IFRS for SMEs Section 12 – Other Financial Instrument Issues and IFRS for SMEs Section 22 – Liabilities and Equity


Date: Jul 21, 2020 - Jul 21, 2020

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Anton van Wyk CA(SA)
CA(SA)

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 o...

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. 

Join IFRS expert Anton van Wyk M.Com, CA(SA) on 21 July 2020 from 09:00 a.m. to 11:00 a.m. as he unpacks what these concepts entail. 


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 

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. 


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 

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Venues & Dates

The following venues and dates are available for this event.

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