 496.48
For Non-Members: $ 736.16   $ 588.93
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Date & Time

21 Apr 2022 (9:00 AM - 5:00 PM)
22 Apr 2022 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60   $ 496.48
For Non-Members: $ 736.16   $ 588.93
Discount till 30 Jun 2022

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore

Date & Time

14 Jul 2021 (9:00 AM - 5:00 PM)
15 Jul 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

21 Apr 2021 (9:00 AM - 5:00 PM)
22 Apr 2021 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

24 Nov 2020 (9:00 AM - 5:00 PM)
25 Nov 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 29 Jun 2023
Course Reference Number: TGS-2020501109

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 29 Jun 2023
Funded Hours: 14 hours
Course Reference Number: TGS-2020501109

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).

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

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

This course will discuss the environmental factors, situations and motivations behind Creative Accounting to help you gauge the believability and reliability of financial reports. The common Accounting Cycles which are prone to Creative Accounting, as well as real-life case studies will also be highlighted for discussion.
 

Programme Outline

  • What is creative accounting?
  • Reasons for using creative accounting
  • Relationship between creative accounting and fraud
  • Situations where creative accounting is more likely
  • Types of creative accounting
  • Environmental factors influencing creative accounting
  • Earnings management and red flags
  • Five accounting cycles that are prone to creative accounting
  • Sales and accounts receivable
  • Expense and accounts payable
  • Human resource and payroll
  • Capital expenditure
  • Off balance sheet
  • Concealing creative accounting
  • Usefulness and limitation of financial statements analysis in detecting creative accounting

Case studies:

  • Xerox
  • Enron
  • Tyco
  • WorldCom 


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 level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who may have the chance to come across fraudulent reporting in their work are welcome to attend.

Competency Mapping

Category 2 = 14.00 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

Limited Seats

Date & Time

24 Nov 2021 (9:00 AM - 5:00 PM)
25 Nov 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 620.60   $ 496.48
For Non-Members: $ 736.16   $ 588.93
Discount till 31 Dec 2021

Programme Facilitator(s)

Daniel Chee

Venue

Online Classroom in or outside of
Singapore