STUDY IN YOUR OWN TIME with the comprehensive IFRS for SMEs Self-Study Package - 9 self-study courses included!

MODULE 1: Intro to SME Financial Statements

• 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

MODULE 2: Consolidations, Associates, Joint Ventures

• Section 9: Consolidated and Separate Financial Statements
• Section 19: Business Combinations and Goodwill
• Section 14: Investments in Associates
• Section 15: Investments in Joint Ventures

MODULE 3: Financial Instruments

• Section 11: Basic Financial Instruments
• Section 12: Other Financial Instruments

MODULE 4: Property, Plant and Equipment and Investment Property

• Section 17: Property, Plant and Equipment
• Section 16: Investment Property

MODULE 5: Intangible Assets and Impairment of Assets

• Section 18: Intangible Assets

• Definitions
• Recognition and measurement:

• Separate acquisition
• Goodwill
• Internally generated intangible assets
• Expensing of intangible assets

• Subsequent Measurement – Cost VS Revaluation Model, Amortisation
• Section 27: Impairment of Assets
  • When it is necessary to impair and when you won’t need to,
  • How to calculate a recoverable amount for impairment purposes,
  • What the knock-on effect will be for depreciation purposes and
  • How impairment affects revalued assets

MODULE 6: Revenue and Leases

• Section 23: Revenue

• Identifying a revenue stream (e.g. Sale of goods or rendering of services), with examples
• Recognition of each stream, with examples
• Measurement of revenue transactions, with examples
• Disclosure

• Section 20: Leases
  • Classification: Finance VS Operating
  • Measurement: Initial + Subsequent
  • Lessor: Finance VS Operating Lease, using examples
  • Lessee: Finance VS Operating Lease, using examples

MODULE 7: Inventories

• Section 13: Inventories
  • What types of costs may form part of inventory-costing
  • Measurement of cost
  • Inventory write-downs
  • Disclosure

MODULE 8: Employee Benefits and Related Parties Disclosure

• Section 28: Employee Benefits
  • Short-term employee benefits [salaries and wages]
  • Leave pay and bonus accruals
  • Post-employment benefits [retirement annuities]
  • Termination benefits
  • Practical examples to illustrate accounting entries
• Section 33: Related Parties Disclosure
  • Who is a related party?
  • What is a related party transaction / balance?
  • Do all transactions with related parties need to be disclosed?
  • What director’s remuneration-related disclosures are required?
  • What needs to be disclosed?
  • Examples of disclosures

MODULE 9: Income Tax

• Section 29: Income Tax
  • Requirements and concepts around current tax
  • Requirements and concepts around deferred tax
  • Substantively enacted tax rates
  • Foreign tax implication on accounting, e.g. section 6Quat
  • Disclosure

All Included:

• Video presented courses
• Downloadable course material
• Certificate of training
• SAICA, SAIBA, ACCA, IACSA, IRBA Accredited - 36 verifiable CPD hours