To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.
Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.
Join us and be a Difference Maker! | | 
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Programme Objective
With the eminence of Environmental, Social & Governance, sustainable practices, and the Singapore Green Plan 2030. We have much to do to catch on the wave. Among them was, Singapore government’s plan to increase solar energy deployment by 5x to at least 2 gigawatt-peak (GWp) by 2030.
In response to government’s calling and green initiatives, there are an increasing number of companies switching to renewable energy to reduce their carbon footprint by signing Power Purchase Agreement (“PPA”). Such as placing solar system at the roof of their office building, malls, factories to generate and consume solar energy. Accountants, who are backbone of the company must be prepared for such transformation.
In this 7 hour live webinar, the participants will be equipped with knowledge to appreciate the accounting impacts to prepare their company for the change from both perspective as a customer and vendor:
This is an interactive session through case studies and question polls.
Programme Outline
Overview
- Macro view of green energy
- Carbon neutral vs Net zero
- What is Scope 1, 2 and 3?
- Difference between virtual PPA and physical PPA
- Mechanisms of PPA
- What is Renewable Energy Certificate (“REC”)?
- Accounting for REC
Application of the following FRS to Power Purchase Agreement (“PPA”)
FRS 1
- Presentation considerations
FRS 16
- Introduction to FRS 16
- Core principle
- Component accounting
- Case studies
FRS 23
- Introduction to FRS 23
- Core principle
- Capitalisation of borrowing costs
- Period allowable for cost capitalisation
- Case studies
FRS 115
- Introduction to FRS 115
- Core principle
- Key accounting considerations from customer and vendor perspective when signing a PPA
- Case studies
FRS 116
- Introduction to FRS 116
- Core principle & definition of lease
- Key accounting considerations from customer and vendor perspective when signing a PPA
- Case studies
Learning Outcome
Navigate through complexities of FRS 1, 16, 23, 115 and 116 from customer and vendor perspective on signing PPA, as well as accounting for renewable energy certificates.
Training Methodology
Lecture style with interactive participation, polls and walk-through of practical case examples.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
A Foundation to Intermediate Level program intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accounting and finance professionals who are involved in the preparation and interpretation of financial statements. Those who wish to gain an understanding of how FRS and U.S. GAAP can affect a company’s financials by adopting green initiatives are welcome to attend.
Competency Mapping
Category 1 = 7.00 Hours
Schedule & Fees
Date & Time
22 Nov 2024 (9:00 AM - 5:00 PM)
Registration is closed
Fee (inclusive of GST)
For Members:
$ 381.50
For Non-Members:
$ 458.89
Programme Facilitator(s)
Max Mo
Venue
Live Webinar 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)
Max Mo, CA (Singapore)
Max is currently the Chief Financial Officer of MET Asia Energy, a subsidiary of MET Group, Swiss integrated energy company. He is an experienced finance professional with more than 10 years of audit, accounting, tax, FP&A, group restructuring and M&A experience.
He was previously the Financial Controller – APAC with TotalEnergies Renewables, part of the core founding team which started the distribution generation business across APAC. Prior to that, he was an audit manager with Deloitte & Touche Singapore. During his time with Deloitte, he has extensive audit experience in Singapore listed companies, performed Initial Public Offering (“IPO”) services for his clients and advised clients on implementation of new FRS 109, 115 and 116.
Max holds a Bachelor of Accountancy (Honours) from Nanyang Technological University. He is a Chartered Accountant of Singapore from the Institute of Singapore Chartered Accountants and a Certified Internal Auditor from The Institute of Internal Auditors.
To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023.
Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF.
Join us and be a Difference Maker! | |
|
|
Programme Objective
With the eminence of Environmental, Social & Governance, sustainable practices, and the Singapore Green Plan 2030. We have much to do to catch on the wave. Among them was, Singapore government’s plan to increase solar energy deployment by 5x to at least 2 gigawatt-peak (GWp) by 2030.
In response to government’s calling and green initiatives, there are an increasing number of companies switching to renewable energy to reduce their carbon footprint by signing Power Purchase Agreement (“PPA”). Such as placing solar system at the roof of their office building, malls, factories to generate and consume solar energy. Accountants, who are backbone of the company must be prepared for such transformation.
In this 7 hour live webinar, the participants will be equipped with knowledge to appreciate the accounting impacts to prepare their company for the change from both perspective as a customer and vendor:
This is an interactive session through case studies and question polls.
Programme Outline
Overview
- Macro view of green energy
- Carbon neutral vs Net zero
- What is Scope 1, 2 and 3?
- Difference between virtual PPA and physical PPA
- Mechanisms of PPA
- What is Renewable Energy Certificate (“REC”)?
- Accounting for REC
Application of the following FRS to Power Purchase Agreement (“PPA”)
FRS 1
- Presentation considerations
FRS 16
- Introduction to FRS 16
- Core principle
- Component accounting
- Case studies
FRS 23
- Introduction to FRS 23
- Core principle
- Capitalisation of borrowing costs
- Period allowable for cost capitalisation
- Case studies
FRS 115
- Introduction to FRS 115
- Core principle
- Key accounting considerations from customer and vendor perspective when signing a PPA
- Case studies
FRS 116
- Introduction to FRS 116
- Core principle & definition of lease
- Key accounting considerations from customer and vendor perspective when signing a PPA
- Case studies
Learning Outcome
Navigate through complexities of FRS 1, 16, 23, 115 and 116 from customer and vendor perspective on signing PPA, as well as accounting for renewable energy certificates.
Training Methodology
Lecture style with interactive participation, polls and walk-through of practical case examples.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
A Foundation to Intermediate Level program intended for Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accounting and finance professionals who are involved in the preparation and interpretation of financial statements. Those who wish to gain an understanding of how FRS and U.S. GAAP can affect a company’s financials by adopting green initiatives are welcome to attend.
Competency Mapping
Category 1 = 7.00 Hours
Programme Facilitator(s)
Max Mo, CA (Singapore)
Max is currently the Chief Financial Officer of MET Asia Energy, a subsidiary of MET Group, Swiss integrated energy company. He is an experienced finance professional with more than 10 years of audit, accounting, tax, FP&A, group restructuring and M&A experience.
He was previously the Financial Controller – APAC with TotalEnergies Renewables, part of the core founding team which started the distribution generation business across APAC. Prior to that, he was an audit manager with Deloitte & Touche Singapore. During his time with Deloitte, he has extensive audit experience in Singapore listed companies, performed Initial Public Offering (“IPO”) services for his clients and advised clients on implementation of new FRS 109, 115 and 116.
Max holds a Bachelor of Accountancy (Honours) from Nanyang Technological University. He is a Chartered Accountant of Singapore from the Institute of Singapore Chartered Accountants and a Certified Internal Auditor from The Institute of Internal Auditors.