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Annual Financial Statements for SMEs: Getting It Right Without Overcomplicating It

Annual financial statements are often technically correct but practically weak. This session shows how to prepare clear, compliant SME financial statements that stand up to scrutiny.

Date:

17 June, 2026

Time:

14:00

Hours:

2 hours

CPD Units:

3

Category:

Financial Reporting

Group:

Channel 0: Foundation, Channel 1: Compliance, Channel 2: Growth

Format:

Live Event

R345,00 VAT incl.

Product Information

Preparing annual financial statements for SMEs is often treated as a compliance exercise rather than a professional deliverable. This session focuses on the practical application of IFRS for SMEs and how to prepare financial statements that are clear, consistent, and defensible. Attention is given to common problem areas such as incorrect classifications, weak disclosures, and poor presentation. These issues regularly lead to questions, findings, and loss of confidence in the numbers. This session focuses on how to apply IFRS for SMEs without overcomplicating the process. Strong financial statements communicate clearly, reduce follow up queries, and protect professional credibility. Getting this right saves time, reduces risk, and improves trust.

Presenter/s

Nicolene Steenkamp

What will set you apart

  • What users of SME financial statements really look for
  • How IFRS for SMEs applies in practice
  • Common errors in SME financial statements
  • How presentation affects credibility
  • Where disclosures are often wrong or missing
  • How to avoid review and audit issues
  • How to prepare statements that make sense

Event breakdown

  • Purpose of annual financial statements
  • Structure and presentation
  • Applying IFRS for SMEs in practice
  • Common classification errors
  • Disclosure requirements
  • Consistency across statements
  • Frequent problem areas
  • Avoiding review and audit findings

Certificate

The following event is awarded 3 CPD units.