Financial Reporting

Upon completion of the Financial Reporting module, Candidates will be able to demonstrate knowledge and apply the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for an entity. They will also be able to explain and advise on the application of the SFRS, demonstrating appropriate professional judgment in the process.

Course Outline:

• Financial reporting framework

• Professional ethics in financial reporting

• Recognition and measurement of assets

• Recognition and measurement of liabilities

• Recognition of revenue and expenses

• Financial assets and financial liabilities

• Other standards on presentation and disclosure of financial statements

• Consolidated financial statements

• Other reporting frameworks and emerging trends