Course Detail(WD010 : Apply Knowledge of Accounting-Related Concepts)

SkillsFuture Credit, SSG Funding

WD010 : Apply Knowledge of Accounting-Related Concepts

24.00 CPE Hours (Category 1, Category 2, Others)
Classroom

Important
As this is a WSQ-accredited programme, ISCA is required to upload participant’s assessment results to SkillsFuture Singapore (SSG) for the generation of electronic Statement of Attainment (SOA). ISCA will collect personal information from all participants to generate the relevant SOA.

  • For more information, please refer to SSG website HERE.


Programme Objective
In this three-day programme, participants will learn to apply the fundamental accounting policies to understand the implications on an organisation’s finances, maintain a general ledger in accordance with sound bookkeeping practices, and prepare basic financial statements to provide information on financial positions and performance.

Programme Outline

(Please note that participants are required to bring along their laptop on Day2 and Day3 of the course)
1. Apply basic accounting concepts

  • Categorise accounts according to the components of a Balance Sheet and Income Statement
  • Apply fundamental accounting policies to prepare appropriate journal entries
  • Analyse financial transactions to determine how they impact the Cash Flow Statement

 
2. Maintain a General Ledger

  • Use appropriate technology to enhance efficiency when preparing basic financial statements
  • Identify the components of the General Ledger to effectively categorise financial transactions
  • Use the Accounting Cycle to maintain a General Ledger


3. Prepare basic financial statements

  • Apply the underlying assumptions when preparing financial statements
  • Use appropriate Financial Reporting Standards to prepare the financial statements
  • Explain the need to conduct audits of financial statements
  • Prepare basic financial statements according to regulatory requirements
  • Adhere to code of conduct, values and ethics to prepare accurate financial statements

 
Training Methodology
Interactive competency-based training, with a combination of lectures, group discussions, case-studies and assessments.

Assessment
Written assessments (open book)
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)


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

Intended For

Finance and non-finance personnel who are interested to learn about basic financial policies, how to maintain a simple general ledger and how to prepare basic financial statements.

Competency Mapping

Category 1 = 10.50 Hours
Category 2 = 0.50 Hours
Others = 13.00 Hours

Schedule & Fees

Date & Time

01 Mar 2021 (9:00 AM - 6:00 PM)
02 Mar 2021 (9:00 AM - 6:00 PM)
03 Mar 2021 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 856.00
For Non-Members: $ 856.00

Programme Facilitator(s)

Julie Yeap

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

12 Jul 2021 (9:00 AM - 6:00 PM)
13 Jul 2021 (9:00 AM - 6:00 PM)
14 Jul 2021 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 856.00
For Non-Members: $ 856.00

Programme Facilitator(s)

Julie Yeap

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

15 Nov 2021 (9:00 AM - 6:00 PM)
16 Nov 2021 (9:00 AM - 6:00 PM)
17 Nov 2021 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 856.00
For Non-Members: $ 856.00

Programme Facilitator(s)

Julie Yeap

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

04 Nov 2020 (9:00 AM - 6:00 PM)
05 Nov 2020 (9:00 AM - 6:00 PM)
06 Nov 2020 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Julie Yeap

Date & Time

17 Jun 2019 (9:00 AM - 6:00 PM)
18 Jun 2019 (9:00 AM - 6:00 PM)
19 Jun 2019 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Julie Yeap

Testimonial

Funding

1] SSG Training Grant
Funding Period: Until 15 Jan 2023
Course Ref No.: TGS-2019502253

Participants who successfully complete the course will receive aWSQ Statement of Attainment (SOA) in Apply Knowledge of Accounting-Related Concepts.
 
1a] Company-sponsored Employees
If you wish to enrol participants with SSG Funding, please proceed with the following step/s (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 SSG Funding?”, click Yes and input all required information. At the Cart page, please ensure that SSG funding is applied before clicking “Checkout”. 

 

For course run start date before 1 Nov 2020, Enterprises/employers are to 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.

Thereafter, employers will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding.

 

 

SME Enhanced
·Singapore Citizen or Permanent Resident

Non-SME
·Singapore Citizen or Permanent Resident

Mid Career
·Singapore Citizen
-40 years old and above

Workfare Skills Support (WSS)
·Singapore Citizen
-35 years old and above
-Monthly income of not more than $2,300

SSGTraining Grant

$720.00

$360.00

$720.00

N.A

Nett Fees Payable to ISCA (Inclusive of GST)

$136.00

$496.00

$136.00

N.A

Company can claim the following Absentee Payroll

Absentee Payroll

80% of basic hourly salary, capped @ $7.50/hour

80% of basic hourly salary, capped @ $4.50/hour

80% of basic hourly salary, capped @ $4.50/hour

95% of basic hourly salary


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).


1b] Self-sponsored Individuals
If you wish to enrol with SSG Funding, please proceed with the following step:

  • 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 SSG Funding?”, click Yes and input all required information. At the Cart page, please ensure that SSG funding is applied before clicking “Checkout”.

ISCA will apply for Training Grant from SSG in respect of self-sponsored trainees.

 

 

Mid-Career
·Singapore Citizen
·40 years old and above

Baseline
·Singapore Citizen or Permanent Resident

SSG Training Grant

$720.00

$360.00

Nett Fees Payable to ISCA (Inclusive of GST)

$136.00

$496.00


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Applicant must either be a Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must be at least 21 years old and;
  • Applicant must achieve at least 75% attendance, and pass all assessments and;
  • Applicant is taking the course for the first time.

Workfare Skills Support (WSS) Scheme
From 1 July 2020, the Workfare Skills Support (WSS) Scheme will replace the Workfare Training Support (WTS) Scheme. WSS encourages low wage workers to undertake training that leads to more impactful employment outcomes. Please click HERE for more information.

 

2] SkillsFuture Credit (SFC)
Funding Period: Until 15 Jan 2023
Course Ref No.: TGS-2019502253

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 http://www.skillsfuture.sg/credit)

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

  • Step 1: You will need to ensure that you have sufficient SkillsFuture Credits in your SkillsFuture Credit account in order to make a successful claim. Please check your SFC account balance here.
  • Step 2: Register for the course online via ISCA Portal.
  • Step 3: Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information.
  • Step 4: At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 5:Upon receiving an email that the programme status is confirmed, please proceed to submit SFC claim on SkillsFuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal (http://www.skillsfuture.sg/credit).

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.

Programme Facilitator(s)


Julie Yeap
CPA (US), ACTA, DACE
Specialist Adult Educator
Adult Educators’ Professionalisation, IAL

 
Julie is a qualified US Certified Public Accountant (CPA) and started her career as an Auditor with Ernst & Young (EY) Singapore where she managed a large portfolio of listed and multinational audit clients in various industries.
 
Subsequently, she transferred to the Learning & Development (L&D) department of EY to pursue her passion to become a trainer. There, she focused on facilitating topics related to auditing and soft-skills for participants across all ranks in EY. As a Director, Julie headed the L&D function across ASEAN, where she was responsible for driving the learning and development initiatives to develop organisational and people capabilities in 14 countries.
 
After more than 15 years with EY, Julie left to focus on being a facilitator and an executive coach. She is now the Managing Director and Founder of Mastering Success, a corporate training, coaching and consultancy company.
 
Julie specialises in facilitating topics related to presentation, communication, coaching, leadership and other interpersonal skills. She also coaches executives in various organisations and strongly believes in applying the strengths-based coaching approach to help her clients become more efficient and effective in their workplace.
 

Important
As this is a WSQ-accredited programme, ISCA is required to upload participant’s assessment results to SkillsFuture Singapore (SSG) for the generation of electronic Statement of Attainment (SOA). ISCA will collect personal information from all participants to generate the relevant SOA.

  • For more information, please refer to SSG website HERE.


Programme Objective
In this three-day programme, participants will learn to apply the fundamental accounting policies to understand the implications on an organisation’s finances, maintain a general ledger in accordance with sound bookkeeping practices, and prepare basic financial statements to provide information on financial positions and performance.

Programme Outline

(Please note that participants are required to bring along their laptop on Day2 and Day3 of the course)
1. Apply basic accounting concepts

  • Categorise accounts according to the components of a Balance Sheet and Income Statement
  • Apply fundamental accounting policies to prepare appropriate journal entries
  • Analyse financial transactions to determine how they impact the Cash Flow Statement

 
2. Maintain a General Ledger

  • Use appropriate technology to enhance efficiency when preparing basic financial statements
  • Identify the components of the General Ledger to effectively categorise financial transactions
  • Use the Accounting Cycle to maintain a General Ledger


3. Prepare basic financial statements

  • Apply the underlying assumptions when preparing financial statements
  • Use appropriate Financial Reporting Standards to prepare the financial statements
  • Explain the need to conduct audits of financial statements
  • Prepare basic financial statements according to regulatory requirements
  • Adhere to code of conduct, values and ethics to prepare accurate financial statements

 
Training Methodology
Interactive competency-based training, with a combination of lectures, group discussions, case-studies and assessments.

Assessment
Written assessments (open book)
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)


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

Intended For

Finance and non-finance personnel who are interested to learn about basic financial policies, how to maintain a simple general ledger and how to prepare basic financial statements.

Competency Mapping

Category 1 = 10.50 Hours
Category 2 = 0.50 Hours
Others = 13.00 Hours

Programme Facilitator(s)

Julie Yeap
CPA (US), ACTA, DACE
Specialist Adult Educator
Adult Educators’ Professionalisation, IAL

 
Julie is a qualified US Certified Public Accountant (CPA) and started her career as an Auditor with Ernst & Young (EY) Singapore where she managed a large portfolio of listed and multinational audit clients in various industries.
 
Subsequently, she transferred to the Learning & Development (L&D) department of EY to pursue her passion to become a trainer. There, she focused on facilitating topics related to auditing and soft-skills for participants across all ranks in EY. As a Director, Julie headed the L&D function across ASEAN, where she was responsible for driving the learning and development initiatives to develop organisational and people capabilities in 14 countries.
 
After more than 15 years with EY, Julie left to focus on being a facilitator and an executive coach. She is now the Managing Director and Founder of Mastering Success, a corporate training, coaching and consultancy company.
 
Julie specialises in facilitating topics related to presentation, communication, coaching, leadership and other interpersonal skills. She also coaches executives in various organisations and strongly believes in applying the strengths-based coaching approach to help her clients become more efficient and effective in their workplace.
 

Upcoming Schedule

Date & Time

01 Mar 2021 (9:00 AM - 6:00 PM)
02 Mar 2021 (9:00 AM - 6:00 PM)
03 Mar 2021 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 856.00
For Non-Members: $ 856.00

Programme Facilitator(s)

Julie Yeap

Venue

60 Cecil Street
ISCA House
Singapore 049709