We all know the effect the economy can have on a business. Whether it is a worldwide pandemic, or a new competitor, there is always something that threatens a company’s financial position. As such it is important for directors, managers, and owners to be aware of their going concern position. Going concern is also a fundamental principle to the preparation of financial statements, and accountants and auditors should assess it properly.
Every company that is registered in South Africa must comply with the Companies Act. That includes any Close Corporation. Are you aware of the implications of the Companies Act and how it affects your company or those of your clients?
Logbook Training Programme
BRP 1A Reviewing financial statements and accounting records to identify indication of financial distress
BRP 1B Performing the evaluation of the risks to the business of the financial distress indicators identified
BRP 1C Assessing the results of the financial report to advise management on the status and plan for the business
BRP 2A Assisting management in implementing liquidation procedures in compliance to legislation
BRP 2B Recording the transactions relating to the implementation of the liquidation scheme
BRP 2C Preparing the liquidation and distribution account
Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly.
At the end of this course, participants should be able to:
Identify businesses in financial distress
Conduct procedures to assess the impact of the financial distress
Provide management with advisory services iro businesses in financial distress
Implementing liquidation procedures for the business
Record the transaction for the implementation of the liquidation plan
Prepare the liquidation and distribution account
After attending the course, delegates will have gained a basic understanding on the competencies mentioned below, and must be able to apply the concepts and techniques in simple, uncomplicated situations or environments.
Our ultimate goal is to provide the trainees the necessary training and practical exposure to prove a competency skill level (Competent without supervision) at a basic level for this course. This involves a self-paced course attendance, course exercises, post-course work as well as evaluation and feedback.
Logbook Training Programme
BRP 1A Reviewing financial statements and accounting records to identify indication of financial distress
BRP 1B Performing the evaluation of the risks to the business of the financial distress indicators identified
BRP 1C Assessing the results of the financial report to advise management on the status and plan for the business
BRP 2A Assisting management in implementing liquidation procedures in compliance to legislation
BRP 2B Recording the transactions relating to the implementation of the liquidation scheme
BRP 2C Preparing the liquidation and distribution account
Other course benefits
Professional skills development (writing and reporting skills)
Drafting recommendations which are reasonable and relevant
Time management
Critical and strategic thinking
Assisting with exam technique (research and analysis) and
Individual feedback by an accredited SAICA Assessor. Trainees (delegates) are guaranteed a relevant and practical basic understanding of the risk and corporate environment.
How long does it take to finish the course?
- Pre-course work: None
- 7.5 to 10 hours - (theory and practical principles) depending on your learning pace and competency level
- Post-course work: 1 to 2 days maximum - depending on your typing speed and competency level
Your submission due date for your PoE file is: within 6 weeks of purchase date for this course.
After the first 6 weeks have passed, the facilitator has got 6 further weeks, from the date of submission due date to assess the PoE submission.
SAIPA Trainees or any trainees as part of a formal training or development programme.
Any accounting professional who would like to learn more about basic Business Rescue Principles.
