Course Detail(A063 : FRS 28: Investment in Associates)
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A063 : FRS 28: Investment in Associates

3.50 CPE Hours (Category 1)
Classroom

Programme Objective

To equip participants with the ability to apply the equity method and to report the investment in associate in accordance with the requirements in FRS 28. 

Participants will be able to:

  • Understand the definitions in FRS 28, particularly the concept of ‘significant influence’
  • Understand the rationale and principles underlying the equity method
  • Apply the procedures for accounting for investments in associates in accordance to FRS 28
  • Apply the accounting treatment for impairment losses
  • Know the disclosure requirements when reporting for investment in associates 

Programme Outline

  • Scope
  • Definitions
    • Significant influence
    • Equity method
    • Other terms
  • Identifying an associate
    • Overriding principle
    • Present ownership interests
    • Potential voting rights
    • Other sources of significant influence
  • Application of the equity method
    • Exceptions to applying the equity method
    • Applying the substance of consolidation
    • Upstream and downstream transfers
    • Applicability of FRS 103
    • Presentation of the effects of the equity method
    • Accounting policies
    • Non-coterminous reporting dates
    • Discontinuation of the equity method
    • Other considerations
  • Impairment losses
    • Applicability of FRS 39
    • Special considerations
  • Disclosures  


Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme targeted at both Accounting and Audit Professionals. Those who wish to achieve a deeper understanding in FRS 28 are encouraged to attend.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees
Date & Time

28 Oct 2022 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 205.44
For Non-Members: $ 245.03

Programme Facilitator(s)

Kee Sok Hwee Matilda

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Kee Sok Hwee Matilda
Fellow Chartered Accountant of Singapore
 
Ms Kee Sok Hwee Matilda is a Fellow Chartered Accountant (FCA) of the Institute of Singapore Chartered Accountants (ISCA).
 
She has 30 years of professional practice experience in auditing and financial accounting.  She has held appointments of Audit Senior Manager and Associate Director for Learning and Development at KPMG. As an Associate Director, she developed and conducted training on audit methodologies, FRSs and banking laws and regulations for 7 years.  She also held the position of Deputy Director at the Monetary Authority of Singapore with responsibilities for financial supervision of banks. Over the years, she has accumulated overseas working experience through international audit secondment and representation at international central bank supervisors meetings.
 
She is an Associate Lecturer and teaches courses in financial and management accounting and business statistics.  She is also an independent technical and training consultant and a facilitator for the Singapore Qualification Programme (QP) Professional Development workshops.

Programme Objective

To equip participants with the ability to apply the equity method and to report the investment in associate in accordance with the requirements in FRS 28. 

Participants will be able to:

  • Understand the definitions in FRS 28, particularly the concept of ‘significant influence’
  • Understand the rationale and principles underlying the equity method
  • Apply the procedures for accounting for investments in associates in accordance to FRS 28
  • Apply the accounting treatment for impairment losses
  • Know the disclosure requirements when reporting for investment in associates 

Programme Outline

  • Scope
  • Definitions
    • Significant influence
    • Equity method
    • Other terms
  • Identifying an associate
    • Overriding principle
    • Present ownership interests
    • Potential voting rights
    • Other sources of significant influence
  • Application of the equity method
    • Exceptions to applying the equity method
    • Applying the substance of consolidation
    • Upstream and downstream transfers
    • Applicability of FRS 103
    • Presentation of the effects of the equity method
    • Accounting policies
    • Non-coterminous reporting dates
    • Discontinuation of the equity method
    • Other considerations
  • Impairment losses
    • Applicability of FRS 39
    • Special considerations
  • Disclosures  


Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme targeted at both Accounting and Audit Professionals. Those who wish to achieve a deeper understanding in FRS 28 are encouraged to attend.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Kee Sok Hwee Matilda
Fellow Chartered Accountant of Singapore
 
Ms Kee Sok Hwee Matilda is a Fellow Chartered Accountant (FCA) of the Institute of Singapore Chartered Accountants (ISCA).
 
She has 30 years of professional practice experience in auditing and financial accounting.  She has held appointments of Audit Senior Manager and Associate Director for Learning and Development at KPMG. As an Associate Director, she developed and conducted training on audit methodologies, FRSs and banking laws and regulations for 7 years.  She also held the position of Deputy Director at the Monetary Authority of Singapore with responsibilities for financial supervision of banks. Over the years, she has accumulated overseas working experience through international audit secondment and representation at international central bank supervisors meetings.
 
She is an Associate Lecturer and teaches courses in financial and management accounting and business statistics.  She is also an independent technical and training consultant and a facilitator for the Singapore Qualification Programme (QP) Professional Development workshops.

Upcoming Schedule

Date & Time

28 Oct 2022 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)

For Members: $ 205.44
For Non-Members: $ 245.03

Programme Facilitator(s)

Kee Sok Hwee Matilda

Venue

60 Cecil Street
ISCA House
Singapore 049709


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