Financial Reporting

Upon completion of the Financial Reporting module, Candidates will be able to demonstrate knowledge and apply the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for an entity. They will also be able to explain and advise on the application of the SFRS, demonstrating appropriate professional judgment in the process.

Financial Reporting

Key Facts

  • Duration: 20 hours
  • Delivery Mode: Blended
  • Fees: SGD $1000

Course outline

  • Financial reporting framework
  • Professional ethics in financial reporting
  • Recognition and measurement of assets
  • Recognition and measurement of liabilities
  • Recognition of revenue and expenses
  • Financial assets and financial liabilities
  • Other standards on presentation and disclosure of financial statements
  • Consolidated financial statements
  • Other reporting frameworks and emerging trends

  • Understand the role of financial reporting in the decision making process of various stakeholders
  • Identify stakeholders in the financial reporting process
  • Explain general-purpose financial statements to stakeholders
  • Identify and explain the different stakeholders’ roles in public sector financial reporting

For more information, please see the handbook attached.

The Candidate Learning Pack (CLP) and Practice Workbook (PWB) where applicable will be provided by
SAC to candidates directly.

Applicants must satisfy both the Academic and Practical Requirements outlined below. 


Applicants need to have either of the following:

1. Direct Entry Degree

Applicants must possess one of the following degrees for no more than 5 years commencing from the date of conferment.

  • Nanyang Technological University
    • Bachelor of Accountancy
    • Master of Science in Accountancy (previously known as Master of Business Administration (Accountancy))
  • National University of Singapore - Bachelor of Business Administration (Accountancy)
  • Singapore Management University  - Bachelor of Accountancy
  • Singapore University of Social Sciences - Bachelor of Accountancy (part-time included)
  • Singapore Management University - Master of Professional Accounting
  • Singapore Institute of Technology - Bachelor of Accountancy

Applicants who have had a direct entry degree for more than 5 years may have their working experience considered for direct admission on a case-by-case basis.

2. Accredited Degree or Other degree

Applicants must possess an accredited degree or other degree that is recognised by SAC and have completed the Singapore CA Qualification (Foundation) programme. For a list of universities or institutions recognised by the SAC, please click here

3. Final Year Undergraduates (with effect from November 2020)

Final-year Bachelor of Accountancy undergraduates from NUS, NTU, SMU, SIT and SUSS, and final year undergraduates from any discipline from all universities who have completed the Foundation Programme, do not need to graduate before signing up for the Professional Programme. They can do so as a final year undergraduate, and their one-time application fee of S$107 will be waived.


To register, the applicant must be employed in an Accredited Training Organisation (ATO).The ATOs issue a Training Agreement and assign an Approved Mentor to their Candidates.

Request More Information

Contact a programme advisor by calling
+65 6580 7700

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