Impairment

• Estimate future cash flows
  • Gather data
  • Develop assumptions
• Calculate value in use
• Compare recoverable amount and carrying amount
• Recognise impairment loss
• Difference in the value-in-use analysis for an individual asset and for goodwill

Data analytics

• Downloading accounting data from accounting software
• Casting
• Completeness check
• Sequence check
• Date format conversion
• Compare dates
• Cutoff dates check
• PV dates and payment dates
• Round sum figures
• Weekend journal entries
• Duplicates check
• Identify unusual transactions

Participants are encouraged to bring along their laptops ( with MS Excel ) to try out the hands-on exercises. 

This workshop qualifies for:

4.0 hours in Auditing and Assurance Standards, Pronouncements and Methodology (Category 3); and

3.0 hours in Information Technology (Category 5)

Participants are encouraged to bring along their laptops ( with MS Excel ) to try out the hands-on exercises.

This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please indicate in “Remarks” section in your registration the mode of attendance.

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are also available in the training room to charge your digital device.

• Audit Professionals
• Accountants interested in understanding the practical aspects of impairment of assets and goodwill 
• Directors and Audit Committee Members

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 15 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).