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Preparatory Course for Singapore Chartered Accountant Qualification - Foundation Programme – Principles of Financial Reporting


The Principles of Financial Reporting module provides candidates with knowledge of the Conceptual Framework and the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for single entities, including basic notes to the accounts. Candidates will also be able to explain and advise on the application fo the SFRS, demonstrating appropriate professional judgment. The Principles of Financial Reporting module provides foundation accounting knowledge for the Advanced Financial Reporting module and the Assurance module. 

Course Outline
  • Understand the components of the Conceptual Framework
  • Assess the relevance and importance of ethics and professionalism in complying with accounting standards and position the body of knowledge within the wider legal framework in Singapore
  • Apply the appropriate measurement and recognition criteria for the elements of the financial statements. 
  • Prepare a complete set of financial statements, including basic notes to the accounts, for a retail entity, a service entity, and a manufacturing entity. 
Assessment / Certificate of Attainment

No assessment or certificate is involved in this course. The Foundation Course allows entry into the Singapore CA Qualification for interested candidates without an accredited accountancy degree. Students may sit an external examination conducted by Singapore Accountancy Commission (SAC) after the course.

Who Should Attend?

This course is ideal for candiates without an accredited accountancy degree who would like to prepare themselves for entry into the Singapore CA Qualification Professional Programme.

Course Duration

Physical Classroom: 42 hours (inclusive mock exam review 3hr)

Assessment: 3 hours

Online Training: 10 hours (Supplementary videos)

No. of Training days: 14 days

Learning Materials

Students will be given a set of the learning pack prepared by LSBF tutor.

Teacher Student Ratio


Course Fee


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