IFRS Webinar Series - A Practical Approach
CPD Hours: 20
Price: R3000.00
The IFRS webinar series is flexible to your timetable, enabling you to fit your studies around your work and social commitments. This series commences in February 2020 and concludes in November 2020.
Anyone, whether a trainee or a practising professional in the field of Accounting, Audit and Tax can attend this series in order to update their knowledge on IFRS for SMEs and / or to learn new standards that have recently been amended / created.
Each webinar is assessed through multiple-choice examinations.
Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SME). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS).
Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees.
IFRS 9 Financial Instruments
IFRS 16 Leases
IFRS 15 Revenue from Contracts with Customers
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
IFRS 10 Consolidated Financial Statements
IFRS 11 Joint Arrangements
IFRS 13 Fair Value Measurement
IFRS 3 Business Combinations
IAS 38 Intangible Assets
IAS 36 Impairment of Assets
Learning objectives: By the end of this event the participant should: Understand how to correctly recognise leases; Understand both recognition exemptions; Understand how to accurately measure leases;&nbs p; Know how to correctly present leases in the AFS; and Know how to correctly disclose leases in the AFS. Content The webinar will cover the following topics: IFRS 16 overview. When to recognise a lease. Conditions for non-recognition. Measuring leases accurately. Accounting treatment: by lessors; and by lessees. Presentation and disclosure.
Learning objectives By the end of this event the participant should: Understand how to correctly recognise financial instruments; Understand how to accurately measure financial instruments; Know the requirements for impairment of financial instruments; Know when and how to derecognise financial instruments; and Understand general hedge accounting. Content The webinar will cover the following topics: IFRS 9 overview. Financial instruments recognition. Initial and subsequent measurement. Measuring leases accurately. Derecognition – when and how? Reclassification. Understanding hedge accounting. Impairment of financial instruments. Disclosure of financial instruments.
Learning objectives By the end of this event the participant should: Understand the purpose of IFRS 15; Know how to apply the five-step recognition method; Know how to present revenue fr om contracts with customers in the AFS; and Understand the disclosure of revenue from contracts with customers. Content The webinar will cover the following topics: IFRS 15 overview. Superseded standards. Five-step recognition: Identify the contract; Identify performance obligations; Determine transaction price; Allocate transaction price; and Recognise the revenue. Presentation in the AFS. Disclosure.
Learning objectives By the end of this event the participant should: Understand the background to IFRS 5; Understand measurement methods; Understand requirements for recognition; Know how to present these assets on the AFS; and Understand how to disclose the assets. Content The webinar will cover the following topics: Background to IFRS 5. Conditions for "held for sale" classification. What is a disposal group? Measurement principles. Presentation in the AFS. Disclosure in the AFS.
Learning objectives By the end of this event the participant should: Understand what is covered under IFRS 11; Understand the difference between a joint venture and a joint operation; Un derstand how to account for joint arrangements; and Understand measurement and recognition of assets, liabilities, expenses and revenue. Content The webinar will cover the following topics: IFRS 11 – Joint Arrangements. Joint operations vs joint ventures. Rights and obligations of parties. Accounting treatment of joint arrangements. Measurement and recognition.
Learning objectives By the end of this event the participant should: Understand the scope of IFRS 13; Understand how to determine fair value; and Understand fair value disclosures in the AFS.& nbsp; Content The webinar will cover the following topics: What is IFRS 13? Definition of fair value. How to determine fair value. Disclosures.
Learning objectives By the end of this event the participant should: Understand the scope of IFRS 3; Understand the definition of business combinations; Understand the measurement of goodwill; Understand the method of accounting for business combinations; and Understand the disclosure of information about business combinations. Content The webinar will cover the following topics: IFRS 3 scope. Definition of a "business combination". Recognition principle. Measurement principle. Measurement of goodwill. Disclosures.
Learning objectives By the end of this event the participant should: Understand the scope of IAS 38 Intangible Assets; Understand the IAS 38 definition of intangible assets; Understa nd the accounting treatment of intangible assets under IAS 38; and Know how to recognise and measure intangible assets under IAS 38. Content The webinar will cover the following topics: IAS 38 scope. Definition of "intangible assets". How to identify an intangible asset. How to recognise an intangible asset. Measurement of an intangible asset. Disclosure of intangible assets.
Learning objectives By the end of this event the participant should: Understand the scope of IAS 36. Know how to identify an asset that may be impaired. Understand the indications of impairmen t. Know how to determine recoverable amount. Know how to disclose impairment. Content The webinar will cover the following topics: What is IAS 36? IAS 36 scope. Identification of impaired assets. Indications of impairment. Determining recoverable amount. Recognition and disclosure.