Course Detail()

SkillsFuture Credit

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

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 Objective

This programme assesses and re-examines your professional judgment and ethics in accounting practices, ranging from accounting treatment to accounting disclosures.  All participants will role-play in various case studies cum simulations, finding the best way to handle critical situations with integrity.

Juggling between meeting client or stakeholders’ expectations, achieving objectives within budget and complying with the financial reporting standards – all at once, can be near impossible. Each case study is curated and designed, to focus on pertinent ethical issues in light of complex reporting standards, especially dealing when dealing with the impact of Covid-19.

According to Mahatma Gandhi, Seven Deadly Sins are: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality, Worship without sacrifice.

Perhaps, the Accountant’s deadliest Sin is to create “Numbers without Ethics”

 

Programme Outline

  • Importance of Ethics in Financial Reporting and accounting practices
     
  • Focus, Emphasize and Appreciate the good professional judgement in presenting financial statements during extreme uncertainties and economic stress resulted from the pandemic Covid-1
     
  • Apply Critical Thinking and Professional Judgement in ensuring objectivity when facing the 7 deadliest financial reporting pitfalls:
    • Fair Value for Assets
    • Asset Impairments 
    • Determining Going Concern applicability
    • Reporting Digital Currencies and other complex derivatives
    • Reporting Liabilities and Losses under uncertainties
    • Expected credit losses and Loan modifications
    • Recognising high risk intangible assets e.g. Research & Development
       
  • Other challenges faced in exercising Ethics in accounting and financial reporting


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

Interactive Presentation with Case studies and Simulations, Group Discussion and Quiz / Knowledge Check


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

•    ImportanceThis Intermediate Level programme is intended for both Practising and Non-Practising Accountants and Auditors. Professionals who wish to learn and apply good professional judgements in managing challenges faced by accountants/auditors ranging from cases in accounting treatment to accounting disclosures are welcome to attend.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 05 Jan 2023
Course Reference Number: TGS-2020502465

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)

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 Objective

This programme assesses and re-examines your professional judgment and ethics in accounting practices, ranging from accounting treatment to accounting disclosures.  All participants will role-play in various case studies cum simulations, finding the best way to handle critical situations with integrity.

Juggling between meeting client or stakeholders’ expectations, achieving objectives within budget and complying with the financial reporting standards – all at once, can be near impossible. Each case study is curated and designed, to focus on pertinent ethical issues in light of complex reporting standards, especially dealing when dealing with the impact of Covid-19.

According to Mahatma Gandhi, Seven Deadly Sins are: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality, Worship without sacrifice.

Perhaps, the Accountant’s deadliest Sin is to create “Numbers without Ethics”

 

Programme Outline

  • Importance of Ethics in Financial Reporting and accounting practices
     
  • Focus, Emphasize and Appreciate the good professional judgement in presenting financial statements during extreme uncertainties and economic stress resulted from the pandemic Covid-1
     
  • Apply Critical Thinking and Professional Judgement in ensuring objectivity when facing the 7 deadliest financial reporting pitfalls:
    • Fair Value for Assets
    • Asset Impairments 
    • Determining Going Concern applicability
    • Reporting Digital Currencies and other complex derivatives
    • Reporting Liabilities and Losses under uncertainties
    • Expected credit losses and Loan modifications
    • Recognising high risk intangible assets e.g. Research & Development
       
  • Other challenges faced in exercising Ethics in accounting and financial reporting


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

Interactive Presentation with Case studies and Simulations, Group Discussion and Quiz / Knowledge Check


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

•    ImportanceThis Intermediate Level programme is intended for both Practising and Non-Practising Accountants and Auditors. Professionals who wish to learn and apply good professional judgements in managing challenges faced by accountants/auditors ranging from cases in accounting treatment to accounting disclosures are welcome to attend.

Programme Facilitator(s)


No course instances or course instance sessions available.