Overview   

In our previous webinar on IFRS for SMEs Section 11 Basic Financial Instruments we dealt with the accounting treatment relating to basic financial assets and financial liabilities of SMEs in their annual financial statements.  

We now want to delve into the more conceptual area of the distinction between liabilities and equity (i.e. correct classification of what credit-balance instrument would be a financial liability and when such an instrument would be classified as equity instead). This webinar also looks at more complex financial instruments and how these should be accounted  for in the annual financial statements of an SME. 

Learning objectives  

By the end of this event the participant should: 

• Understand the scope of Sections 12 & 22 of the IFRS for SMEs standard; 

• Understand how to measure financial instruments under Section 12; 

• Have guidance on classifying an instrument as liability or equity; and 

• Know how to disclose the financial instruments covered. 

Content 

The webinar will cover the following topics:  

• Scope of Sections 12 and 22. 

• Other financial instruments covered under Section 12. 

• Measurement of Section 12 financial instruments. 

• Disclosure of Section 12 financial instruments. 

• Classifying an instrument as liability vs equity. 

• Disclosure under Section 22.  

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 

Caryn Maitland CA(SA) 

Caryn Maitland graduated in 1998 from the University of Natal, Pietermaritzburg (now UKZN), with a BCom Honours degree in Accounting and completed her articles with KPMG in 2001 and qualified as 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 in Auditing, second and third year subjects, for Varsity College from 1999 to 2001. In 2002, she was appointed as senior lecturer at UKZN and coordinated the Financial Accounting 300 course until June 2006. In addition, she has lectured in Advanced Financial Accounting since June 2006 until December 2011.

Caryn has conducted independent workshops and seminars for professional accountants since 2006 on various topics, and has consulted on a number of technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer. 

Caryn also held the position Editor-in-Chief of an online continual professional development (CPD) website for accounting professional, eCPD Accountancy, having resigned from this post in September 2013.

Caryn 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.  She has also been involved with the SAICA SMP Technical tour (2014 to present).

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. 

Price               

• 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 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