Webinars On-Demand

Overview     Business rescue is a dynamic and challenging process that demands a collaborative effort from various professionals. Accountants' financial acumen is integral to assessing, planning, and executing strategies that can rescue a distressed business.   Accountants are not just record keepers but strategic partners in steering companies towards financial recovery.   Join Caryn Maitland CA(SA)  as they discuss the concept of business rescue, its importance, and the crucial role you play in navigating and supporting companies facing financial distress.  Learning objectives and competencies developed    By attending this discussion forum, you will:  Acquire a comprehensive understanding of your roles and responsibilities in the context of business rescue.  Become more familiar with the business rescue process with practical insight.  Be equipped with tools to effectively guide your clients experiencing financial distress and collaborate with a business rescue practitioner.  Develop an awareness of the risks inherent in the business rescue process.  Be appraised of recent developments in case law relevant to business rescue.  Content to be discussed  The following topics are under discussion for this month:    Definition of business rescue.  Signs of financial distress.  The role of a business rescue practitioner.  Legal procedures and requirements.  Financial restructuring.   Important legal and administrative requirements.  The role of accountants in business rescue. 

Learning objectives By the end of this event the participant should: Understand what business rescue is; Understand what liquidation is; Understand business rescue proceedings; Be aware of the rights of affected persons; and Know how a company is voluntarily or involuntarily wound up. Content The webinar will cover the following topics: The complexities of financial distress vs going concern. Revisiting reckless trading. Business Rescue: The proceedings of business rescue. The business rescue practitioner. Rights of affected persons. The business rescue plan. Compromise with creditors. Voluntary vs involuntary winding up of a company. Deregistration of a company.

Overview      With the current unpredictable business environment caused by rolling blackouts and economic uncertainty, some entities are reassessing their ability to continue as a going concern.   The impact on going con cern is pervasive throughout the financial statements from how we view the directors decision to the manner in which we prepare the values in the financials.  Going concern is a critical assessment of the health and sustainability of the company. If we get this wrong then users of financial information pay the price.   Learning objectives        By attending this webinar you will develop the following competencies:    Know when and how to apply the fundamental concept of going concern.  Differentiate between reporting on the going concern versus liquidation basis.  Understand the impact the disclosure of going concern has on the directors' report and financial statements.  Understand the impact of going concern on the assurance reports.  Recognise important factors to consider when assessing going concern.   Content       The webinar will cover the following topics from a foundational to an advanced level:    Going concern defined.  The Conceptual Framework for financial reporting.  The Companies Act - Solvency and liquidity.   Disclosure of going concern.  International Standards on Auditing relating to auditor reporting. 

Overview       Going concern certainly is a hot topic this year with everyone feeling the impact of COVID-19!  This impact must be communicated to users. Companies preparing financial statements using IFRS® Standards are required to assess their ability to continue as a going concern. In the current stressed economic environment arising from the COVID-19 pandemic, deciding whether the financial statements should be prepared on a going concern basis may involve a greater degree of judgement than usual.  IFRS Foundation have published educational material to support companies in applying going concern requirements. This webinar will provide an overview of this supporting material which brings together the requirements in IFRS® Standards relevant for going concern assessments.   Learning objectives        By the end of this event the attendee will:    Be aware of the discussions by various bodies around going concern.  Have a better understanding of management’s responsibilities regarding going concern and disclosure.  Know how to assess going concern and how to apply the requirements in IAS 1 Presentation of financial statements.  Understand the impact of events after the reporting period on going concern.  Know what an entity is required to do if it is not a going concern.  Content       The webinar will cover the following topics:    Overview & background.  Going concern - management's responsibilities.  Assessing going concern.  Events after the reporting period - impact on going concern.  Disclosure is key!  Applying the requirements in IAS 1 Presentation of financial statements.  What to do if entity is NOT a going concern?  

Overview   The recent focus on sustainability and climate change has led to the development of the IFRS S1 and IFRS S2 standards, which provide a framework for comprehensive reporting on these critical issues. IFRS S1 focuses on general sustainability-related financial disclosures, requiring companies to report on their sustainability risks and opportunities in a transparent and comparable manner. This standard aims to enhance the quality and consistency of sustainability reporting, enabling stakeholders to make better-informed decisions based on reliable data.  IFRS S2, on the other hand, is specifically dedicated to climate-related financial disclosures. It mandates the identification and reporting of climate change risks and opportunities, urging companies to incorporate climate considerations into their strategic planning and risk management processes. The standard also outlines the methodologies for calculating carbon dioxide equivalent emissions and emphasises the importance of presenting the greenhouse gas inventory across three scopes. This ensures a comprehensive and detailed approach to climate-related reporting, reflecting the true impact of a company's operations on the environment.  Join Prof Hentie van Wyk for a two-hour webinar as he takes you through IFRS S1 and IFRS S2 which represent a significant step forward in the realm of sustainability and climate change reporting.    Learning objectives   Attending this webinar will equip you with the following skills:  Understanding sustainability risks and opportunities  Comprehending sustainable development goals  Evaluating climate change risks and opportunities  Disclosing sustainability and climate change risks and opportunities  Calculating carbon dioxide equivalent emissions  Presenting the greenhouse gas inventory across three scopes  Content  The webinar will cover the following topics:   New structure of the IFRS Foundation  Why IFRS S1?  Sustainability development goals  Risks from interactions with stakeholders  Value chain  General sustainability disclosure requirements  Why IFRS S2?  Greenhouse gases  Effect of overstocking the atmosphere with greenhouse gases  General disclosure of carbon dioxide equivalents in 3 scopes  Case study