IFRS for SMEs (3rd Edition) Masterclass Webinar Series (Started 12 May 2025)

The IFRS for SMEs Standard (3rd Edition) was officially released on 27 February 2025 and is effective for financial periods beginning on or after 1 January 2027. Are you ready?

Join us for a comprehensive and practical Masterclass series designed to help auditors, accountants, reviewers, and preparers of SME financial statements navigate the changes with confidence. This 5-part CPD-accredited webinar series is perfect for professionals, with a working knowledge of IFRS or IFRS for SMEs being helpful.

Format:

5 x 2-hour live online sessions

Interactive Q&A, real-world examples, digital resources

Time: Mondays @ 14:00

Cost: R2,450 per delegate

Live Session Dates: 

• 12 May 2025

• 23 June

• 14 July

• 18 August and

• 8 September

If you would like to join us:

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Masterclass Breakdown:

Session 1: Foundations and Key Concepts (12 May 2025)

Purpose & scope of IFRS for SMEs

Overview of major updates in the 3rd Edition

Section 2: Concepts and Pervasive Principles

Section 3: Financial Statement Presentation

Section 10: Accounting Policies, Estimates & Errors

Section 29: Income Taxes

Session 2: Assets – PPE & Related Topics (23 June 2025)

Section 17: Property, Plant & Equipment

Section 16: Investment Property

Section 34: Biological Assets

Section 18: Intangible Assets & Goodwill

Section 20: Leases (unchanged from prior edition)

Session 3: Financial Instruments, Fair Value & Revenue (14 July 2025)

Section 11: Financial Instruments (updated)

Section 12: Fair Value Measurement (new, aligned with IFRS 13)

Section 23: Revenue from Contracts with Customers (aligned with IFRS 15)

Session 4: Liabilities, Foreign Elements & Employee Costs (18 August 2025)

Section 21: Provisions & Contingencies

Sections 11 & 24: Borrowings and Government Grants

Sections 30 & 31: Foreign Currency and Hyperinflation

Section 28: Employee Benefits

Key disclosure requirements across applicable sections

Session 5: Group Accounting, Transition & Implementation Challenges (8 September 2025)

Section 19: Business Combinations and Goodwill

Section 9: Group Accounting

Section 35: Transition to the 3rd Edition

Practical considerations and implementation timelines

Application issues and real-world examples

Extended Q&A and wrap-up

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