A Practical approach to Drafting Financial Statements (Full IFRS)
CPD Hours: 2
Price: R450.00
A Practical approach to Drafting Financial Statements (Full IFRS)
Presenters : Nestene Botha CA(SA)
Overview
Accounting professionals tasked with reporting on behalf of entities that adhere to the comprehensive International Financial Reporting Standards (IFRS) must be exceptionally well-versed in these regulations. Their expertise needs to surpass that which is required for the simplified IFRS for Small and Medium-sized Enterprises (SMEs), due to the complexity and breadth of full IFRS.
On 25 May 2023, the International Accounting Standards Board (IASB) announced modifications to IAS 7 and IFRS 7 concerning Supplier Finance Arrangements, introducing new disclosure requirements. These requirements mandate that entities disclose both qualitative and quantitative details about their supplier finance arrangements. The amendments are set to take effect from 1 January 2024.
This webinar aims to shed light on these recent amendments to IFRS and provide a refresher on its scope and practical application. We invite you to join Nestene Botha CA(SA) for a comprehensive 2-hour session essential for every accounting professional engaged with full IFRS.
Learning Objectives
Attending this webinar will equip you with the following skills:
- A broad understanding of the purpose and scope of full IFRS as well as key concepts underlying the preparation and presentation of financial statements.
- Knowledge of key IFRS standards with a highlight of their purposes, basic requirements and most recent updates.
- Enhanced understanding of the crucial presentation and disclosure requirements under IFRS, focusing on how these disclosures contribute to transparent, accurate, and complete financial statements.
- Refreshed knowledge of how to recognise and measure key elements of financial statements.
- Attain a deeper understanding of the impact of climate change on financial reporting as well as how to navigate the complexities of financial reporting during uncertain times.
Content
The webinar will cover the following topics:
- Background: Understanding the framework.
- Recent amendments to IFRS.
- Refresher: Key IFRS standards.
- Disclosure highlights.
- Financial reporting in uncertain times.
- Climate change and financial reporting.
- Tools and resources.
