The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.Programme Objective IAS 21 (equivalent to SFRS (I) 1- 21, Section 30 of SFRS for small entities and FRS 21) is the financial reporting standard provided to guide accountants in identifying functional currency, reporting changes in foreign exchange in a transaction, balances and consolidation.This workshop aims to guide accountants in complying this reporting standard expediently. Get your solutions from this comprehensive and practical workshop.Learning ObjectivesUpon completion of this course, participants are able to:Understand and Report the impact of change in foreign exchange rates on financial statements as per IAS 21Compute the impact of change in foreign exchange rates in transactions and balances appropriatelyPresent and Disclose the impact of change in foreign exchange rates in financial statement appropriatelyReview the application of this financial reporting standard in case studies, in extending practical solutions to accountants
The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.Programme Objective IAS 21 (equivalent to SFRS (I) 1- 21, Section 30 of SFRS for small entities and FRS 21) is the financial reporting standard provided to guide accountants in identifying functional currency, reporting changes in foreign exchange in a transaction, balances and consolidation.This workshop aims to guide accountants in complying this reporting standard expediently. Get your solutions from this comprehensive and practical workshop.Learning ObjectivesUpon completion of this course, participants are able to:
Introduction to IAS 21The Scope of IAS 21Differentiating and Identification of Functional and Presentation CurrencyCase study: Identifying the functional currency in a reporting entityMeasurement and Accounting treatment of changes in foreign exchange rates on a transactionMeasurement and Accounting treatment of changes in foreign exchange rates on a balanceCase study: Computing and Reporting a purchase of an asset in foreign currency, from ordering till settlement (including deferred payment, tax effects and financial year end reporting)Translating a financial statement in foreign exchange currency into another presentation currencyCase study: Translating financial statement of a foreign subsidiary into another presentation currency, for the purpose of consolidation at Group levelQuestions and Answers Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsoryMandatory for video camera to be turned on throughout the courseDisplay your official name (as per NRIC) in Zoom, to facilitate attendance takingTraining MethodologyInteractive presentations, together with class exercises, case studies simulations and discussions.Closing Date for Registration1 week before programme or until full enrolment.
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyInteractive presentations, together with class exercises, case studies simulations and discussions.Closing Date for Registration1 week before programme or until full enrolment.
• Accountants • Financial reporting officers • Internal audit • Compliance • Academicians
Category 1 = 3.50 Hours
11 Oct 2022 (9:00 AM - 12:30 PM)
For Members: $ 175.48 For Non-Members: $ 208.65
Jessica Hong
CA(M) CPA
Jessica’s career with PricewaterhouseCoopers had given her invaluable experience in system assurance, management assurance, audit, fraud investigations, system implementations, due diligence and many other challenging assignments. All these provided her with deep insights of financial management practices and their impact on corporate performance. Her financial skills training local and international experiences made her an invaluable resource to participants in her financial skills programmes.
Jessica always delivers her financial skills programmes in a refreshing way, and helps accelerate the learning curves of the non-finance professionals. Financial courses need not be dull and boring; they can be fun, stimulating and personally motivating. Jessica has varied and vast commercial experience in developing and implementing credit control policies, project management, debt recovery training, system integration and many other management effectiveness & efficiency assignments.
Jessica is a Malaysian Chartered Accountant and holds a Bachelor of Accountancy from University of Malaya and she completed her post-graduate studies in Management Development Programme at INSEAD, Singapore.
She was trained by Michael Wells, Director, IFRS Education Initiative, IFRS Foundation and Paul Pacter, IASB Member & Chairman of the SME Implementation Group in Singapore recently, to be an IFRS Trainer (IFRS is International Financial Reporting Standard). Some of her major clients she worked with during her career include Malvern International, ACCA, CTBC Bank, MSIG, OCBC Bank and Central Bank of Malaysia.
Online Classroom in or outside ofSingapore
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This Course is Intended for CA Singapore Users..
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
05 Jul 2022 - 05 Jul 2022