Course Detail(A279v : IAS 8 Accounting Policies, Changes in Estimates and Errors (Live Webinar))
Not Available

UTAP Funding

A279v : IAS 8 Accounting Policies, Changes in Estimates and Errors (Live Webinar)

3.50 CPE Hours (Category 1)
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

IAS 8 (equivalent to FRS 8, SFRS (I) 1-8 and Section 10 of SFRS for small entities), is the financial reporting standard provided in guiding reporting accountants in presenting and disclosing change in accounting policies, change of accounting estimates and correction of error, in the year of impact.

This workshop aims to guide accountants in applying this reporting standards on case studies relevant to newly adopted reporting standards e.g. IFRS 16 Leases and addressing the impact of disruptions from Covid-19.

Learning Objectives

Upon completion of this course, participants are able to:

  • Understand and Apply change of accounting policies, change of accounting estimates and correction of errors as per IAS 8
  • Report and Present its impact in current financial year with clarity and reliability in enhancing comparability
  • Apply IAS 8 in addressing the adoption of new reporting standards i.e. IFRS 16 Leases and IFRS 9 Expected credit losses
  • Differentiate applying changes using retrospective vs prospective method appropriately and confidently

Programme Outline

  • Introduction to IAS 8
  • Updates in IAS 8: Definition of accounting estimates wef 2023
  • Accounting treatment and presentation for change of accounting policies
  • Accounting treatment and presentation for change of accounting estimates
  • Accounting treatment and presentation for correction of errors
  • 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

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees
Date & Time

28 Sep 2023 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 182.43
For Non-Members: $ 216.92

Programme Facilitator(s)

Jessica Hong

Venue

Online Classroom in or outside of
Singapore

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)


Jessica Hong
CA(M)  CPA
 
Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.
 
Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.
 
Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.
 
She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.

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 8 (equivalent to FRS 8, SFRS (I) 1-8 and Section 10 of SFRS for small entities), is the financial reporting standard provided in guiding reporting accountants in presenting and disclosing change in accounting policies, change of accounting estimates and correction of error, in the year of impact.

This workshop aims to guide accountants in applying this reporting standards on case studies relevant to newly adopted reporting standards e.g. IFRS 16 Leases and addressing the impact of disruptions from Covid-19.

Learning Objectives

Upon completion of this course, participants are able to:

  • Understand and Apply change of accounting policies, change of accounting estimates and correction of errors as per IAS 8
  • Report and Present its impact in current financial year with clarity and reliability in enhancing comparability
  • Apply IAS 8 in addressing the adoption of new reporting standards i.e. IFRS 16 Leases and IFRS 9 Expected credit losses
  • Differentiate applying changes using retrospective vs prospective method appropriately and confidently

Programme Outline

  • Introduction to IAS 8
  • Updates in IAS 8: Definition of accounting estimates wef 2023
  • Accounting treatment and presentation for change of accounting policies
  • Accounting treatment and presentation for change of accounting estimates
  • Accounting treatment and presentation for correction of errors
  • 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

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Jessica Hong
CA(M)  CPA
 
Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.
 
Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.
 
Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.
 
She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.

Upcoming Schedule

Date & Time

28 Sep 2023 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 182.43
For Non-Members: $ 216.92

Programme Facilitator(s)

Jessica Hong

Venue

Online Classroom in or outside of
Singapore


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