IFRS for SME Update 2020

How to apply the IFRS for SMEs Standard in all circumstances.


After attending this webinar you will be able to:

  • Understand how to apply IFRS for SME.
  • Reference IFRS for SME in client consultations.
  • Present yourself as knowledgeable in IFRS for SME.
  • Become eligible to do the SAIBA license in IFRS for SME.


90% of all companies in SA prepare financial statements based on IFRS for SME. That means a huge demand for skills in IFRS for SME and for accountants that specialise in this standard.

Attend this webinar to gain an update to the latest application techniques and amendments to IFRS for SME, as well as an overview of the standard.


The following pricing apply:
Ad hoc: R575.00
Subscription: N/A.


Study unit 1


  • 2 Concepts and Pervasive Principles
  • 3 Financial Statement Presentation
  • 4 Statement of Financial Position
  • 5 Statement of Comprehensive Income and Income Statement
  • 6 Statement of Changes in Equity and Statement of Comprehensive Income and Retained Earnings
  • 7 Statement of Cash Flows
  • 8 Notes to the Financial Statements
  • 9 Consolidated and Separate Financial Statements
  • 10 Accounting Policies, Estimates and Errors
  • 11 Basic Financial Instruments
  • 12 Additional Financial Instruments Issues
  • 13 Inventories
  • 14 Investments in Associates
  • 15 Investments in Joint Ventures
  • 16 Investment Property
  • 17 Property, Plant and Equipment
  • 18 Intangible Assets other than Goodwill
  • 19 Business Combinations and Goodwill
  • 20 Leases
  • 21 Provisions and Contingencies
  • 22 Liabilities and Equity
  • 23 Revenue
  • 24 Government Grants
  • 25 Borrowing Costs
  • 26 Share-based Payment
  • 27 Impairment of Assets
  • 28 Employee Benefits
  • 29 Income Tax
  • 30 Foreign Currency Translation
  • 31 Hyperinflation
  • 32 Events after the End of the Reporting Period
  • 33 Related Party Disclosures
  • 34 Specialised Activities
  • 35 Transition to the IFRS for SMEs
Study unit 2

Scope and application.

  • Who is eligible to use the IFRS for SMEs?
  • Key features of the IFRS for SMEs
  • Accounting treatments disallowed under the IFRS for SMEs
  • Topics that have been omitted from the IFRS for SMEs
  • Recognition and measurement simplifications
  • Reductions in disclosure requirements
  • Effective date and transition
  • Main simplifications to the recognition and measurement principles in full IFRSs
Study unit 3

Amendments to IFRS for SMEs

  • S4 – Statement of Financial Position.
  • S5 – Statement of Comprehensive Income and Income Statement.
  • S9 – Consolidated and separate Financial Statements.
  • S11 – Basic Financial Instruments.
  • S17 – Property, Plant and Equipment.
  • S19 – Business Combinations and Goodwill.
  • S20 – Leases
  • S22 – Liabilities and equity.
  • S26 – Share-based Payment.
  • S29 – Income Taxes.
Study unit 4


  • Important sections causing the most challenges


There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date


Caryn Maitland CA(SA)   

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.
Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.


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.

R 575 VAT Incl.

Additional Course Information

Category Accounting
Accredited SAIBA
Verifiable CPD Hours 4
Non-verifiable CPD Hours N/A
Effort 4 hours
Duration 4 hours
Format Webinar
Level Moderate
Assessment Yes
Study Material No
Course Date 10 June, 2020
SKU CPD200039M Categories ,

Who should attend?

Business Accountant (SA)

Business Accountants in Practice (SA)

Certified Business Accountant (SA)

This event is included in the following subscription packages:

If you are not a subscriber, you need to purchase the event as a stand-alone event or subscribe to a SAIBA subscription package.

How to subscribe

Subscribers pay less for their CPD points.
SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice.

Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax.






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