Overview    

The release of the Third Edition of the IFRS for SMEs Accounting Standard marks one of the most significant developments in financial reporting for small and medium-sized entities in recent years. Issued by the International Accounting Standards Board (IASB) on 27 February 2025, the revised Standard introduces important changes to key areas such as revenue recognition, business combinations, consolidation, financial instruments, fair value measurement, and the concepts underpinning accounting policies. With an effective date of 1 January 2027 (early adoption permitted), accounting professionals should begin preparing now to ensure a smooth transition. 

This webinar provides a structured overview of the principal amendments, explains the rationale behind the changes, and explores their practical implications for entities applying the IFRS for SMEs Accounting Standard. Rather than focusing on every technical amendment, the session highlights the areas most likely to affect financial reporting and provides practical guidance on planning for implementation. 

Join Caryn Maitland CA(SA) on the 25th of August 2026 from 10:00 am to 12:00 pm as she unpacks the Third Edition of the IFRS for SMEs Accounting Standard, explains what has changed and why, and provides practical insights to help accounting professionals, advisers and preparers assess the impact of the new requirements and prepare confidently for implementation.

Learning objectives   

Attending this webinar will equip you with the following skills:  

• Recognise the ethical risks created by absent or permissive leadership 

• Understand the purpose, scope and effective date of the Third Edition of the IFRS for SMEs Accounting Standard.  

• Identify the major amendments and the sections of the Standard most significantly affected.  

• Understand the practical impact of the changes on recognition, measurement, presentation, disclosure and professional judgement.  

• Recognise the implementation implications for accounting policies, systems, financial reporting processes and client advisory services.  

• Develop an initial transition and implementation plan in preparation for the mandatory effective date of 1 January 2027.    

Content   

The webinar will cover the following topics:  

• Setting the Scene – Understanding the Third Edition  

• Overview of the IFRS for SMEs Accounting Standard  

• Development and objectives of the Third Edition  

• Effective date, early adoption and scope  

• Why the IASB introduced the changes  

• Key Technical Changes  

• Section 2: Concepts and Pervasive Principles  

• Section 9: Consolidated and Separate Financial Statements  

• Section 15: Joint Arrangements  

• Financial Instruments  

• Section 12: Fair Value Measurement  

• Section 23: Revenue from Contracts with Customers  

• Section 19: Business Combinations and Goodwill  

• Other Significant Amendments  

• Financial Statement Presentation  

• Statement of Cash Flows  

• Property, Plant and Equipment  

• Provisions and Contingencies  

• Share-based Payment  

• Employee Benefits  

• Income Tax  

• Foreign Currency Translation  

• Related-Party Disclosures  

• Preparing for Implementation  

• Transition requirements and available relief  

• Practical implementation roadmap  

• Gap analysis and impact assessment  

• Updating accounting policies, systems and disclosures  

• Preparing organisations and clients for the 2027 effective date 

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.  

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.  

• Registered auditors.  

• Audit managers.  

• Trainee accountants.  

Price 

• R 450.00 - Online admission - Individual.  

• Group Price 1 - From R337 per person (up to 5 users)   

• Group Price 2 - From R260 per person (up to 10 users)   

• Group Price 3 - From R224 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 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.  

Corporate training solutions  

At the Accounting Academy, we recognize 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 prioritize 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 corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational 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: ticket@accountingacademy.co.za