Financial Statements – The Impact of COVID-19

WHAT YOU WILL LEARN

By the end of this event the participant should:

• Be aware of the areas of the financial statements that will be affected by the pandemic, taking into account financial reporting issues and Companies Act considerations;
• Be aware of important considerations and disclosure related to going concern and subsequent events;
• Be able to assess the indicators of impairment relating to goodwill, tangible assets and financial assets; and
• Be able to see how the pandemic has affected fair values and market values.

DESCRIPTION

The 2020/2021 financial years have been very unusual and extremely challenging for many people including the accountant and his work! 

Drafting financial statements is not going to be “business as usual” this year. This pandemic has affected some areas of the financial statements and these need careful consideration. Some of these areas include, Companies Act matters, going concern, subsequent events and impairment of assets.

The event will ensure you understand the accounting and impact of the pandemic on estimates, provisions, restructuring, revenue, leases, forex and deferred Tax.

Before you draft your annual financial statements or those of your clients, join us for a webinar that highlights important areas requiring your attention.

PRICE

Adhoc – R475

Subscription Package – Accountant in Practice, Accountant in Practice plus Tax, Bookkeeper

CONTENT

Study Unit 1

The Companies Act and financial statements. 

Study Unit 2

Financial statements presentation and disclosure.

Study Unit 3

Financial statements for different external users. 

Study Unit 4

Dealing with complex transactions:

• Going concern and subsequent events.
• Impairment.
• Estimates.
• Provisions.
• Restructuring.
• Revenue.
• Leases.
• Forex.
• Deferred Tax..

Study Unit 5

Overall disclosure of financial statements. 

REQUIREMENTS

PRESENTER

Caryn Maitland CA (SA)

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:

•  Summarised slide presentation
•  Reference documents and / or course material where available
• Access to a technical knowledge base
• Recorded webinar that includes an expert presenter and participant interaction