Course Detail(A249 : Financial Reporting: Analysis from A Managerial Perspective (Live Webinar))

SDF Funding, SkillsFuture Credit

A249 : Financial Reporting: Analysis from A Managerial Perspective (Live Webinar) NEW

7.00 CPE Hours (Category 1)
Classroom

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".


Programme Objective
This course aims to discuss financial reporting and analysis in a more holistic manner from both the user's perspective and preparer's perspective.

Participants will (1) acquire the tools to become informed users and skilled preparers of financial statement information, focusing on the key accounting principles in International Financial Reporting Standards (IFRS).

Participants will also (2) understand the economics of business transactions and how financial statement users can employ financial accounting information for decision making by various stakeholders such as equity investors, creditors, financial analysts and managers.

By integrating multiple perspectives of accounting and corporate finance, participants will get a more holistic view on how business transactions get reported and the decision implications of financial statement information. Case studies by global companies using International Financial Reporting Standards (IFRS) will also be discussed.

 

Programme Outline

Inventories (IFRS 2)

  • Analysis of inventory management effectiveness based on financial accounting information and disclosures.
  • Examine the potential concerns arising from trends in sales growth and inventory growth.
  • Using disclosures on inventories to forecast trends in financial performance.


Property, Plant and Equipment (IFRS 6)

  • Evaluate the effect of capitalizing versus expensing costs on financial statements and ratios.
  • Implications of Property, Plant and Equipment revaluation for financial statement analysis.
  • Inferring corporate strategies from financial accounting ratios and disclosures related to property, plant and equipment.
  • Examine how analysts can perform financial adjustments to facilitate benchmarking with other corporate rivals in similar industries


Impairment of Assets (IFRS 36)

  • Analyse financial accounting disclosures on assets impairment to examine the current financial performance of the company.
  • Understand the potential distortion of impairment of assets on financial ratios.
  • Effect of impairment of assets on financial forecasting of future cash flow.
  • Understand the general implications of asset impairment for business valuation.


Intangible Assets (IFRS 38)

  • Understand the effect of expensing and capitalizing intangible expenditures on analysis of financial performance.
  • Examine the information content, usefulness and limitations of financial disclosures of intangible assets.
  • Implications of technological changes on accounting recognition of intangibles.
  • Financial adjustments to potential distortions arising from aggressive capitalization of intangible assets.


Provisions, Contingent Liabilities and Contingent Assets (IFRS 37)

  • Challenges from measuring and recognizing provisions and loss contingencies.
  • Examine the role of financial accounting information in debt contracting between borrowers and lenders.
  • Analyse the “trip-wire” role of financial ratios in debt contracts.
  • Understand the earnings management incentives to create debt covenant slack.

 
Investment Property (IFRS 40)

  • Measurement and recognition of investment property.
  • Understand the implications of accounting method differences on investment properties in analysis of financial performance.
  • Understand the potential concerns of financial analysts in reviewing investment property.

Financial Instruments (IFRS 9)

  • Classification and recognition of financial assets.
  • Implications of alternative recognition methods of financial assets for analysis of financial performance and evaluation.
  • Understand how differences in accounting treatment of financial instrument may affect earnings management incentives.


Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

An intermediate programme suitable for Accounting and Audit professionals.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

Online Classroom in or outside of
Singapore

Date & Time

01 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 01 Dec 2020

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

Online Classroom in or outside of
Singapore

Date & Time

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

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Date & Time

14 Feb 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Date & Time

29 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 27 Jun 2020
Course Ref No.: CRS-N-0050089

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (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: Register for the course online via ISCA Portal. 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. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, 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 here: 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.


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 27 Jun 2020
Funded Hours: 7 hours
Course Ref No.: CRS-N-0050089

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”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

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

 

Programme Facilitator(s)


Assoc Prof Lee Kin Wai

Lee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.


Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.

He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.

 

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar.

Please do check the details before confirmation your registration for the course/session.

The live webinar session is eligible for SkillsFuture Singapore (SSG) funding.
Please proceed to submit your claim application as per usual as there are no changes to funding application procedures. On SSG portal, please take note to select the correct course title, which includes the term "Synchronous e-learning".


Programme Objective
This course aims to discuss financial reporting and analysis in a more holistic manner from both the user's perspective and preparer's perspective.

Participants will (1) acquire the tools to become informed users and skilled preparers of financial statement information, focusing on the key accounting principles in International Financial Reporting Standards (IFRS).

Participants will also (2) understand the economics of business transactions and how financial statement users can employ financial accounting information for decision making by various stakeholders such as equity investors, creditors, financial analysts and managers.

By integrating multiple perspectives of accounting and corporate finance, participants will get a more holistic view on how business transactions get reported and the decision implications of financial statement information. Case studies by global companies using International Financial Reporting Standards (IFRS) will also be discussed.

 

Programme Outline

Inventories (IFRS 2)

  • Analysis of inventory management effectiveness based on financial accounting information and disclosures.
  • Examine the potential concerns arising from trends in sales growth and inventory growth.
  • Using disclosures on inventories to forecast trends in financial performance.


Property, Plant and Equipment (IFRS 6)

  • Evaluate the effect of capitalizing versus expensing costs on financial statements and ratios.
  • Implications of Property, Plant and Equipment revaluation for financial statement analysis.
  • Inferring corporate strategies from financial accounting ratios and disclosures related to property, plant and equipment.
  • Examine how analysts can perform financial adjustments to facilitate benchmarking with other corporate rivals in similar industries


Impairment of Assets (IFRS 36)

  • Analyse financial accounting disclosures on assets impairment to examine the current financial performance of the company.
  • Understand the potential distortion of impairment of assets on financial ratios.
  • Effect of impairment of assets on financial forecasting of future cash flow.
  • Understand the general implications of asset impairment for business valuation.


Intangible Assets (IFRS 38)

  • Understand the effect of expensing and capitalizing intangible expenditures on analysis of financial performance.
  • Examine the information content, usefulness and limitations of financial disclosures of intangible assets.
  • Implications of technological changes on accounting recognition of intangibles.
  • Financial adjustments to potential distortions arising from aggressive capitalization of intangible assets.


Provisions, Contingent Liabilities and Contingent Assets (IFRS 37)

  • Challenges from measuring and recognizing provisions and loss contingencies.
  • Examine the role of financial accounting information in debt contracting between borrowers and lenders.
  • Analyse the “trip-wire” role of financial ratios in debt contracts.
  • Understand the earnings management incentives to create debt covenant slack.

 
Investment Property (IFRS 40)

  • Measurement and recognition of investment property.
  • Understand the implications of accounting method differences on investment properties in analysis of financial performance.
  • Understand the potential concerns of financial analysts in reviewing investment property.

Financial Instruments (IFRS 9)

  • Classification and recognition of financial assets.
  • Implications of alternative recognition methods of financial assets for analysis of financial performance and evaluation.
  • Understand how differences in accounting treatment of financial instrument may affect earnings management incentives.


Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

An intermediate programme suitable for Accounting and Audit professionals.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Lee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and PhD degree. He is a member of Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Deputy Chairman of the Shell Singapore Employees Union Cooperative Limited and he served as a member of the Corporate Governance Committee of the Institute of Singapore Chartered Accountants.


Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Review of Quantitative Finance and Accounting, Journal of Accounting Auditing and Finance, Review of Pacific Basin Financial Markets and Policies, International Journal of Business, Journal of Multinational Financial Management, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times.

He conducts courses at the undergraduate and MBA levels, and executive seminars for organizations such as Institute of Singapore Chartered Accountants, Australian Society of Certified Practising Accountants, Shell, Mitsui, Asia-Pacific Breweries, Panasonic Asia Pacific, Tyco, Singapore Technologies Engineering, Association of Chartered Certified Accountants, Singapore National Cooperatives Federation, Capital Market and Financial Institutions Supervisory Agency and Asia-Pacific Bankers Club. In 2007, he received the Teacher of the Year Award for the MBA program. In 2010, he received the Teacher of the Year Award for the Accountancy program in Nanyang Business School. In 2010, he received the Nanyang Award for Teaching Excellence at Nanyang Technological University.

 


Upcoming Schedule

Date & Time

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

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Early Bird Discount till 31 Aug 2020

Programme Facilitator(s)

Assoc Prof Lee Kin Wai

Venue

Online Classroom in or outside of
Singapore