Drafting Financial Statements - Foundational Principles


Date: Feb 14, 2024 - Feb 14, 2024

CPD hours: 2 Hours

Time: 10:00 - 12:00

Event Type: Webinar

Presenter: Nestene Botha CA(SA)
CA(SA)

Accounting professionals can greatly enhance their expertise by acquiring a thorough comprehension of diverse financial reporting frameworks, with a specific emphasis on ISRS 4410 Compilation Engagements, the stipulations of the Companies Act, and ethical considerations outlined in the SAICA Code of Conduct.

Overview

Accounting professionals can greatly enhance their expertise by acquiring a thorough comprehension of diverse financial reporting frameworks, with a specific emphasis on ISRS 4410 Compilation Engagements, the stipulations of the Companies Act, and ethical considerations outlined in the SAICA Code of Conduct.

This understanding empowers them to adeptly implement these standards and principles in their professional activities, guaranteeing the precision, compliance, and ethical soundness of financial statement preparation. Such proficiency not only elevates the caliber and dependability of financial reporting but also fortifies the integrity and trustworthiness of the accounting profession in South Africa.

Join Nestene Botha CA(SA) on 14 February 2024 from 10:00 a.m. to 12:00 p.m. in this 2-hour webinar as she unveils the fundamental principles and skills necessary for accurately drafting financial statements, with a specific focus on adhering to the South African Financial Reporting Standards.


Learning objectives

Attending this webinar will equip you with the following skills:

  • Understanding of International Standard on Related Services (ISRS) 4410 - Compilation Engagements and its application in compilation engagements, focusing on principles and practices for compiling financial statements.
  • Compliance with the South African Companies Act requirements related to the compilation of financial statements. 
  • Acquire knowledge of ethical considerations in financial reporting guided by the South African Institute of Chartered Accountants (SAICA) Code of Conduct with an emphasis on professional integrity and responsibility.
  • Gain a comparative understanding of how IFRS, IFRS for SMEs, and GRAP standards differ.
  • Knowledge of how to select the appropriate accounting framework for different scenarios and specific financial reporting needs.

Content

The webinar will cover the following topics: 

  • ISRS 4410 Compilation Engagements:
    • Overview of ISRS 4410
    • Principles of Compilation Engagements
    • Responsibilities under ISRS 4410
    • Documentation and Reporting Standards
  • Companies Act Requirements for Financial Statements:
    • Overview of South African Companies Act
    • Legal Requirements for Financial Statements Compilation
    • Compliance and Disclosure Obligations
    • Penalties for Non-Compliance
  • Ethical Considerations in Financial Reporting:
    • Introduction to the SAICA Code of Conduct
    • Ethical Standards for Accountants
    • Conflict of Interest and Confidentiality
    • Professional Conduct and Independence
  • Choosing the Right Accounting Framework:
    • Criteria for Framework Selection
    • Comparative Analysis of IFRS, IFRS for SMEs, and GRAP
    • Applicability and Scope of Different Frameworks
    • Transitioning Between Frameworks

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, SAICA and SAIPA.

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


About the presenter

Nestene Botha CA(SA)

Nestene Botha completed her B.Com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Master's Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015.

Nestene has lectured on the audit programme at the University of Cape Town. She started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Table View area with 60 clients and two staff members.


Who should attend?

The following persons will benefit from attending this webinar:

  • Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
  • Registered auditors.
  • Audit managers.
  • Trainee accountants.

Price

  • R 450.00 - Online admission - Individual.
  • Group Price 1 - From R184 per person (up to 5 users)
  • Group Price 2 - From R121 per person (up to 10 users)
  • Group Price 3 - From R109 per person (over 11 users)

 

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:

  • A 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 the presenter after the webinar.

Corporate training solutions

At the Accounting Academy, we recognize 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 prioritize 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 [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.


Contact us

Have any questions or need any assistance? Contact us today!

 

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