Course Detail()

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

A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline

General Overview of the Simplified charities accounting standard
Statement of Financial Activities
Balance Sheet items
Statement of Cash Flows
Special Section – Depreciation for Charities' Fixed Assets
Date from which Effective and Transitional Arrangements

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 Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Schedule & Fees

Testimonial

Funding

1] CCF Training Grant

Charities Capability Fund (CCF) Training Grant provides co-funding for local training courses to help charities comply with regulatory requirements and build good governance standards.

Period of CCF pre-approval: 15 August 2024 to 13 August 2025

Eligibility Criteria

CCF funding is for eligible charities' staff (who have served in the Charities for at least 6 months with an official designation).

CCF Grants Coverage & Quantum

Funding Quantum

Nett Course Fees Payable (incl. GST)

Singaporeans/ PRs

Member: $233.60

Non-Member: $280.80

(80% of course fee)

Member: $63.66

Non-Member: $76.52

Employment Pass/ Work Permit Holders / S Pass Holders

Member: $174.60

Non-Member: $210.60

(60% of course fee)

Member: $127.31

Non-Member: $153.04

For Pre-approved Courses: Participants will pay the training provider the net course fees (after CCF funding). The training provider will claim the CCF approved funding directly from the CCF Secretariat.

Note:

CCF applications are subject to NCSS approval and only Board members/ staff in key governance and management areas with approved CCF applications are eligible for CCF funding.
The Applicant with approved CCF application (or “CCF-eligible participant”) pays the amount of course fees less CCF funding to ISCA. Payment can be made by corporate/individual means.
The Applicant has to create an ISCA Corporate Account here if they do not have an existing corporate account.

During the Course:

CCF-eligible participant to achieve minimum 75% attendance, and pass all assessments, if any.
All CCF-eligible participants are to complete a CCF Training Evaluation Form at the end of the course.
For course conducted online, CCF-eligible participants are to switch on their video function and display their full name.
All CCF-eligible participants must prepare their mobile phone with their Singpass app to scan their attendance twice a day.

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)