Course Detail(XBRLv : BizFinx Filing System (Synchronous e-learning))
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SkillsFuture Credit, UTAP Funding

XBRLv : BizFinx Filing System (Synchronous e-learning)

7.00 CPE Hours (Others)
Live Webinar

This session is delivered via live webinar (zoom platform).

Programme Objective

ACRA has released version 3.4 of the BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT).

Companies can prepare, validate and upload their financial statements in XBRL format using the latest versions from 1 October 2022 and must do so from 1 December 2022. Please click here for more information.

Please click here to download BizFinx Preparation Tool before the class.

Programme Outline

  • Introduction – BizFinx filing system and ACRA Taxonomy
  • How to install preparation tool
  • How to complete the Scoping Questions
  • Understanding of Filing Requirements – what is Minimum Requirement List?
  • How to import Financial Statement
  • Guidance in entry of Financial Statements into Templates via
  • Auto tagging
  • Manual entry
  • How to Validate and Generate XBRL files and Rectify Errors, if any
  • How to Save (in both Word and XBRL format) and Upload Financial Statements on BizFinx Portal

The trainer will use a company Financial Statement (case company) to demonstrate the entry in XBRL, from the initial creation to the saving of financial statements.
When entering financial statements, two modes of data entering will be covered:

  • Data entry
  • Editing the illustrative sample 

It excludes the exporting of financial statements from ERP system or accounting software to XBRL.
This one-day training comprises theory and practical sessions. Participants will have an opportunity to have hands-on experience in using the XBRL to prepare financial statements.

  • Each participant is required to bring with him/her a set of financial information (softcopy) from a real company (i.e.  a company registered with ACRA) for the purpose of hands on practice using XBRL to prepare the financial statements.
  • Each participant will be given access to a laptop/ desktop for accessing the XBRL. They will enter relevant data into the preparation tool, with guidance from the trainer. The data entered will not be uploaded to ACRA.


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
     

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

All accounting and finance professionals of Singapore incorporated companies.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees
Date & Time

07 May 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

Team of Professionals (XBRL)

Venue

Online Classroom in or outside of
Singapore
Date & Time

22 Jul 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

Team of Professionals (XBRL)

Venue

Online Classroom in or outside of
Singapore
Date & Time

06 Sep 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

Team of Professionals (XBRL)

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 31 Dec 2024
Course Reference Number: TGS-2020505519

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 $43.20 for any revision of invoice.

 

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
 
To find out more on the UTAP funding and support validity period please click here.
 
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. He is an adjunct associate professor in NUS Business School.

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

Wong Suet Yin
CPA Singapore

Suet Yin graduated from the National University of Singapore with an accounting degree and is a member of the Institute of Singapore Chartered Accountants (ISCA). 

She has more than 20 years of working experience in the area of accounting, tax, project management and training. She held several management positions with large MNCs. Suet Yin is very passionate in training and is always ready to share her knowledge with others. She adopts a pragmatic real world approach during training and believes in 'fun - have a good time'.

This session is delivered via live webinar (zoom platform).

Programme Objective

ACRA has released version 3.4 of the BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT).

Companies can prepare, validate and upload their financial statements in XBRL format using the latest versions from 1 October 2022 and must do so from 1 December 2022. Please click here for more information.

Please click here to download BizFinx Preparation Tool before the class.

Programme Outline

  • Introduction – BizFinx filing system and ACRA Taxonomy
  • How to install preparation tool
  • How to complete the Scoping Questions
  • Understanding of Filing Requirements – what is Minimum Requirement List?
  • How to import Financial Statement
  • Guidance in entry of Financial Statements into Templates via
  • Auto tagging
  • Manual entry
  • How to Validate and Generate XBRL files and Rectify Errors, if any
  • How to Save (in both Word and XBRL format) and Upload Financial Statements on BizFinx Portal

The trainer will use a company Financial Statement (case company) to demonstrate the entry in XBRL, from the initial creation to the saving of financial statements.
When entering financial statements, two modes of data entering will be covered:

  • Data entry
  • Editing the illustrative sample 

It excludes the exporting of financial statements from ERP system or accounting software to XBRL.
This one-day training comprises theory and practical sessions. Participants will have an opportunity to have hands-on experience in using the XBRL to prepare financial statements.

  • Each participant is required to bring with him/her a set of financial information (softcopy) from a real company (i.e.  a company registered with ACRA) for the purpose of hands on practice using XBRL to prepare the financial statements.
  • Each participant will be given access to a laptop/ desktop for accessing the XBRL. They will enter relevant data into the preparation tool, with guidance from the trainer. The data entered will not be uploaded to ACRA.


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
     

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

All accounting and finance professionals of Singapore incorporated companies.

Competency Mapping

Others = 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. He is an adjunct associate professor in NUS Business School.

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

Wong Suet Yin
CPA Singapore

Suet Yin graduated from the National University of Singapore with an accounting degree and is a member of the Institute of Singapore Chartered Accountants (ISCA). 

She has more than 20 years of working experience in the area of accounting, tax, project management and training. She held several management positions with large MNCs. Suet Yin is very passionate in training and is always ready to share her knowledge with others. She adopts a pragmatic real world approach during training and believes in 'fun - have a good time'.

Upcoming Schedule

Date & Time

07 May 2024 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 318.28
For Non-Members: $ 382.59

Programme Facilitator(s)

Team of Professionals (XBRL)

Venue

Online Classroom in or outside of
Singapore


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