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 4 takes a look at the sections relating to Investments in Associates / Joint Ventures, Investment Property, Property Plant and Equipment, Intangibles and Impairments

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 4: o Investments in Associates o Investments in Joint Ventures o Investment Property o Property, Plant and Equipment o Intangibles o Impairment 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.