This course takes a look at the IFRS for SMEs’ 2015 amended framework as a whole, highlighting requirements for each individual statement i.e. balance sheet, income statement, etc. so that delegates are comfortable with what must / may be included in the individual statements that comprise annual financial statements.

Course Objective:

• Establishing a practical understanding of the standards / sections
• 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

Course Content:

• 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 session will greatly benefit financial managers, accountants, bookkeepers, financial staff in business whose firms have adopted IFRS for SMEs as the accounting framework as well as auditors and audit trainees in a South African context, so as to successfully enable them to identify and assess the application of the framework.

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• SAICA, SAIBA, ACCA, IACSA, IRBA Accredited - 2 verifiable CPD hours