IFRS for SMES – Section 12 Other Financial Instrument Issues and Section 22 Liabilities and Equity

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22 July, 2020



Course Category:


July2020 To inform accountants on the provisions and the practical application of IFRS for SMEs Section 12 Other Financial Instrument Issues and IFRS for SMEs Section 22 Liabilities and Equity.

R 475 VAT Incl.

Product Information


By the end of this event the participant should:

  • Understand the scope of Sections 12 & 22 of the IFRS for SMEs standard;
  • Understand how to measure financial instruments under Section 12;
  • Have guidance on classifying an instrument as liability or equity; and
  • Know how to disclose the financial instruments covered.

Eligible to qualify for the SAIBA License in IFRS for SME

To read more about the SAIBA specialist license in IFRS for SME click here.

As specialist in the IFRS for SME you will be able to prepare financial statements that are compliant with the Companies Act, 71 of 2008. You will also be able to provide advisory services to other accountants and companies.

As specialist in the subject area you will stand out from the crowd and hence be able to attract more clients.


IFRS for SMEs Section 11 Basic Financial Instruments dealt with the accounting treatment relating to basic financial assets and financial liabilities of SMEs in their annual financial statements. 

This webinar on section 12 and 22 wants to delve into the more conceptual area of the distinction between liabilities and equity (i.e. correct classification of what credit-balance instrument would be a financial liability and when such an instrument would be classified as equity instead). It will also look at more complex financial instruments and how these should be accounted for and disclosed in the annual financial statements of an SME.


The following pricing apply:
Ad hoc: R475.00
Subscription: N/A


Study unit 1

Scope of Sections 12 and 22

Study unit 2

Other financial instruments covered under Section 12

Study unit 3

Measurement of Section 12 financial instruments

Study unit 4

Disclosure of Section 12 financial instruments

Study unit 5

Classifying an instrument as liability vs equity

Study unit 6

Disclosure under Section 22


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


Anton van Wyk M.Com, CA(SA) 

Anton van Wyk is a CA(SA) and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS).

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees.


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.

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