Course Detail()

UTAP Funding

14.00 CPE Hours (Category 1)
Classroom

Programme Overview
 
The principles of accounting Standards are constantly evolving due to the improvements, amendments and issuance of new Standards in order to account for the complex and diverse business environments. Keeping up to date with the practices of accounting Standards under such dynamic environment is a daunting task for every accountant in practice. This seminar attempts to make the task easier by giving an overview of the principles in the selected Standards and most important of all how these principles are being interpreted in light to contemporary practices.
 
Accounting Standards Council of Singapore issued a new reporting framework ‘Singapore Financial Reporting Standards (International)’ [SFRS(I)]. These Standards are equivalent to International Financial Reporting Standards (IFRS). The SFRS(I) that are applicable for financial period beginning on or after 1 January 2018. Compliance with SFRS(I) is mandatory for companies listed in SGX for annual financial period beginning on or after 1 January 2018.
 
 
Programme Objective
 
The seminar gives a practical analysis and review of selected FRSs and IFRSs. It is intended for busy professionals requiring a refresher course on the technical principles of Financial Reporting Standards and their applications in accordance with Generally Accepted Accounting Practice in Singapore. The seminar uses practical scenarios to address the complex issues of interpreting the principles of the Standards. It highlights areas where practitioners may come to different interpretations and how these differences may be overcome based on past experience and the use of judgement derived from the “Framework”.

 

Programme Outline

 

IFRSSFRS(I)FRSPART I
OVERVIEW AND ANALYSIS OF SELECTED FINANCIAL REPORTING ISSUES
   PRESENTATION AND DISLCOSURE OF FINANCIAL STATEMENTS
IAS 1SFRS(I) 1-1FRS1Presentation of Financial Statements
IAS 7SFRS(I) 1-7FRS7Statement of Cash Flows
IAS 24SFRS(I) 1-24FRS24Related Party Disclosures
 
   REVENUE AND OTHER TRANSACTIONS AND EVENTS
IFRS 15IFRS 15FRS115Revenue from Contracts with Customers (Effective 1 January 2018)
IAS 8 SFRS(I) 1-8 FRS8Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10SFRS(I) 1-10FRS10Events After the Reporting Period
 
   STANDARDS AFFECTING MEASUREMENT
IAS 21SFRS(I) 1-21FRS21The Effect of Changes in Foreign Exchange Rates
IAS 23SFRS(I) 1-23FRS23Borrowing Costs
IFRS 13SFRS(I) 13FRS113Fair Value Measurement
 
 
 
 
 
 PART II
ASSETS AND LIABILITIES
   ACCOUNTING FOR NON-CURRENT ASSETS
IAS 16SFRS(I) 1-16FRS16Property, Plant and Equipment
IAS 40SFRS(I) 1-40FRS40Investment Property
IAS 38SFRS(I) 1-38FRS38Intangible Assets
IAS 36SFRS(I) 1-36FRS36Impairment of Assets
IFRS 5SFRS(I) 5FRS105Non-current Assets Held for Sale and Discontinued Operations
 
   ACCOUNTING FOR OBLIGATIONS
IAS 37SFRS(I) 1-37FRS37Provisions, Contingent Liabilities and Contingent Assets
IAS 20SFRS(I) 1-20FRS20Accounting for Government Grants and Disclosure of Government Assistance
IFRS 16SFRS(I) 16FRS116Leases (Effective 1 January 2019)
 
 
 
 
 
 PART III
FINANCIAL INSTRUMENTS AND
ACCOUNTING FOR INVESTMENT INTERESTS
   FINANCIAL INSTRUMENTS
IAS 32SFRS(I) 1-32FRS32Financial Instruments: Presentation
IFRS 7SFRS(I) 7FRS107Financial Instruments: Disclosure
IFRS 9SFRS(I) 9FRS109Financial Instruments (Effective 1 January 2018)
 
   BUSINESS COMBINATIONS AND SUBSTANTIAL INVESTMENT INTEREST
IFRS 3SFRS(I) 3FRS103Business Combinations
IAS 27SFRS(I) 1-27FRS27Separate Financial Statements
IAS 28SFRS(I) 1-28FRS28Investments in Associates and Joint Ventures
IFRS 10SFRS(I) 10FRS110Consolidated Financial Statements
IFRS 11SFRS(I) 11FRS111Joint Arrangement
IFRS 12SFRS(I) 12FRS112Disclosure of Interest in Other Entities
 

 
Training Methodology

Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
  
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a concise practical course that can comprehensively cover and/or provide a refresher of the principles of IFRS, SFRS(I) and FRS, as well as a discussion on the potential changes and updates on the current Generally Accepted Accounting Practice are welcome to attend.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2021 – 31 March 2022.
 
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)

Programme Overview
 
The principles of accounting Standards are constantly evolving due to the improvements, amendments and issuance of new Standards in order to account for the complex and diverse business environments. Keeping up to date with the practices of accounting Standards under such dynamic environment is a daunting task for every accountant in practice. This seminar attempts to make the task easier by giving an overview of the principles in the selected Standards and most important of all how these principles are being interpreted in light to contemporary practices.
 
Accounting Standards Council of Singapore issued a new reporting framework ‘Singapore Financial Reporting Standards (International)’ [SFRS(I)]. These Standards are equivalent to International Financial Reporting Standards (IFRS). The SFRS(I) that are applicable for financial period beginning on or after 1 January 2018. Compliance with SFRS(I) is mandatory for companies listed in SGX for annual financial period beginning on or after 1 January 2018.
 
 
Programme Objective
 
The seminar gives a practical analysis and review of selected FRSs and IFRSs. It is intended for busy professionals requiring a refresher course on the technical principles of Financial Reporting Standards and their applications in accordance with Generally Accepted Accounting Practice in Singapore. The seminar uses practical scenarios to address the complex issues of interpreting the principles of the Standards. It highlights areas where practitioners may come to different interpretations and how these differences may be overcome based on past experience and the use of judgement derived from the “Framework”.

 

Programme Outline

 

IFRSSFRS(I)FRSPART I
OVERVIEW AND ANALYSIS OF SELECTED FINANCIAL REPORTING ISSUES
   PRESENTATION AND DISLCOSURE OF FINANCIAL STATEMENTS
IAS 1SFRS(I) 1-1FRS1Presentation of Financial Statements
IAS 7SFRS(I) 1-7FRS7Statement of Cash Flows
IAS 24SFRS(I) 1-24FRS24Related Party Disclosures
 
   REVENUE AND OTHER TRANSACTIONS AND EVENTS
IFRS 15IFRS 15FRS115Revenue from Contracts with Customers (Effective 1 January 2018)
IAS 8 SFRS(I) 1-8 FRS8Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10SFRS(I) 1-10FRS10Events After the Reporting Period
 
   STANDARDS AFFECTING MEASUREMENT
IAS 21SFRS(I) 1-21FRS21The Effect of Changes in Foreign Exchange Rates
IAS 23SFRS(I) 1-23FRS23Borrowing Costs
IFRS 13SFRS(I) 13FRS113Fair Value Measurement
 
 
 
 
 
 PART II
ASSETS AND LIABILITIES
   ACCOUNTING FOR NON-CURRENT ASSETS
IAS 16SFRS(I) 1-16FRS16Property, Plant and Equipment
IAS 40SFRS(I) 1-40FRS40Investment Property
IAS 38SFRS(I) 1-38FRS38Intangible Assets
IAS 36SFRS(I) 1-36FRS36Impairment of Assets
IFRS 5SFRS(I) 5FRS105Non-current Assets Held for Sale and Discontinued Operations
 
   ACCOUNTING FOR OBLIGATIONS
IAS 37SFRS(I) 1-37FRS37Provisions, Contingent Liabilities and Contingent Assets
IAS 20SFRS(I) 1-20FRS20Accounting for Government Grants and Disclosure of Government Assistance
IFRS 16SFRS(I) 16FRS116Leases (Effective 1 January 2019)
 
 
 
 
 
 PART III
FINANCIAL INSTRUMENTS AND
ACCOUNTING FOR INVESTMENT INTERESTS
   FINANCIAL INSTRUMENTS
IAS 32SFRS(I) 1-32FRS32Financial Instruments: Presentation
IFRS 7SFRS(I) 7FRS107Financial Instruments: Disclosure
IFRS 9SFRS(I) 9FRS109Financial Instruments (Effective 1 January 2018)
 
   BUSINESS COMBINATIONS AND SUBSTANTIAL INVESTMENT INTEREST
IFRS 3SFRS(I) 3FRS103Business Combinations
IAS 27SFRS(I) 1-27FRS27Separate Financial Statements
IAS 28SFRS(I) 1-28FRS28Investments in Associates and Joint Ventures
IFRS 10SFRS(I) 10FRS110Consolidated Financial Statements
IFRS 11SFRS(I) 11FRS111Joint Arrangement
IFRS 12SFRS(I) 12FRS112Disclosure of Interest in Other Entities
 

 
Training Methodology

Lecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.
  
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a concise practical course that can comprehensively cover and/or provide a refresher of the principles of IFRS, SFRS(I) and FRS, as well as a discussion on the potential changes and updates on the current Generally Accepted Accounting Practice are welcome to attend.

Programme Facilitator(s)


No course instances or course instance sessions available.