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Oxford Business School
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PAC01: Accounting Fundamentals

Event: E1764 Category: Finance & Accounting

Highlights

* Understand key accounting concepts used in preparing financial statements.

* Understand how is value recorded.

* Gain an Insight into the structure of an annual report.

* Discussion on various components of the annual report.

* Understand how valuation affects profitability.

* Comprehend the difference between Profit vs. cash flow.

Seminar Facilitator(s):

Mr. Adam K. K. Wong
B.Acc., FCPA, Certified Professional Trainer

For more information about the seminar please go to:

http://www.pi-eta.com/Seminars/Spore_Seminars/PIETA_Seminars/SemSporePAC01_Highlights.asp

date

12 Jul, 2010

time

9:00 am - 5:00 pm

venue

Concorde Hotel Singapore,
100 Orchard Road,
Singapore 238840

Fee

SGD 1,391

Complimentary: No
SDF-funded: No

target audience

Financial managers, senior managers with no accounting knowledge, research analysts, credit and financial analysts, portfolio managers, credit officers, corporate bankers, commercial bankers, risk managers and analysts.

Max number of participants

Registration Status

Closed

organizing company

PI ETA Consulting Company

contact details

Telephone: +(65) 63410010
Fax: +(65) 63410020
Email: marketing@pi-eta.com

event description

Comment from past participant:

"The seminar was useful in giving an overview of the accounting concepts."
– Ms. Yuan Hui Yee Genevieve, Calyon Singapore Branch, Singapore.
[Class of September 2009]

Seminar Background

An in-depth introduction to accounting concepts. Accounting practices and financial statements are discussed in detail. Real-life applications are reviewed through practical examples.

Seminar Content

* Introduction
- Types of Financial Statements
- Users of Financial Statements

* Key Accounting Concepts
- Entity
- Monetary Measure
- Going Concern
- Accounting Period

* Accounting for Value
- Going Concern Value
- Market Value
- Historical Value

* Structure for the Annual Report
- Management Statement
- Post Reporting Events
- Auditor’s Report

* Organisation and Contents of a Balance Sheet
- Assets and Their Measurement
# Nature of Assets
# Asset vs. Expenses
- Analysis of Current Assets
# Nature of Current Assets
# Significance of Inventory and Receivables
# Factors Influencing the Level of Working Capital Requirement
# Inventory Valuation
Cost or Market
Cost Flow Assumptions and Its Impact on the Profit and Loss
Statement
- Analysis of Long Term Assets
# Nature of Long Term Assets
# Valuation Methods
# Impairment of Fixed Asset Value
# Impact on Net Worth
# Depreciation
Concepts of Depreciation
Objectives of Depreciation Charge
Charging Concepts
Depreciation Methods
- Analysis of Intangibles
# Nature of Intangibles
# Valuation Issues
# Amortisation
# A Deeper Look at:
Research & Development
Goodwill
- Liabilities and Their Measurement
# Nature of Liabilities
# Characteristics of Liabilities
# Short Term vs. Long Term Liabilities
# Contingent Liabilities
# Valuation of Liabilities
# Early Extinguishment of Debt
- Net Worth
# Composition of Equity
# Impact of Asset Valuation on Equity

* Organisation and Contents of the Profit & Loss Statement
- Impact of Income Measurement due to:
# Revenue Recognition Methods
Nature of Revenue
What should be Included in Revenue
Operating vs. Non-operating
Recurring vs. Non-recurring Income
Measurement
Timing of Revenue Recognition
- Cost Concepts – How It Impact the Financial Results
# Distinction between Expense and Expenditure
# What should be Included in Expenses
# Why Capitalise Expenditure
# Measurement
# Timing
- Inventory Cost and Its Impact on Profitability
# FIFO
# LIFO
# Identified or Actual Cost
# Weighted Average

* Concept of Profit
- Matching Concept
- Cash Flow vs. Profit

* Limitation of Financial Statements