Course Detail()
Not Available

UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar


This session is also conducted in-person at ISCA House. Please click here to register for the in-person session. 
 

Programme Objective

To discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective from the years 2022 - 2024.

Programme Outline

  1. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2022
    • Amendments to SFRS(I) 3 Reference to the Conceptual Framework
    • Amendments to SFRS(I) 1-16 Property, Plant and Equipment - Proceeds before Intended Use
    •  Amendments to SFRS(I) 1-37 Onerous Contracts—Cost of Fulfilling a Contract
    •  Annual Improvements to SFRS(I)s 2018–2020 
  2. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023
    • Amendments to SFRS(I) 1-1 and SFRS(I) Practice Statement 2 Disclosure of Accounting Policies
    • Amendments to SFRS(I) 1-8 Definition of Accounting Estimates
    • Amendments to SFRS(I) 1-12 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction
  3. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024
    • Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current 
    • Amendments to SFRS(I) 1-1 Non-Current Liabilities with Covenants
    • Financial Reporting Bulletin 3 Classification of Liabilities as Current or Non-Current
    • Amendments to SFRS(I) 16 Lease Liability in a Sale and Leaseback
  4. IFRS INTERPRETATIONS COMMITTEE (“IFRIC”) UPDATES
    • SFRS(I) 1-7 Statement of Cash Flows - Demand Deposits with Restrictions on Use
    • SFRS(I) 1-2  Inventories - Costs Necessary to Sell Inventories 
    • SFRS(I) 1-10 Events after the Reporting Period -  Preparation of Financial Statements when an Entity is No Longer a Going Concern

 

Training Methodology
Lecture style with exercises / case studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

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)


This session is also conducted in-person at ISCA House. Please click here to register for the in-person session. 
 

Programme Objective

To discuss the provisions of the new/revised Financial Reporting Standards issued by the Accounting Standards Council and effective from the years 2022 - 2024.

Programme Outline

  1. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2022
    • Amendments to SFRS(I) 3 Reference to the Conceptual Framework
    • Amendments to SFRS(I) 1-16 Property, Plant and Equipment - Proceeds before Intended Use
    •  Amendments to SFRS(I) 1-37 Onerous Contracts—Cost of Fulfilling a Contract
    •  Annual Improvements to SFRS(I)s 2018–2020 
  2. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023
    • Amendments to SFRS(I) 1-1 and SFRS(I) Practice Statement 2 Disclosure of Accounting Policies
    • Amendments to SFRS(I) 1-8 Definition of Accounting Estimates
    • Amendments to SFRS(I) 1-12 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction
  3. SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024
    • Amendments to SFRS(I) 1-1 Classification of Liabilities as Current or Non-Current 
    • Amendments to SFRS(I) 1-1 Non-Current Liabilities with Covenants
    • Financial Reporting Bulletin 3 Classification of Liabilities as Current or Non-Current
    • Amendments to SFRS(I) 16 Lease Liability in a Sale and Leaseback
  4. IFRS INTERPRETATIONS COMMITTEE (“IFRIC”) UPDATES
    • SFRS(I) 1-7 Statement of Cash Flows - Demand Deposits with Restrictions on Use
    • SFRS(I) 1-2  Inventories - Costs Necessary to Sell Inventories 
    • SFRS(I) 1-10 Events after the Reporting Period -  Preparation of Financial Statements when an Entity is No Longer a Going Concern

 

Training Methodology
Lecture style with exercises / case studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Programme Facilitator(s)


No course instances or course instance sessions available.