3032 Business Courses available
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Employee Benefits and Share-based Payment Under FRS 19 and FRS 102
The programme aims to provide an overview over the most common national and international employee benefit schemes and their accounting implications. The programme will cover defined contribution, defined benefit plans, early termination benefits, golden parachutes and handshakes. In addition it
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Accounting for Financial Instruments Under FRS 32, 39 and FRS 107
This programme aims to provide an overview on the classification, recognition, measurement and disclosure requirements of financial instruments under FRS. The programme covers FRS 32, FRS 39 and FRS 107. In addition the programme gives an update on the latest changes to the standards in 2010 and
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FRS 12 Income Taxes
This programme provides an overview of FRS 12 Income Taxes with several illustrative examples to explain the application of the requirements of FRS 12. To anchor an understanding of the application of the standard, the programme explains the rationale for the tax base approach and complex require
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Deferred Tax and Uncertain tax positions under FRS
This programme aims to provide an overview on the recognition, measurement and presentation of deferred tax. The programme will advise on how to identify and measure temporary difference for tax residents under pioneer and DEI status. The participants will be introduced to deferred tax issues on
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Accounting differences between FRS and US GAAP
This programme aims to provide an overview on the key differences between FRS and US GAAP. The programme aims to illustrate the impact of the different accounting rules on the financial statements of the companies. Additionally the programme provides an inside on the current roadmap of IFRS in th
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Construction Contracts
1) To provide a clear understanding on the underlying principles and rationale for the revenue recognition principles in FRS 11; and
2) To equip participants with the ability to apply the special revenue and cost allocation and recognition, measurement and disclosure requirements in FRS 11
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Investment in Associates
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
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Accounting Policies, Changes in Accounting Estimates and Errors
- To facilitate a clear understanding of the principles, facts and circumstances that determine changes in accounting policies, changes in accounting estimates and correction of errors.
- To explain how the req
- To facilitate a clear understanding of the principles, facts and circumstances that determine changes in accounting policies, changes in accounting estimates and correction of errors.
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Hedge Accounting: A Practical Approach
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
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Preparation of Financial Statements: Essential FRSs
The seminar provides guidance to help participants prepare financial statements using key Financial Reporting Standards (FRS). The primary emphasis of this seminar is to focus on existing financial reporting standards that are widely applicable to a broad spectrum of industries. In addition, the
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Fair Value Accounting (Under the New FRS 113) for Non Financial Items
This programme provides an overview on the application of fair value measurements for non-financial items, its accounting techniques and disclosures that are applicable to various FRSs. It also provides an analysis of current developments by IASB in fair value measurement guidance.
Progr
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FRS for Small and Medium-Sized Entities Training
This programme aims to provide an introduction to the FRS accounting standards applicable for SME. The programme will highlight the benefits of stand-alone standards of FRS and give the participants the possibility to discuss practical application issues concerning presentation, recognition, meas
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Investment Property
To equip participants with a competent understanding of the accounting treatment for investment property and related disclosure requirements.
To ensure that participants are able to:
- Identify an investment property in accordance the definition i
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Provisions, Contingent Liabilities and Contingent Assets
To equip participants with a clear understanding of and the ability to apply the recognition criteria and measurement bases as applied to provisions, contingent liabilities and contingent assets and the required disclosures.
To ensure that participants are able to:
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Consolidated Financial Statements: Preparation and Presentation in the Singapore Context
To discuss and illustrate the issues related to the preparation and presentation of consolidated financial statements in the Singapore context.
After this two-day course, participants should be able to prepare the consolidated financial statements in compliance with the new Singapore legal
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Preparation and Presentation of Statement of Cash Flows for Separate and Group Entities under FRS 7, FRS 21 and FRS 27
Cash flow information helps the users to assess an entity’s ability to generate cash and cash equivalents as well as useful to users in assessing and comparing the present value of the future cash flows of different entities. Information on historical cash flows is often used as basis for predi
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Property, Plant and Equipment
To facilitate a clear understanding of how the accounting treatment for property, plant and equipment provide users of the financial statements with information about an entity’s investment in its property, plant and equipment and the changes in such investment.
Programme Objective
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Borrowing Costs
To enable participants to understand the core principle of FRS 23 and apply the requirements relating to the accounting and reporting of borrowing costs.
To ensure that participants are able to:
- Understand the definition of borrowing cost
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Events after the Balance Sheet Date
1) To facilitate a clear understanding of the differences between adjusting and non-adjusting events; and
2) To enable participants to apply FRS 10 appropriately for events arising after the balance sheet date.
To ensure that participants are able to:
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SFRS for Small Entities: The Practical SME Accounting Toolkit
The Accounting Standards Council has adopted the International Financial Reporting Standard for Small and Medium-sized Entities (“IFRS for SMEs”) as the Singapore Financial Reporting Standard for Small entities (“SFRS for small entities”) as at 30 November 2010. This programme provides a
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Economics of the Functional Currency and FRS 21
Companies need to identify their functional currency appropriately to achieve the objectives of FRS 21 The Effects of Changes in Foreign Exchange Rates. If the functional currency is incorrectly determined, the translation gains and losses will not reflect the effects of an entity’s transaction
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FRS for Management: Understanding and Applying FRSs in Business Decisions
FRS poses significant challenges not just for the preparers and external auditors but also to management of companies. Decision made by management in the course of business may not be reflected on the published financial statements as management intended. Management made business decision to acqu
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Financial Statements: Presentation and Disclosures
To enable participants to Effectively prepare Financial Statements using the Presentation and Disclosure requirements under selected sections of FRSs under FRS 1, FRS 8, FRS 107, FRS 7, FRS 36, FRS 40, FRS 108 and FRS 11.
Programme Outline
FRS 1: Presentation of Financ
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ED Leases: Proposed Changes to Lessee Accounting
The objective of this seminar is to facilitate an understanding of the conceptual model of lease accounting for lessees in the revised ED and subsequent decisions and to illustrate the application of the requirements relating to lessee accounting.
In December 2010, the International Account
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ED Leases: Proposed Changes to Lessor Accounting
In December 2010, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued joint proposals to improve the reporting of lease contracts. Following the review of almost 800 comment letters received on the first exposure draft, the two boards dec
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Accounting for Restructuring and Discontinued Operations under FRS 37 and FRS 105
To enable participants to understand the core principle of FRS 37 and FRS 105 and apply the requirements relating to the accounting and reporting of restructuring and discontinued operations.
Programme Outline
- Understand the definit
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Accounting for Real Estate Activities Under INT FRS 115, FRS 11 and FRS 23
To discuss the accounting principles for real estate activities in accordance with INT FRS 115: Agreements for the Construction of Real Estate.
The seminar will also discuss the key principles from two other relevant financial reporting standards i.e. FRS 11 Construction contracts and FRS 2
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Singapore Accounting Standards: A Fundamental and Practical Approach to Selected FRSs
To provide an overview of selected FRSs using an approach that will facilitate easy understanding, with practical hands-on application and implementation of the FRSs.
Programme Outline
PRESENTATION AND DISCLOSURES OF FINANCIAL STATEMENTS
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Accounting for Obligations
Obligations of an entity can arise due to legal form such as contractual relationship or operation of law and legislation. Such obligation are often determined and accounted for as a liability in accordance to its legal form (e.g. financial instruments). However, some obligations arise due to eco
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Inventories
To facilitate an understanding of the principles underlying the accounting for inventories; and
To equip participants with the ability to apply the recognition, measurement and disclosure requirements in FRS 2 to accounting for inventories.
To ensure that participants are abl