Course Detail()

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

IAS 40 (equivalent to SFRS (I) 1- 40, and FRS 40) is the financial reporting standard provided to guide accountants in reporting and presenting investment properties.

This workshop aims to guide accountants in applying fair value, transitioning from different measurement methods and asset impairment on investment properties, from initial recognition till de-recognition. Get solutions from this comprehensive and practical workshop expediently.

Learning Objectives

Upon completion of this course, participants are able to:

Understand and Apply accounting treatment and reporting for investment properties as required by IAS 40
Transition and Apply change of measurement method when reporting investment properties
Understand and Apply asset impairment in Investment properties appropriately and reliably
Present and Report investment properties in financial statement confidently and expediently

Programme Outline

Introduction to IAS 40
Reporting gap of IAS 40 vs. Section 16 of SFRS for small entities
Identifying investment properties under IAS 40
Initial Recognition at Fair value
Case study: Purchasing investment properties with deferring payments
Subsequent recognition: Measurement method Cost vs. Fair Value
Case study: applying change of measurement method from cost to fair value
Asset Impairment on Investment Properties
Valuation consideration in times of uncertainty
Case study: Impact of reduction in rental income from Investment properties on carrying value of Investment Properties
Questions and Answers

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 presentations, together with class exercises, case studies simulations and discussions.

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

Intended For

• Accountants • Financial reporting officers • Internal audit • Compliance • Academicians

Schedule & Fees

Testimonial

Funding

1] 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)

Understand and Apply accounting treatment and reporting for investment properties as required by IAS 40
Transition and Apply change of measurement method when reporting investment properties
Understand and Apply asset impairment in Investment properties appropriately and reliably
Present and Report investment properties in financial statement confidently and expediently