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.
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.
Includes transaction price and costs;
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.
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.
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.
The following persons will benefit from attending this webinar:
Trainee accountants/ auditors.
Personnel performing company secretarial duties.
R 475.00 - Online admission - Individual.
R 950.00 - Online admission - Company.
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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
The following venues and dates are available for this event.