Attending the course and successfully completing the post-assessment, will grant you
3 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Web Based (Online)
TRISTAN DAVID-CREWE WHITE
tristan@probetatraining.co.za
Goal of this series:
To present all the requirements from the standard per topic/section, simplify the requirements and help delegates visualise its application using examples by showing debits and credits, calculations and extracts of possible disclosure.
Session 1 introduces the IFRS for SMEs accounting framework, identifying what the minimum content requirements are for each statement that forms part of an IFRS for SMEs based set of financial statements, including the balance sheet, income statement, etc. This understanding will help you better discern what makes up a set of financial statements, to establish if something is missing or not presented appropriately, as well as looking at what accounting policy elections are available for the presentation of information in each statement.
We seek to empower you as an accountant in finance as well as auditor/reviewer in public services, by:
• Identifying when a business is permitted to adopt / use IFRS for SMEs
• Establishing what statements make up a standard set of SMEs financial statements
• Identifying what the minimum contents are of each statement
• Discussing any accounting policy elections when choosing how to present financial information in each
statement
• Section 1: Small and Medium-Sized Entities
• Section 2: Concepts and Pervasive Principles
• Section 3: Financial Statement Presentation
• Section 4: Statement of Financial Position
• Section 5: Statement of Comprehensive Income and Income Statement
• Section 6: Statement of Changes in Equity and Statement of Income and Retained Earnings
• Section 7: Statement of Cash Flows
• Section 8: Notes to the Financial Statements.
This series is aimed at accountants in business applying IFRS for SMEs in preparing their financial statements; as well as, auditors of clients adopting IFRS for SMEs as their accounting framework, so as to equip accountants and auditors to better identify and assess the application of the framework. This session will assist the following professionals:
• Financial accountants and managers
• Auditors
• Audit managers and partners
• Bookkeepers
• First, Second and Third year SAICA Trainees
• Engagement Quality Control Reviewers
