Course Detail(A246 : FRS 115 (IFRS 15) Revenue from Contracts with Customers and FRS 116 (IFRS 16) Leases)

UTAP Funding

A246 : FRS 115 (IFRS 15) Revenue from Contracts with Customers and FRS 116 (IFRS 16) Leases NEW

7.00 CPE Hours (Category 1)
Classroom

Programme Objective
 
To discuss and illustrates the main provisions of the two new standards:  FRS 115 Revenue from contracts with customers (effective 1 January 2018) and FRS 116 Leases (effective 1 January 2019).

Programme Outline

1. FRS 115

  • Introduction
  • Core principle
  • Recognition issues
  • Measurement issues
  • Presentation issues
  • Disclosure issues
  • Other issues
  • Summary of key impact

 
2. FRS 116

  • Introduction
  • Definition of lease
  • Lessee accounting
  • Lessor accounting
  • Sublease
  • Sales type lease
  • Sales and leaseback
  • Transition

 
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 programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

31 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

29 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

10 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Date & Time

12 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Date & Time

28 Jun 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Prof Ng Eng Juan

Testimonial

Funding

1] 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 12 June 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 Eng Juan
Professor

 
Prof Ng is currently with Singapore University of Social Sciences (SUSS) (formerly known as SIM University). He is the Head of the Accountancy Programme in SUSS. Prof Ng was previously with Nanyang Technological University, teaching financial accounting courses in the B Acc and MBA programmes, and has been awarded several teaching awards including the "Nanyang Award for Excellence in Teaching". Besides his teaching duty in SUSS, Prof Ng also conducts regular CPE programmes on accounting standards and provides consultancy services to public accounting firms.

Prof Ng has published more than 60 journal articles and more than 40 professional accounting books including "Consolidated Financial Statements (Singapore)", "Singapore GAAP", and "A Practical Guide to Financial Reporting Standards (Singapore)"

Programme Objective
 
To discuss and illustrates the main provisions of the two new standards:  FRS 115 Revenue from contracts with customers (effective 1 January 2018) and FRS 116 Leases (effective 1 January 2019).

Programme Outline

1. FRS 115

  • Introduction
  • Core principle
  • Recognition issues
  • Measurement issues
  • Presentation issues
  • Disclosure issues
  • Other issues
  • Summary of key impact

 
2. FRS 116

  • Introduction
  • Definition of lease
  • Lessee accounting
  • Lessor accounting
  • Sublease
  • Sales type lease
  • Sales and leaseback
  • Transition

 
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 programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Ng Eng Juan
Professor

 
Prof Ng is currently with Singapore University of Social Sciences (SUSS) (formerly known as SIM University). He is the Head of the Accountancy Programme in SUSS. Prof Ng was previously with Nanyang Technological University, teaching financial accounting courses in the B Acc and MBA programmes, and has been awarded several teaching awards including the "Nanyang Award for Excellence in Teaching". Besides his teaching duty in SUSS, Prof Ng also conducts regular CPE programmes on accounting standards and provides consultancy services to public accounting firms.

Prof Ng has published more than 60 journal articles and more than 40 professional accounting books including "Consolidated Financial Statements (Singapore)", "Singapore GAAP", and "A Practical Guide to Financial Reporting Standards (Singapore)"


Upcoming Schedule

Date & Time

31 Mar 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Prof Ng Eng Juan

Venue

60 Cecil Street
ISCA House
Singapore 049709