IFRS for SME Section 11 Basic Financial Instruments

Date: Jun 17, 2020 - Jun 17, 2020

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Anton van Wyk CA(SA)

Looking at this topic, some could be tempted to quickly dismiss it because they do not prepare consolidated annual financial statements themselves!


IFRS for SMEs Section 11 - Basic Financial Instruments deals with the accounting treatment relating to basic financial assets and financial liabilities of SMEs in their annual financial statements. The scope of this webinar will include AFS items such cash, deposits, payables, receivables, investments and debt instruments. We will not go into the more complex financial instruments here as these will be dealt with in a subsequent webinar.  

Join IFRS expert Anton van Wyk M.Com, CA(SA) as he investigates and simplifies the topic “financial instruments” and how these are relevant to the financial statements of SMEs. 

The webinar will be held on 17 June 2020 from 09:00 a.m to 11:00 a.m. This is part of a webinar series we are running on IFRS for SMEs. Click here to view the series. You can also view our other series on the main IFRS here

Learning objectives  

By the end of this event the participant should: 

  • Understand the objectives of IFRS for SMEs Section 11 - Basic Financial Instruments; 

  • Understand the scope of IFRS for SMEs Section 11 - Basic Financial Instruments; 

  • Understand initial measurement of financial assets and liabilities;  

  • Understand measurement subsequent to initial recognition; and  

  • Know how to disclose financial instruments on the AFS.   



The webinar will cover the following topics:  

  • Scope of Section 11. 

  • Initial measurement. 

    • Includes transaction price and costs; 

    • Financing transactions. 

  • Measurement subsequent to initial recognition. 

    • Using the effective interest rate. 

    • Using the undiscounted amount to be paid. 

    • Measurement of shares. 

  • Testing for impairment. 

  • When to derecognise financial assets and liabilities. 

  • Disclosures. 

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: 

  • Accountants. 

  • Company secretaries. 

  • Registered auditors. 

  • Trainee accountants/ auditors.  

  • Personnel performing company secretarial duties. 


  • 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 Technical Resource Centre 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 

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Venues & Dates

The following venues and dates are available for this event.

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