Available Course

Provisions and Events After Year End Accounting – IFRS for SMEs – Sections 21 and 32

>> Click here to book this training as an In-House course <<

Duration: 2.5 Hours
CPD Hours: Attendance at this seminar will secure 2.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Tristan White
T:  011-886-1395
E:  nerissa@probetatraining.co.za
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With the uncertainty around COVID-19, many businesses are facing financial peril with liabilities that cannot be met and unfulfilled contracts that could lead to financial losses. Section 21 Provisions and Contingencies will help us account for potential liabilities and consider the impact of onerous contracts. Section 32 Events After the Reporting Period becomes relevant when dealing with situations that have arisen after year end, that could have a retrospective effect on current year financial statements

Section 21: Provisions • Definitions for Provisions, Contingent Liabilities, Onerous Contracts • Recognition • Measurement • Disclosure requirements Section 32: Events After Reporting Period • Definitions for Adjusting VS Non-adjusting events • When to recognition VS disclose VS ignore

Financial managers Auditors Bookkeepers Financial accountants Audit managers Audit partners Engagement Quality Control Reviewers