Established in 2007, the AISS is a student body with 18,500 members based in Singapore pursuing ACCA and CAT. Elected and co-opted student members form the core Executive Committee (Exco) which organises programmes for members, including professional development seminars, enrichment classes, social and networking sessions as well as career development talks.
We are members of the AISS Running Hobby Group that have joined in the i-run. i-run is a regular running session initiated by the Health Promotion Board and has helped busy ACCA/CAT students like us in terms of proper stress management. We feel fresher and more alert after running consistently every week for the past few weeks.
In August 09, we took part in the National Day fun run. All the participants were encouraged to run in red T-shirts. We sang national day songs throughout the 5 km run. At the start, the majority of the runners were shy but as time passed, they started to open up and everyone was singing happily as they were running.
We would like to invite more interested runners to join our Running Hobby Group. Pls contact Cassie at cassie.lai1012@gmail.com if you would like to join our runs. Hope to see you!
A very warm greeting from the ACCA/ICPAS Student Society (AISS) 2009 team.
AISS has planned an interactive session on the topic of Accounting for Financial Instruments. This topic is especially relevant for P2 (Corporate Reporting) and F7 (Financial Reporting) students, but all students are encouraged to attend.
Accounting for financial instruments is one of the most complex and taxing areas in accounting today, which touches all companies that have to account under Singapore Financial Reporting Standards (FRS). The term ‘financial instruments’ covers a wide spectrum of instruments from simple loans and receivables to complex derivative transactions and such instruments are pervasive throughout accounting and financial reporting.
Join Mr. Chua Kang Chew, PwC Manager, Financial Services, for this morning session to understand the key concepts and implications of the accounting requirements for financial instruments under FRS 39.
Topics to be covered include:
Scope of FRS 39 - Accounting for financial assets and financial liabilities o Initial recognition and classification o Derecognition o Subsequent measurement, fair values and impairment
- Identifying and "split"accounting for embedded derivative - Hedge accounting under FRS 39 requirements
Date: Saturday, 31st October, 2009 Time: 10am – 1pm Venue: FTMS Global, 20 Cecil Street, #03-00 Equity Plaza Singapore 049705 (5 minutes walk from Raffles Place MRT station) Room 304
Interested Students can register for the talk for a nominal fee of S$10 and stand to walk away with 1 of 5 Kube MP3 players in the lucky draw! (Limited Seats only!!)
Payment can be made by cash at the following centre:
1) ACCA Singapore Office (435 Orchard Road, #15-04/05 Wisma Atria, Singapore 238877) Office Hours: 9:00am to 6:00pm from Mondays to Thursdays, and from 9:00am to 5:00pm on Fridays.
For more information, please call AISS at 8264 4551 or email edntalk@gmail.com.
Brought to you by AISS
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The AISS is an 18,500-strong body for students pursuing ACCA and CAT in Singapore. The Executive Committee (Exco) is made up of students dedicated to enriching, enlivening and enhancing the ACCA and CAT student experience. To this end, the Exco organizes a slew of student events throughout the year, including exam seminars, networking sessions, professional development talks, company visits, charity events and movie nights. We also liaise with merchants and vendors to deliver membership benefits to students.
AGM Notice
The next AISS AGM will be held on 13 March 2010 (Saturday). As an ACCA or CAT student, you are automatically a member of the society, and are invited to attend the AGM.
AISS General Election 2010 • Do you have a desire to serve and a genuine passion to help others? • Do you possess leadership and communication skills? • Do you have experience in managing and organizing events and would like to do so?
The AISS is looking for committed and results-driven leaders to help shape the future of professional accounting students in Singapore. If you think that you have what it takes to make a difference for all ACCA and CAT students in Singapore, the AISS wants you! Apply for the positions of President / Vice President / Treasurer / Secretary / Committee Member for the term 2010.
“The AISS may well be one of the most interesting and challenging times of my life. The Exco has had our work cut out for us but we have no doubt enjoyed a deep sense of satisfaction from seeing our ideas turn into reality.” Maurice Teo, President, AISS 2009
"AISS has certainly groomed me in different aspects and has allowed me to take on different roles to hone my soft skills. Together with my team, we've overcome hurdles and formed a lasting friendship, to be remembered through the years!" Allan Santosh, Vice-President, AISS 2009
- Waiver of ACCA and ICPAS Annual Subscription Fees for 2010 - Course Voucher Scheme (CVS) by participating Approved Learning Partners - Free Attendance to student events - Invitation to special ICPAS and ACCA events - Letter of Appreciation from ICPAS and ACCA (subject to satisfactory performance)
For more details on the roles of the positions, the criteria for election candidates and the incentive package, please refer to ICPAS Examination & Student Registry (ESR) website: http://esr.icpas.org.sg/ESR/www_en/esr_whcontent.jsp?id=365
Brought to you by the ACCA/ICPAS Student Society (AISS)
The AISS Exco, together with our advisers from ACCA Singapore and ICPAS ESR, met with Mr Jeremy Hoon, Chairman of the Student Subcommittee and Partner, KPMG on 20 Oct 09 to discuss broad areas of cooperation in improving programs for ACCA and CAT students in Singapore. The Student Subcommittee is one of the subcommittees of the ACCA Local Executive Committee (LEC) which is spearheaded by prominent leaders of the local accounting and finance industry.
Maurice, AISS President, shared with Mr Hoon the slew of events that was lined up for students, including an FRS talk on 31 Oct 09 and a party in Jan 2010. Mr Hoon offered various suggestions on further programs that could be implemented, including one on resume writing/interview skills and an internship for students midway through the ACCA program.
The AISS Exco is grateful for Mr Hoon's inputs and will continue to work with our various stakeholders, including the LEC, ACCA Singapore and ICPAS ESR, to deliver exceptional benefits to the 18,500 students pursuing ACCA and CAT in Singapore.
AISS organised a company visit to Chio Lim Stone Forest on 23 September 2009 for 50 students. It was an unforgettable experience as we were given the opportunity to get an insider's view of working in Chio Lim.
To provide some background, Chio Lim is a member of RSM International, which is the 7th largest network of independent accounting and consulting firms in the world. The visit started with a brief introduction of corporate culture of the firm. We were told that the firm has a strong emphasis on street smartness in its selection of employees.
After the introduction, we had a tour of the company's premises. We visited various departments in the firm. From there the students had a clear view of the working environment in the audit firm.
The company visit ended with a Q&A session where students asked many questions relating to the employment policy of the firm. Many would agree that this was a fruitful visit and would highly recommend it to others to attend next year's visit.
L to R: Winston (ICPAS), Moe Htun (Committee Member), Zhuang Zhong (Committee Member), Eunice (Secretary). Nelson (Treasurer), Sylvia (Committee Member). Allan (Vice-President), Maurice (President) and Anthony (ACCA).
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