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 White
0118861395
gillian@probetatraining.co.za
Session 2’s focus is on bringing practicality to the requirements around consolidation, specifically in terms of the consolidation process and the journal entries one would need to pass, in order to combine a parent and subsidiary’s financial statements.
Other types of investments will also be looked at, namely investments in associates and joint ventures. It is vital to establish what the accounting requirements are, in theory, before looking at the practical accounting entries that are to be followed in an investor’s books, as part of preparing a set of financial statements
We seek to empower you as an accountant in finance as well as auditor/reviewer in public services, by:
• Identifying when a business is required/permitted to apply the requirements of a section
• Establishing what the requirements are / guidance are/is per section, relative to:
o Definitions
o Recognition
o Measurement
• Discussing any accounting policy elections available for a section
• Identifying the disclosure requirements and where possible, providing illustrative examples.
Session 2:
• Section 9: Consolidated and Separate Financial Statements
• Section 19: Business Combinations and Goodwill
• Section 14: Investments in Associates
• Section 15: Investments in Joint Ventures.
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
