Programme Objective

This course is ideal for students and working adults who are preparing themselves for the SCAQ Examinations Module – Advanced Financial Reporting (AFF).

Programme Outline

The Advanced Financial Reporting module builds upon the knowledge and skills studied in the Principles of Financial Reporting module. Upon successful completion of this module, Candidates will be able to demonstrate sound knowledge of and apply the Conceptual Framework and the Singapore Financial Reporting Standards (International) (SFRS(I)s) to produce a complete set of financial statements for single entities and simple groups, including basic notes to the accounts. Candidates will also be able to explain and advise on the application of the SFRS(I)s, including the appropriate treatment and disclosure of hedge accounting, demonstrating appropriate professional judgment.  
After taking this module, you will be able to:

• Explain the importance of ethical behaviour in the context of Financial Reporting and be able to apply ethical guidelines for professional accountants.
• Describe and apply the appropriate measurement and recognition criteria for the elements of the financial statements, as required by the Singapore Financial Reporting Standards and related pronouncements and interpretations (e.g. Illustrative Examples, Guidance on Implementing, Interpretation of SFRS(I)) issued by the Accounting Standards Council.
• Demonstrate the appropriate treatment and disclosure relating to derivatives, hedge accounting, financial instruments and fair value measurement.
• Prepare consolidated financial statements with subsidiaries and associates under a business combination, including basic notes to the accounts.
• Account for the effects of changes in foreign exchange rates for groups with foreign operations.

Be prepared to take the SCAQ Exam – Advanced Financial Reporting (AFF)

Training Methodology

Hybrid Learning with Learning Videos and a choice of in-person or live broadcast workshops.

Please refer to the FAQ for Technology Guidelines on accessing the live broadcast workshops by clicking here.

Click here for the December 2025 schedule

Closing Date for Registration

1 week or until full enrolment.

Intended For

SCAQ Candidates taking Foundation Module Advanced Financial Reporting (AFF)  Examination

Programme Facilitator(s)