Course Detail()

This session is delivered via live webinar (zoom platform).

Programme Objective

The objective is to equip accountants with the consolidation techniques, from the basic principles to more specific aspects such as changes in shareholding interest.

The seminar will be practice-oriented, using case studies to illustrate the consolidation procedures.

Programme Outline

Consolidation at the date of acquisition
Determining cost of acquisition

Combination of accounts
Fair value adjustments
Goodwill on consolidation
Presentation and measurement of non-controlling interest
Consolidation subsequent to the date of acquisition
Consolidated statement of comprehensive income
Pre-acquisition and post-acquisition reserves
Intragroup account balances
Unrealised intragroup profit and losses
Intragroup sale of non-depreciable assets
Intragroup sale of inventories
Intragroup sale of depreciable assets
Intragroup charges
Intragroup dividend
Tax effect on unrealised intragroup profits and losses
Changes in shareholding interest
Step acquisition
Increase in shareholding interest in a subsidiary
Decrease in shareholding interest in a subsidiary without loss of control
Decrease in shareholding interest in a subsidiary with loss of control

Pre-requisites

Please take note of the following admission requirements:

Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

Training Methodology

Lecture style, with case studies for discussion, Quiz / Knowledge Check

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation level programme intended for Accountants who need to produce consolidated accounts. Auditors and Finance professionals who wish to understand basic consolidation procedures and journal entries, will also find this programme useful.

Schedule & Fees

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 05 Jan 2024
Course Reference Number: TGS-2020502462

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees.

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Step 1: You will need to ensure that you have sufficient SkillsFuture Credits in your SkillsFuture Credit account in order to make a successful claim. Please check your SFC account balance here.
Step 2: Register for the course online via ISCA Portal.
Step 3: Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information.
Step 4: At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
Step 5:Upon receiving an email that the programme status is confirmed, please proceed to submit SFC claim on SkillsFuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal (www.myskillsfuture.gov.sg).

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $43.20 for any revision of invoice.

2] 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)