Economies of the world are in turmoil with many of them, including South Africa, in recession! In this current situation, what is the accountant's obligation regarding assets and their impairment?
It is important that the accountant, in the performance of his/her duties, regularly tests assets (or groups of assets called ‘cash-generating units’) for impairment. Macro-economic indicators of possible impairment trigger the necessity to test assets for impairment, just like micro-economic indicators, such as significant damage to an asset, do.
The correct principles for applying the process of impairment testing are laid out in the IFRS for SMEs Section 27 Impairment of Assets.
Join IFRS expert Anton van Wyk M.Com, CA(SA) on 20 October 2020 from 09:00 a.m. to 11:00 a.m. as he explains this section together with its practical application.
By the end of this event the participant should:
Understand the requirements of IFRS for SMEs Section 27 Impairment of Assets;
Know how to practically perform impairment testing on assets; and
Know how to disclose impairment.
The webinar will cover the following topics:
Scope of IFRS for SMEs Section 27 Impairment of Assets.
Asset impairment indicators.
Impairment of inventories.
Impairment of other assets.
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.
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.
The following persons will benefit from attending this webinar:
Trainee accountants/ auditors.
Personnel performing company secretarial duties.
R 475.00 - Online admission - Individual.
R 950.00 - Online admission - Company.
Steps to register for the event:
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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
The following venues and dates are available for this event.