Programme Objective
This full redeveloped course will introduce the participants to the most common national and international employee benefit schemes and their accounting implications:

• Performance Bonus,
• Benefits in kind,
• Long-term service rewards,
• Retirement awards (deferred contribution and defined benefit plans)
• Share-based payments (equity and cash settled)

 
Additionally the course will focus on recognition and measurement of legal payments of termination benefits, gardening leave, compensation of loss of workspace, good and bad leaver provisions etc.

All benefits and their accounting implication will be discussed based on practical hands-on examples and case studies. For the more complex topics the view of the Singaporean Inland Revenues Authority will be explained and illustrated. The course will additionally cover the accounting for any deferred taxes resulting from different views between FRS and Singapore Tax Code on any of the fore standing topics

Programme Outline

A. Employee Benefits (FRS 19)

• Cash payments to employee trusts
• Long term benefits & disability

• Defined Contribution Plan
• Defined Benefit Plan

 
B. Share-based payments (FRS 102)

• Measurement: Grant date vs. Award day
• Vesting: Conditions and Timing
• Vesting: Cancellation vs. Modification
• Fair Value techniques

3. Cash-settled share-based transactions

• Measurement: liability approach
• Settlement methods: Choice for the entity or the employee

4. Group Plans (with and without recharge)

Training Methodology
Lecture style, with Exercises / Case Studies

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

Intended For

Chief Financial Officers, Financial Controllers, Finance Managers, Auditors, Accountants and those involved in the preparation and interpretation of financial statements. Other users of financial information will also find the seminar beneficial.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)