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Consolidated Financial Statements for Groups with Local and Foreign Subsidiaries:

Overcoming the Preparation and Presentation Challenges

Expert Speaker Ng Eng Juan

$663.40 (including GST)

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EARLY BIRD SPECIAL: Save 10% when you register by 09 Apr 2019. Use code APR19 at checkout.

Overview

Consolidation is one of the more challenging subjects in accounting, potentially presenting an array of complex situations for the preparer to deal with. This hands-on workshop will cover the consolidation adjustments involving local and foreign subsidiaries. And, it will discuss, illustrate and address the issues related to the preparation and presentation of consolidated financial statements in the Singapore context, for groups with local and foreign subsidiaries.

 

This programme is designed specifically for Accountants who have to prepare consolidated financial statements and for auditors who have to verify the appropriateness of the financial statements. This practical workshop will equip you with a strong foundation in consolidation accounting as you will be guided through various scenarios and a number of consolidation case studies to apply your acquired knowledge into practice.

What You Will Learn

At the end of this workshop, you will:

  • Be able to prepare the consolidated financial statements in compliance with the Singapore legal and accounting requirements
  • Gain practical knowledge and insights on overcoming fundamental consolidated accounting issues
  • Have a good understanding on the latest developments in consolidated accounting for groups with local and foreign subsidiaries

Programme Outline

Introduction

  • Who has to present consolidated financial statements?
  • Who is exempted?

Consolidation Adjustments for Local Subsidiaries

  • Add across
  • Fair value adjustment / purchase price allocation
  • Goodwill on consolidation
  • Non-controlling interests
  • Pre-acquisition and post-acquisition reserves
  • Inter-company transactions and unrealised profits/losses

Consolidation Adjustments for Foreign Subsidiaries

  • Translation process
  • Specific issues in consolidation process

Expert Speaker

Professor Ng Eng Juan graduated with B. Ec (first class honours) from Universiti Malaya, and MBA from University of Southern California. He is a fellow of ISCA and a member of MICPA with several years of working experience in an international public accounting firm. Prof Ng has been with the Nanyang Business School, Nanyang Technological University, teaching Financial Accounting subjects in the B Acc and MBA programmes. Over the years, he has won several teaching awards. He also conducts regular continuing professional education programmes for delegates from China, Malaysia and Singapore. Prof Ng has written several publications including “Singapore GAAP”, “Derivatives and Hedge Accounting” and “Practical Guide to Financial Reporting Standards Singapore”, which are published by CCH Asia. He is currently with the Singapore University of Social Sciences (SUSS).

Enquiries: 6211 3935; amy.wong@wolterskluwer.com / 6211 3939; sandi.teoh@wolterskluwer.com  

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