Course Detail(A074v : Charities Accounting Standard (CAS): Accounting for Charities (Live Webinar))

SDF Funding, SkillsFuture Credit, CCF Funding

A074v : Charities Accounting Standard (CAS): Accounting for Charities (Live Webinar)

7.00 CPE Hours (Category 1)
Live Webinar

This course is pre-approved for Charities Capability Fund (CCF) funding. Please refer to the Funding tab for more details on Eligibility Criteria and Application Procedures.
 

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline

  • General Overview of the Simplified charities accounting standard
  • Statement of Financial Activities
  • Balance Sheet items
  • Statement of Cash Flows
  • Special Section – Depreciation for Charities' Fixed Assets
  • Date from which Effective and Transitional Arrangements


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology
Lecture style, with Exercises/Case Studies

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

Intended For

An Intermediate level programme intended for Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

23 Nov 2022 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2022

Programme Facilitator(s)

Suhaimi Bin Salleh

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 25 Dec 2023
Course Reference Number: TGS-2020501268

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit www.myskillsfuture.gov.sg)

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

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 25 Dec 2023
Funded Hours: 7 hours
Course Reference Number: TGS-2020501268

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”.
 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect 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.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


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] CCF Training Grant

Charities Capability Fund (CCF) Training Grant provides co-funding for local training courses to help charities comply with regulatory requirements and build good governance standards.

Period of CCF pre-approval: 01 June 2022  to 31 May 2023

CCF Preapproved Course Ref No.: PAS00002773


Eligibility Criteria

CCF funding is for eligible Board members and staff (who have served in the Charities for at least 6 months with an official designation) in key governance and management areas.

CCF Grants Coverage & Quantum

 

Funding Quantum

Nett Course Fees Payable (incl. GST)

Singaporeans/ PRs

 

Member: $221.19

Non-Member: $265.70

(80% of course fee)

Member: $55.30

Non-Member: $66.43

Employment Pass/ Work Permit Holders / S Pass Holders

Member: $165.89

Non-Member: $199.28

(60% of course fee)

Member: $110.60

Non-Member: $132.85

For Pre-approved Courses: Participants will pay the training provider the net course fees (after CCF funding). The training provider will claim the CCF approved funding directly from the CCF Secretariat.

CCF Application Procedures

Course Registration:

  • Board members/ staff in key governance and management areas applicant indicates interest to register for the course with CCF funding by writing to cpe@isca.org.sg . Please state the Course Title, Course Date, Name and Number of participants.
  • Upon receiving confirmation from ISCA on seat availability, please send us these documents:
    1. Completed Registration Form (Please click HERE to download)
    2. CCF approval email

Note:

  • The Applicant submits a CCF Local Training Grant application online via the NCSS e-Services at least one month beforethe course(s) commence(s). CCF applications are subject to CCF approval and only Board members/ staff in key governance and management areas with approved CCF applications are eligible for CCF funding.
  • The Applicant must send the approval email to ISCA as proof of eligibility for CCF funding.
  • The Applicant with approved CCF application (or “CCF-eligible participant”) pays the amount of course fees less CCF funding to ISCA.Payment can be made by corporate/individual means.
  • The Applicant has to create an ISCA Corporate Account here if they do not have an existing corporate account.

During the Course:

  • CCF-eligible participant to achieve minimum 75% attendance, and pass all assessments, if any.
  • All CCF-eligible participants are to complete a CCF Training Evaluation Form at the end of the course.
  • For course conducted online, CCF-eligible participants are to switch on their video function and display their full name.

Programme Facilitator(s)


Suhaimi Bin Salleh
FCPA Singapore, FCMC, PMC, AFP


Suhaimi has more than 30 years of post-graduate experience in audit, accounting, management consultancy and corporate training.

He is currently the Senior Partner of his own public accounting firm, and CEO of his own Consulting Group, a group of professional services companies providing management consulting, training, accounting, auditing and governance review services to non-profit, corporate as well as individual clients.

He also has wide experience conducting in-company training and consulting assignments for major private and public sector organisations, and industry associations both locally and overseas. He has been a regular trainer at Social Service Training Institute (SSTI) and has trained more than 300 accounting professionals in RAP6 - Accounting and Reporting for Charities, since it was first introduced in 2006.
 
In 2001, he was awarded the SME Partner Award by the then Singapore Productivity Standards Board for his outstanding contributions in the development of the small and medium enterprises in Singapore. He was one of three recipients for the award.

He is also currently serving and has served in many public and civic institutions in various capacities, including:
  • Singapore Charity Council
  • Institute of Management Consultants
  • Ngee Ann Polytechnic Council
  • Yayasan Mendaki (an IPC)
  • PMBM Scholarship Fund Board (an IPC)
 

This course is pre-approved for Charities Capability Fund (CCF) funding. Please refer to the Funding tab for more details on Eligibility Criteria and Application Procedures.
 

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Programme Objective

To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline

  • General Overview of the Simplified charities accounting standard
  • Statement of Financial Activities
  • Balance Sheet items
  • Statement of Cash Flows
  • Special Section – Depreciation for Charities' Fixed Assets
  • Date from which Effective and Transitional Arrangements


Pre-requisites

Please take note of the following admission requirements:

  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking


Training Methodology
Lecture style, with Exercises/Case Studies

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

Intended For

An Intermediate level programme intended for Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Suhaimi Bin Salleh
FCPA Singapore, FCMC, PMC, AFP


Suhaimi has more than 30 years of post-graduate experience in audit, accounting, management consultancy and corporate training.

He is currently the Senior Partner of his own public accounting firm, and CEO of his own Consulting Group, a group of professional services companies providing management consulting, training, accounting, auditing and governance review services to non-profit, corporate as well as individual clients.

He also has wide experience conducting in-company training and consulting assignments for major private and public sector organisations, and industry associations both locally and overseas. He has been a regular trainer at Social Service Training Institute (SSTI) and has trained more than 300 accounting professionals in RAP6 - Accounting and Reporting for Charities, since it was first introduced in 2006.
 
In 2001, he was awarded the SME Partner Award by the then Singapore Productivity Standards Board for his outstanding contributions in the development of the small and medium enterprises in Singapore. He was one of three recipients for the award.

He is also currently serving and has served in many public and civic institutions in various capacities, including:
  • Singapore Charity Council
  • Institute of Management Consultants
  • Ngee Ann Polytechnic Council
  • Yayasan Mendaki (an IPC)
  • PMBM Scholarship Fund Board (an IPC)
 

Upcoming Schedule

Date & Time

23 Nov 2022 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discount till 31 Dec 2022

Programme Facilitator(s)

Suhaimi Bin Salleh

Venue

Online Classroom in or outside of
Singapore