The Impact of COVID-19 on Financial Reporting

Date: Nov 30, 2020 - Nov 30, 2020

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Anton van Wyk CA(SA)

Accountants know that the COVID-19 global pandemic is likely to have dire consequences for many entities, the latter of which could, of course, be their clients or employers.


Accountants know that the COVID-19 global pandemic is likely to have dire consequences for many entities, the latter of which could, of course, be their clients or employers.

Which financial reporting standards should be considered? Are these entities still a going concern? How does COVID-19 impact their financial reporting? What should be disclosed in the notes to their financial statements?

Join Anton van Wyk CA (SA) for this webinar on 30 November 2020 from 09:00 a.m. to 11:00 a.m. Anton will highlight a range of accounting considerations that should be borne in mind by all accountants, regardless of their professional body and/or designation, when preparing interim and/or annual financial statements that fully comply with International Financial Reporting Standards (IFRS or IFRS for SMEs).

Learning objectives

By the end of this event the attendee should:

  • Understand the impact of the COVID-19 global pandemic on financial reporting;
  • Know what to look out for when preparing financial statements;
  • Know how to account for "loss events" and other consequences;
  • Feel more comfortable dealing with those aspects that could have an impact on financial reporting.


The webinar will cover the following topics:

  • Introduction.
  • Impact of the COVID-19 pandemic in relation to:
    • IAS 10 Events After the Reporting Period.
    • IAS 1 Presentation of Financial Statements.
    • IAS 12 Income Taxes.
    • IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
  • Other effects of the COVID-19 pandemic.

Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.

All attendees are issued with a CPD certificate available in an online profile.

About the presenter

Anton van Wyk M.Com, CA(SA)

Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS).

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees.

Who should attend?

The following persons will benefit from attending this webinar:

  • Accountants and accounting officers.
  • Registered auditors.
  • Company secretaries.
  • Trainee accountants/auditors.


  • R 475.00 - Online admission - Individual.
  • R 950.00 - Online admission - Company.


Steps to register for the event:

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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:

  • Summarised slide presentation.
  • Reference documents and/or course material where available.
  • A platform to ask questions during the webinar and access to the presenter after the webinar.


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Venues & Dates

The following venues and dates are available for this event.

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