IFRS for SME Section 11 Basic Financial Instruments
CPD Hours: 2
Price: R237.50
This is part of a series
Read more about seriesIFRS for SME Section 11 Basic Financial Instruments
Presenters : Caryn Maitland CA(SA)
This webinar on demand is part of a series of webinars. Click here to read more
Overview
IFRS for SMEs Section 11 - Basic Financial Instruments deals with the accounting treatment relating to basic financial assets and financial liabilities of SMEs in their annual financial statements. The scope of this webinar will include AFS items such cash, deposits, payables, receivables, investments and debt instruments. We will not go into the more complex financial instruments here as these will be dealt with in a subsequent webinar.
Learning objectives
By the end of this event the participant should:
-
Understand the objectives of IFRS for SMEs Section 11 - Basic Financial Instruments;
-
Understand the scope of IFRS for SMEs Section 11 - Basic Financial Instruments;
-
Understand initial measurement of financial assets and liabilities;
-
Understand measurement subsequent to initial recognition; and
-
Know how to disclose financial instruments on the AFS.
Content
The webinar will cover the following topics:
-
Scope of Section 11.
-
Initial measurement.
-
Includes transaction price and costs;
-
Financing transactions.
-
-
Measurement subsequent to initial recognition.
-
Using the effective interest rate.
-
Using the undiscounted amount to be paid.
-
Measurement of shares.
-
-
Testing for impairment.
-
When to derecognise financial assets and liabilities.
-
Disclosures.
