About this Course
This short course provides a comprehensive overview of the International Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs). The short course covers the key principles of Sections 21 (Provisions and Contingencies), 29 (Income Tax), 23 (Revenue), 20 (Leases), 11 (Basic Financial Instruments), 12 (Other Financial Instrument Issues & Section 22 (Liabilities and Equity), 28 (Employee Benefits & Section 26 (Share-based Payment) and 19 (Business Combinations and Goodwill). We also look at accounting for assets from Section 17 Property, Plant and Equipment through to 18 Intangible Assets, 13 Inventories and 16 Investment Properties which includes a look at Section 27 (Impairment of Assets) and provides a guided tour through the Illustrative Financial Statements (including important aspects from Sections 3 to 8 and Section 33 (Related Party Disclosures). This short course is suitable for both finance and accounting professionals and provides a comprehensive understanding of the IFRS for SMEs.
Anyone, whether a trainee or a practising professional in the field of Accounting, Audit and Tax can attend this short course in order to update their knowledge on IFRS for SMEs and / or to learn new standards that have recently been amended / created.
Learning Objectives
Each of these sessions aims at ensuring that the delegate:
- Gains a better understanding of the background and definitions of the topic.
- Understands when the transaction can be recognised in the trial balance or simply requires a note in the financials.
- Gains a better understanding of the measurement issues surrounding the topic, both initial measurement and subsequent.
- Becomes aware of any particular nuances to the topic that differentiates it from other transactions.
Delivery
The course is delivered through the SA Accounting Academy online learning platform. It is divided into modules that are easily digestible. In this way you can maintain a work-life balance whilst studying and improving your professional skills.
Lecturer
Caryn Maitland CA(SA)
Caryn Maitland CA(SA) has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. She has lectured Auditing, Financial Management and Accounting at various institutions for learners up to the MBA and Postgraduate Diploma levels. She has also conducted independent workshops and seminars for professional accountants since 2006 on various topics. Between 2011 and 2013, Caryn had a two-year stint as visiting Associate Professor at the University of Limpopo. Caryn is currently technical advisor to various SAICA District Associations. She is also a platform presenter for SAICA, SA Accounting Academy, ICB and Chartered Secretaries of SA. Since 2018 she has worked extensively with commerce and industry, assisting analysts, directors and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.
Prerequisites / Admission Requirements
Anyone can attend this course. There are no minimum entry requirements.
Accreditation
This course is aligned to the International Federation of Accountants (IFAC) International Education Standard (IES) 7 and is recognised for CPD / CPE by relevant accounting professional bodies which will give you 10 CPD / CPE hours.
Assessments
This course includes formative assessments to test your knowledge throughout the modules. Learners must achieve all competencies of the course.
Assessment and Certification
On successful completion (i.e. competence in all modules) of this course the learners will be awarded:
- Confirmation of Completion Certificate from SA Accounting Academy
Curriculum
IFRS for SME Topics:
- Module 1 – IFRS for SMEs Section 29 Income Tax
- Module 2 - IFRS for SMEs Section 17 Property, Plant and Equipment (Accounting for Assets Part 1)
- Module 3 - IFRS for SMEs Section 16 Investment Properties, Section 13 Inventories, Section 18 Intangible Assets and Section 27 Impairment of Assets (Accounting for Assets Part 2)
- Module 4 - IFRS for SMEs Section 20 Leases
- Module 5 - IFRS for SMEs Section 23 Revenue
- Module 6 - IFRS for SMEs Section 21 Provisions and Contingencies
- Module 7 - IFRS for SMEs Section 19 Business Combinations and Goodwill
- Module 8 - IFRS for SMEs Section 11 Basic Financial Instruments (Part 1 of 2)
- Module 9 - IFRS for SMEs Section 12 Other Financial Instrument Issues & Section 22 Liabilities and Equity (Part 2 of 2)
- Module 10 - IFRS for SMEs Section 28 Employee Benefits & Section 26 Share-Based Payment
- Module 11 - IFRS for SMEs a Guided Tour Through the Illustrative Financial Statements
For more information on what will be covered in the curriculum please download the prospectus.
About SA Accounting Academy
The SA Accounting Academy is an accredited private SAICA - AT(SA) and ICB qualifications provider. We are committed to providing our students with the highest quality training and support, to ensure that your skills and knowledge are up to date and ready to face the challenges of the modern workplace. Qualifications and courses delivered are designed to ensure that you reach your professional goals and advance your career. With our experienced faculty, staff, and resources, you can be confident that you will receive the highest quality of training.
SAAA is a Level 2 B-BBEE contributor, with 125% procurement recognition. Training spend on certain solutions can be allocated against the Skills Development element of the B-BBEE Scorecard through accredited and nonaccredited training or claimed through SETA grants. In addition, 15% of your Skills Expenditure can be claimed on non-accredited training or courses. In addition, 15% of your Skills Expenditure can now be allocated to non-accredited training or courses.
Course Fees
The course fee is R 9 250.00 and consists of:
- Study material - Online course material
- Online Facilitator support
Payment Methods
Debit / Credit Card or Instant EFT
You can pay directly on our website for an easy, secure, and instant transaction. During promotional periods, customers can take advantage of additional savings. This is the fastest and most efficient option, saving both time and money.
EFT / Bank Deposit
You can make a payment directly into our bank account using your Online Banking App, Online Banking services, or by visiting your local bank branch.
Your Company / Employer
It may be beneficial for your company to invest in training for its staff members. As there are financial and tax advantages for doing so, please speak with your employer or Training / HR manager about the possibility of paying for this training.
Third Party
If you have someone who is willing to pay for your studies, such as a parent or relative, they can either log in and pay on our website or they can pay via any of the payment options above on your behalf.
Payment Options
Option 1: Once off payment
- R 9 250.00
Contact Us
Online chat through our website https://accountingacademy.co.za
WhatsApp: Start chatting (+27635026114)
Phone: 010 593 0466
E-mail: [email protected]