Course Schedule: Financial Accounting & Reporting Q3
Course Dates
Start Date: Recorded phase available upon enrolment
Taught phase starts 13 July 2024
End Date: 1 Sep 2024
Important Dates
Exam Registration Start Date: 25 Jul 2024
Exam Registration End Date: 02 Aug 2024
Exam Date: 09 Sep 2024
Results Released: 17 Oct 2024
Course Structure
Recorded Phase: 8 sessions x 3-hour
Taught Phase: 8 sessions x 3-hour
Revision Phase: 8 sessions x 3-hour
Total number of course hours: 72
Mock Exams: 2 (to be completed at home & submitted to tutor for marking)
Training Venue
All taught and revision phase will be delivered on line (via Zoom)
Class Size
Class is limited to 30 students on a first-come first-served basis.
If you have further query or wish to enroll, please contact us at enquiry@cityacademy.sg
Website: www.cityacademy.sg Tel: 6742 0300
2024 Schedule: Financial Accounting and Reporting – IFRS
| No | Date | Day | Timing |
Topics |
|
Recorded Phase |
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| 1 |
· Recap of Topic 1 and reporting concepts · Topic 2 Preparation of financial statements – formats of accounts and revision of preparation of IAS 1 Format account from a trial balance. |
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| 2 |
· Topic 2 contd- Discontinued Operations and Foreign currency (individual transactions) |
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| 3 |
· Topic 3 Assets for continued use, including initial recognition of PPE, revaluations, impairments, borrowing costs and derecognition of PPE |
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| 4 |
· Topic 3 contd- Intangibles and Leases |
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| 5 |
· Question practice testing everything so fa · Completion of Topic 3 Government Grants and Topic 4 Fair presentation- Revenue and inventories |
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| 6 |
· Topic 4 contd. |
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| 7 |
· Topic 5- Disclosures, including: Earnings per share, distributable profits, related parties and events after the reporting date |
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| 8 |
Mixed topic question technique- including different accounting standards covered during phase 1- and how to structure a written question |
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|
Taught Phase delivered online via live streaming |
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| 9 | 13 Jul | Sat | 2pm – 5pm |
· Topic 6 Accounting for Groups I and the ICAEW consolidation workings |
| 10 | 13 Jul | Sat | 6pm – 9pm |
· Topic 6 contd- Consolidated statement of financial position, including further adjustments |
| 11 | 20 Jul | Sat | 2pm – 5pm |
· Topic 6 contd- Consolidated statement of financial position and Topic 7 Accounting for Groups 2: Consolidated statement of financial performance |
| 12 | 20 Jul | Sat | 6pm – 9pm |
· Topic 7 – Accounting for Groups 2 further adjustments and Investments in associates |
| 13 | 27 Jul | Sat | 2pm – 5pm |
· Topic 7 contd- Consolidated statement of changes in equity and disposal of a full subsidiary |
| 14 | 27 Jul | Sat | 6pm – 9pm | · Question practice and intro to Topic 8 Statement of cash flows, for an individual entity |
| 15 | 03 Aug | Sat | 2pm – 5pm |
· Topic 8 Consolidated Statement of cash flow |
| 16 | 03 Aug | Sat | 6pm – 9pm |
· Topic 8 contd and question technique on consolidation and recap ICAEW standard group workings |
|
Mock Exam 1 to be completed at home & submitted to tutor for marking by 10th August. |
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|
Revision Phase delivered online via live streaming |
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| 1 | 17 Aug | Sat | 2pm – 5pm |
· This marks the beginning of the revision phase of study · Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 2 | 17 Aug | Sat | 6pm – 9pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 3 | 24 Aug | Sat | 2pm – 5pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 4 | 24 Aug | Sat | 6pm – 9pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 5 | 31 Aug | Sat | 2pm – 5pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 6 | 31 Aug | Sat | 6pm – 9pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 7 | 1 Sep | Sat | 2pm – 5pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
| 8 | 1 Sep | Sat | 6pm – 9pm |
· Tailored question practice and debriefs of past exam questions to cover all areas of the syllabus |
|
Mock Exam 2 to be completed at home & submitted to tutor by 3rd September. |
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To enrol for this course, please click this link Enrol
Course Tutor: Jodie Lucas
Jodie qualified as ACA at the age of 22.
After leaving audit practice in 2000, Jodie worked for Kaplan Financial for 16 years as an integral part of their Birmingham tutoring team - teaching ICAEW, ACCA and CIMA studies. She left Kaplan in search of some up-to-date practical experience to reinforce and complement her classroom delivery.
Jodie established her own company soon after and has built a portfolio of varied clients, dividing her time and energy between her continued passion for freelance lecturing for a number of providers in the UK and Dubai; and contract audit and advisory work for Deloitte.
She is enthusiastic and driven to help students to understand, apply and retain their technical knowledge gained from her subjects, not only to enable students to pass exams but to become better prepared in the work place.
She also remains involved with the ACCA as a writer of CBE material and has been involved in marking for the ACCAs’ equivalent Audit and Assurance paper.
Financial Accounting and Reporting – IFRS
On completion of the Financial Accounting and Reporting module, students will be able to:
- explain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board’s (IASB) conceptual framework for financial reporting and identify and explain key ethical issues;
- prepare and present financial statements from accounting data for single entities in conformity with IFRS and explain the application of IFRS to specified single entity scenarios;
- identify the circumstances in which entities are required to present consolidated financial statements, prepare and present them in conformity with IFRS and explain the application of IFRS to specified group scenarios
Course Objective and Approach
The course is planned to prepare you for success in the Financial Accounting and Reporting - IFRS exam. This is our key objective. We assume that you have done some preparatory work prior to the commencement of the course and that we can build on this through the duration of the course.
The course will consist of three (3) phases – a recorded phase (8 sessions), a lecture-based taught phase (8 sessions) and a revision phase (8 sessions), all delivered via live streaming.
Lectures will follow the content of BPP course notes and will include extensive practice on questions from the ICAEW Question Bank.
You will be given Mock Exam 1 (ME 1) towards the end of the Taught Phase.
You will be given Mock Exam 2 (ME 2) towards the end of the Revision Phase.
City Academy’s tutors will mark and review your ME scripts so as to benefit your learning outcome. You will have the flexibility of practising the ME at your own time at home but you must submit your ME answer scripts by the due date set. You may also be given homework, assignments or additional reading materials.
The course is interactive and you will be encouraged to participate in class discussions.
“Completeness” is a key audit assertion. To meet the key course objective of exam success you need to be complete in your exam preparation. The course is aimed at exposure/coverage to/of most significant exam matters, and focuses on how these matters will be examined and prepares you with question practise and tips in answering this ICAEW paper. You will be expected to attend all lectures and any supplementary tutorials, complete all course assignments and sit for and submit all ME answers.
CITY ACADEMY, ICAEW GLOBAL PARTNER IN LEARNING
~ Working with ICAEW in the professional development of students ~