IFRS and IFRS for SMEs Training - Education Labour Relations Council

In-house course

1 Day
Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, SAIT, SAIPA , ACCA, IACSA & IRBA).
TRISTAN DAVID-CREWE WHITE   tristan@probetatraining.co.za

As accountants, you may see many transactions flowing in and out of your business and what may happen, is that you get into a habit of accounting for / interpreting transactions in a particular way.

You may be doing so without applying your mind in following what the IFRS for SMEs standard requires.

We want to help refresh your understanding with an overview of several IFRS and IFRS for SMEs standards / sections requirements, related to transactions that tend to be commonplace in business. Lets get the basics right.


We will spend 60 minutes on a topic
Approach:

  • Help you better identify when a particular standard / section is relevant to a transaction i.e., we’ll briefly consider scoping and definitions
  • Simplify recognition criteria
  • Clarify initial and subsequent measurement
  • Explain presentation and disclosure for financial reports and disclosure notes
  • Highlight differences between IFRS and IFRS for SMEs as relevant to the below topics discussed

Topics covered:

  • IFRS - IAS 16: Property, Plant and Equipment
  • IFRS - IAS 38: Intangible AssetS
  • IFRS for SMEs – Section 20: Leases
  • IFRS – IAS 10: Events After the Reporting Period
  • IFRS – IAS 37: Provisions and Contingent Liabilities
  • IFRS – IAS 24: Related Party Disclosures
  • IFRS for SMEs – Third Edition: Identifying Major Changes to the Standard
  • In covering the above, the financial statements / reports presentation and disclosure in the notes requirements will be discussed

  • Auditors
  • Bookkeepers
  • Financial accountants
  • Audit mangers
  • Audit partners
  • Engagement Quality Control Reviewers