Overview
The Balance Sheet, now aptly referred to as the Statement of Financial Position, is a business report upon which many financial decisions are made. Investors, shareholders, lenders, internal management, government agencies and creditors are some of the users who all depend on what is reported on the face of the Balance Sheet. Users depend on what is reported to check the solvency and financial activity of the reporting entity, among other reasons.
The importance of correct and accurate compilation and disclosure of items that are presented on the Balance Sheet is very clear. International Financial Reporting Standards (IFRS) lay down specific requirements that must be adhered to by compilers of not only the Balance Sheet but annual financial statements which the Balance Sheet is an integral part of. Furthermore, reported items on the Balance Sheet are used to provide SARS and CIPC with information they require regularly from South African businesses.
It is in view of this that we are presenting a webinar focusing on the Balance Sheet. Join Russel Ngobeni BAP(SA) on 19 March 2020 from 09:00am to 11:00am as he explains everything that has to do with the Balance Sheet, from its structure, correct compilation, correct valuation of amounts as well as analysis of reported amounts to aid the giving of good advice to clients.
Learning objectives
By the end of this event the participant will:
-
Understand the purpose of a Balance Sheet;
-
Understand how to correctly compile a Balance Sheet;
-
Know the reporting standards to adhere to during compilation;
-
Understand how the Balance Sheet fits into the AFS; and
-
Understand how to calculate, use and interpret Balance Sheet ratios.
Content
The webinar will cover the following topics:
-
The Balance Sheet – Statement of Financial Position.
-
Structure of the Balance Sheet.
-
Preparing a Balance Sheet.
-
Relevant reporting standards.
-
Interdependency with other financial reports.
-
Financial ratios – calculation, use and interpretation.
-
Illustrative example.
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
Russel Ngobeni
Russel is a registered Business Accountant in Practice through the Southern Institute for Business Accountants (SAIBA), and a registered Tax practitioner through the South African Institute of Tax Practitioners (SAIT). He holds a Bachelor of Accounting Science degree from the University of South Africa and a National Diploma in Financial Information Systems from Tshwane University of Technology.
Russel is the founder of Shinyawani Group of Companies (Pty) Ltd. He has won various entrepreneurial awards in the province of the Free State.
Who should attend
The following persons will benefit from attending this webinar:
-
Bookkeepers;
-
Professional Accountants including: CA(SA),PA(SA) and BAP(SA);
-
Accounting officers; and
-
Accounting department staff.
Price
-
R 475.00 - Online admission - Individual.
-
R 950.00 - Online admission - Company.
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 <link to new profile creation> 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 <link to Technical Resource Centre> 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
-
You can ask questions during the webinar and you will also have access to me the presenter after the webinar