Preparing Unaudited Financial Statements
Under the Companies Act, dormant and private exempt companies with an annual revenue below S$5m are not required to have their accounts audited. However, such companies must continue to maintain proper accounting records and prepare "true and fair" financial statements in accordance with the Financial Reporting Standards (FRS). Failure to maintain proper accounting records could result in Directors being fined up to S$2,000 or imprisoned for a term of up to 3 months in addition to a default penalty. Directors could also be fined up to S$50,000 if the financial statements do not comply with the FRS.
Covering the essential FRSs, the "Preparing Unaudited Financial Statements"workshop is designed to equip participants with the knowledge to prepare "true and fair" financial statements that comply with the FRS.
Detail
| Date: | |
| Duration: |
1, day(s) 9:15AM - 5:45PM |
| Fee: | $248.00 |
| Venue: | Executive Seminar Room 4.2 @ Admin Building
Level 4, Singapore Management University
81 Victoria Street
S(188065) |
Fees are subjected to prevailing GST of 7%
For more information, please contact JobsDB Learning at 65788111 or email to learning@jobsdb.com.sg
Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.
Outline
FRS 1: Presentation of Financial Statements
FRS 7: Cash Flow Statements
FRS 8: Accounting Policies, Changes in Accounting
Estimates and Errors
FRS 10: Events after the Balance Sheet Date
FRS 12: Income Taxes
FRS 16: Property, Plant and Equipment
FRS 18: Revenue
FRS 24: Related Party Disclosures
FRS 25: Accounting for Investment
Facilitators
Mr Lim Lian Soon, FCPA Singapore, FCPA (Aust), FCCA (UK), ATA, has
been practising as a Certified Public Accountant for over 15 years and is currently the
CEO of a public listed company. Prior to that he had worked in internal audit, regional
accounting and tax compliance.
Since 1989, he has also been actively conducting Continuing Professional Education
courses and in-house training on internal audit and fraud, taxation, financial
accounting and financial management
Who Should Attend
Company Directors, Finance/Accounting Personnel required to prepare unaudited financial statements without help from auditors