Overview   

The 2020/2021 financial years have been very unusual and extremely challenging for many people including the accountant and his work!  

Drafting financial statements is not going to be “business as usual” this year. This pandemic has affected some areas of the financial statements and these need careful consideration. Some of these areas include, Companies Act matters, going concern, subsequent events and impairment of assets, just to mention a few. 

Join Caryn Maitland CA(SA) on 2 February 2021 from 09:00 a.m. to 13:00 p.m. for this webinar discusses how the COVID-19 pandemic has affected the accountant's work and what to look out for during the drafting of financial statements.  

Learning objectives  

By the end of this event the attendee should: 

• Be aware of the areas of the financial statements that will be affected by the pandemic, taking into account financial reporting issues and Companies Act considerations; 

• Be aware of important considerations and disclosure related to going concern and subsequent events; 

• Be able to assess the indicators of impairment relating to goodwill, tangible assets and financial assets; 

• Understand the accounting and impact of the pandemic on: 

  • Estimates; 

  • Provisions; 

  • Restructuring; 

  • Revenue; 

  • Leases; 

  • Forex; and 

  • Deferred Tax. 

• Be able to see how the pandemic has affected fair values and market values. 

Content 

The webinar will cover the following topics:  

• The Companies Act and financial statements. 

• Financial statements presentation and disclosure: 

  • Statement of financial position. 

  • Statement of comprehensive income and income statement. 

  • Statement of changes in equity. 

  • Statement of cash flows. 

  • Notes to the financial statements. 

• Financial statements for different external users. 

• Dealing with complex transactions: 

  • Going concern and subsequent events. 

  • Impairment. 

  • Estimates. 

  • Provisions. 

  • Restructuring. 

  • Revenue. 

  • Leases. 

  • Forex. 

  • Deferred Tax.. 

• Overall disclosure of financial statements. 

Obtaining your CPD certificate 

This webinar qualifies for 4 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

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.  

Caryn 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.  She is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers. 

• Trainee accountants.   

Price               

• R 575.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

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 the presenter after the webinar.