Course Detail(A080 : Hedge Accounting: A Practical Approach)

SDF Funding, SkillsFuture Credit, UTAP Funding

A080 : Hedge Accounting: A Practical Approach

7.00 CPE Hours (Category 1)
Classroom

Programme Objective
 
A practical hands-on seminar intended to allow participants to perform hedges on commonly used financial instruments under IAS 39. The seminar will also focus on the actual preparation and testing aspect of hedge accounting.

Programme Outline

  • Basic concept of hedge accounting under IAS 39
  • Rules and guidelines of hedge accounting under IAS 39 requirement
  • Practical preparation of the hedge documentation
  • Different effectiveness testing methods used for the prospective and retrospective testing (Will provide sample valuation models for them to try on the various effectiveness testing)
  • Practical practice of how to conduct the testing based on the valuation methods of the instruments (Will be a spreadsheet exercise to let the participant have hands-on experience)
  • Practical Challenges faced by corporate who adopted hedge accounting and suggested ways to overcome it.
  • New proposal changes in hedge accounting rules under IFRS 9

Participants are required to bring along their Laptops for hands-on exercises

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 seminar intended for Accounting, Audit and Finance Professionals who are interested to apply their knowledge of Hedge Accounting to perform hedges on commonly used financial instruments.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

25 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Ng Choon Kiat

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

04 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Ng Choon Kiat

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)

Ng Choon Kiat

Date & Time

05 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Ng Choon Kiat

Date & Time

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

Registration is closed

Programme Facilitator(s)

Ng Choon Kiat

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 22 Apr 2020
Course Ref No.: CRS-N-0031500

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

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

  • Step 1: Register for the course online via ISCA Portal. 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. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, 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 here: http://www.skillsfuture.sg/credit.

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 $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 22 Apr 2020
Funded Hours: 7 hours
Course Ref No.: CRS-N-0031500

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
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)


Ng Choon Kiat
CA (Singapore), CFA, CFSA


Choon Kiat is currently with Standard Chartered Bank as Senior Technical Accountant. Prior to this, Choon Kiat was an Senior Audit Manager (Global Financial Service Industry – GFSI) with Deloitte and Touche LLP, specializing in Valuation and Accounting Treatment of Financial Instruments. He has conducted numerous IFRS and Valuation trainings in Singapore as well as the Southeast Asian regions.

His credentials include:

  • Non-practicing member of the Institute of Singapore Chartered Accountants (ISCA)
  • Chartered Financial Analyst (CFA) Charter-holder
  • Certified Financial Services Auditor (CFSA) from Institute of Internal Auditors
  • Master in Financial Engineering (NUS) 

Programme Objective
 
A practical hands-on seminar intended to allow participants to perform hedges on commonly used financial instruments under IAS 39. The seminar will also focus on the actual preparation and testing aspect of hedge accounting.

Programme Outline

  • Basic concept of hedge accounting under IAS 39
  • Rules and guidelines of hedge accounting under IAS 39 requirement
  • Practical preparation of the hedge documentation
  • Different effectiveness testing methods used for the prospective and retrospective testing (Will provide sample valuation models for them to try on the various effectiveness testing)
  • Practical practice of how to conduct the testing based on the valuation methods of the instruments (Will be a spreadsheet exercise to let the participant have hands-on experience)
  • Practical Challenges faced by corporate who adopted hedge accounting and suggested ways to overcome it.
  • New proposal changes in hedge accounting rules under IFRS 9

Participants are required to bring along their Laptops for hands-on exercises

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 seminar intended for Accounting, Audit and Finance Professionals who are interested to apply their knowledge of Hedge Accounting to perform hedges on commonly used financial instruments.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Ng Choon Kiat
CA (Singapore), CFA, CFSA


Choon Kiat is currently with Standard Chartered Bank as Senior Technical Accountant. Prior to this, Choon Kiat was an Senior Audit Manager (Global Financial Service Industry – GFSI) with Deloitte and Touche LLP, specializing in Valuation and Accounting Treatment of Financial Instruments. He has conducted numerous IFRS and Valuation trainings in Singapore as well as the Southeast Asian regions.

His credentials include:

  • Non-practicing member of the Institute of Singapore Chartered Accountants (ISCA)
  • Chartered Financial Analyst (CFA) Charter-holder
  • Certified Financial Services Auditor (CFSA) from Institute of Internal Auditors
  • Master in Financial Engineering (NUS) 

Upcoming Schedule

Date & Time

25 Jun 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Ng Choon Kiat

Venue

60 Cecil Street
ISCA House
Singapore 049709