Property, Brands, and Other Things People Get Wrong on the Balance Sheet IFRS for SMEs Section 16 and Section 18

Investment properties and intangible assets look impressive on paper. When they are wrong, they quietly destroy credibility. This session explains how these assets should really be treated.

3 CPD units June 3, 2026 1 presenter

What will set you apart

By completing this course you will gain the following competencies

How to tell investment property from owner occupied property
When property does not qualify as an investment
Whatactually qualifiesas an intangible asset
When costs must be expensed instead of capitalised
How measurement choices affect profit and equity
Where judgement errors cause misstatements

Event breakdown

Identifying investment property correctly
Owner occupied versus investment use
Measurement options and consequences
What qualifies as an intangible asset
Capitalisation versus expensing
Useful lives and amortisation
Common errors in practice
Disclosure expectations

Category: AccountingType: CPD CourseCPD category: Accounting

Description

Investment properties and intangible assets are regularly overstated because classification and judgement are misunderstood. Property is placed in the wrong category. Costs are capitalised because they feel valuable. Measurement choices are made without understanding their impact on profit and equity. This session focuses on how Sections 16 and 18 of IFRS for SMEs work in real financial statements, not textbooks. Attention is given to common errors that lead to overstated assets, misstated results, and uncomfortable questions during review or audit. Understanding these sections properly improves the reliability of the balance sheet and strengthens confidence in financial reporting decisions.

Presenters

Prof. Jacobus (Cobus) Rossouw CA(SA) — Prof Jacobus Rossouw CA(SA) (Cobus) was born in Bloemfontein and still has his roots planted in the beautiful Free State. He became a Chartered Accountant (SA) in 1999. In 2000, he joined the University of the Free State as a senior lecturer. He was promoted to associate professor in 2006 after obtaining his Master's degree in Financial Accounting (cum laude). Cobus specialises in the IFRS Accounting Standards (IFRSs) and the IFRS for SMEs. He is currently (since 2004) lecturing Advanced Financial Accounting to post-graduate chartered accountancy students (PGCA). Cobus's passion is lecturing in Financial Accounting and preparing his students for the world of work. He regularly acts as an external moderator for chartered accountancy programmes at the post-graduate level of other universities. In the last three years, as part of the PGCA lecturing team, he received four Learning and Teaching Awards for innovative practices. From 2005 to 2017, he was the Subject Head for Financial Accounting. Since 2016, Cobus has been the PGCA Academic Coordinator for the post-graduate year group and is responsible for the coordination of the PGCA programmes. Cobus also serves as a member of the Management Committee of the School of Accountancy of the University of the Free State. Cobus also served on numerous committees of the Faculty of Economics and Management Sciences. He is the author or co-author of thirteen accredited research articles and various non-accredited articles in academic and accounting literature. He has presented (as author/co-author) more than twenty research papers at international, national and university conferences on aspects of Financial Accounting and Learning and Teaching. Furthermore, he is the author of numerous chapters in various leading financial accounting textbooks focusing on IFRSs. He has also presented more than a hundred professional update courses/seminars/webinars to practising accountants on behalf of various professional bodies.

You will earn a certificate

On successful completion you will receive a certificate for 3 CPD units in Accounting.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser