Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Tristan White
0118861395
gillian@probetatraining.co.za
Session 3 looks to take the sting out of financial instruments! Financial instrument assets and liabilities have separate accounting requirements, and present an accountant with an array of options for classifying financial instruments, for e.g., amortised cost and fair value through profit and loss.
We will look to provide a clear understanding of the key recognition and measurement principles related to both financial instrument assets and liabilities that are deemed ‘basic’, per section 11 of the standard, whilst attempting to firmly establish the requirements through example calculations and accounting entries.
We seek to empower you as an accountant in finance as well as auditor/reviewer in public services, by:
• Identifying when a business is required / permitted to apply the requirements of section 11
• Establishing what the requirements are / guidance is per section, relative to:
o Definitions
o Recognition
o Initial and subsequent measurement
• Discussing any accounting policy elections available
• Identifying the disclosure requirements and where possible, providing illustrative examples.
This series is aimed at accountants in business applying IFRS for SMEs in preparing their financial statements; as well as, auditors of clients adopting IFRS for SMEs as their accounting framework, so as to equip accountants and auditors to better identify and assess the application of the framework. This session will assist the following professionals:
• Financial accountants and managers
• Auditors
• Audit managers and partners
• Bookkeepers
• First, Second and Third year SAICA Trainees
• Engagement Quality Control Reviewers.
