Provisions and employee benefits rely heavily on judgement. Getting them wrong hides liabilities and damages trust.
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Provisions and employee benefits are often avoided because they involve estimates and uncertainty. As a result, liabilities are understated or ignored. This session focuses on how Sections 21 and 28 of IFRS for SMEs work in practice. It explains when obligations exist, how they should be measured, and why delaying recognition creates long-term reporting risk. Understanding these sections improves balance sheet accuracy and prevents surprises when obligations can no longer be avoided. This session strengthens confidence in recognising liabilities properly, even when estimates are uncomfortable.
Prof. Cobus Rossouw
Associate Professor in Financial Accounting at the University of the Free State. Specialises in IFRS and the IFRS for SME’s, with a focus on research and professional training for accountants.
The following event is awarded 2 CPD units in Accounting.
+27 (0) 12 643 1800/2/4 ciba@myciba.org www.myciba.org
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