Events

A252v : FRS 7: Statement of Cash Flows (Live Webinar)

  • Date and Time5 Aug 2022 (9:00 AM - 5:00 PM)
  • Fee (inclusive of GST)

    For Members: $ 345.61 $ 276.49

    For Non-Members: $ 415.16 $ 332.13

    Discount till 31 Dec 2022

  • VenueOnline
SYNOPSIS

Programme Objective

To teach participants the correct way to prepare cash flow statements to comply with the requirements of FRS 7 – Statement of Cash Flows.


Programme Outline

  • Benefits of preparing cash flow statements
  • Revelation of the short-cut techniques to prepare cash flow statements
    • Format of cash flow statements using direct and indirect methods
    • Cash flows from operating, investing and financing activities
    • Meaning of Cash and cash equivalents
    • Interest paid
    • Accounting for acquisition and disposal of subsidiaries
    • Non-cash transactions
    • Foreign currency cash flows
    • Disclosure requirements
  • Case Study 1
    • Basic cash flow statements preparation
  • Case Study 2
    • Cash flow statements preparation using both direct and indirect method
  • Case Study 3
    • Consolidated cash flow statements including acquisition of subsidiary during the year
  • Case Study 4
    • Accounting for foreign currency translation reserve movements arising from consolidation of foreign subsidiaries and consolidated cash flow statement

Pre-requisites

Please take note of the following admission requirements:
  • Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
  • Mandatory for video camera to be turned on throughout the course
  • Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
  • SMP005 : Technology, quality processes and the auditor’s role

    • Date and Time11 Aug 2022 (3:00 PM - 4:00 PM)
    • Fee (inclusive of GST) For Members: Complimentary
      For Non-Members: $ 15.00
    • Venue

      Live Webinar

    SYNOPSIS

    Given the value digitisation creates for both the organisation and the broader financial industry, regulators have encouraged digital adoption to improve the quality of external audits. History suggests that in times of economic uncertainty, financial fraud will surge. It escalated during the 1991 and 2008 recessions. And more recently, in 2020 alone, the world economy lost US$42bn in financial fraud. The alarming scale of fraud has highlighted the urgent need for more robust processes and technologies to detect and prevent fraudulent activities.

    Join Tony Ventura - Regional Manager Asia for Confirmation as he shares insights on how organisations can limit their risk and take back more control. Tony will discuss why more stringent processes and operations are needed to be established and the critical role technology plays in ensuring the integrity of the audit process.

    In this session, the following key topics will be discussed:

    • How the audit industry is in transition
    • Key benefits of digitisation helping overcome the drawbacks of traditional processes
    • Industry benchmarks and standards to adhere to
    • The importance of taking control – the auditor’s role
    • The future of digital – for the audit industry

    DGT040 : Applied Robotics Process Automation (RPA) for Auditors

    • Date and Time17 & 18 Aug 2022 (9:00 AM - 5:00 PM)
    • Fee (inclusive of GST)

      Before funding: $1,027.20 | After funding: $385.20

      Important:
      This programme is supported by Enterprise Singapore (ESG) and the course fee is subsidised by ESG. Participants who are currently working for Small and Medium-sized Practices “SMPs” are entitled to ESG funding limited to only 2 participants per company. The course fee net of funding amount will be $360 per participant (before prevailing GST). Participants who are unable to fulfil the funding requirements* are required to pay the full fee of $960 (before prevailing GST).

    • Venue60 Cecil Street
      ISCA House
      Singapore 049709
    SYNOPSIS
    This course aims to equip participants with the skills to easily create useful RPA scripts to automate the audit processes, without coding or programming knowledge. Routine and repetitive processes such as preparation of Account Receivable confirmations, Account Payable confirmations, bank confirmations, preparation of AGM documents, roll-forward procedures, sending of email reminders, tracking of key deadlines, timesheet management, report generation and audit client billing can be automated easily using RPA. Participants will learn how to achieve this through using a RPA software.

    At the end of the course, participants will be able to immediately use the RPA solutions and adopt the use of RPA in their workplace.


    By the end of the course, learners will be able to:

    • Understand what is RPA and how it can automate processes
    • Develop RPA scripts using case examples
    • Identify audit processes suitable for RPA implementation
    • Develop RPA scripts using learner’s selected process (es)
    • Deploy developed RPA solutions immediately at the workplace.

    SMP006 : Get Started On Your App Advisory Journey: How To Recommend The Right Apps To Your Clients

    • Date and Time18 Aug 2022 (3:00 PM - 4:00 PM)
    • Fee (inclusive of GST) For Members: Complimentary
      For Non-Members: $ 15.00
    • Venue

      Live Webinar

    SYNOPSIS

    Accounting and bookkeeping firms who are leading the digitisation journey have moved away from providing compliance-only services and into advisory, unlocking additional service offerings and revenue growth.

    Xero, a global cloud accounting platform, has an ecosystem of over 1,000 connected apps and 300+ financial connections. With an extensive range of apps that they offer for different business functions and industry verticals, small businesses have been able to streamline their workflows and automate the manual processes of data processing, budgeting and forecasting.

    In this session, Joe Mulcare, a Xero expert in app advisory, will discuss the following:

    • Opportunities that lie within app advisory services
    • Actionable steps to get started on the app advisory journey
    • Apps recommendations for different business functions and verticals
    • Success stories from other accounting and bookkeeping practices


    There will also be Xero resources shared with you, including app playbooks that will help unlock efficiency and drive further success for your practice and small business clients.

    TechT018 : Leveraging on technology to simplify administrative and invoicing processes

    • Date and Time5 Oct 2022 (10:00 AM - 11:00 AM)
    • Fee (inclusive of GST) For Members: Complimentary
      For Non-Members: $ 15.00
    • Venue

      Live Webinar

    SYNOPSIS
    Do you have trouble getting your invoices from your customers every quarter? In this 1-hour Tech Talk, Christophe Vanhoutte, Country Manager Singapore at Banqup will show you how Banqup connects you and your customers easier than before.

    Banqup provides your business the opportunity to manage all your administration and invoicing via one simple and secure platform. The all-in-one platform ensures that businesses have the simple tools to manage their financial and administrative processes.

    Banqup for entrepreneurs is an online platform to create and send invoices, keep an overview of cashflow and manage administration. Banqup for accountants is a console for accountants to receive invoices and other documents from customers in a digital format conveniently.

    Register for the Tech Talk now to learn how to simplify your administrative and invoicing processes through Banqup's all-in-one platform.

    DGT018 : Cybersecurity Risk – What it means to Auditors

    • Date and Time13 Oct 2022 (9:00 AM - 12:30 PM)
    • Fee (inclusive of GST)

      For Members: $ 205.44
      For Non-Members: $ 245.03

    • Venue60 Cecil Street
      ISCA House
      Singapore 049709
    SYNOPSIS

    Programme Overview

    Cyber-attacks are on the rise as proprietary or financial data is highly valuable. These ever-growing persistent threats have led various companies to treat cybersecurity as a risk that needs to be actively managed, rather than just a technology issue. With that, Singapore has passed the first dedicated cybersecurity framework which acknowledges the reality that breached infrastructure affects everyone in 2018.

    Cybersecurity risk is an essential consideration in every financial statements audit. On 1st June 2018, ISCA launched a publication titled ‘Cybersecurity Risk Considerations in a Financial Statements Audit” to provide a guide for auditors on assessing cybersecurity risk in a financial statements audit.

    The objective of this programme is for auditors to have a basic understanding of the different cyber security risks and best practices. This is to allow the auditors to have the ability to perform high level assessment of their client’s cyber security maturity to handle any security event. This course will also cover how cybersecurity risk considerations can be incorporated as part of risk assessment during audit planning, as well as the appropriate audit responses to the cybersecurity risk identified.
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