2022 Annual Accounting Update
Presenters : Caryn Maitland CA(SA)
Overview
As we are now firmly in the last quarter of 2022, many changes have been made to the laws and regulations that affect accounting and accountants' work. Standard-setters have been busy with amendments to both IFRS and IFRS for SMEs and ESG is gaining momentum as the ISSB gets down to business. On the audit and review side, there are three quality standards that are effective on 15 December 2022.
Keeping track of everything that is going on can be an overwhelming task. That is why we are bringing you this 4-hour webinar during which you will get a comprehensive update of all notable accounting issues that have taken place this year.
Learning objectives
By attending this webinar you will gain the following competencies:
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Keep up to date with recent changes to IFRS, IFRS for SMEs and ISQM standards.
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Know the correct application of standards effective in 2022 and the near future.
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Understand the purpose of the Sustainability Disclosure Standards and ESG reporting.
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Understand accounting for South Africa specific challenges.
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Be aware of important regulatory notices issued during the year and their compliance requirements.
Content
The webinar will cover the following topics:
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Overview of recent developments.
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The IASB Work Plan
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Amendments to standards:
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IFRS.
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IFRS for SMEs ED.
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ISQM.
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Sustainability Standards:
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IFRS S1.
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IFRS S2.
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Accounting treatment highlights:
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Accounting for companies with going concern challenges.
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Accounting for discontinued operations.
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Accounting for deferred tax resulting from tax rate changes and assessed loss limitations.
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Entity-specific accounting:
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Body corporate financials.
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Trust financials.
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Other bits and bobs.
