Course Detail(A026 : Accounting meets Tax: Employee Benefits and Share-based Payment (FRS 19, FRS 102))

A026 : Accounting meets Tax: Employee Benefits and Share-based Payment (FRS 19, FRS 102)

7.00 CPE Hours (Category 1)
Classroom


Programme Objective
This full redeveloped course will introduce the participants to the most common national and international employee benefit schemes and their accounting implications:
 

  • Performance Bonus,
  • Benefits in kind,
  • Long-term service rewards,
  • Retirement awards (deferred contribution and defined benefit plans)
  • Share-based payments (equity and cash settled)
 
Additionally the course will focus on recognition and measurement of legal payments of termination benefits, gardening leave, compensation of loss of workspace, good and bad leaver provisions etc.

All benefits and their accounting implication will be discussed based on practical hands-on examples and case studies. For the more complex topics the view of the Singaporean Inland Revenues Authority will be explained and illustrated. The course will additionally cover the accounting for any deferred taxes resulting from different views between FRS and Singapore Tax Code on any of the fore standing topics

Programme Outline

A. Employee Benefits (FRS 19)

1. Introduction and Overview
2. Benefits payable during employment
  • Cash payments to employee trusts
  • Long term benefits & disability
3. Termination benefits
4. Post-employment benefits
  • Defined Contribution Plan
  • Defined Benefit Plan
a. Funded vs. unfunded plans
b. Plan assets recognition & measurement
c. Defined Benefit Obligation
d. Actuarial gains & losses
 
B. Share-based payments (FRS 102)
1. Introduction and Overview
2. Equity-settled share-based transactions
  • Measurement: Grant date vs. Award day
  • Vesting: Conditions and Timing
  • Vesting: Cancellation vs. Modification
  • Fair Value techniques
3. Cash-settled share-based transactions
  • Measurement: liability approach
  • Settlement methods: Choice for the entity or the employee

4. Group Plans (with and without recharge)

Training Methodology
Lecture style, with Exercises / Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

10 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Michel Herrmann

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

04 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

26 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Date & Time

25 Apr 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Michel Herrmann

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.


Programme Objective
This full redeveloped course will introduce the participants to the most common national and international employee benefit schemes and their accounting implications:
 

  • Performance Bonus,
  • Benefits in kind,
  • Long-term service rewards,
  • Retirement awards (deferred contribution and defined benefit plans)
  • Share-based payments (equity and cash settled)
 
Additionally the course will focus on recognition and measurement of legal payments of termination benefits, gardening leave, compensation of loss of workspace, good and bad leaver provisions etc.

All benefits and their accounting implication will be discussed based on practical hands-on examples and case studies. For the more complex topics the view of the Singaporean Inland Revenues Authority will be explained and illustrated. The course will additionally cover the accounting for any deferred taxes resulting from different views between FRS and Singapore Tax Code on any of the fore standing topics

Programme Outline

A. Employee Benefits (FRS 19)

1. Introduction and Overview
2. Benefits payable during employment
  • Cash payments to employee trusts
  • Long term benefits & disability
3. Termination benefits
4. Post-employment benefits
  • Defined Contribution Plan
  • Defined Benefit Plan
a. Funded vs. unfunded plans
b. Plan assets recognition & measurement
c. Defined Benefit Obligation
d. Actuarial gains & losses
 
B. Share-based payments (FRS 102)
1. Introduction and Overview
2. Equity-settled share-based transactions
  • Measurement: Grant date vs. Award day
  • Vesting: Conditions and Timing
  • Vesting: Cancellation vs. Modification
  • Fair Value techniques
3. Cash-settled share-based transactions
  • Measurement: liability approach
  • Settlement methods: Choice for the entity or the employee

4. Group Plans (with and without recharge)

Training Methodology
Lecture style, with Exercises / Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Michel Herrmann
WP, StB, CPA (US and Singapore)

 
Michel has accumulated over 10 years experience in accounting advisory and was with PricewaterhouseCoopers since 2001. He has gained extensive experience in advising multinational companies with complex accounting and tax structures, specializing on accounting issues and structuring in the areas of business combinations, revenue recognition, deferred tax and financial instruments.
While working in Germany, Michel was a member of the German technical accounting group and also a frequent guest speaker at the University of Giessen and the national convention of German CPAs. Michel has co-authored several publications on international accounting. He graduated with a MBA from the University of Mannheim, and is qualified as a US-CPA, SG-CPA, German tax advisor and German CPA.

Upcoming Schedule

Date & Time

10 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Michel Herrmann

Venue

60 Cecil Street
ISCA House
Singapore 049709