IFRS for SMEs – Intangible Assets and Impairment of Assets – 10 March 2025

Name: IFRS for SMEs – Intangible Assets and Impairment of Assets - 10 March 2025 - cpd.myciba.org
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The accounting treatment of intangible assets and the impairment of assets in terms of the IFRS for SMEs.

Date:

10 March, 2025

Time:

14:30

Hours:

3 hours

CPD Units:

Category:

Accounting

Group:

Channel 2: Growth

Format:

Live Event

IFRS for SMEs – Intangible Assets and Impairment of Assets - 10 March 2025

IFRS for SMEs – Intangible Assets and Impairment of Assets - 10 March 2025 - Image 2

Out of stock

Product Information

The webinar will begin with a quick overview of who should/can apply the IFRS for SMEs.

Next, we will briefly refer to the core concept of an ‘asset’ and what it actually implies when we recognise an asset.

During the webinar, we will deal with the detailed accounting treatment (definition, recognition, measurement, presentation and disclosure) of Intangible Assets acquired separately (not as part of a business combination), and the accounting treatment of amortisation.

The webinar will conclude with an in-depth explanation of the accounting treatment of impairment losses on individual assets (e.g. PPE) and cash-generating units.

What will set you apart

By attending this webinar you will gain the following competencie

A quick overview of who should/can apply the IFRS for SMEs (2015) (the International Financial Reporting Standard for Small and Medium-Sized Entities) (effective 1 January 2017)
Understand the concept of an ‘asset’ in the context of an impairment
The detailed accounting treatment of intangible assets (other than Goodwill) in terms of the IFRS for SMEs (2015)
Accounting for an impairment loss in terms of the IFRS for SMEs (2015)
The webinar will discuss the core accounting principle of the topics above and will use examples to illustrate the practical application thereof.

Event breakdown

IFRS for SMEs: The who’s who
Conceptual discussion of the definition and recognition of an asset (IFRS for SMEs: Section 2)
Intangible Assets other than Goodwill (IFRS for SMEs: Section 18):

Initial recognition of intangible assets acquired separately
Internally generated intangible assets
Measurement
Amortisation (useful life, pattern of use, residual value)
Disclosures

Impairment of Assets (IFRS for SMEs: Section 18):

Inventories
Other assets (excluding financial instruments)
Indicators of impairment
Recoverable amount (fair value less costs to sell and value in use)
Recognition of an impairment loss
Reversal of an impairment loss
Disclosures

Certificate

The following event is awarded 3 CPD units in Accounting.

Presenter/s

Prof. Jacobus (Cobus) Rossouw

A Chartered Accountant (SA) since 1999, is an expert in IFRS and IFRS for SMEs. He has been lecturing Advanced Financial Accounting to post-graduate chartered accountancy students at the University of the Free State since 2004.

Previously the Subject Head for Financial Accounting (2005–2017), Cobus now serves as PGCA Academic Coordinator and is a member of the School of Accountancy’s Management Committee. He has received four Learning and Teaching Awards for innovative practices.

Cobus has authored/co-authored 13 accredited research articles, numerous accounting textbook chapters, and over 20 research papers presented at international and national conferences. He has also delivered 100+ professional update courses for various accounting bodies.