Overview      

Accurate financial reporting under IFRS for SMEs requires a sound understanding of how assets, inventories, revenue and government grants should be recognised, measured, presented and disclosed. These areas often involve significant judgement, estimation uncertainty and practical application challenges, making them key focus areas for accountants, financial managers, auditors and other finance professionals. 

This webinar provides a practical and comprehensive overview of the IFRS for SMEs requirements relating to property, plant and equipment, intangible assets, impairment of non-financial assets, inventories, revenue recognition and government grants. Participants will gain valuable insights into the correct application of accounting principles, common reporting errors, disclosure requirements and practical considerations affecting SME financial statements. 

Join Caryn Maitland CA(SA) on the 12th of June 2026 from 10:00 am to 12:00 pm as she provides practical guidance on applying IFRS for SMEs to key financial reporting areas, helping accountants correctly recognise, measure, depreciate, amortise, impair and disclose assets, account for inventories, recognise revenue appropriately and apply the correct accounting treatment to government grants. 

 Learning objectives    

Attending this webinar will equip you with the following skills:  

• Understand the recognition and measurement requirements for property, plant and equipment, intangible assets, inventories, revenue and government grants under IFRS for SMEs. 

• Apply depreciation, amortisation and impairment principles to non-financial assets using practical examples and scenarios. 

• Measure and account for inventories correctly, including cost determination, valuation and write-down considerations. 

• Apply revenue recognition principles to customer contracts, including timing of recognition, customer advances, discounts and bundled arrangements. 

• Account for government grants appropriately, including recognition, measurement, presentation and disclosure requirements. 

Content     

The webinar will cover the following topics:  

• Property, Plant and Equipment and Intangible Assets 
  o Recognition criteria and initial measurement at cost 
  o Components of cost and directly attributable expenditure 
  o Subsequent expenditure, component accounting and derecognition 
  o Intangible assets, useful lives, amortisation and internally generated expenditure 

• Depreciation, Amortisation and Impairment of Non-Financial Assets 
  o Depreciation methods, useful lives and residual values 
  o Amortisation requirements and review of estimates 
  o Impairment indicators, recoverable amount and impairment testing 
  o Recognition, allocation and reversal of impairment losses 

• Inventories under IFRS for SMEs 
  o Inventory recognition and measurement principles 
  o Cost of purchase, cost of conversion and inventory cost formulas 
  o Inventory write-downs and net realisable value assessments 
  o Recognition of inventory as an expense and cost of sales considerations 

• Revenue Recognition and Contracts with Customers 
  o Measurement and timing of revenue recognition 
  o Sale of goods and rendering of services 
  o Customer advances, deferred revenue and contract liabilities 
  o Discounts, rebates, warranties and contract modifications 
  o Multiple-element arrangements and performance obligations 

• Government Grants 
  o Recognition and measurement of government grants 
  o Grants with and without future performance conditions 
  o Income recognition and deferred income treatment 
  o Repayment obligations and disclosure requirements 

• Practical Application and Worked Examples 

o Capitalisation versus expense assessments 

o Depreciation and amortisation calculations 

o Impairment loss calculations and journal entries 

o Inventory valuation and revenue recognition errors 

o Accounting for government grants and disclosure deficiencies 

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