IFRS for SMEs Section 21 Provisions and Contingencies 2020

In this webinar, we delve into the most important principles relating to the accounting treatment of liabilities in the annual financial statements


By the end of this event the participant should:

  • Understand the scope of IFRS for SMEs Section 21 Provisions and Contingencies.
  • Understand how and when to recognise provisions in the AFS;
  • Know how to measure provisions initially and subsequently;
  • Understand how to disclose provisions in the AFS; and
  • Know how to practically apply the Standard as a whole.


Several important principles and considerations exist relating to the recognition of provisions and the disclosure of contingent liabilities / assets in the annual financial statements. The recognition of a provision is not a matter of choice and should be carefully considered.

Section 21 of the IFRS for SMEs Standard titled Provisions and Contingencies fully covers how this is to be done correctly. Contingent liabilities and contingent assets are both covered in this Standard.

In this webinar, we delve into the most important principles relating to the accounting treatment of liabilities in the annual financial statements.

Join Anton van Wyk M.Com, CA(SA) on 18 February 2020 as he explains what IFRS for SMEs Section 21 Provisions and Contingencies is all about.

This webinar is part of a series on IFRS for SMEs. The series will cover selected IFRS for SMEs topics that every accounting professional should fully understand in their day to day work. If you are interested in booking for the entire series, click here.


Adhoc – R475

Subscription Package – N/A


Study Unit 1

Introduction to IFRS for SMEs Section 21 Provisions and Contingencies

Study Unit 2

What is excluded from the definition of “provision”?

Study Unit 3

Recognition of provisions – How and when?

Study Unit 4

Initial and subsequent measurement of provisions.

Study Unit 5

How to disclose provisions in the AFS


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 chartered accountant 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).


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 475 VAT Incl.

Additional Course Information

Category Accounting
Accredited SAIBA
Verifiable CPD Hours 2
Non-verifiable CPD Hours N/A
Effort 2 hours
Duration 2 hours
Format Webinar
Level Moderate
Assessment Yes
Study Material No
Course Date 19 February, 2020
SKU CPD200010M Categories ,

Who should attend?

Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA);

Accounting officers;

Tax practitioners; and


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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