Course Schedule: Financial Accounting & Reporting 2020 Q4

Course Dates

Start Date:                                     1 day after enrolment to access videos / 17 Oct

End Date:                                       1 Dec 2020

 

Important Dates

Exam Registration Start Date:    28 Sep 2020

Exam Registration End Date:      30 Oct 2020

Exam Date:                                    7 Dec 2020

Results Released:                        22 Jan 2021

 

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

Classes are currently streamed live.
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

*IFRS 15 Revenue and IFRS 16 Leases will be revisited during second phase of teaching- as new updates

Taught Phase delivered online via live streaming

8  17 Oct Sat 9am – 12pm

 

·      Topic 6 Accounting for Groups I

9  18 Oct Sun 6pm – 9pm

 

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

10  5 Nov Thu 7pm – 10pm

 

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

11  6 Nov Fri 7pm – 10pm

 

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

12  7 Nov Sat 9am – 12pm

 

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

13  7 Nov Sat 2pm – 5pm

 

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

14  8 Nov Sun 9am – 12pm

 

·      Topic 8 Consolidated Statement of cash flow

Mock Exam 1 to be completed at home & submitted to tutor for marking by 15 Nov 2020

Revision Phase delivered online via live streaming

15  20 Nov Fri 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  21 Nov Sat 9am – 12pm

 

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

17  22 Nov Sun 9am – 12pm

 

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

18  27 Nov Fri 7pm – 10pm

 

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

19  28 Nov Sat 9am – 12pm

 

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

20  30 Nov Mon 7pm – 10pm

 

·      Session focused on additional question practice

21  1 Dec Tue 7pm – 10pm

 

·      Session focused on additional question practice

Mock Exam 2 to be completed at home & submitted to tutor by 30 Nov 2020

Download Course Outline

 

Course Tutor: Saminathan (Taught & Revision phase)

Sami is a renowned lecturer with over 30 years of teaching experience, having taught Accountancy-related programs since 1986. He specialises in corporate reporting and financial management. Each year, his classes consistently produce prize winners across the ACCA examinations. A strong believer in the importance of high-quality teaching to drive student results, Sami is known for simplifying the understanding of difficult concepts to layman terms. Thousands of students have benefited from his passionate teaching over the years, with most going on to achieve their professional qualifications. Sami ensures his teaching is consistent with the latest developments in the relevant fields to ensure students leave his classes ready to contribute in the workplace. He has also trained non-financial managers at large MNCs in the practical application of concepts taught in the classroom. Saminathan has a Bachelor in Economics from NUS and a CPA (Australia).

 

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 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 (7 + 1 sessions) and a revision phase (7 + 1 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 ~