Overview 

This webinar provides a comprehensive exploration of IAS 37, which governs the recognition and measurement of provisions, contingent liabilities, and contingent assets. Understanding IAS 37 is crucial for financial professionals to ensure compliance with International Financial Reporting Standards (IFRS). This session will delve into the key principles and application of IAS 37, helping attendees to enhance their financial reporting accuracy and decision-making processes. Through practical examples and expert insights, this webinar will clarify the complex aspects of provisions and contingencies, ensuring that participants gain a solid grasp of their implications in financial statements. 

Learning objectives 

Attending this webinar will equip you with the following skills:  

• Understanding the definition and scope of provisions, contingent liabilities, and contingent assets under IAS 37.

• Identifying the key recognition and measurement criteria for provisions and contingencies.

• Applying IAS 37 principles in practical financial reporting scenarios.

• Differentiating between provisions and contingent liabilities to ensure proper disclosure.

• Recognising best practices for disclosures and compliance to enhance financial transparency.

Content 

The webinar will cover the following topics:   

• Introduction to IAS 37: Scope and Objectives

  • Definition and purpose of IAS 37.

  • Key principles governing provisions, contingent liabilities, and contingent assets.

  • Relationship between IAS 37 and other IFRS standards.

  • Importance of IAS 37 in financial reporting and compliance.

• Provisions
  • Recognition criteria for provisions.
  • Measurement and remeasurement of provisions.
  • Examples and case studies illustrating provisions in practice.
• Contingent Liabilities and Contingent Assets
  • Differences between contingent liabilities and provisions.
  • Recognition and disclosure requirements for contingent liabilities.
  • Recognition and disclosure of contingent assets.
  • Practical application with real-world examples.
• Disclosure Requirements and Best Practices
  • Key disclosure requirements under IAS 37.
  • Challenges in applying IAS 37 and how to address them.
  • Best practices for ensuring compliance and enhancing financial transparency.

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 

Caryn Maitland CA(SA)  

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.  

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Registered auditors. 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Independent reviewers. 

• 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 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]