Session 1 takes a look at the IFRS for SMEs’ 2015 amended framework as a whole, highlighting requirements for each individual statement i.e. balance sheet, income statement, etc. so that delegates are comfortable with what must / may be included in the individual statements that comprise annual financial statements.
We seek to empower you as a professional accountant in accounting and audit by:
• Establishing a practical understanding of the standards / sections
• Helping you understand why transactions are accounted for the way they have been
• Simplifying the financial statement reporting process by breaking down the presentation and disclosure
requirements
Session 1:
o Section 1: Small And Medium-Sized Entities
o Section 2: Concepts And Pervasive Principles
o Section 3: Financial Statement Presentation
o Section 4: Statement Of Financial Position
o Section 5: Statement Of Comprehensive Income And Income Statement
o Section 6: Statement Of Changes In Equity And Statement Of Income And Retained Earnings
o Section 7: Statement Of Cash Flows
o Section 8: Notes To The Financial Statements
• Accountants in business whose firms have adopted IFRS for SMEs as the accounting framework.
• Auditors in a South African context, so as to successfully enable them to identify and assess the
application of the framework
