IFRS for SMEs is the most widely adopted accounting framework Internationally as well as in South Africa. Recognising the fact that most organisations have adopted this framework, ProBeta Training has developed a series of training session webinars to help you build a solid base on the IFRS for SMEs framework including amendments, as well as highlighting disclosure requirements so as to streamline financial statement preparation and reporting. Our aim is to assist trainees, audit practitioners and also accountants in business to establish a practical understanding of the Standards, referred to as “Sections” in the IFRS for SMEs framework. Session 3 takes a look at the sections relating to Financial Instruments, Inventories as well as Leases

We seek to empower you as a professional accountant in accounting and audit by: • Establishing a practical understanding of the standards / sections • Helping you understand why transactions are accounted for the way they have been • Simplifying the financial statement reporting process by breaking down the presentation and disclosure requirements

Session 3: o Basic Financial Instruments o Other Financial Instruments o Inventories o Leases We will simplify pertinent elements of the theory. We will look at rudimentary journal entries. We will aim to draw comparisons between IFRS for SMEs and full-IFRS especially in areas of disclosure and annotations to financial statements.

• Accountants in business whose firms have adopted IFRS for SMEs as the accounting framework. • Auditors in a South African context, so as to successfully enable them to identify and assess the application of the framework