Regulatory Framework of Accounting

This module builds on the knowledge in ACC1001 Introduction to Financial Accounting. It covers the preparation of corporate financial statements that comply with the Singapore’s Financial Reporting Standards (SFRS), which are based on the International Financial Reporting Standards (IFRS) and other regulatory requirements. Topics covered in the module include the fundamentals on accounting for revenues, property plant and equipment, leases, investments in bonds and equities, investment properties, income taxes, provisions and contingent liabilities, changes in accounting policies and accounting estimates. Pre-requisite: ACC1001 Introduction to Financial Accounting.