Programme Objective
This course is ideal for students and working adults who are preparing themselves for the SCAQ Examinations Module – Principles of Financial Reporting (PFF).
Programme Outline
The Principles of Financial Reporting module provides Candidates with knowledge of the Conceptual Framework and the Singapore Financial Reporting Standards (International) (SFRS(I)) to produce a complete set of financial statements for single entities, including basic notes to the accounts. Candidates will also be able to explain and advise on the application of the SFRS(I)s, demonstrating appropriate professional judgment. The Principles of Financial Reporting module provides foundation accounting knowledge for the Advanced Financial Reporting module and the Assurance module.
After taking this module, you will be able to:
- Explain the objectives of Financial Reporting, the standard setting process, as well as the need for and apply the components of the Conceptual Framework.
- Describe and apply the appropriate measurement and recognition criteria for the elements of the financial statements (Assets and Liabilities), as required by the Singapore Financial Reporting Standards and related pronouncements and interpretations.
- Describe and apply the appropriate measurement and recognition criteria for the elements of the financial statements (Revenue, Expenses, Equity and Other Comprehensive Income), as required by the Singapore Financial Reporting Standards and related pronouncements and interpretations.
- Prepare a complete set of financial statements, including basic notes to the accounts, for a retail entity, a service entity, and a manufacturing entity.
- Demonstrate the appropriate presentation and disclosure of accounting policies, changes in estimates and errors, and events after the reporting date
- Be prepared to take the SCAQ Exam – Principles of Financial Reporting (PFF)
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
one week prior or until full enrolment.
Intended For
SCAQ Candidates taking Foundation Module – Principles of Financial Reporting (PFF) Examination
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Programme Objective
This course is ideal for students and working adults who are preparing themselves for the SCAQ Examinations Module – Principles of Financial Reporting (PFF).
Programme Outline
The Principles of Financial Reporting module provides Candidates with knowledge of the Conceptual Framework and the Singapore Financial Reporting Standards (International) (SFRS(I)) to produce a complete set of financial statements for single entities, including basic notes to the accounts. Candidates will also be able to explain and advise on the application of the SFRS(I)s, demonstrating appropriate professional judgment. The Principles of Financial Reporting module provides foundation accounting knowledge for the Advanced Financial Reporting module and the Assurance module.
After taking this module, you will be able to:
- Explain the objectives of Financial Reporting, the standard setting process, as well as the need for and apply the components of the Conceptual Framework.
- Describe and apply the appropriate measurement and recognition criteria for the elements of the financial statements (Assets and Liabilities), as required by the Singapore Financial Reporting Standards and related pronouncements and interpretations.
- Describe and apply the appropriate measurement and recognition criteria for the elements of the financial statements (Revenue, Expenses, Equity and Other Comprehensive Income), as required by the Singapore Financial Reporting Standards and related pronouncements and interpretations.
- Prepare a complete set of financial statements, including basic notes to the accounts, for a retail entity, a service entity, and a manufacturing entity.
- Demonstrate the appropriate presentation and disclosure of accounting policies, changes in estimates and errors, and events after the reporting date
- Be prepared to take the SCAQ Exam – Principles of Financial Reporting (PFF)
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
one week prior or until full enrolment.
Intended For
SCAQ Candidates taking Foundation Module – Principles of Financial Reporting (PFF) Examination
Programme Facilitator(s)
