Price:
R549.24 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
IFRS for SMEs
Lecturer:
Tristan David-Crewe White
Duration:
150 Minutes
Additionals:
R549.24 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
IFRS for SMEs
Lecturer:
Tristan David-Crewe White
Duration:
150 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
When an entity - Makes mistakes in their financial statements - Decides to change their accounting policies, for e.g., going from Revaluation model to Cost model for PPE, or - Re-estimates a useful life or residual value, amongst other estimates,
- These events will all trigger the requirements of Section 10 of IFRS for SMEs, and management will be obliged to consider its implications. Section 10’s requirements will be simplified in terms of the following:
- Selection and application of accounting policies
- Consistency and changes of accounting policies
- Disclosures related to changes in accounting policies
- Changes in accounting estimates and disclosures that accompany changes
- Errors and disclosures that are required because of discovering errors