IFRS for SMEs (3rd Edition) Series Session 8
Presenters : Caryn Maitland CA(SA)
Overview
The third edition of the IFRS for SMEs Accounting Standard introduces important changes that entities applying the standard will need to understand and incorporate into their financial reporting processes. As the implementation of the revised requirements progresses, accounting professionals need to understand how the changes affect the recognition, measurement, presentation and disclosure of transactions in the financial statements.
Join Caryn Maitland CA(SA) for Session 8 of the IFRS for SMEs (3rd Edition) Series, where she will continue exploring the key requirements of the third edition of the standard. The session will focus on the practical application of the revised requirements, highlighting important changes, accounting considerations and areas that practitioners should be aware of when preparing or reviewing financial statements under the IFRS for SMEs Accounting Standard.
Learning objectives
Attending this webinar will equip you with the following skills:
- Understand the relevant requirements introduced or amended by the third edition of the IFRS for SMEs Accounting Standard.
- Identify key differences between the second and third editions of the IFRS for SMEs Accounting Standard.
- Apply the relevant recognition and measurement requirements when accounting for transactions under the revised standard.
- Evaluate the impact of the revised requirements on the preparation and presentation of financial statements.
- Identify key disclosure requirements and practical considerations arising from the implementation of the third edition.
Content
The webinar will cover the following topics:
- IFRS for SMEs (3rd Edition): Key Requirements and Changes
- Overview of the relevant amendments and new requirements
- Key differences between the second and third editions
- Recognition and measurement considerations
- Practical implications for SMEs and accounting practitioners
- Application of the Revised Accounting Requirements
- Applying the relevant requirements to common transactions and balances
- Accounting judgements and estimates under the revised standard
- Impact on financial statement preparation and accounting policies
- Presentation and Disclosure Requirements
- Presentation of information in the financial statements
- Relevant disclosure requirements under the third edition
- Common implementation considerations and areas requiring professional judgement
- Practical considerations for transitioning to and applying the third edition
