Bodies Corporates - Annual Financial Statements Template 2024

Price:
R422.05 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Bodies Corporate
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


In early 2023, SAICA published an updated set of illustrative financial statements for body corporate entities.

The Sectional Titles Schemes Management Regulations make it a requirement to incorporate additional disclosures in a set of financial statements, and SAICA’s illustrative financial statements attempt to provide suggested examples of how those disclosure requirements can be met.

  1. Identify, discuss and simplify the disclosure requirements that are to form part of a body corporate’s financial
  2. Statements from relevant Prescribed Management Rules in the STSM Regulations
  3. Navigate through SAICA’s illustrative set of financial statements
  4. Identify how SAICA’s illustrative set of financial statements has addressed the specific disclosure requirements
  5. Provide suggested examples of how the disclosure requirements can be met over and above the examples set out
  6. In SAICA’s illustrative financial statements, where possible
  7. Discuss any changes from the previous draft version of SAICA’s illustrative set of financial statements for body
  8. Corporates, published end of 2021.