IFRS for SMEs updates and their implications on financial reporting


Date: May 24, 2024 - May 24, 2024

CPD hours: 2 Hours

Time: 10:00 - 12:00

Event Type: Webinar

Presenter: Nestene Botha CA(SA)
CA(SA)

The International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) are periodically updated to ensure they remain relevant and reflective of changes in the business environment. These updates may include amendments to existing standards or the introduction of new guidance.

Overview  

On 29 September 2023, the IASB published 'International Tax Reform — Pillar Two Model Rules (Amendments to the 'IFRS for SMEs' Standard)' to align the standard's requirements with similar amendments to IAS 12 'Income Taxes' issued in May 2023. 

It is vital that every accounting practitioner working with SMEs understands not only the amendment above but others that have been issued recently and their implications on financial reporting. The aim of this webinar is to highlight and give practical guidance on all recent and proposed IFRS for SMEs updates.  

Join Nestene Botha CA(SA) on 24 May 2024 from 10:00 a.m. to 12:00 p.m. for this 2-hour webinar as she discusses the significance of the latest developments in the IFRS for SMEs Accounting Standard, and how you can continue to produce accurate financial statements that maintain transparency and trust among all stakeholders.   


Learning objectives  

Attending this webinar will equip you with the following skills: 

  • Full understanding of the purpose of the latest edition of the IFRS for SMEs standard, its overview, and when to use it.  

  • A comprehensive understanding of proposed amendments included in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard including insights into the practical implications of these changes on financial reporting. 

  • Possess knowledge of the practical application of the current IFRS for SMEs Standard that ensures accuracy in all your financial reporting tasks.  

  • Gain detailed insights into the "Pillar Two Model Rules" and other tax-related amendments proposed in the recent Exposure Draft, and how these could financially affect SMEs. 

  • Have an appreciation of how climate-related matters can impact financial statements under the IFRS for SMEs framework, enhancing your ability to manage financial disclosures related to environmental issues. 


Content 

The webinar will cover the following topics:  

  • IFRS for SME’s standard (2015 edition):  

    • History and purpose.  

    • Overview and when to use it. 

  • Progress on the 2019 comprehensive review of IFRS for SMEs.  

  • Exposure Draft International Tax Reform - "Pillar Two Model Rules". 

  • IFRS for SMEs Accounting Standard educational material.   


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  

Nestene Botha CA(SA)  

Nestene Botha completed her B.Com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Master's Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015.  

Nestene has lectured on the audit programme at the University of Cape Town. She started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Table View area with 60 clients and two staff members.  


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. 

  • Management accountants. 

  • Accounting officers. 

  • Independent reviewers. 

  • Registered auditors. 

  • Trainee accountants.  


Price 

  • R 450.00 - 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 summarized 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 


Corporate training solutions 

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.   

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.   

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.   


Contact us 

Have any questions or need any assistance? Contact us today!    

  • Online chat through our website.    

  • WhatsApp: Start chatting (+27635026114)    

  • Phone: 010 593 0466    

  • E-mail: [email protected]    

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Venues & Dates

The following venues and dates are available for this event.


Discounts available

The following discounts are available for this event

Discount Promo Code: Access to Webinar

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