IFRS FOR SMES CERTIFICATE COURSE

Registration closes 31 October 2018
ENROL NOW

DESCRIPTION

Obtain professional recognition for your knowledge of the International Financial Reporting Standard (IFRS) for small and medium enterprises (SME) from the world’s largest chartered accountant professional body, the Institute of Chartered Accountants in England and Wales (ICAEW). Whether you are an accountant in commerce or in practice the course will provide guidance, the knowledge and the reassurance to support your employer and its clients.

IFRS and IFRS for SMEs differences:

IFRS for SMEs is only valid for entities conforming to the prerequisites of small and medium-sized entities. There is an official statement of the IASB, defining which entity is an SME. So the IASB classifies them as entities, “that do not have public accountability and publish general purpose financial statements for external users only.” (IFRS for SMEs 1.2)

IFRS would apply to entities having debt or equity instruments in a public market or in the process of issuing such instruments for trading in a public market (IFRS for SMEs 1.3a). But also entities holding assets in a fiduciary capacity for a broad group of outsiders as one of its primary businesses. Characteristic examples are banks, credit unions, insurance companies or investment banks (IFRS for SMEs 1.3).

 


LEARNING OBJECTIVES

  • Understand and apply the IFRS for SMEs;
  • section by section analysis of IFRS for SME with the latest amendments and examples;
  • assess the standard’s commercial impact on your firm and your client’s business;
  • make informed decisions and provide practical advice;
  • Produce IFRS for SME compliant financial statements and information;
  • apply professional judgment when interpreting the IFRS for SMEs.

 


ADMISSION REQUIREMENTS

The is no formal admission requirement for this course.

 


WHO SHOULD ATTEND?

  • Accountants seeking validation of their knowledge of IFRS for SME by the world’s largest CA body;
  • Accountants that need a comprehensive knowledge of IFRS for SME required for the preparation of compliant annual financial statements;
  • audit and independent review team members;
  • internal auditors and accounting officers;
  • users of financial statements such as board members and investors ;
  • persons that need accounting as a subject to obtain the Southern Africa Institute of Business Accountants (SAIBA) designation CBA(SA) or BAP(SA).

 


COURSE DELIVERY

This course will be taught by means of distance learning and communication through study guides, tutorial letters, assignments and virtual classrooms. Participants will have access to AcademyOne’s state of the art e-learning platform. Each attendee will gain access to their own online study room with weekly video tutorials, downloadable PDF course notes; discussion forums and multi-choice practise quizzes. The content is divided into manageable portions for students. The dates and times to access the lecturer will be provided in your study pack. A designated student coach and administrator will also be available on email and telephone to provide you with all the required support.

 


LANGUAGE

Study material, tutorials and engagement will be English.

 


ASSESSMENT AND COURSE ACCREDITATION

To obtain the ICAEW certificate of completion and qualify for the partial exemption for a professional accounting designation with SAIBA you need to successfully complete the ICAEW exam. There are no assignments for this course and your final mark is based on your exam results. Thereafter you may decide to apply for membership to Saiba – a South African Qualifications Authority (SAQA) registered professional accounting body – and partial accreditation for one of their professional designations.

 


REGISTRATION PERIOD

The course commences in July 2018. The closing date for registration is 29 June 2018.

 


STUDY UNITS

  • Study unit 1 National accounting to international harmonisation
  • Study unit 2 Pathway to financial reporting harmonisation
  • Study unit 3 The structure of the IASB

  • Study unit 1 The purpose and role of accounting standards
  • Study unit 2 International and national standards
  • Study unit 3 Due process steps leading to the IFRS for SMEs
  • Study unit 4 What is financial reporting?
  • Study unit 5 Preparation and presentation of financial statements

  • Study unit 1 Module Objectives
  • Study unit 2 Project history
  • Study unit 3 Definitions of an SME
  • Study unit 4 A simplified version

  • Study unit 1 Objectives
  • Study unit 2 Fair presentation
  • Study unit 2 Fair presentation
  • Study unit 3 Going concern
  • Study unit 4 Frequency of reporting
  • Study unit 5 Consistency of presenting
  • Study unit 6 Comparative information
  • Study unit 7 Materiality and aggregation
  • Study unit 8 Complete set of financial statements
  • Study unit 9 Identification of the financial statements

  • Study unit 1 Module Objectives
  • Study unit 2 Information to be presented in the statement of financial position
  • Study unit 3 Current/non-current distinction
  • Study unit 4 Current assets
  • Study unit 5 Current liabilities
  • Study unit 6 Sequencing of items and format of items in the statement of financial position
  • Study unit 7 Information to be presented either in the statement of financial position or in the notes
  • Study unit 8 Complete set of financial statements
  • Study unit 9 Identification of the financial statements

  • Study unit 1 Module Objectives
  • Study unit 2 Minimum disclosure of the face of the statement of comprehensive income
  • Study unit 3 Presentation of total comprehensive income
  • Study unit 4 The single-statement approach
  • Study unit 5 The two-statement approach
  • Study unit 6 Requirements applicable to both approaches
  • Study unit 7 Analysis of expenses
  • Study unit 8 Revenue
  • Study unit 9 Government grants
  • Study unit 10 Share based payments
  • Study unit 11 Foreign currency transactions

  • Study unit 1 Module Objectives
  • Study unit 2 Statement of changes in equity
  • Study unit 3 Statement of income and retained earnings
  • Study unit 4 The single-statement approach
  • Study unit 5 The two-statement approach
  • Study unit 6 Requirements applicable to both approaches
  • Study unit 7 Analysis of expenses

  • Study unit 1 Module Objectives
  • Study unit 2 Presentation of the statement of cash flow
  • Study unit 3 Reporting cash flows from operating activities
  • Study unit 4 Reporting cash flows from investing and financing activities
  • Study unit 5 Foreign currency cash flow
  • Study unit 6 Interest and dividends
  • Study unit 7 Income tax
  • Study unit 8 Non-cash transactions
  • Study unit 9 Components of cash and cash equivalents
  • Study unit 10 Other disclosures

  • Study unit 1 Module Objectives
  • Study unit 2 Structure of the notes
  • Study unit 3 Disclosure of accounting policies
  • Study unit 4 Information about judgements
  • Study unit 5 Information about key source of estimation uncertainty
  • Study unit 6 Accounting policies

  • Study unit 1 Module objectives
  • Study unit 2 Requirements to present consolidated financial statements
  • Study unit 3 Special purpose entities (SPEs)
  • Study unit 4 Consolidation procedures
  • Study unit 5 Intragroup balances and transactions
  • Study unit 6 Uniform reporting date and accounting policies
  • Study unit 7 Acquisition and disposal of subsidiaries
  • Study unit 8 Non-controlling interest in subsidiaries
  • Study unit 9 Disclosures in consolidated financial statements
  • Study unit 10:  Combined financial statements

  • Study unit 1 Module objectives
  • Study unit 2 Objectives, scope and definitions
  • Study unit 3 Identifying a business combination
  • Study unit 4 Identifying the acquirer
  • Study unit 5 Determining the acquisition date
  • Study unit 6 Consideration transferred in a business combination
  • Study unit 7 Recognition and measurement of the identifiable net assets acquired
  • Study unit 8 Disclosure

  • Study unit 1 Module objectives
  • Study unit 2 Investments in associates
  • Study unit 3  Investments in joint ventures

  • Study unit 1 Inventories
  • Study unit 2 Property, plant and equipment
  • Study unit 3 Intangibles
  • Study unit 4 Investment property
  • Study unit 5 Borrowing costs

  • Study unit 1 Employee benefits
  • Study unit 2 Leases
  • Study unit 3 Deferred tax
  • Study unit 4 Information about judgements
  • Study unit 5 Information about key sources of estimation uncertainty
  • Study unit 6 Provisions, contingent liabilities, contingent assets

  • Study unit 1 Module objectives
  • Study unit 2 Basic financial instruments
  • Study unit 3 Liabilities and equity

  • Study unit 1 Module objectives
  • Study unit 2 Related party transactions
  • Study unit 3 Construction
  • Study unit 4 Mineral resources
  • Study unit 5 Agriculture
  • Study unit 6 Other guidance

  • Study unit 1 Module objective
  • Study unit 2 Structure of the notes
  • Study unit 3 Disclosure of accounting policies
  • Study unit 4 Information about judgements
  • Study unit 5 Information about key sources of estimation uncertainty
  • Exam Preparation
  • Exam Attempt

Meet your Academy One Presenter:

Caryn Maitland

Caryn Maitland graduated in 1998 from the University of Natal, Pietermaritzburg (now UKZN), with a B.Comm honours degree in Accounting and completed her articles with KPMG in 2001. She qualified as a Chartered Accountant (SA) and is a registered member of IRBA. Caryn has lectured Auditing and other second and third year subjects for Varsity ...
Read More

Payment Options:

Pay in full:

  • Pay in full before the course starts with a credit / debit card or via eft.

Finance:

  • You can buy this on credit. If you pay with Mobicred, you can repay the full amount in monthly affordable instalments, instead of all at once.
  • If you are new to Mobicred, inorder to pay using Mobicred you'll first need to apply for a Mobicred account.
  • Your Mobicred application will be processed in 1 business day once all required documents have been submitted. We will reserve your space until the application comes back.
  • Once you have a Mobicred account you can use it to pay through PayU, our payment partner, to complete your order.
  • The On Credit amount shown is based on 12 monthly repayments (including interest charged at 20.50% (Annual interest subject to change) per year and excluding Mobicred's set-up and service fees). Click here to open a Mobicred account.

Employer

If you are currently employed there is always the option for the employer to pay for your course as there are various benefits to your employer. Please contact me so I can further assist you with this option by replying to the e-mail or phoning me.

AO Finance

If you don’t qualify for credit, you can still pay for some options over instalments via debit order only.

 

From R 2,875.00

Duration: 3 months

Language: English

Includes:

  • 112 Lectures
  • All materials
  • Exams

ENROL NOW

PROSPECTUS

Download IFRS for SMEs Prospectus

Fill out this form to download IFRS for SMEs Prospectus

You have Successfully Subscribed!

Download Financial Accounting Programme Prospectus

Fill out this form to download Financial Accounting Programme Prospectus

You have Successfully Subscribed!

Download Accounting for School Governance Prospectus

Fill out this form to download Accounting for School Governance prospectus

You have Successfully Subscribed!

Download Introduction to Corporate Governance Prospectus

Fill out this form to download Introduction to Corporate Governance prospectus.

You have Successfully Subscribed!

Download Basic Principles of Financial Statement Analysis and Interpretation Prospectus

Fill out this form to download Basic Principles of Financial Statement Analysis and Interpretation prospectus.

You have Successfully Subscribed!

Download Advanced Corporate Law and Securities Law Prospectus

Fill out this form to download Advanced Corporate Law and Securities Law Prospectus.

You have Successfully Subscribed!

Download Business Rescue Practice Prospectus

Fill out this form to download Business Rescue Practice prospectus.

You have Successfully Subscribed!

Download Office Administration Programme (ICB) Prospectus

Fill out this form to download Office Administration Programme (ICB) prospectus.

You have Successfully Subscribed!

Download Practical Bookkeeping Prospectus

Fill out this form to download Practical Bookkeeping Prospectus

You have Successfully Subscribed!

Download National Diploma Financial Accounting prospectus

You have Successfully Subscribed!

Download IFRS for SMEs prospectus

You have Successfully Subscribed!

Download IFRS prospectus

You have Successfully Subscribed!

Download ISA prospectus

You have Successfully Subscribed!

Download National Certificate Generic Management prospectus

You have Successfully Subscribed!

Share This