Overview   

Certain business transactions require careful consideration when applying the IFRS for SMEs Standard. Examples of these transactions include: transactions involving SMEs under liquidation or under business rescue, contingent liabilities, intangible assets, BEE transactions and deferred tax.  

Application of the Standard is not as easy as it looks and compilers could end up in trouble with CIPC and SARS if the presentation and disclosure of these transactions is found to be faulty. In January 2020, the IASB published the Request for Information: Comprehensive Review of the IFRS for SMEs Standard. Prior to this, the Standard had received a handful of critical amendments that became effective for years beginning on or after 1 January 2017. 

In this webinar, Caryn Maitland CA(SA) uses her expert knowledge and practical experience to take you back to basics while updating you on amendments to the Standard. Caryn will also provide solutions to complex transactions you are bound to encounter in your work. Join Caryn on 21 June 2022 from 9:00 a.m. to 1:00 p.m. for an all-encompassing discussion on IFRS for SMEs. 

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Understand the key differences between IFRS and IFRS for SMEs.  

• Understand critical amendments that have been made to the Standard. 

• Have practical working knowledge of the Standard.  

• Understand how to apply IFRS for SMEs to special circumstances. 

• Have the ability to identify opportunities to add value to clients through adopting the Standard.  

Content 

The webinar will cover the following topics:  

• Background and development of IFRS for SMEs. 

• Scope and objectives of the Standard. 

• Responsibilities of a compiler vs an assurance provider. 

• Pervasive principles and elements of financial statements. 

• Presentation of financial statements and first-time adoption transition. 

• Accounting for:  

  • PPE, investment properties and intangible assets. 

  • Inventories and biological assets. 

  • Impairment, leases, forex transactions and deferred tax. 

  • Government grants and borrowing costs. 

  • Financial instruments, business combinations and goodwill. 

  • JVs, associates and share-based payments. 

  • Provisions and contingencies. 

  • Revenue and events after reporting date.  

• Common problems, challenges and considerations.  

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, SAIBA, 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.  

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 is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional accountants including: CA(SA), Professional Accountant(SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Registered auditors. 

• Accounting officers. 

• Bookkeepers. 

• Trainee accountants. 

Price              

• Individual Booking: R575.00  

• Company Booking: 

  • R950.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (Maximum of 15 attendees) 

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.