Overview
The IASB issued IFRS 18 on 9 April 2024. This new standard focuses on the presentation and disclosure requirements for financial statements, emphasising updates to the statement of profit or loss.
IFRS 18 introduces several key concepts, including:
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Changes to the structure of the statement of profit or loss.
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Mandatory disclosures in the financial statements for certain profit or loss performance measures reported outside an entity's financial statements (i.e., management-defined performance measures.
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Enhanced principles on aggregation and disaggregation apply to the primary financial statements and notes.
Join Prof Hentie van Wyk on 24th June 2024 from 10:00 a.m. to 12:00 p.m. for a two-hour webinar focusing on the key highlights of the new IFRS 18. This session will explore all the details that you need to be aware of as a compiler or user of financial statements.
Learning objectives
Attending this webinar will equip you with the following skills:
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Understand the new layout and components of the statement of performance as prescribed by IFRS 18 and how the new structure aims to improve transparency and understandability for stakeholders.
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Comprehend the principles of aggregation and disaggregation under IFRS 18 with an emphasis on why these principles are critical for accurate and fair reporting.
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Clearly delineate the categories of operating, investing, and financing activities as classified under the new IFRS 18, including the criteria for categorising cash flows and other transactions into these three categories.
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Know the importance of management-defined performance measures that companies might use to represent their financial health.
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Analyse how the introduction of IFRS 18 impacts other existing financial reporting standards.
Content
The webinar will cover the following topics:
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Why IFRS 18?
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New categories of the statement of performance.
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New sub-subheadings in the statement of performance.
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Entities with specified main business activities.
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New aggregation and disaggregation principles.
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Management-defined measures.
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Consequential changes to IAS 7, IAS 8, IAS 33 and others.
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Date of implementation.
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
Prof Hentie van Wyk
Prof van Wyk obtained his BCom degree in 1978 after which he served articles at KPMG. He qualified as a CA(SA) in 1982. He then left KPMG in 1984 to join the University of the Free State as a senior lecturer. He was promoted to Associate Professor in 1988 and to Professor and Head of the Centre for Accounting in 1992. He obtained a PhD in Public Sector Management in 2003.
Prof van Wyk is currently the Programme Director for Chartered Accountancy Education at the University of the Free State. He lectured IFRS at postgraduate level for more than 30 years and is still involved with the School of Accountancy on a part-time basis. He is a former President of the SA Accounting Association and the former Vice-president of the International Association of Accounting Education and Research. He has published several articles in various research journals and is co-author of two well-known IFRS textbooks in South Africa. Prof van Wyk served as a board member of the Free State Society of Chartered Accountants for 20 years and he was also member of the Academic Review Committee of the SAICA from 2005 to 2012. An active member of the community, Prof van Wyk is an officer in his church.
Who should attend?
The following persons will benefit from attending this webinar:
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Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
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Management accountants.
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Accounting officers.
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Independent reviewers.
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Registered auditors.
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Compilers.
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Trainee accountants.
Price
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R 450.00 - Online admission - Individual.
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Group Price 1 - From R184 per person (up to 5 users)
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Group Price 2 - From R121 per person (up to 10 users)
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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:
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A summarized slide presentation.
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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!
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Online chat through our website.
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WhatsApp: Start chatting (+27635026114)
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Phone: 010 593 0466
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E-mail: [email protected]