Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Tristan White
0118861395
nerissa@probetatraining.co.za
Its time to give some thought to how we account for the business transactions we enter into or those that we are tasked with auditing.
Are you perhaps in the habit of accounting for / treating transactions or interpreting them in one particular way, without applying your mind?
We want to help refresh your understanding of the IFRS requirements with a very high-level overview of several IFRS / IAS standards that tend to be commonplace in business. Let’s get the basics right.
We will spend between 20 to 30 minutes on a topic.
Approach:
• Help you better identify when a particular standard is relevant to a
transaction i.e., we’ll briefly consider scoping and definitions.
• Simplify recognition criteria
• Clarify initial and subsequent measurement
• Provide a summary of disclosure (will not be discussed in depth)
Topics covered:
General:
- IFRS – IAS 1 Presentation of Financial Statements
- IFRS – IAS 7 Cash Flow Statement
- IFRS – IAS 8 Accounting Policies Changes in Estimates and Errors
- IFRS – IAS 10 Events After Year-End
Assets:
- IFRS – IAS 16 Property, Plant and Equipment PPE
- IFRS – IAS 36 Impairment of Assets
- IFRS – IAS 2 Inventories
- IFRS 9 Financial Instruments
Liabilities:
- IFRS 16 Leases
- IFRS - IAS 37 Provisions
Income Statement:
- IFRS 15 Revenue
- IFRS – IAS 19 Employee Benefits
Disclosure:
- IFRS – IAS 24 Related Parties Disclosure
Auditors
Bookkeepers
Financial accountants
Fourth year SAICA trainees
Fifth year SAICA trainees
Audit mangers
Audit partners
Engagement Quality Control Reviewers
