Financial Statements - Impact of COVID on AFS
Presenters : Caryn Maitland CA(SA)
Learning objectives
By the end of this event the attendee should:
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Be aware of the areas of the financial statements that will be affected by the pandemic, taking into account financial reporting issues and Companies Act considerations;
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Be aware of important considerations and disclosure related to going concern and subsequent events;
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Be able to assess the indicators of impairment relating to goodwill, tangible assets and financial assets;
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Understand the accounting and impact of the pandemic on:
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Estimates;
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Provisions;
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Restructuring;
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Revenue;
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Leases;
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Forex; and
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Deferred Tax.
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Be able to see how the pandemic has affected fair values and market values.
Content
The webinar will cover the following topics:
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The Companies Act and financial statements.
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Financial statements presentation and disclosure:
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Statement of financial position.
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Statement of comprehensive income and income statement.
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Statement of changes in equity.
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Statement of cash flows.
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Notes to the financial statements.
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Financial statements for different external users.
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Dealing with complex transactions:
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Going concern and subsequent events.
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Impairment.
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Estimates.
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Provisions.
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Restructuring.
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Revenue.
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Leases.
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Forex.
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Deferred Tax..
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Overall disclosure of financial statements.
