Course Schedule: Financial Accounting & Reporting 2020 Q2

Course Dates

Start Date:                                     1 Jan 2020 / 1 day after enrolment to access videos

End Date:                                       4 May 2020

 

Important Dates

Exam Registration Start Date:    23 Mar 2020

Exam Registration End Date:       27 Apr 2020

Exam Date:                                      1 June 2020

Results Released:                           10 July 2020

 

Course Structure

Recorded Phase:                            7 sessions x 3-hour (students must watch the pre-recorded videos at their own time before the start of Taught Phase)

Taught Phase:                                 7 sessions x 3-hour

Revision Phase:                               7 sessions x 3-hour

Total number of course hours:   63

Mock Exams:                                   2 (to be completed at home & submitted to tutor for marking)

 

Training Venue

150 Orchard Road #04-09, Orchard Plaza, S238841. The Meeting Suite

 

Class Size

Class is limited to 30 students on a first-come first-served basis.

If you have further query or wish to enrol, please contact us at enquiry@cityacademy.sg

Website: www.cityacademy.sg                         Tel: 6742 0300

  

2020 Schedule: Financial Accounting and Reporting – IFRS

 

No Date Day Timing

Topics

Recorded Phase (Students must watch the videos before the Taught Phase starts)

1 3 hours

·      Recap of Topic 1 and reporting concepts

·      Topic 2 Preparation of financial statements – formats of accounts and revision of preparation of IAS 1 Format account from a trial balance.

2 3 hours

·      Topic 2 contd- Discontinued Operations and Foreign currency (individual transactions)

3 3 hours

·      Topic 3 Assets for continued use, including initial recognition of PPE, revaluations, impairments, borrowing costs and derecognition of PPE

4 3 hours

·      Topic 3 contd- Intangibles and Leases

5 3 hours

·      Question practice testing everything so fa

·      Completion of Topic 3 Government Grants and Topic 4 Fair presentation- revenue and inventories

6 3 hours

·      Topic 4 contd.

7 3 hours

·      Topic 5- Disclosures, including: Earnings per share, distributable profits, related parties and events after the reporting date

Taught Phase
8 23 Apr Thu 7pm – 10pm

·      Topic 6 Accounting for Groups I

9 24 Apr Fri 2pm – 5pm

 

·      Topic 6 contd- Consolidated statement of financial position, including further adjustments

10 24 Apr Fri 6pm – 9pm

 

·      Topic 6 contd- Consolidated statement of financial position and Topic 7 Accounting for Groups 2: Consolidated statement of financial performance

11 25 Apr Sat 10am – 1pm

·      Topic 7 – Accounting for Groups 2 further adjustments and Investments in associates

12 25 Apr Sat 2pm – 5pm

·      Topic 7 contd- Consolidated statement of changes in equity and disposal of a full subsidiary

13 26 Apr Sun 10am – 1pm

·      Question practice and intro to Topic 8 Statement of cash flows, for an individual entity

14 26 Apr Sun 2pm – 5pm

·      Topic 8 Consolidated Statement of cash flow

Mock Exam 1 to be completed at home & submitted to tutor for marking by 3 May 2020

Revision Phase

15 14 May Thu 7pm – 10pm

·      This marks the beginning of the revision phase of study

·      Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus

16 15 May Fri 2pm – 5pm

 

·      Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus

17 15 May Fri 6pm – 9pm

 

·      Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus

18 16 May Sat 10am – 1pm

·      Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus

19 16 May Sat 2pm – 5pm

·      Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus

20 17 May Sun 10am – 1pm

·      Session focused on additional question practice

21 17 May Sun 2pm – 5pm

·      Session focused on additional question practice

Mock Exam 2 to be completed at home & submitted to tutor by 24 May 2020

Download Course Outline

 

Course Tutor: Jodie Lucas

Jodie qualified as ACA at the age of 22.

After leaving audit practice in 2000, Jodie worked for Kaplan Financial for 16 years as an integral part of their Birmingham tutoring team - teaching ICAEW, ACCA and CIMA studies. She left Kaplan in search of some up-to-date practical experience to reinforce and complement her classroom delivery.

Jodie established her own company soon after and has built a portfolio of varied clients, dividing her time and energy between her continued passion for freelance lecturing for a number of providers in the UK and Dubai; and contract audit and advisory work for Deloitte.

She is enthusiastic and driven to help students to understand, apply and retain their technical knowledge gained from her subjects, not only to enable students to pass exams but to become better prepared in the work place.

She also remains involved with the ACCA as a writer of CBE material and has been involved in marking for the ACCAs’ equivalent Audit and Assurance paper.

 

Financial Accounting and Reporting – IFRS

On completion of the Financial Accounting and Reporting module, students will be able to:

  • explain the contribution and inherent limitations of financial statements, apply the

International Accounting Standards Board’s (IASB) conceptual framework for financial reporting and identify and explain key ethical issues;

  • prepare and present financial statements from accounting data for single entities in conformity with IFRS and explain the application of IFRS to specified single entity scenarios;
  • identify the circumstances in which entities are required to present consolidated financial statements, prepare and present them in conformity with IFRS and explain the application of IFRS to specified group scenarios

 

Course Objective and Approach

The course is planned to prepare you for success in the June 2020 Financial Accounting and Reporting - IFRS exam. This is our key objective. We assume that you have done some preparatory work prior to the commencement of the course and that we can build on this through the duration of the course.

The course will consist of three (3) phases – a pre-recorded video phase (7 sessions), a lecture-based taught phase (7sessions) and a revision phase (7 sessions).

Lectures will follow the content of BPP course notes and will include extensive practice on questions from the ICAEW Question Bank.

You will be given Mock Exam 1 (ME 1) towards the end of the Taught Phase.
You will be given Mock Exam 2 (ME 2) towards the end of the Revision Phase.
City Academy’s tutors will mark and review your ME scripts so as to benefit your learning outcome. You will have the flexibility of practising the ME at your own time at home but you must submit your ME answer scripts by the due date set. You may also be given homework, assignments or additional reading materials.

The course is interactive and you will be encouraged to participate in class discussions.

“Completeness” is a key audit assertion. To meet the key course objective of exam success you need to be complete in your exam preparation. The course is aimed at exposure/coverage to/of most significant exam matters, and focuses on how these matters will be examined and prepares you with question practise and tips in answering this ICAEW paper. You will be expected to attend all lectures and any supplementary tutorials, complete all course assignments and sit for and submit all ME answers.

 

CITY ACADEMY, ICAEW GLOBAL PARTNER IN LEARNING

~ Working with ICAEW in the professional development of students ~