Course Detail()

This session is delivered via live webinar (zoom platform).

Programme Objective

ACRA has released version 3.4 of the BizFin^x Preparation Tool (Preptool) and Multi-Upload Tool (MUT).

Companies can prepare, validate and upload their financial statements in XBRL format using the latest versions from 1 October 2022 and must do so from 1 December 2022. Please click here for more information.

Please click here to download BizFinx Preparation Tool before the class.

Programme Outline

Introduction – BizFinx filing system and ACRA Taxonomy
How to install preparation tool
How to complete the Scoping Questions
Understanding of Filing Requirements – what is Minimum Requirement List?
How to import Financial Statement
Guidance in entry of Financial Statements into Templates via
Auto tagging
Manual entry
How to Validate and Generate XBRL files and Rectify Errors, if any
How to Save (in both Word and XBRL format) and Upload Financial Statements on BizFinx Portal

The trainer will use a company Financial Statement (case company) to demonstrate the entry in XBRL, from the initial creation to the saving of financial statements.
When entering financial statements, two modes of data entering will be covered:

Data entry
Editing the illustrative sample

It excludes the exporting of financial statements from ERP system or accounting software to XBRL.
This one-day training comprises theory and practical sessions. Participants will have an opportunity to have hands-on experience in using the XBRL to prepare financial statements.

Each participant is required to bring with him/her a set of financial information (softcopy) from a real company (i.e. a company registered with ACRA) for the purpose of hands on practice using XBRL to prepare the financial statements.
Each participant will be given access to a laptop/ desktop for accessing the XBRL. They will enter relevant data into the preparation tool, with guidance from the trainer. The data entered will not be uploaded to ACRA.

Pre-requisites
Please take note of the following admission requirements:

Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
Mandatory for video camera to be turned on throughout the course
Display your official name (as per NRIC) in Zoom, to facilitate attendance taking

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

Intended For

All accounting and finance professionals of Singapore incorporated companies.

Schedule & Fees

Testimonial

Funding

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

Programme Facilitator(s)