Short Course in IFRS

About this Course

This comprehensive online short course on IFRS provides participants with a thorough understanding of essential IFRS standards for effective financial reporting. The first module begins with an introduction to the IFRS Framework and Pervasive Principles, which outlines the foundational concepts that ensure consistency, transparency and accountability in financial statements. Key topics include the qualitative characteristics of useful financial information, principles of accrual accounting and materiality. This foundational module sets the stage for the detailed examination of individual standards covered throughout the course.

The course progresses through several critical IFRS standards applicable to various aspects of financial reporting. Further topics provide comprehensive guidance on recognition, measurement, presentation and disclosure. Participants will gain valuable insights into applying these standards, transitioning from old frameworks and addressing complex areas such as impairment, consolidation and group accounts. Real-world examples and case studies enhance understanding and practical application.

The course concludes with advanced topics including Provisions, Contingent Liabilities, and Contingent Assets (IAS 37), Employee Benefits (IAS 19), Impairment of Assets (IAS 36), Consolidation and Group Accounts (IFRS 10, 11 & 12), Foreign Currency Transactions and Translation (IAS 21) and First-Time Adoption of IFRS (IFRS 1). By the end of the course, participants will have a solid grasp of the IFRS standards critical for accurate financial reporting, enhanced compliance and improved decision-making in a global financial environment.

Learning Objectives

After successful completion of this course, you should be able to demonstrate the following competencies:

• Gain a thorough understanding of the purpose, structure, and objectives of the IFRS Framework, including the pervasive principles that underpin global financial reporting.
• Identify and apply fundamental and enhancing qualitative characteristics such as relevance, faithful representation, comparability, verifiability, timeliness and understandability to ensure high-quality financial reporting.
• Implement the Presentation Requirements of IFRS 18: Develop the skills to structure financial statements in compliance with IFRS 18, including categorizing income and expenses, presenting subtotals, and meeting enhanced disclosure requirements.
• Understand and apply the five-step revenue recognition model, including identifying contracts, determining performance obligations, estimating transaction prices, and recognising revenue appropriately.
• Gain proficiency in recognising, measuring and disclosing financial instruments under IAS 32, IFRS 9 and IFRS 7, including understanding equity, liabilities, financial assets and impairment models.
• Demonstrate knowledge of IAS 16 and IAS 40, including the recognition, measurement, depreciation, revaluation and disclosure requirements for property, plant and equipment as well as investment property.
• Identify lease agreements, apply recognition principles for right-of-use assets and lease liabilities and understand disclosure requirements for lessees and lessors.
• Apply IAS 37 to recognise and measure provisions, distinguish between provisions and contingent liabilities and enhance financial transparency through appropriate disclosures.
• Understand and apply the principles governing short-term, post-employment, long-term and termination benefits, including recognition, measurement and disclosure requirements.
• Determine recoverable amounts, recognise impairment losses and understand the circumstances under which impairment losses can be reversed for various assets including goodwill.
• Understand the principles of control and consolidation under IFRS 10, IFRS 11 and IFRS 12, including full consolidation, equity method, proportionate consolidation and disclosure requirements.
• Navigate the process of transitioning to IFRS, including applying exemptions and exceptions, preparing opening balance sheets and reconciling previous financial statements to comply with IFRS.

Delivery

SA Accounting Academy delivers this online 3-month short learning program course. This course is divided into 12 modules. In this way, you can maintain a work-life balance while studying a just-in-time course to upskill yourself. The required effort is 4 to 8 hours per week.

Is this for you?

This course is suitable for anyone seeking a deeper understanding of IFRS, whether you are an accountant, auditor, financial professional, compiler, independent reviewer, business owner, trainee accountant or simply looking to stay up to date with international financial reporting standards and compliance requirements.

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 8 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:

• Certificate of Completion from SA Accounting Academy

Curriculum

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 QCTO, SAICA - AT(SA), ICB and BANKSETA 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, 25% of your Skills Expenditure can be claimed on non-accredited training or courses.

Course Fees

Invest in your future with our comprehensive course. Our fee is an all-inclusive investment in your future.

The course fee is R 6 490.00 and consists of:

Educational Resources

• Online Materials: Access a wealth of online resources, from e-books to tutorial videos, enhancing your learning experience.

Learning Support

• Facilitation: Benefit from expert-led facilitation sessions that offer personalised guidance, addressing individual queries and ensuring a thorough understanding of the subject matter.
• Formative Assessments: Reinforce your understanding with assessments on different topics.
• Learner Forum: Engage in meaningful peer-to-peer interactions through our dedicated learner forum. Share insights, ask questions, and collaborate on projects to enhance your learning experience.
• Continuous Support: Our dedicated team is always on standby to assist with any academic or administrative queries, ensuring a smooth learning process.

Flexibility and Convenience

• Study Online: Complete your course and take your assessments online, giving you the freedom to learn from anywhere.

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 Option

Option 1: Once off payment

• R 6 490.00

Payment Term

Payments

• Minimum payments must be made via direct EFT or credit card before a course starts.
• Full payment is required before the start date.
• For debit order plans, the first payment is due on the start date.
• Access to content will be denied if payment terms are not followed.

Cancellations

• Written notice is required for cancellations.
• Cancellation fees vary based on the timing of the cancellation relative to the course start date:
  • No fee if cancelled more than 10 working days prior.
  • 100% fee if cancelled less than 10 working days prior.
• Non-refundable items include course application fees and modules that were accessed.

General Terms

• The application fee, if any, is non-refundable.
• Continuous access to the content is dependent upon adherence to the payment terms and conditions.

Corporate Training 

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.

Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.

Contact Us

Online chat through our website https://accountingacademy.co.za

WhatsApp: Start chatting (+27635026114)

Phone: 010 593 0466

E-mail: support@accountingacademy.co.za