DFF - Director Financial Reporting Fundamentals
Quality financial information is crucial for strong and vibrant markets. It is essential that the market remains confident in the level of transparency, integrity and quality of financial reporting. In response to this, the Accounting and Corporate Regulatory Authority (ACRA) established the Financial Reporting Surveillance Programme (FRSP) to enforce against poor financial reporting that leads to unreliable information and/or non-compliance with the prescribed accounting standards.
The Director Financial Reporting Fundamentals programme is a course to equip directors who have limited or no financial or accounting background, with up-to-date knowledge of accounting principles and practices to perform an effective high-level review of their company’s financial statements that are presented to shareholders and subsequently filed with ACRA.
Programme
Session I - Morning
9.00am : Welcome and overview
9.05am
• Directors’ duty in preparing true and fair statement
• Directors’ duty in implementing internal controls
10.30am : Break
10.45am
Key focus areas when reviewing financial statements (Part 1)
• Impairment of assets and judgemental estimates
• Presentation of Statement Position
• Revenue – timing of recognising revenue
• Fictitious revenue and prepayment
12.30pm : Lunch
Session II - Afternoon
1.30pm
Key focus areas when reviewing financial statements (Part 2)
• Financial statements prepared in a going concern basis
• Provision – liabilities of uncertain nature
• Disclosure in the note – credit risk, fair value measurement
3.30pm : Break
3.45pm
Key focus areas when reviewing financial statements (Part 3)
• Investment in other companies’ equities
• Presentation of Statement of Cash Flow
• Common accounting mistakes
6.00pm : End of Programme
CPD Hours : 8
SID members: $675.80 (incl. 9% GST)
Non-members: $850.20 (incl. 9% GST)
SPEAKER
Sardool Singh
Seminar Leader
Mr Sardool Singh is chief financial officer of a family office and previously group financial controller of a Singapore-listed healthcare company. During his 10 years in the healthcare industry, he was responsible for the entire group’s financial functions and the public listing of two subsidiaries. He is a highly sought-after seminar leader in the areas of financial reporting standards, cash flow statements, analysis of financial statements, consolidation and other technical accounting topics. Mr Singh brings a commercial perspective to the understanding of complex accounting standards and simplifies the requirements of these standards to facilitate learning.
Registration
Please register online by 19 Feb 2025.
Course Enquiries
Email: [email protected]
Tel: (65) 6422 1188
Upon successful registration for the course, you are deemed to have read and accepted SID’s Terms and Conditions.
Registration
Online registration not available.