UTAP Funding
Programme ObjectiveMeasuring fair value poses significant challenges to entities due to the inherent risk in having to apply judgement which can be construed as subjective rather than objective. Fair value cannot be measured with absolute precision and management is expected to provide a faithful representation of fair value at the measurement date based on all information available.This course is intended to provide a practical approach to various fair value measurement methodologies. It also provides an analysis of the various accounting models to account for the effect of changes in fair value.
Topic 1An introduction to the development of fair value accounting modelsFair value measurement Versus other measurements (historical cost; current cost; realizable (settlement) value; present value)Double entry system for fair value accountingHandling gains and losses arising from fair value changesCircumstances where fair value accounting may not be appropriate in reporting transactions and events in practiceImpact on financial results and financial positions – Interpreting financial statements based on fair value accounting system Topic 2Key features of Fair Value Measurement StandardDefinition of fair valueFair value hierarchy (Level 1, 2 and 3) ‘Highest and best use’ fair value measurement concept for non-financial assetsValuation techniquesFair value and unit of measurementDisclosures – methods used, assumptions made and hierarchy of fair value, etc Topic 3 Accounting issuesDealing with fair value accounting for non-financial items – general rules and practical examplesThe use of fair value as a measurement of value in various accounting StandardsThe difference between ‘fair value model’ and ‘revaluation model’ Reporting changes of fair value in ‘profit or loss’; or ‘other comprehensive income’ Topic 4Dealing with fair value accounting for financial Instruments – general rules and practical examplesFair value and amortised cost using effective interest methodPresent value techniques: Contractual cash flows and discount rateThe initial accounting for fair value of intercompany borrowing and lending at below market interest ratesAccounting for fair value of financial guarantee contractsDetermining and accounting for fair value of derivatives Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.Closing Date for Registration1 week before programme or until full enrolment
Topic 1An introduction to the development of fair value accounting models
Topic 2Key features of Fair Value Measurement Standard
Topic 3 Accounting issuesDealing with fair value accounting for non-financial items – general rules and practical examples
Topic 4Dealing with fair value accounting for financial Instruments – general rules and practical examples
Training MethodologyLecture style, with practical illustrations, technical flow-charts, conceptual “mind maps” and interactive discussions.Closing Date for Registration1 week before programme or until full enrolment
This programme is suitable for all Finance Professionals and Audit Professionals.
Category 1 = 7.00 Hours
26 Apr 2019 (9:00 AM - 5:00 PM)
Registration is closed
19 May 2018 (9:00 AM - 5:00 PM)
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 2020 – 31 March 2021. As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
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
For Members: $ 329.56 For Non-Members: $ 398.04
60 Cecil StreetISCA HouseSingapore 049709
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