IFRS for SMEs updates and their implications on financial reporting


CPD hours: 2 Hours

Price: R450.00

Video Type: Single

Presenter: Nestene Botha CA(SA)
CA(SA)
...

IFRS for SMEs updates and their implications on financial reporting

CPD Hours: 2

Price: R450.00


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Title / Topic

IFRS for SMEs updates and their implications on financial reporting

Presenters : Nestene Botha CA(SA)


Overview  

On 29 September 2023, the IASB published 'International Tax Reform — Pillar Two Model Rules (Amendments to the 'IFRS for SMEs' Standard)' to align the standard's requirements with similar amendments to IAS 12 'Income Taxes' issued in May 2023. 

It is vital that every accounting practitioner working with SMEs understands not only the amendment above but others that have been issued recently and their implications on financial reporting. The aim of this webinar is to highlight and give practical guidance on all recent and proposed IFRS for SMEs updates.  

Join Nestene Botha CA(SA)  for this 2-hour webinar as she discusses the significance of the latest developments in the IFRS for SMEs Accounting Standard, and how you can continue to produce accurate financial statements that maintain transparency and trust among all stakeholders.   


Learning objectives  

Attending this webinar will equip you with the following skills: 

  • Full understanding of the purpose of the latest edition of the IFRS for SMEs standard, its overview, and when to use it.  

  • A comprehensive understanding of proposed amendments included in the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard including insights into the practical implications of these changes on financial reporting. 

  • Possess knowledge of the practical application of the current IFRS for SMEs Standard that ensures accuracy in all your financial reporting tasks.  

  • Gain detailed insights into the "Pillar Two Model Rules" and other tax-related amendments proposed in the recent Exposure Draft, and how these could financially affect SMEs. 

  • Have an appreciation of how climate-related matters can impact financial statements under the IFRS for SMEs framework, enhancing your ability to manage financial disclosures related to environmental issues. 


Content 

The webinar will cover the following topics:  

  • IFRS for SME’s standard (2015 edition):  

    • History and purpose.  

    • Overview and when to use it. 

  • Progress on the 2019 comprehensive review of IFRS for SMEs.  

  • Exposure Draft International Tax Reform - "Pillar Two Model Rules". 

  • IFRS for SMEs Accounting Standard educational material.   

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