Overview   

Taking cognizance of the poor state of many international economies, assets regularly get disposed of before their intended date of disposal.  

The moment the intention to prematurely dispose of an asset occurs, IFRS 5 requires an ‘impairment test’ to be performed on such asset, or group of assets (called a disposal group). There are also important deferred tax consequences that should be considered as part of the decision to recover the carrying amount of an asset principally through sale. 

Master how to account for non-current assets held for sale by joining Anton van Wyk M.Com, CA(SA) for this webinar on 05 June 2020 from 9:00 am to 11:00 am.

This webinar is part of a series on IFRS. The series will cover selected IFRS topics that every accounting professional should fully understand in their day to day work. If you are interested in booking for the entire series, click here.  

Learning objectives  

By the end of this event the participant should: 

• Understand the background to IFRS 5; 

• Understand measurement methods; 

• Understand requirements for recognition; 

• Know how to present these assets on the AFS; and 

• Understand how to disclose the assets.  

Content 

The webinar will cover the following topics:  

• Background to IFRS 5.  

• Conditions for "held for sale" classification. 

• What is a disposal group? 

• Measurement principles. 

• Presentation in the AFS. 

• Disclosure in the AFS. 

Obtaining your CPD certificate 

This webinar qualifies for 2 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 

Anton van Wyk M.Com, CA(SA) 

Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS). 

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees. 

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;  

• Tax practitioners; and 

• Bookkeepers. 

Price        

• R 475.00 - 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 me the presenter after the webinar