Course Detail(A230 : FRS 36: Impairment of Assets – From an Accounting Perspective)

A230 : FRS 36: Impairment of Assets – From an Accounting Perspective

3.50 CPE Hours (Category 1)
Classroom


Programme Objective
This course allows participants to explore FRS 36 Impairment of Assets in detail and understand the key issues in discounted cash flow computation through the use of case studies.

Programme Outline

  • Introduction
  • Identifying assets that may be impaired
  • Identifying cash-generating units
  • Impairment assessment of goodwill
  • Measuring recoverable amount: ‘fair value less costs of disposal” and ‘value in use’
  • Recognition of an impairment loss
  • Reversal of impairment
  • Presentation and disclosure
 
Training Methodology
 Lecture style with case studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme for accountants who wish to achieve deeper understanding of the requirements of FRS 36 and for auditors who have to verify the appropriateness of the impairment computations and disclosure requirements in the financial statements.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

02 Mar 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Ernest Fok

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

22 Nov 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Ernest Fok

Date & Time

12 Jul 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Ernest Fok

Date & Time

26 Nov 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Ernest Fok

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Ernest Fok

Ernest Fok is the co-founder and director of two companies, which provides incorporation, accounting, corporate secretarial and other consultancy services to companies, especially small and medium enterprises in Singapore and to various public accountants and public accounting firms in Singapore. He is regularly involved in pre-issuance and post-issuance of audit files, as well as provision of advisory services on regulatory reviews such as Practice Monitoring Programme (PMP), Ethics Pronouncement 200 (EP 200) and Singapore Standard on Quality Control No. 1 (SSQC 1). 

Prior to that, he was the Head of the Practice Monitoring Department (PMD) in the Accountancy and Corporate Regulatory Authority (ACRA). The PMD supports ACRA in its strategic objective of promoting high quality audit and corporate financial reporting through the administration of the Practice Monitoring Programme, which includes performing practice reviews of audits carried out by public accountants in Singapore. PMD also supports ACRA’s regulatory efforts in monitoring events and trends in the local and international marketplace and carries out other regulatory activities on the work and independence of public accountants when required.

Ernest has over 15 years of audit and inspection experience. He has extensive experience in the audits and inspections of financial institutions and companies across various industries, including manufacturing, hotels, pharmaceuticals, telecommunications, aerospace and defense, asset management, logistics, construction, property developers, marine, shipbuilding and trading in both Big-4 and mid-tier audit firms. He has facilitated at local seminars and overseas inspection workshops attended by leading audit regulators from various countries. He has also provided training to staff in the audit firms on a range of accounting and auditing topics. 

Ernest holds a Bachelor of Accountancy (1st Class Honours) Degree from Nanyang Technological University. He is a Chartered Accountant and a member of the Institute of Singapore Chartered Accountants. He was also a recipient of the ICPAS scholarship.
 


Programme Objective
This course allows participants to explore FRS 36 Impairment of Assets in detail and understand the key issues in discounted cash flow computation through the use of case studies.

Programme Outline

  • Introduction
  • Identifying assets that may be impaired
  • Identifying cash-generating units
  • Impairment assessment of goodwill
  • Measuring recoverable amount: ‘fair value less costs of disposal” and ‘value in use’
  • Recognition of an impairment loss
  • Reversal of impairment
  • Presentation and disclosure
 
Training Methodology
 Lecture style with case studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme for accountants who wish to achieve deeper understanding of the requirements of FRS 36 and for auditors who have to verify the appropriateness of the impairment computations and disclosure requirements in the financial statements.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Ernest Fok

Ernest Fok is the co-founder and director of two companies, which provides incorporation, accounting, corporate secretarial and other consultancy services to companies, especially small and medium enterprises in Singapore and to various public accountants and public accounting firms in Singapore. He is regularly involved in pre-issuance and post-issuance of audit files, as well as provision of advisory services on regulatory reviews such as Practice Monitoring Programme (PMP), Ethics Pronouncement 200 (EP 200) and Singapore Standard on Quality Control No. 1 (SSQC 1). 

Prior to that, he was the Head of the Practice Monitoring Department (PMD) in the Accountancy and Corporate Regulatory Authority (ACRA). The PMD supports ACRA in its strategic objective of promoting high quality audit and corporate financial reporting through the administration of the Practice Monitoring Programme, which includes performing practice reviews of audits carried out by public accountants in Singapore. PMD also supports ACRA’s regulatory efforts in monitoring events and trends in the local and international marketplace and carries out other regulatory activities on the work and independence of public accountants when required.

Ernest has over 15 years of audit and inspection experience. He has extensive experience in the audits and inspections of financial institutions and companies across various industries, including manufacturing, hotels, pharmaceuticals, telecommunications, aerospace and defense, asset management, logistics, construction, property developers, marine, shipbuilding and trading in both Big-4 and mid-tier audit firms. He has facilitated at local seminars and overseas inspection workshops attended by leading audit regulators from various countries. He has also provided training to staff in the audit firms on a range of accounting and auditing topics. 

Ernest holds a Bachelor of Accountancy (1st Class Honours) Degree from Nanyang Technological University. He is a Chartered Accountant and a member of the Institute of Singapore Chartered Accountants. He was also a recipient of the ICPAS scholarship.
 

Upcoming Schedule

Date & Time

02 Mar 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Ernest Fok

Venue

60 Cecil Street
ISCA House
Singapore 049709