Accounting
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IFRS for SME Update 2019 - Studio Recording

CPD Hours: 4

Price: R675.00

Tag: Studio Recording


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IFRS for SME Update

Do you know how to apply the IFRS for SMEs Standard in the following circumstances: BEE transactions, SMEs under liquidation or under business rescue, contingent liabilities, intangible assets, and deferred tax? It's not so easy as it looks and you could end up in trouble with CIPC and SARS if your presentation and disclosure is found to be faulty.  

The IASB tweaked and amended the Standard for the first time since it was published in 2015, with a handful of critical amendments that become effective for years beginning on or after 1 January 2017. It is vital that every accounting and auditing practitioner gets up-to-speed with the Standard including all its amendments.  

Cognisant of this, we have asked Caryn Maitland CA(SA) to use her practice experience and examples to provide a webinar that takes you back to basics while updating you on amendments to the Standard. Caryn will also provide solutions to complex transactions you are bound to encounter in your work.


Content:

The webinar will cover the following topics:  

  • The background and development of IFRS for SMEs; 
  • Scope and objectives of the Standard; 
  • Responsibilities of a compiler vs an assurance provider; 
  • Pervasive principles and elements of financial statements; 
  • Presentation of financial statements and first-time adoption transition; 
  • Accounting for:  
    • PPE, investment properties and intangible assets; 
    • Inventories and biological assets; 
    • Impairment, leases, forex transactions and deferred tax; 
    • Government grants and borrowing costs; 
    • Financial instruments, business combinations and goodwill; 
    • JVs, associates and share-based payments; 
    • Provisions and contingencies; 
    • Employee benefits and related parties; 
    • Revenue and events after reporting date. 
  • Common problems, challenges and considerations. 

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