Course Detail()

UTAP Funding

7.00 CPE Hours (Category 1, Category 2, Category 3, Category 4, Others)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Formerly known as "Preparation and Presentation of Separate and Consolidated Statement of Cash Flows (FRS 7, FRS 21)"

Introduction

Cash flow information helps the users to assess an entity’s ability to generate cash and cash equivalents as well as useful to users in assessing and comparing the present value of the future cash flows of different entities. Information on historical cash flows is often used as basis for predicting cash flows in the future as to the amount, timing, and certainty of such cash flows. 


Programme Objective

This seminar analyses the essential technical requirements of the Standard and provides practical methodologies to help preparers in practice. The seminar: 

•    highlights the problems often encountered in preparing a statement of cash flows
•    specifically addresses the techniques of dealing with foreign exchange cash flows arising from transactions and balances as well as foreign exchange differences arising from translating a foreign subsidiary
•    uses mini conceptual case studies to demonstrate how the various methodologies introduced in this seminar are applied in practice

Programme Outline


1.    Understanding the Technical Requirements of the Standard

  • Determining cash and cash equivalents
    • Short-dated instruments used to manage cash flows
    •  Short-term borrowing facilities (bank overdraft)
    • Distinguishing investing activities from cash and cash equivalent
    • Movement between cash and cash equivalent
    • Cash deposits pledged to a lender for borrowing facilities
    •  Disclosure of cash and cash equivalent
  • Presenting and reporting operating activities 
    • Indirect methods
      • Methodologies and practical problems
      • Adjustment for provisions, allowance for impairments
      • Movements of other operating items
    • Direct method
      • Methodologies of finding cash payments and cash receipts
  • Presenting investing and financing activities
    • Decide when to report cash flows in net basis or gross basis
  • Deciding whether interest, dividend and taxation is operating, investing or financing activities
  • Non-cash transactions 
    • How to determine non-cash transactions
    • Handling non-cash transactions in statement of cash flows arising from various transactions
    • Dealing with non-cash transactions between parent and subsidiaries at company level and at consolidation
  • Cash flows from assets that are regularly held for rental and sale
  • Disclosure of reconciliation of financing activities with liabilities recognised in statement of financial position
     

2.    Handling foreign exchanges differences in cash flow statements

  • Foreign exchange arising from cash and cash equivalent
  • Handling foreign exchange gain or loss arising from reporting foreign currency into functional currency that are recognised in profit or loss 
  • Dealing with foreign exchange gain or loss arising from translating functional currency into presentation currency in that are recognised in other comprehensive income
  • Allocating foreign exchange translation difference to the respective assets and liabilities of a foreign subsidiary 
     

3.    A brief on cash flows related to subsidiaries and associates  

  • Methodologies of preparing consolidates statement of cash flows:
    • Using the sum of individual statement of cash flows approach
    • Using consolidated financial statements approach
  • Issues relating to cash flows of a subsidiary: 
    • Changes in interest that the parent is still in control 
    • Changes in interest that the parent is gaining or losing control
    • Cash flows involving non-controlling interest
  • Determining cash flows using equity method
     

Training Methodology
•    Spreadsheet templates are provided, and attendees are expected to practice on the spreadsheets
•    An interactive learning session with trainer-led facilitation, live Q&As, quick polls/surveys, self-assessment quizzes


Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that focuses on the preparation of statements of cash flows are welcome to attend.

Schedule & Fees

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Formerly known as "Preparation and Presentation of Separate and Consolidated Statement of Cash Flows (FRS 7, FRS 21)"

Introduction

Cash flow information helps the users to assess an entity’s ability to generate cash and cash equivalents as well as useful to users in assessing and comparing the present value of the future cash flows of different entities. Information on historical cash flows is often used as basis for predicting cash flows in the future as to the amount, timing, and certainty of such cash flows. 


Programme Objective

This seminar analyses the essential technical requirements of the Standard and provides practical methodologies to help preparers in practice. The seminar: 

•    highlights the problems often encountered in preparing a statement of cash flows
•    specifically addresses the techniques of dealing with foreign exchange cash flows arising from transactions and balances as well as foreign exchange differences arising from translating a foreign subsidiary
•    uses mini conceptual case studies to demonstrate how the various methodologies introduced in this seminar are applied in practice

Programme Outline


1.    Understanding the Technical Requirements of the Standard

  • Determining cash and cash equivalents
    • Short-dated instruments used to manage cash flows
    •  Short-term borrowing facilities (bank overdraft)
    • Distinguishing investing activities from cash and cash equivalent
    • Movement between cash and cash equivalent
    • Cash deposits pledged to a lender for borrowing facilities
    •  Disclosure of cash and cash equivalent
  • Presenting and reporting operating activities 
    • Indirect methods
      • Methodologies and practical problems
      • Adjustment for provisions, allowance for impairments
      • Movements of other operating items
    • Direct method
      • Methodologies of finding cash payments and cash receipts
  • Presenting investing and financing activities
    • Decide when to report cash flows in net basis or gross basis
  • Deciding whether interest, dividend and taxation is operating, investing or financing activities
  • Non-cash transactions 
    • How to determine non-cash transactions
    • Handling non-cash transactions in statement of cash flows arising from various transactions
    • Dealing with non-cash transactions between parent and subsidiaries at company level and at consolidation
  • Cash flows from assets that are regularly held for rental and sale
  • Disclosure of reconciliation of financing activities with liabilities recognised in statement of financial position
     

2.    Handling foreign exchanges differences in cash flow statements

  • Foreign exchange arising from cash and cash equivalent
  • Handling foreign exchange gain or loss arising from reporting foreign currency into functional currency that are recognised in profit or loss 
  • Dealing with foreign exchange gain or loss arising from translating functional currency into presentation currency in that are recognised in other comprehensive income
  • Allocating foreign exchange translation difference to the respective assets and liabilities of a foreign subsidiary 
     

3.    A brief on cash flows related to subsidiaries and associates  

  • Methodologies of preparing consolidates statement of cash flows:
    • Using the sum of individual statement of cash flows approach
    • Using consolidated financial statements approach
  • Issues relating to cash flows of a subsidiary: 
    • Changes in interest that the parent is still in control 
    • Changes in interest that the parent is gaining or losing control
    • Cash flows involving non-controlling interest
  • Determining cash flows using equity method
     

Training Methodology
•    Spreadsheet templates are provided, and attendees are expected to practice on the spreadsheets
•    An interactive learning session with trainer-led facilitation, live Q&As, quick polls/surveys, self-assessment quizzes


Closing Date for Registration
1 week before programme or until full enrolment

Intended For

This programme is suitable for all Finance Professionals, Audit Professionals, Members of Audit Committee, Finance Directors and Regulators. Those who are keen on attending a practical course that focuses on the preparation of statements of cash flows are welcome to attend.

Programme Facilitator(s)


No course instances or course instance sessions available.