Overview   

The introduction of the XBRL filing format by the CIPC on 1 July 2018 simplified the filing process for annual returns. However, some common questions are still being asked by stakeholders. 

What type of entity is required to file annual financial statements (AFS) with their annual returns?  Who is supposed to submit the financial accountability supplement (FAS)? Are dormant companies automatically exempt from filing? 

Nestene Clausen CA(SA) will be presenting a webinar that will take you through how to file AFS and annual returns using XBRL. During this webinar, Nestene will go through the filing process and also address common questions on XBRL.  

This two-hour webinar will be presented on 29 April 2020 from 09:00 a.m to 11:00 a.m. Attend it and get hands-on experience on XBRL filing. 

Learning objectives  

By the end of this event the participant should: 

• Understand what XBRL is. 

• Understand which companies must file using XBRL. 

• Understand how to file AFS in the XBRL format. 

• Understand the role of accountants vs auditors in filing XBRL. 

• Know the filing deadlines and penalties for non-submissions. 

• Get answers to FAQs on XBRL. 

Content 

The webinar will cover the following topics:  

• XBRL defined. 

• What is the differences between: 

  • XBRL AFS; and 

  • XBRL FAS?  

• Tagging financial statements using XBRL: 

  • At entity level. 

  • At engagement level. 

• Tagging income and expenses prior to filing:  

  • Using available accounting software. 

  • Using MS Excel. 

• Creating sub-classifications of assets, liabilities and equities: 

  • Using available accounting software. 

  • Using MS Excel. 

• XBRL challenges vs opportunities 

• Deadlines and penalties for incorrect or late submissions. 

• How does auditor independence affect filing obligation? 

• Do XBRL financial statements need to be audited? 

• Other FAQs on XBRL. 

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 

Nestene Clausen CA(SA) 

Nestene completed her B.com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Masters Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015.  

Nestene has lectured on the audit programme at the University of Cape Town. She successfully helped to establish a branch for Real Time Accounting in Tableview where her role was to evaluate, improve & implement a brand building & marketing strategy for the RTA brand. After this stint at RTA, Nestene started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Tableview area with 60 clients and two staff members.  

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Accounting officers;  

• Tax practitioners; and 

• Bookkeepers. 

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 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 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar