UTAP Funding
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)"IntroductionCash 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 ObjectiveThis 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
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)"IntroductionCash 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 ObjectiveThis 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
1. Understanding the Technical Requirements of the StandardDetermining cash and cash equivalentsShort-dated instruments used to manage cash flows Short-term borrowing facilities (bank overdraft)Distinguishing investing activities from cash and cash equivalentMovement between cash and cash equivalentCash deposits pledged to a lender for borrowing facilities Disclosure of cash and cash equivalentPresenting and reporting operating activities Indirect methodsMethodologies and practical problemsAdjustment for provisions, allowance for impairmentsMovements of other operating itemsDirect methodMethodologies of finding cash payments and cash receiptsPresenting investing and financing activitiesDecide when to report cash flows in net basis or gross basisDeciding whether interest, dividend and taxation is operating, investing or financing activitiesNon-cash transactions How to determine non-cash transactionsHandling non-cash transactions in statement of cash flows arising from various transactionsDealing with non-cash transactions between parent and subsidiaries at company level and at consolidationCash flows from assets that are regularly held for rental and saleDisclosure of reconciliation of financing activities with liabilities recognised in statement of financial position 2. Handling foreign exchanges differences in cash flow statementsForeign exchange arising from cash and cash equivalentHandling 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 incomeAllocating 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 approachUsing consolidated financial statements approachIssues 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 controlCash flows involving non-controlling interestDetermining 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 quizzesClosing Date for Registration1 week before programme or until full enrolment
1. Understanding the Technical Requirements of the Standard
2. Handling foreign exchanges differences in cash flow statements
3. A brief on cash flows related to subsidiaries and associates
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 quizzesClosing Date for Registration1 week before programme or until full enrolment
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.
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
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