Course Detail(A282v : Impairment of Assets – Recognition and Reporting (Live Webinar))
Not Available

UTAP Funding

A282v : Impairment of Assets – Recognition and Reporting (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 36 Asset Impairment (equivalent to SFRS (I) 1-36 and FRS 36) is a financial reporting standard issued to deal with situations/conditions that suggest asset impairment, and report asset impairment in financial statement.

Our workshop aims to extend comprehensive solutions to accountants in reporting asset impairment for cash generating and non-cash generating asset.

Reporting asset impairment as required by IAS 36, can be performed with great confidence.

Learning Objectives

Upon completion of this course, participants are able to:

  • Understand and Apply asset impairment assessment and reporting as required by IAS 36
  • Compare and Appreciate reporting gaps in asset impairment as per IAS 36 vs. SFRS for small entities
  • Review the application of asset impairment in case studies, extending practical solutions to accountants
  • Present and disclose asset impairment in financial statement appropriately and confidently

Programme Outline

  • Introduction to IAS 36
  • Reporting Gap between IAS 36 versus SFRS for small entities
  • The scope of Asset impairment
  • Why the need for Asset Impairment?
  • What types of assets should be considered for impairment?
  • Asset Impairment Indicators and its illustrations
  • Impairment consideration in uncertain economic environment
  • Case studies: Impairment indicators arising from the Impact of Covid-19 disruptions on Asset Impairment
  • Estimating Recoverable Value using Fair value
  • Estimating Recoverable Value using Value in use
  • Case studies: Measuring and Reporting asset impairment for a non-cash generating asset
  • Case studies: Measuring and Reporting asset impairment for a cash generating asset
  • 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

24 May 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Jessica Hong

Venue

Online Classroom in or outside of
Singapore
Date & Time

11 Nov 2024 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 220.18
For Non-Members: $ 261.60

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 36 Asset Impairment (equivalent to SFRS (I) 1-36 and FRS 36) is a financial reporting standard issued to deal with situations/conditions that suggest asset impairment, and report asset impairment in financial statement.

Our workshop aims to extend comprehensive solutions to accountants in reporting asset impairment for cash generating and non-cash generating asset.

Reporting asset impairment as required by IAS 36, can be performed with great confidence.

Learning Objectives

Upon completion of this course, participants are able to:

  • Understand and Apply asset impairment assessment and reporting as required by IAS 36
  • Compare and Appreciate reporting gaps in asset impairment as per IAS 36 vs. SFRS for small entities
  • Review the application of asset impairment in case studies, extending practical solutions to accountants
  • Present and disclose asset impairment in financial statement appropriately and confidently

Programme Outline

  • Introduction to IAS 36
  • Reporting Gap between IAS 36 versus SFRS for small entities
  • The scope of Asset impairment
  • Why the need for Asset Impairment?
  • What types of assets should be considered for impairment?
  • Asset Impairment Indicators and its illustrations
  • Impairment consideration in uncertain economic environment
  • Case studies: Impairment indicators arising from the Impact of Covid-19 disruptions on Asset Impairment
  • Estimating Recoverable Value using Fair value
  • Estimating Recoverable Value using Value in use
  • Case studies: Measuring and Reporting asset impairment for a non-cash generating asset
  • Case studies: Measuring and Reporting asset impairment for a cash generating asset
  • 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

24 May 2024 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 183.12
For Non-Members: $ 218.00

Programme Facilitator(s)

Jessica Hong

Venue

Online Classroom in or outside of
Singapore


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