This course will focus on unpacking the top five accounting areas with non-compliance identified in the Financial Reporting Surveillance Report (FRSR) 2024 issued by the Accounting and Corporate Regulatory Authority (ACRA). Through illustrative case studies, participants will gain practical guidance on how to enhance the quality of their financial statements, avoid common pitfalls and strengthen financial reporting practices.

At the end of this course, you will be able to:

• Identify and apply key financial reporting requirements highlighted the FRSR 2024 published by ACRA;
• Evaluate common areas of non-compliance such as impairment assessments and disclosures
• Implement best practices to enhance the quality and accuracy of financial statements in alignment with regulatory expectations.

Programme Outline

• Common findings observed:
  • Consolidation/Equity accounting
  • Impairment of assets
  • Financial Instruments
  • Presentation in Financial Statement
  • Presentation in Cash Flow Statement

• Illustrative case studies and observations:
  • Consolidation/Equity accounting
  • Presentation in Cash Flow Statement
• Best practices in addressing avoidable errors in financial statements:
  • Oversights in basic accounting practices
  • Prioritising convenience over compliance
  • Operational challenges

Training Methodology*

Intended For

This course is designed for Professional Accountants, Financial Controllers, Finance Directors, Chief Financial Officers (CFOs), and board-level Directors involved in financial reporting and oversight.

Programme Facilitator(s)