Financial Statements 2020
Presenters : Jako Liebenberg CA(SA)
Learning objectives
By the end of this event the participant should:
- Know the latest requirements of the Companies Act and Tax Administration Act regarding financial statements;
- Understand how financial statements differ according to the type of user;
- Understand how to align financial statements to legislative requirements;
- Know how to deal with complex accounting transactions;
- Have a disclosure checklist they can use in their engagements.
Content
The webinar will cover the following topics:
- The Companies Act and Tax Administration Act on financial statements;
- Financial statements presentation and disclosure;
- Statement of financial position;
- Statement of comprehensive income and income statement;
- Statement of changes in equity;
- Statement of cash flows; and
- Notes to the financial statements.
- Financial statements for different external users;
- Dealing with complex transactions:
- Contingent liabilities;
- Accounting for BEE transactions;
- Intangible assets; and
- Deferred tax.
- Implementation guidance (disclosure checklist)
