Overview   

The IFRS for SMEs is applicable to entities lacking public accountability, allowing them to issue general purpose financial statements. This category encompasses the majority of Small, Medium, and Micro-sized Enterprises (SMMEs), as well as Non-Profit Organizations (NPOs) and Public Benefit Organisations (PBOs).  

In line with its responsibility for regular review and modification of standards, the International Accounting Standards Board (IASB) has released the Exposure Draft for the Third edition of the IFRS for SMEs Accounting Standard. This webinar provides an in-depth exploration of the existing Standard and the Exposure Draft, emphasizing the anticipated advantages for users of financial statements from Small and Medium-sized Enterprises (SMEs).    

Join Caryn Maitland CA(SA) on 26 March 2024 from 10:00 a.m. to 12:00 p.m. as she guides you through a comprehensive exploration of the intricacies within the IFRS for SMEs Standard, demonstrating the process of crafting high-quality financial statements tailored for small and medium-sized entities.    

Learning objectives  

  Attending this webinar will equip you with the following skills: 

• Be refreshed on the key elements that all financial statements cover such as revenue and property, plant and equipment. 

• Evaluate the messaging conveyed to financial statement users through narrative notes, emphasizing effective communication of key information. 

• Gain awareness of significant areas identified for potential changes under the IFRS for SME Accounting Standard exposure draft, assessing the potential implications for their clients and companies.  

• Examine indicators of going concern and other non-financial disclosures, recognizing areas that may necessitate additional attention and consideration.  

• Scrutinise the financial statements being prepared, ensuring alignment with user objectives and meeting their needs effectively.  

Content  

  The webinar will cover the following topics:  

• IFRS for SME 2025 version (various sections) 

  • General overview. 

  • When to use this Standard. 

• IFRS for SME Accounting Standard Exposure Draft (various sections) 

  • Assets e.g PPE and investment property. 

  • Trade receivables. 

  • Trade payables. 

  • Asset impairment. 

 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 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

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. 

• Accounting officers. 

• Bookkeepers. 

• 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.