This one-day course provides a concise yet practical guide to IFRS for SMEs, focusing on how to apply
specific sections effectively. The course is designed to help participants quickly identify when a section applies, simplify recognition criteria, and clarify initial and subsequent measurement. Each topic will be covered in 20 to 30 minutes, offering just the right balance of theory and practical insights.

Participants will leave with a clear understanding of the scope, measurement, and recognition principles under IFRS for SMEs, with a focus on relevant disclosures and any proposed amendments to key sections.

• Identify relevant sections of IFRS for SMEs for specific transactions.
• Simplify recognition criteria to enhance understanding and application.
• Clarify initial and subsequent measurement to ensure compliance.
• Provide summaries of required disclosures to enhance transparency.
• Discuss proposed amendments related to each section where applicable.

Content:

• Section 3: Financial Statement Presentation
• Section 7: Cash Flow Statement
• Section 8: Notes to the Financial Statements
• Section 10: Accounting Policies, Estimates, and Errors Assets'
• Section 17: Property, Plant, and Equipment
• Section 13: Inventory
• Section 27: Impairment
• Section 11: Financial Instruments Liabilities
• Section 21: Provisions and Contingencies
• Section 20: Leases
• Section 23: Revenue
• Section 33: Related Party Disclosures
• Section 32: Events After the Reporting Period