 workshop, participants will go through the requirements of the FRS linked to consolidation and learn how to prepare consolidated accounts, prepare consolidation entries and practice equity accounting entries for investments in associates.

During the workshop, participants will have hands-on practice through several case studies and exercises to appreciate the key concepts. Participants are encouraged to bring along their calculators for the seminar as participants will be expected to compute the required accounting entries and for the preparation of consolidated financial statements.


Identification of a Group - What is a Subsidiary?

Presentation of Consolidated Financial Statements

FRS 27: Accounting for Investments in Subsidiaries

FRS 28: Accounting for Investments in Associates and Joint Ventures

Scope of Consolidated Financial Statements

When can a subsidiary be excluded from consolidation?

Calculation of goodwill on consolidation and the accounting treatment

Elimination of unrealised profits on stocks and fixed assets

Equity accounting of investments in associates

Introduction to Consolidated Accounts - 16th Run

Participants will go through the Singapore accounting and legal requirements linked to consolidation and learn how to prepare basic consolidated accounts.

Debt collection plays an essential role in any business. All personnel - be they accounts receivables, credit control, sales & marketing staff or even business owners themselves - who are involved in debt collection must be trained to assess the chance of recovery within the first few minutes into the conversation with the debtor. More importantly, to preserve a good business relationship, they must be diplomatic, tactful and well-versed in psychological concepts. Legal action is often the last resort as it is not only costly but also time-consuming.

 workshop will impart skills to help companies minimise bad debts and improve profits through the use of a simple collection tool: the telephone. The workshop is case-based, interactive and highly practical.

Lowering your risk factors - Developing & maintaining a credit control process & system

The importance of having a credit control system

Causes of delinquency (external & internal factors) in receivables

Knowing your legal rights - Understanding Singapore’s Courts civil claims procedures

Learn the different functions of the Small Claims Tribunal, State Courts & High Court

The process of a civil claim from the Writ of Summons right up to a winding-up/bankruptcy order

Attributes of an effective collections person - The different characteristics required to make a collections person effective

Different characteristics a collections person can adopt to be more effective during a collections encounter

Collection techniques - Simple, practical & effective techniques to adopt during a face-to-face or telephone collections call

“Taboo” words never to use during a collection call/visit

The art of being in control of a conversation

Understanding the various debtor profiles - Know the different types of delinquent debtors & how to deal with them

Identifying the different types of delinquent debtor profiles & how to manage them

Handling excuses & objections, gatekeepers etc. - How to tell the difference between an excuse or a real objection & how to counter them

“I’ve already sent out the cheque”; “The boss is not around to sign the cheque...” Learn how to differentiate between an excuse and a genuine objection to non-payment & how to counter them

How to get past receptionists, secretaries or personal assistants etc. who are a barrier to getting to the correct person

Effective Credit Control and Debt Recovery - 56th Run

This workshop will impart skills to help companies minimise bad debts and improve profits through the use of a simple collection tool: the telephone.

This workshop is designed to assist people who often write letters of reminders to expedite the overdue payment process. Businesses often have to follow up on overdue payments in order to keep their accounts up-to-date and their books balanced.

This one-day workshop will equip you with the essential skills to make your letters of reminders more effective in retrieving debt. In addition to writing skills, participants will also practise the proper and effective techniques for making follow-up calls to debtors. Numerous samples, templates and case studies will be used to equip participants with the know-how and skills to write better letters of reminder.

On completing this programme, participants will be able to:

Learn the proper format and style for writing reminder letters

Understand the fundamentals of collection letters and emails

Learn about the different categories of collection letters and emails

Learn how to use specific words and phrases to your advantage

Use the right tone and style when writing

Master the techniques used for follow-up phone calls to expedite payment

The fundamentals of collection letters and emails

Understanding the different stages of debt

The different categories of collection letters and emails

When to use which type of letter/email when collecting debt

Do’s and Don’ts of collection letters

Categories of Collection Letters & Emails

Useful phrases and words to capture attention and persuade

Understanding legal liabilities in writing

Format and structure for letters of reminder

The usage of tone when writing a letter of reminder

How to emphasise content and tone through the use of words and phrases

Substantiate the arguments/points to get to the readers

Ways to emphasise urgency and expediency when writing letters of reminder

The 4 parts of a telephone collection call

Business Writing to Collect Debts - 5th Run

This workshop will equip you with the essential writing skills to make your letters of reminders more effective in retrieving debt.

workshop will provide an overview of the recognition, measurement and presentation of deferred tax.

Establishing tax bases of assets and liabilities

Exemptions from recognition of deferred tax liabilities

Deferred tax on consolidation adjustments

Deferred tax on investments in subsidiaires and associates

Deferred tax on unutilised tax losses and tax credits

Presentation and disclosure requirements of current and deferred taxes

Writing an accounting policy note for taxation in financial statements

Accounting for Deferred Tax - 14th Run

This workshop will provide an overview of the recognition, measurement and presentation of deferred tax.

This workshop is designed specifically for accountants and auditors who need to be aware of recent changes and updates to the Singapore Financial Reporting Standards.

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2023

International Tax Reform - Pillar Two Model Rules

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2024

 Classification of Liabilities as Current or Non-Current

SFRS(I) EFFECTIVE FOR FINANCIAL PERIODS BEGINNING ON OR AFTER 1 JANUARY 2025

 General Requirements for Disclosure of Sustainability-related Financial Information

 General Presentation and Disclosures (Primary Financial Statements)

Date:	Friday, 2 Aug 2024
Time:	01:00 AM - 09:00 AM
Venue:	Carlton Hotel, 76 Bras Basah Road, S(189558)
Fees:	$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

Date:	Thursday, 19 Sep 2024
Time:	01:00 AM - 09:00 AM
Venue:	Carlton Hotel, 76 Bras Basah Road, S(189558)
Fees:	$328 nett per participant (inclusive of course materials, certificate of participation, lunch, tea breaks & refreshments)

Date:	Wednesday, 16 Oct 2024
Time:	01:00 AM - 09:00 AM
Venue:	Carlton Hotel, 76 Bras Basah Road, S(189558)
Fees:	$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

Date:	TBC
Venue:	Carlton Hotel, 76 Bras Basah Road, S(189558)
Fees:	$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

Date:	TBC
Venue:	Carlton Hotel, 76 Bras Basah Road, S(189558)
Fees:	$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

Introduction to Consolidated Accounts - 16th Run

Effective Credit Control and Debt Recovery - 56th Run

Business Writing to Collect Debts - 5th Run

Accounting for Deferred Tax - 14th Run

A Practical Guide to FRS Updates - 6th Run