Financial Management Seminar & FRS 11 Technical Workshop

Chris Fuggle, Partner - Regional Director of Outsourcing at Mazars will share his expertise about "Building Sustainable Growth for SMEs through Proactive Financial Management."

Programme Objectives

Industry Seminar

To enhance SMEs chance of success in raising the necessary capital, they need to strive to upgrade their financial management capabilities and improve their creditworthiness in the eyes of potential lenders and financiers. Sound financial management will not only make an SME more attractive to lenders and investors, it will also free up cash resources within the business and reduce the reliance on external financing.

The Financial Management Capability Programme (FMCP) is one of SPRING Singapore’s latest initiatives to help SMEs address and upgrade their financial management needs. The Institute of Certified Public Accountants of Singapore (ICPAS) is facilitating the matching of SMEs and the Small and Medium Practices (SMPs) with expertise in financial management consultancy.

Join this seminar to find out how to benefit from the Innovation and Capability Voucher (ICV) under FMCP. The session will feature a complimentary one-to-one business clinic at the end, allowing SMEs to seek financial management advice from the experts.

Technical Workshop

Do you experience problems with the allocation of contract revenue and contract costs to the accounting periods in which construction work is performed when the percentage of completion method is being used? What basis do you use to measure the stage of completion of construction contracts? When and how should you provide for foreseeable losses for the construction contracts?

While there is no “one size fits all” answer to these questions, come join us for this workshop conducted by Mr Loh Ji Kin as he discusses the challenges faced in the practical application of FRS 11 Construction Contracts for the preparation of financial statements. 

Programme Details

Date

21 November 2012

Wednesday

(Registration closes on 19 November 2012 or until capacity filled, first-come-first-served basis)

Agenda

 08:30 – 09:00  Registration

Session 1: Industry Seminar

09:00 – 09:05  Welcome Address by ICPAS 

09:05 – 09:25  “Building Sustainable Growth for SMEs through Proactive Financial Management” by Mr. Chris Fuggle, Partner - Regional Director of Outsourcing, Mazars

09:25 – 9:45  Sharing of SME Success Story

09:45 – 10:00  Twinning of SMPs and SMEs - Upgrading of Financial Management

 Capabilities: Briefing of ICV Schemes by ICPAS' Mr. Patrick Chan, Head, Industry Development

10:00 – 10:30  Panel Discussion - SMP Financial Management Consultants & SMEs 

10:30 – 11:00  Coffee Break

Session 2: Technical Workshop

11:00 – 12:30  Basic Understanding of FRS11 Construction Contracts

 Practical Application of FRS 11 for Long Term Contracts by Mr. Loh Ji Kin, Corporate Advisory Director, Nexia TS Public Accounting Corporation

12:30 – 13:00  Q&A Session

 Mr. Loh Ji Kin, Corporate Advisory Director, Nexia TS Public Accounting Corporation

 Ms Lim Soh Hoon, Chief Financial Officer, Ryobi Kiso Holdings Ltd

13:00 – 14:00  End of Session

 Networking Lunch

 Complimentary 1-on-1 Business Clinic for Financial Management Advisory

This seminar & technical workshop would be useful for the professional accountants in business who are keen to learn more about financial management and the practical challenges faced from the application of FRS 11 requirements in the preparation of financial statements. 

Venue

STI Auditorium

168 Robinson Road

Capital Tower, Level 9

Singapore 068912

Fee

ICPAS Member: S$85.60 (with GST)

Non Member: S$107.00 (with GST)