Sponsor

Overview

Accountants must follow rules when preparing financial statements. These rules consist of IFRS for SME, the Companies Act, and the Tax Administration Act. Learn the intricacies of IFRS for SME presentation and disclosure requirements by referencing an illustrative set of financial statement and applying a disclosure checklist.

Course Content

• Update on financial statement sections of the Companies Act and Tax Administration Act
• How the needs of users change the way financial statements are presented
• The PI Score and selecting the correct framework
• Using IFRS for SME for non profits and CCs
• Overview of recent updates to IFRS for SME Selected sections of IFRS for SME: Nature and scope of IFRS for SMEs (section 1)
• Concepts and pervasive principles (section 2)
• Financial statement presentation (section 3)
• Statement of financial position (section 4)
• Statement of comprehensive income and income statement (section 5)
• Statement of changes in equity or income and retained earnings (section 6)
• Statement of cash flows (section 7)
• Notes to the financial statements (section 8)
• Accounting policies, estimates and errors (section 10)
• Related party transactions (section 35)
• Implementation guidance (disclosure checklist)

Presenter

Caryn Maitland, CA(SA), RA(SA), Small Practitioners and IFRS for SME expert. Caryn specialises in providing support and guidance to accounting practices that need implementation guidance on IFRS for SME

CPD Rewards

• Attendance of the half-day seminar will accrue 4 + 1 hours’ CPD. Complete the free online assessment at the end of the event and receive an additional CPD point.
• The 100th delegate will receive a free 2-hour personal training session with the lecturer.

Who should attend

• Accountants in practice
• Financial managers of corporate companies
• Senior accounting trainees