Overview  

The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is undergoing its second comprehensive review, introducing important amendments that affect recognition, measurement, presentation and disclosure requirements for SME financial statements. 

This webinar provides a structured overview of the purpose and process of the second comprehensive review and unpacks the key amendments introduced by the revised IFRS for SMEs. Particular focus will be placed on changes to revenue recognition under Section 23, group reporting under Section 9 and financial instruments under Section 11. 

Participants will gain a clear understanding of how the revised standard aligns more closely with full IFRS principles while remaining proportionate and practical for SMEs. The session will also provide practical implementation guidance to assist practitioners in preparing compliant and up-to-date SME financial statements. 

Join Nestene Botha CA(SA) on 25 August 2026 from 10:00 am to 12:00 pm as she explains the major amendments to the IFRS for SMEs, highlights the practical implications for financial reporting and equips practitioners with the knowledge required to implement the revised standard confidently and effectively. 

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Understand the purpose and process of the second comprehensive review of the IFRS for SMEs Standard 
• Gain a high-level understanding of the main changes introduced by the revised IFRS for SMEs 
• Understand the key amendments relating to revenue recognition under Section 23 Revenue from Contracts with Customers 
• Understand the key amendments relating to group reporting under Section 9 Consolidated and Separate Financial Statements and financial instruments under Section 11 Financial Instruments 
• Gain practical guidance on implementing the revised IFRS for SMEs, including practical tips and access to additional resources  

Content 

The webinar will cover the following topics:  

• Second Comprehensive Review of the IFRS for SMEs Standard: Purpose and Process 

o Objectives of the comprehensive review 
o Alignment with full IFRS Standards 
o Due process and stakeholder consultation 
o Effective date and transition considerations 

• Overview of Main Amendments to the IFRS for SMEs 

o Recognition and measurement updates 
o Presentation and disclosure enhancements 
o Simplification principles retained for SMEs 
o Areas aligned with recent IFRS developments 

• Revenue Recognition Amendments – Section 23 Revenue from Contracts with Customers 

o Five-step revenue recognition model 
o Identification of performance obligations 
o Transaction price allocation 
o Recognition of revenue over time versus at a point in time 
o Disclosure requirements 

• Group Reporting Amendments – Section 9 Consolidated and Separate Financial Statements 

o Definition of control 
o Consolidation requirements 
o Exemptions from consolidation 
o Accounting for investments in subsidiaries in separate financial statements 

• Financial Instruments Amendments – Section 11 Financial Instruments 

o Classification and measurement 
o Amortised cost model 
o Impairment considerations 
o Disclosure requirements 

• Other Amendments to the IFRS for SMEs Standard 

o Lease accounting considerations 
o Fair value measurement updates 
o Presentation of financial statements 
o Disclosure simplifications 

• Implementation Guidance, Practical Considerations and Additional Resources 

o Transition approaches 
o Updating accounting policies 
o Staff training and system implications 
o Practical implementation challenges 

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