CPD: 3.5 hours
Cost: R 1200
The training will cover the following topics:
JSE Proactive Monitoring 2021 findings The
purpose of this section is to provide insight into the JSE Proactive
Monitoring findings for 2021 for consideration in the preparation of both
interim and year-end financial statements. Statement of cash flows – common errors In
this section we will provide insight into the most common errors that have
been identified in statements of cash flows and how to avoid these when
preparing financial statements. Tax rate change – impact
on financial reporting On 23 February 2022 Minister of Finance announced
the change in the corporate tax rate from 28% to 27% in the budget speech for
companies with years of assessment ending on or after 31 March 2023. In
response to this we will be providing insights on how this will affect
financial reporting for entities with different year-ends. This
session will focus on the following: Recent final IFRIC
agenda decisions In
this section, we will provide insight on the final IFRIC Agenda decisions and
how these may impact your financial statements. ESG disclosures The release of proposed IFRS Sustainability
Disclosure Standards signals a seismic change for global corporate reporting.
Under the governance of the IFRS Foundation, the newly formed International
Sustainability Standards Board aims to create a global baseline for
sustainability reporting that is focused on the needs of stakeholders. In this section, we will be focusing on the proposed
standards covering the general requirements for disclosure of sustainability-related financial information as well as climate-related disclosures. We will explore: Financial reporting in uncertain times In
response to the economic disruption following the floods in KZN and Ukraine
unrest, users of financial statements may require an understanding of the
impact of these events on a reporting entity. In
addition, users of financial statements may require an understanding as to
why these events did not have an impact on an issuer. In
this section, we will cover financial reporting disclosure requirements for
such once-off events.
These are unprecedented times we are facing during the COVID-19 outbreak. We find ourselves adapting to working from home and dealing with temporary closure of businesses, to name a few changes during the lockdown. Most entities are likely to be impacted (directly or indirectly) by COVID-19. As such, there are a number of potential accounting and disclosure implications to be considered for their financial statements.
This training focuses on some of the accounting and disclosure considerations that may have an impact on an entity’s financial statements.
In this training we will consider:
1) Whether COVID-19 is an adjusting or non-adjusting event
2) How the going concern assessment may be affected
3) Other various accounting topics that may need to be considered due to COVID-19.
We will also be sharing some resources and publications that KPMG has available to users.
Duration: 30 minutes
Price: Free of charge
The online training will be released in the week
beginning 14th April 2020.
- Teacher: Genevieve Naik
The IFRS 9 Financial Instruments course provides you with a basic understanding of IFRS 9. It also addresses areas of the standard that are more complex and/or require more judgement. The course consists of nine modules:
- Module 1: Scope and definitions (approximately 20 minutes)
- Module 2: Derivatives and embedded derivatives (approximately 20 minutes)
- Module 3: Equity and financial liabilities (approximately 20 minutes)
- Module 4: Classification (approximately 20 minutes)
- Module 5: Recognition and de-recognition (approximately 20 minutes)
- Module 6: Measurement (approximately 20 minutes)
- Module 7: Impairment (approximately 20 minutes)
- Module 8: Hedge accounting (approximately 20 minutes)
- Module 9: Offsetting and disclosures (approximately 20 minutes)
After completion of each module, a CPD certificate will be issued to you.
CPD hours: 3
A certificate will be issued after completion of every module. The CPD certificate will be available for download when all modules have been completed.
Price: R 450 (incl VAT) for all nine modules.
Please email dpptraining@kpmg.co.za should you have any questions or encounter any difficulties.
The IFRS 15 Revenue from Contracts with Customers: Smart Baseline course provides you with a basic understanding of IFRS 15. It also addresses areas of the standard that are more complex and/or require more judgement. The course consists of four modules:
- Module 1: Identify contract and separate performance obligations (approximately 30 minutes)
- Module 2: Determine and allocate transaction price (approximately 30 minutes)
- Module 3: Recognising revenue and contract costs (approximately 25 minutes)
- Module 4: Application guidance (approximately 25 minutes)
Each module consists of "Baseline" and "Beyond baseline" sections. After completion of the "Baseline" section in each module, a CPD certificate will be issued to you.
CPD hours: 2
The assessments have been included as a knowledge check after the completion of the "Baseline" and "Beyond baseline" sections in each module.
Price: R300 (incl VAT) for all four modules.
Please email dpptraining@kpmg.co.za should you have any questions or encounter any difficulties.
The IFRS 16 Leases: Smart Baseline course provides you with a basic understanding of IFRS 16.
It also addresses areas of the standard that are more complex and/or require more judgement.
The course consists of three modules:
- Module 1: Identifying a lease under IFRS 16 (approximately 50 minutes)
- Module 2: Lease accounting under IFRS 16 - Part 1 (approximately 45 minutes)
- Module 3: Lease accounting under IFRS 16 - Part 2 (approximately 20 minutes)
Each module consists of "Baseline" and "Beyond baseline" sections. After completion of the "Baseline" section in each module, a CPD certificate will be issued to you.
CPD hours: 2
The assessments have been included as a knowledge check after the completion of the "Baseline" and "Beyond baseline" sections in each module
Price: R300 (incl VAT) for all three modules.
Please email dpptraining@kpmg.co.za should you have any questions or encounter any difficulties.
