Session 2 introduces some practical examples whereby accounting treatments will be explored to help visualise typical business combination /consolidation entries, goodwill calculations and other types of investments, namely associates and joint ventures.
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 2:
o Section 9: Consolidated and Separate Financial Statements
o Section 19: Business Combinations and Goodwill
o Section 14: Investments in Associates
o Section 15: Investments in Joint Ventures
• 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.
