To provide accounting professionals with guidance on the accounting for charities under the new Charities Accounting Standard (CAS) which was issued by the Singapore Accounting Standards Council (ASC), applicable for Charities when they prepare their financial statements for financial periods beginning on or after 1 July 2011.

The Charities Accounting Standard is essentially a simplified version of the Financial Reporting Standards containing accounting standards relevant to the charity sector. It aims to better meet the needs of charity sector and its stakeholders. This latest initiative is also part of a larger effort by the Office of the Commissioner of Charities to improve governance and enhance public confidence in the charity sector.

Programme Outline 

• General Overview of the Simplified charities accounting standard
• Statement of Financial Activities
• Balance Sheet items
• Statement of Cash Flows
• Special Section – Depreciation for Charities’ Fixed Assets
• Date from which Effective and Transitional Arrangements

Intended For

An Intermediate level programme intended for Practicing Accountants as well as Audit and Accounting professionals who are keen to learn about the simplified new Charities Accounting Standard (CAS).

Training Methodology

Lecture style, with Exercises/Case Studies