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Description
This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.
The in-person session on 19th October will be conducted at:
Singapore Marriott Tang Plaza Hotel
(Ballroom 1, Level 3)
320 Orchard Road
Singapore 238865
The practical workshop covers the identification of investments that are subject to the equity method of accounting guidance, and the initial and subsequent accounting for those investments.
Illustrations and practical scenarios are incorporated throughout this workshop to allow direct and swift application of the concepts acquired.
Programme Outline
- What is equity accounting
- Scope of application of equity accounting
- Exemption on applying equity method
- What are associates
- What is significant influence
- Initial measurement of investment in associates
- Contingent consideration
- Goodwill
- Fair value adjustments
- Subsequent measurement of investment
- Share of profit or loss
- Dividend distribution
- Transactions between investor and associates
- Transactions not involving assets
- Upstream transactions involving assets
- Downstream transactions involving assets
- Loss making associates – limit on share of loss
- When equity accounting cease
- Changes in interests in associates while retaining significant influence
This workshop qualifies for 7.0 CPE hours in Financial Reporting Standards and Pronouncements (Category 1).
What you will learn
- Understand how to apply the equity method of accounting
- Understand the exclusions to applying the equity method of accounting
- Appreciate the practical difficulties and challenges in applying the equity method of accounting, and how you can realistically manage them
Target Audience
- Accountants
- Auditors
Expert Speaker
Chee Hay Kheong Daniel
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 15 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.
Daniel is a highly sought-after seminar trainer. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).
This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please select accordingly at registration.