Detailed Lesson Plan for Training on Do Your Own Company Accounts, Secretarial & Tax

Entity : Sue Kam Accounting Pte. Ltd.

Course Title : Training on Do Your Own Company Accounts, Secretarial & Tax

Prepared by : Kam Suet Cheng (Sue)

Date : 21 June 2019

DETAILED LESSON PLAN

Introduction

Topic : Course Trainer and Individual Participant Introduction

Duration : 0.5 hours

Objectives : To briefly introduce everyone, to warm up the ambience before the start of the course

Detailed coverage :

· Course Trainer to give a brief introduction to herself

· Each Participant shall give a brief introduction of himself/herself of name and what they do for a living

Module A

Topic : Company Incorporation, Annual Filing with ACRA

Duration : 2 hours

Objectives : To equip Trainees with basic understanding of a Company structure, the basics on registering a typical Private Limited Company and a typical Annual Filing with ACRA

Detailed coverage :

· Getting it right on Establishing Company Incorporation date, Year End Date, Company Name and Share Capital

· Knowing the essentials of setting up a typical Private Limited Company and getting it right first time so as not to correct a mess later on

· General compliances such as Annual Filing

· Introduction to Bizfile

· Questions and Answers Session

Module B

Topic : Preparing AGM and Minutes

Duration : 1.5 hours

Objectives : To equip Trainees with the general understanding of the underlying significance of Minutes and statutory compliances thereon

Detailed coverage :

· General walk through of Statutes and Singapore Law

· Knowing the essentials and significance of Company Minutes

· ACRA Compliances on AGM and Minutes

· Questions and Answers Session

Module C

Topic : Duties of Company Secretary

Duration : 1.5 hours

Objectives : To equip Trainees with basic understanding of the role, duties and responsibilities of Company Secretaries for Private Limited Companies

Detailed coverage :

· Who can be a Company Secretary

· Functional responsibilities of Company Secretary

· Risks of taking up the appointment as Company Secretary

· Getting it right first time

· How to look for answers when in doubt.

· Questions and Answers Session

Module D

Topic : Book Keeping and Record Keeping

Duration : 2 hours

Objectives : To equip Trainees with basics of Corporate Compliances with the relevant statutes on Book Keeping and Record Keeping

Detailed coverage :

· Getting it right on Establishing a system of book keeping which conforms with the relevant Laws

· Statute Barred Time Limit

· Setting up an efficient Manual or Excel Book Keeping system (without Accounting Software)

· How to look for answers when in doubt

· Questions and Answers Session

Module E

Topic : Preparing Financial Statements

Duration : 2 hours

Objectives : To equip Trainees with basic understanding of Company Financial Statements and its significance

Detailed coverage :

· Understanding of the purposes and relationships of parties within a Financial Statement of a typical Private Limited Company

· Knowing the essentials of Financial Statements

· General compliances with references to Singapore Financial Reporting Standards

· How to look for answers when in doubt

· Questions and Answers Session

Module F

Topic : Preparing Tax Computation

Duration : 2 hours

Objectives : To equip Trainees with basic understanding of Company Tax Computations and to prepare a typical and simple tax computation of a private limited Company

Detailed coverage :

· Understanding of what is a Tax Computation

· Knowing the essentials of Tax Computations

· General tax deductibles and non-tax deductible items

· General compliances with references to rules set out by IRAS (Inland Revenue Authority of Singapore)

· How to look for answers when in doubt

· Questions and Answers Session

Module G

Topic : Tax Submission, Form C-S

Duration : 2 hours

Objectives : To equip Trainees with the highlights of important things to note on tax submissions, form C-S and on how to go about filing their Company Tax

Detailed coverage :

· Understanding of critical nature of tax submission

· Knowing the essentials requirements set out by IRAS, including filing deadlines

· General compliances with references to rules set out by IRAS (Inland Revenue Authority of Singapore)

· How to go about filing Corporate tax and Acknowledgements thereon

· How to look for answers when in doubt

· Questions and Answers Session

Module H

Topic : Preparing Full Set of Annual Accounts

Duration : 0.5 hours

Objectives : To equip Trainees with basic skills of preparing a full set of book-keeping, Financial Statements, AGM Minutes and Tax Computation of a relatively small company with low complexities

Detailed coverage :

· Using an example typical company monthly source documents, compile the information

· Knowing the essentials of an efficient method and getting it right first time so as not to correct a mess later on

· Key in the data into Excel Speadsheet

· Generate book-keeping reports, Financial Statements, AGM Minutes and Tax Computation

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