Overview    

The IASB has issued the 3rd Edition of the IFRS for SMEs Standard. Major highlights include certain updates and structural changes, particularly the alignment with full IFRS principles in key areas such as revenue recognition, fair value measurement, financial instruments and group accounting.  

This webinar provides a focused, practical discussion that unpacks these changes and prepares you to apply them with confidence.  

Join Caryn Maitland CA(SA) on 17 April 2025, from 10h00 to 12h:00 as she guides you through the latest requirements, helping you ensure compliant and effective financial reporting under the new standard. 

Learning objectives   

Attending this webinar will equip you with the following skills:  

• Understand the scope and significance of changes in the 3rd Edition of the IFRS for SMEs.  

• Identify which sections have been revised, newly added or clarified and how these impact SME reporting. 

• Be equipped to apply the updated principles to revenue, fair value, group accounting and more. 

• Recognise the transition requirements and compliance timelines for adopting the new version. 

• Evaluate how the updates will affect financial reporting policies, systems and stakeholder communications.   

Content   

The webinar will cover the following topics:  

• Overview of the IFRS for SMEs Standard: Purpose, users, and scope 

• Key updates in the 3rd Edition (2025): 

  • Section 2: Concepts and Pervasive Principles 

  • Section 9: Consolidated Financial Statements 

  • Section 11: Financial Instruments (updated recognition and measurement) 

  • Section 12: Fair Value Measurement (new – based on IFRS 13 hierarchy) 

  • Section 23: Revenue from Contracts with Customers (updated – aligned with IFRS 15 principles) 

• Practical implications of updates to: 

  • Investment Property (Section 16) 

  • Property, Plant and Equipment (Section 17) 

  • Leases (Section 20) – unchanged, but still relevant 

  • Income Taxes (Section 29) 

  • Transition provisions (Section 35) and first-time adoption 

• Timelines for implementation and jurisdictional adoption considerations.   

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.  

• Registered auditors.  

• Audit managers.  

• Trainee accountants. 

Price  

• R 450.00 - Online admission - Individual.  

• Group Price 1 - From R337 per person (up to 5 users)   

• Group Price 2 - From R260 per person (up to 10 users)   

• Group Price 3 - From R224 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.  

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.  

Contact us    

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: ticket@accountingacademy.co.za