Overview   

The International Financial Reporting Standards (IFRS) constantly evolve from year to year. The years 2021 and 2022 are no exception as they have seen developments that every accounting professional should be aware of and fully understand as preparers of financial statements.  

Some of the latest trends and developments in the IFRS space include:  

• Business Combinations under Common Control. 

• Revenue recognition principles in IFRS 15 - Revenue from Contracts with Customers. 

• Integrated reporting (IR) paving the way for future reporting. 

• A dissection of leases under IFRS 16 - Leases.   

• Accounting implications of ESG. 

We are presenting this 4-hour long comprehensive IFRS update webinar where Prof Hentie van Wyk  will guide you through technical simplification of IFRS amendments and related hot topics such as ESG. Join Prof Hentie on 26 October 2022 from 09:00 a.m. to 1:00 p.m.  

Learning objectives  

  By attending this webinar, you will develop the following competencies:  

• Maintain current knowledge of IFRS and correct practical application thereof. 

• Be updated on the current version of the conceptual framework for financial reporting.  

• Have a broad understanding of the integrated reporting framework and appreciate its importance in decision-making.  

• Demonstrate an understanding of the correct treatment of revenue, assets, and liabilities as per recent IFRS amendments. 

• Be better informed on the latest developments in, and know accounting implications of, ESG.  

Content 

  The webinar will cover the following topics:  

• Framework. 

  • The conceptual framework for financial reporting. 

• Presentation. 

  • Integrated Reporting (IR). 

  • Introduction to sustainability reporting, including ESG. 

• Revenue. 

  • IFRS 15 Revenue from contracts with customers. 

• Assets. 

  • Right-of-use-assets (IFRS 16 - Leases). 

  • Sale and leaseback. 

  • Impairments of financial assets including modifications and ELC calculations. 

• Liabilities. 

  • Lease liabilities (IFRS 16 - Leases), including remeasurements.  

• New Standard amendments and updates including the agenda of the IASB.  

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAIBA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter 

Prof Hentie van Wyk 

Prof van Wyk obtained his BCom degree in 1978 after which he served articles at KPMG. He qualified as a chartered accountant, CA(SA), in 1982. He then left KPMG in 1984 to join the University of the Free State as a senior lecturer. He was promoted to Associate Professor in 1988 and to Professor and Head of the Centre for Accounting in 1992. He obtained a PhD in Public Sector Management in 2003.  

Prof van Wyk is currently the Programme Director for Chartered Accountancy Education at the University of the Free State. He lectured IFRS at postgraduate level for more than 30 years and is still involved with the School of Accountancy on a part-time basis. He is a former President of the SA Accounting Association and the former Vice-president of the International Association of Accounting Education and Research. He has published several articles in various research journals and is co-author of two well-known IFRS textbooks in South Africa. Prof van Wyk served as a board member of the Free State Society of Chartered Accountants for 20 years and he was also member of the Academic Review Committee of the SAICA from 2005 to 2012. An active member of the community, Prof van Wyk is an officer in his church.  

Who should attend?   

   The following persons will benefit from attending this webinar:    

• Professional accountants including, CA(SA), BAP(SA), Professional Accountant (SA), FCCA, AGA(SA), BA(SA), and ACCA. 

• Registered external auditors. 

• Internal auditors. 

• Company secretaries. 

• Bookkeepers. 

• Accounting officers. 

• Financial analysts. 

• Trainee accountants. 

Price                 

• Individual Booking: R575.00  

• Company Booking: 

  • R950.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (Maximum of 15 attendees) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

  By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and/or course material where available 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar