2021 SAICA IFRS Update - Seminar
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Who Should Attend

This seminar is aimed at preparers, auditors and users of financial statements that are prepared in accordance with IFRS and academics.

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Benefits
  • Gain an awareness of the amendments to IFRSs issued since the 2020 IFRS Update.
  • Gain an understanding of the key accounting principles, and the application thereof, of the IFRSs covered.
  • Obtain an update on the recent IFRS developments.
  • Obtain an update on the activities of the IFRS Interpretations Committee .
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Overview

What amendments to IFRSs will companies be impacted by from 2021 and beyond? How has Covid-19 and the social unrests impacted the companies financial statements? What projects are underway to help companies to effectively communicate financial information on their financial statements? Attend this year's virtual seminar where we will have these questions answered by walking you through the changes that have taken place within the financial reporting landscape.

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Outline

Although the seminar will be pitched at CPD knowledge level one i.e. delegates will be taken through the basics at high level. The nature of the update is to alert delegates to changes and is not meant to be an in-depth workshop on each standard/amendment to a standard.

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Programme

09:00 - 12:00
The programme will cover the following:

  • IASB project update
  • Amendments to IFRSs
  • IFRS Interpretations Committee Agenda decisions including
    • Configuration or Customisation Costs in a Cloud Computing Arrangement- IAS 38
    • Hedging Variability in Cash Flows due to Real Interest Rates- IFRS 9
    • Attributing Benefit to Periods of Service -IAS 19
    • Preparation of Financial Statements when an Entity is No Longer a Going Concern - IAS 10
    • Costs Necessary to Sell Inventories - IAS 2
  • Educational material published by the IASB - Effects of Climate Related Matters on Financial Statements
  • Better communication in Financial Reporting initiative
  • Updates made to the headline earnings circular - Circular 1/2021 – Headline Earnings
  • FAQ on Biological assets
  • Social unrests and impact on financial reporting
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Speaker

Chantal Sofiadellis CA(SA), Registered Auditor, General Tax Practitioner (SA)
Chantal is an Associate Director at Altimax. Her areas of specialism include IFRS, IFRS for SMEs, GRAP and IPSAS. She is responsible for technical opinions, accounting framework conversions, advisory solutions, technical training to Provincial Treasuries, the Auditor General, government business enterprises and municipalities and implementation of new accounting standards, with a specific focus on IFRS 9, 15 and 16 to private sector companies and State-owned Entities. She is specifically skilled in the application of asset management reforms in terms of IFRS, IPSAS and GRAP as well as International Standards on Auditing.

Marléne van Der Mescht CA(SA)
Marléne is a Senior Manager at Altimax. Her areas of specialism include IFRS, IFRS for SMEs, IPSAS and GRAP. She is responsible for technical opinions, accounting framework conversions and the implementation of new accounting standards to a wide portfolio of clients. For the past almost decade Marléne was responsible for technical training initiatives in her areas of specialism for several Provincial Treasuries, the Auditor General, public entities and municipalities across South Africa. Marléne is also the lead presenter for the South African Institute of Chartered Accountants (SAICA) highly successful IFRS for SMEs seminars.

Mariëtte Muller CA(SA), General Tax Practitioner (SA), Certified Empowerment Technician, Pastel Certified Trainer
Mariëtte is a Senior Manager at Altimax. Her areas of specialism include IFRS, IFRS for SMEs, GRAP, IPSAS, modified cash standards and taxation. She is responsible for technical opinions, accounting framework conversions and the implementation of new accounting standards to a wide portfolio of clients. For more than a decade Mariëtte was responsible for technical training initiatives in her areas of specialism for several Provincial Treasuries, public entities and municipalities across the country. She also serves a variety of public sector clients by implementing financial reporting and other turnaround solutions in their Budget and Treasury Offices.

Roelita Cloete CA(SA)
Roelita is a Manager in the Professional Practices Unit of Altimax. Her areas of specialism include IFRS, IFRS for SMEs, GRAP and IPSAS. She is responsible for technical opinions, accounting framework conversions and the implementation of new accounting standards to a wide portfolio of clients. For the past six years Roelita has been working as a lecturer and programme manager in the subject areas of management accounting, financial management, strategy and risk. She has received multiple teaching awards during her lecturing career, including the Top Lecturer award nationwide in her subject in 2020.

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Dates And Venues
DateRegionVenueBooking
Thu, 25 NovLivestreamLivestreamClosed
Wed, 1 DecLivestreamLivestreamClosed
Tue, 25 JanLivestreamLivestreamReserve a place
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CPD

SAICA's CPD policy has changed effective 1 January 2020 from an input measurement basis to an output measurement basis. Learning and the development of professional competence is unique to each member and should be aligned to your personal needs identified in your reflective learning plans. For further information and guidance, go to SAICA's CPD website. The competencies being addressed in this seminar are listed in the brochure.

As a result of the above, you will no longer be required to swipe your CPD card at events or to log hours with SAICA.

If you are required to log CPD hours (for instance if you are a SAICA Tax Practitioner or registered with other professional bodies or organisations such as the IOD, SAIPA, SAIT etc.), please note that this webcast affords you 3 hour CPD .

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How To Enrol

BOOKING ONLINE
Please note that the 'Book Online' button is disabled as you would need to be logged in to register for the event.

Please click on the link for assistance in navigating the seminars and events website for the booking process Guideline for website login.


Please note that telephonic reservations are not accepted.

Reserve a place electronically.

Please note that telephonic reservations and enrolments are not accepted.
Log in: To log in, you would need your username and password.
Register as a website user: If you are not a SAICA member or have never attended a SAICA event, you would need to register as a new user on the website. Your login details would be emailed to you and after you have updated your details you would then be able to register for the event.
Username and password: If you are a SAICA member or a non-member having attended a SAICA event previously, you would automatically have been assigned a username and password. If however, you have forgotten your username, please call the SAICA Contact Centre which will assist you.
Add multiple attendees: If you would like to add multiple attendees, you would be required to log in and have the ID numbers or SAICA numbers of the attendees you wish to register. If you enter an ID number that does not exist on the database, it is a quick process to register the delegate as a user first and then add them as an attendee.

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Investment / Fee
TypeAmount
MemberR 350,00
Non-memberR 450,00
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Terms And Conditions

Standard Terms and Conditions of Business

Introduction
These terms and conditions will apply to all bookings for a seminar or conference or workshop or webcast or similar event organised or to be organised by SAICA or any of its Representatives and marketed as such ('Event'). All bookings will be subject to a confirmation by SAICA and once confirmation of a booking has been sent the booking will be confirmed.
  1. Bookings and Confirmations
    1. Bookings can only be done online. Once submitted such booking shall be deemed to be confirmed and as such, SAICA's payment and cancelation terms as set in clauses 3 and 5 below shall apply.
    2. SAICA shall generate and send a tax invoice to the booked delegate as further confirmation of the booking.
    3. If an individual has booked an Event but does not receive an invoice until 3 (three) working days prior to the Event date, it is the responsibility of the individual to contact the SAICA Call Centre on 011 621 6600 or 0861 SAICA and follow-up on the booking.
  2. Payment and Refunds
    1. Payment for bookings shall be made in advance.
    2. The price of the Event will be the price displayed under the Fees section of the brochure. The price shall include Value Added Tax.
    3. After payment is made, individuals must submit their proof of payment, clearly stating the invoice number that appears on the invoice. Proof of payment should be emailed or faxed to the person whose name and contact details appear under the Contact Details section of the brochure or alternatively emailed to debtors.se@saica.co.za.
    4. Proof of payment must be submitted no later than 2 (two) working days prior to the date of an Event. Individuals who have booked within 7 (seven) or less working days prior to the date of an Event must produce proof of payment on the day of the Event unless proof of payment was submitted to, and receipt thereof was confirmed by, SAICA.
    5. Payment shall be made by electronic funds transfer, or direct deposit to a bank account to be designated on the invoice, or by credit card payment using the payment facility on the SAICA website.
    6. Individuals shall not be entitled to receive a refund of the Event fee except in circumstances where -
      1. there was an overbooking by SAICA;
      2. or the Event was cancelled.
  3. Cooling-off Period
  4. All payments by means of an electronic transaction shall be subject to section 44 (Cooling-Off Period) of the Electronic Communications and Transactions Act No 25 of 2002, as amended. As such, individuals shall be entitled to cancel this agreement without reason or penalty within 7 (seven) days after the date of the booking.
    1. If the cooling-off period under clause 7.1 does not apply, and a person is a consumer protected by the Consumer Protection Act No 68 of 2008 and the person makes a booking as a result of direct marketing, then that person shall be entitled (under section 16 (Consumer's right to cooling-off period after direct marketing) of the Consumer Protection Act) to cancel this agreement within five (5) business days after the date of the booking by completing and sending to SAICA the notice attached hereto as Annexure A.
  5. Cancellations
  6. Individuals wishing to cancel a booking must send a written cancellation notice to the person whose name and contact details appear under the Contact Details section of the brochure. Telephonic cancellations will not be accepted.
    1. All cancellations received less than 8 (eight) calendar days prior to the date of the Event shall incur a cancellation fee of 50% (fifty) percent of the Event fee.
    2. Individuals who have booked for an Event but fail to cancel, or transfer (in accordance with 7 below) or substitute (in accordance with 6 below) a booking shall remain liable for the booking and as a result thereof forfeit the Event fee.
    3. No cancellation fee shall be levied by SAICA on cancellation of a booking for reasons of death or hospitalisation.
    4. Failure to a) cancel within 4 working days of the event and/or; b) not show up at a free event; shall attract an administration fee of R350 free events.
  7. Substitutions
    1. Individuals are entitled to substitute bookings that have been confirmed. Only written substitution requests will be considered. Telephonic requests for substitution will not be accepted.
    2. A request for substituting an individual for another must be submitted to SAICA in writing 24 (twenty four) hours before the date of the Event. No late substitution requests will be considered. Requests for substitution must be sent to the person whose name and contact details appear in the Contact Details section below.
    3. Non-members who substitute a member will be liable for the difference between the member Event fee and non-member Event fee.
  8. Transfers
    1. Requests for the transfer of a booking to a different Event venue or Event date or different Event ('Transfer') shall be made in writing to SAICA. Requests for Transfers must be made to the person whose name and contact details appear in the Contact Details section below. Telephonic transfers will not be accepted.
    2. No charges will be levied for a Transfer unless a request for a Transfer is received 15 (fifteen) working days after the first booking, in which case an administration fee of R300 (three hundred rand) shall be charged..
    3. Transfer requests received within 3 (three) working days prior to the Event date shall be subject to a charge amounting to 50% (fifty percent) of the Event fee.

  9. Webcast disclaimer
  10. Whilst SAICA takes all reasonable steps to ensure that the access to the webcast is reliable and the webcast is of the highest quality and standard, SAICA will not be held liable for any mistakes, omissions, loss, or damage due to the use of the platform. We cannot provide any warranty or guarantee of any nature, express or implied in respect of the information within the webcast, the opinions of the presenters or perceived quality of the experiences or services rendered. Furthermore SAICA will not be held liable for the conduct of the host instructor or institution or any potential benefits not provided against information contained therein

  11. Protection of Personal Information (POPIA)

  12. Collection and Lawful Processing of Personal Information: SAICA respects your privacy and recognise the importance of protecting your privacy in respect of your personal information. By registering for this webinar we will collect or verify, and process your personal information mainly for the purpose of understanding your requirements and delivering our services accordingly. What Personal Information we collect and process: Upon your registration for this webinar we will collect or verify your personal information, including but not limited to your full name, membership number and contact details. Processing of Personal Information: The personal information we collect or verify will only be processed for the purpose it is collected for. Please follow this link for our complete Data Protection Notice. For our General Data Protection & Retention Policy and Privacy Policy please follow this link.

  13. Limitation of Liability
    To the extent allowed by law, SAICA shall not be liable to any person whatsoever in respect of any loss or damage caused by or arising from any fact or circumstance beyond the reasonable control of SAICA, or which is consequential or incidental or damage of whatever nature and howsoever arising from or in connection with any booking. To the extent allowed by law, SAICA's liability shall in any event and under all circumstances be limited to the refund of the Event fee.
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Contact Details

Event Administrator
Tel: 0861 072 422
Email: saica@saica.co.za
Website: www.saica.org.za

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