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Accounting Issues and Practice Pitfalls - 4th Run

The Accounting Issues and Practice Pitfalls workshop will take you through the highly complex areas of FRS accounting, and help you discover the common mistakes made in accounting. Case studies-based, this workshop will highlight the difficult parts of calculation and measurement necessary to fulfil today’s accounting standards.


Key Topics

Pitfalls in Single Financial Statements

1) Property, Plant and Equipment

  • Borrowing cost calculation
  • Depreciation under the revaluation model
  • Component approach and overhaul accounting

2) Impairment of Assets

  • Calculation of VIU and sales price
  • Write back/up

3) Financial Instruments

  • Measurement of loans and receivables (effective interest method)
  • Impairment calculation on loans and receivables

4) Lease Accounting (current FRS 17)

  • Accounting for lease of land
  • Calculation of future lease rate and discounts given by lessor (old and new standard)

5) Deferred Tax

  • Calculation of initial recognition differences
  • Carry forward losses

 

DATE
TIME -
CPE HOURS 7
LOCATION Carlton Hotel, 76 Bras Basah Road, S(189558)
COST $398 nett per participant (inclusive of course materials, certificate of participation, buffet lunch, tea breaks & refreshments)
PAYMENT METHODS Cheque, bank transfer or cash
SPEAKER
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