Overview   

IFRS for SMEs applies to entities that do not have public accountability and therefore can publish 'general purpose' financial statements. Most SMMEs fall in this category as do NPOs and PBOs.  

Following its mandate to periodically review and amend this Standard, the International Accounting Standards Board (IASB) issued the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard. This webinar presents a detailed discussion on the current Standard as well as the Exposure Draft, highlighting expected benefits to users of SMEs’ financial statements.  

Join Caryn Maitland CA(SA) on 28 June 2023 from 9:00 a.m. to 1:00 p.m. as she takes you through a tour of the complexities of the IFRS for SMEs Standard, and show you how to draft quality financial statements for small and medium entities. 

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Knowledge of the current IFRS for SMEs Standard and its practical application.  

• Be up-to-date with the proposed improvements contained in the Third Edition Exposure Draft.  

• Have an understanding of accounting for assets, such as PPE and investment properties. 

• Possess knowledge of how the Standard is applied when dealing with financial instruments, trade receivables, trade payables, and the impairment of financial assets. 

• Improve your skill on disclosure in IFRS for SMEs financial statements. 

Content  

The webinar will cover the following topics:  

• The IFRS for SMEs Standard (2015 edition). 

  • General overview. 

  • When to use this Standard. 

• How the Standard is applied in accounting for: 

  • Assets e.g PPE and investment property. 

  • Trade receivables. 

  • Trade payables. 

  • Asset impairment. 

• Correct disclosure. 

• The Exposure Draft - Third Edition. 

  • Contents. 

  • Current status. 

• Related correspondence. 

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. 

• Accounting officers. 

• Bookkeepers. 

• Trainee accountants. 

Price              

• R 575.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 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.