Introduction

This webinar is designed to provide CIBA members with an in-depth understanding of preparing annual financial statements according to the IFRS for SMEs framework. The session will empower attendees to confidently draft a full set of financial statements independently, adhering to the standards set forth by IFRS for SMEs and the Companies Act of South Africa. Attendees will gain practical, actionable insights into the requirements for financial reporting, including compliance with legislative and regulatory frameworks, with a focus on clarity, accuracy, and adherence to the governing standards. 

Category: Accounting

Channel 0 and 1: Foundation and Compliance

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Information

Available from: 10 February 2025, 14:00

Format: Webinar

CPD Units: 2

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What will set you apart

By attending this webinar you will gain the following competencies

• Understand the IFRS for SMEs Framework 
  • Learn the basics of IFRS for SMEs—what it is, why it’s important, and how it differs from the full IFRS standard. 
• Know the Companies Act Requirements 
  • Understand what the South African Companies Act requires for annual financial statements, including essential legal obligations. 
• Master Financial Statement Preparation 
  • Gain the skills to prepare key financial statements for SMEs, including the balance sheet, income statement, cash flow statement, and the notes that explain them. 
• Apply Measurement and Disclosure Rules 
  • Get hands-on practice in applying IFRS for SMEs rules for measuring and disclosing information, particularly for assets, liabilities, income, and equity. 
• Solve Practical Challenges 
  • Learn how to overcome common issues in preparing financial statements and get practical tips for handling tricky areas. 

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Certificate

The following event is awarded 2 CPD units in Accounting

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Presenter

Leana van der Merwe

With 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.

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Accounting Weekly

Please note reading Accounting Weekly articles count towards non-verifiable CPD.

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