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Intermediate Accounting Course

As Singapore aims to be a leading global accountancy hub for the Asia-Pacific region by 2020, the demand for Accountancy courses/ workshops has since grown significantly.

In tandem with the increasing interest in Accountancy career, it is crucial to formulate basic and intermediate course which is robust, henceforth setting a solid platform for subsequent advancement to fundamental and professional course.

Participants will go through lectures, group discussions, Q&A sessions and class exercises.

Objective

Upon completion of this course, participants will be able to:

Intermediate Accounting

• Be able to understand in-depth on the various accrual concepts such as Prepaid Expense, Accrued Expense, Accrued Revenue and Revenue received in advance
• Be able to understand the difference between Inventory Periodic System and Perpetual System
• Be able to do inventory valuation using First-in-First-out (FIFO)
• Be able to do Bank Reconciliation Statements
• Be able to understand impairment of Trade Receivables and prepare Allowance for impairment account
• Be able to understand depreciation concept and prepare Fixed Asset Register
• Be able to distinguish the difference between Sole Proprietorship and Limited Company Accounts.
• Be able to prepare Cash Flow Statement
• Be able to do simple analytical deduction and conclusion from the Financial Statements using Financial Ratios.

Outline

(Intermediate Level)

1. Applying concept of Accrued Expense and Prepaid Expense
2. Applying concept of Accrued Revenue and Revenue Received In Advance
3. Introduction & application of Periodic System & Perpetual System
4. Introduction & application of inventory valuation using FIFO
5. Introduction & preparation of Bank Reconciliation Statements
6. Preparation of impairment of Receivables Accounts
7. Preparation of Fixed Asset Register
8. Preparation of Balance Sheet Equity Schedule for Sole Proprietorship and Limited Company
9. Introduction & preparation of Cash Flow Statement (Indirect Method)
10. Application of Financial Ratios from the Financial Statements for financial deduction and conclusion

Who should attend

Account assistants/ trainee account executives whom wish to further strengthen on their accounting knowledge so as to provide a good foundation for advancing to executive/ junior accountant related role.

Profile of Lawrence Poh

CA(Singapore), ATP(GST), CSP, ACTA, MAJ(NS)

Lawrence's passion in life revolves around teaching. In his years of corporate experiences, his belief is to anchor on nurturing those working professionals with EAR elements i.e. Energetic, Attentive, Receptive. Having mastered teaching-centric courses such as Train the Trainer, Method of Instruction and Learning Organization, Lawrence firmly believes in applying these methodologies during his lessons. End state in mind is to meet the learning objectives and more importantly to have fun. This can be achieved by having a conducive learning environment (reinforced with real life examples) which enables each participant to internalize most out of the lesson duration.

Lawrence is a full member of Institute of Singapore Chartered Accountants (ISCA) and Singapore Institute of Accredited Tax Professionals (SIATP). He is also a Qualified Individual approved by Singapore Accounting and Corporate Regulatory Authority (ACRA). He holds a Master of Accountancy from Victoria University, Australia and an Honours degree in Banking & Finance from University of London. He is also a Senior Army Officer (NS) who graduated from the former Singapore Command & Staff College.

Lawrence has more than 20 years of experience in accounting, audit, international tax, corporate finance, financial markets, company secretarial, ERP & Balanced Scorecard (BSC) system implementation and transformational leadership. He had assumed auditing, finance and accounting positions in Public Accounting Firms, Ministry of Defense and Process & Discrete Manufacturing Companies.