2020 SAICA IFRS Update - Webcast
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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 2019 IFRS Update.

• Gain an understanding of the key accounting principles

• Obtain an update on the activities of the IFRS Interpretations Committee

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Overview

This year's half-day seminar will address COVID-19 and its impact on financial reporting, changes to IFRSs published in the past year as well as those effective from 2020 year ends and an update on the IASB's disclosure initiative.

The presenters will also reflect on the practical implementation issues arising from the application of IFRS 9 – Financial Instruments, IFRS 15 – Revenue from Contracts with Customers and IFRS 16 – Leases. Attend this year's session to hear more on these topics.

All the sessions scheduled for this year will be streamed on-line, meaning you can register for whichever session you would like to attend and wherever you are.

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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 - Training session commences
11:00 - Tea break
11:30 - Training session continues
13:00 - Training session concludes
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Topics
  • IASB Update
  • Amendments issued since July 2019
    • COVID-19-Related Rent Concessions: Proposed Amendments to IFRS 16
    • Accounting Policy Changes (Amendments to IAS 8)
    • Amendments to IFRS 17 Insurance Contracts 
    • Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37)
    • Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)
    • Taxation in Fair Value Measurements (Amendment to IAS 41)
    • Taxation in Fair Value Measurements (Amendment to IAS 41)
  • Practical implementation issues on IFRS 9, 15 and IFRS 16 
  • Agenda decisions from June 2019 to June 2020
  • Update - Disclosure initiative
  • COVID-19 and impact on financial reporting 
  •  Proposed pronouncements published
    • Goodwill and Impairment
    • General Presentation and Disclosure
  • List IFRSs and amendments to IFRSs effective from January 2020
    • Disclosure Initiative—Definition of Material (Amendments to IAS 1 and IAS 8)
    • IBOR Reform and its Effects on Financial Reporting—Phase 1
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Presenters

Raymond Chamboko CA (SA), JSE Registered IFRS Advisor, Director at W.consulting
Raymond has been involved in IFRS implementation projects for JSE-listed and public interest entities for a number of years and has, over the years, gained significant experience in the interpretation and practical application of IFRS. His industry experience includes, amongst others, Agri-processing, Manufacturing, Mining and Public Utilities (Power & Water). He has also consulted to the World Bank on capacity building on IFRS skills and monitoring in Southern Africa. He is a co-author of the publications Applying IFRS for SMEs and for a number of years was co-author of the internationally-renowned Wiley Interpretation and Application of International Financial Reporting Standards.

Raymond is a member of the IFRS Foundation's Small and Medium-Sized Entities Implementation Group (SMEIG) and of the Financial Reporting Investigations Panel of the Johannesburg Stock Exchange. He also serves on the Zimbabwe Accounting Practices Board and sits on the South African Institute of Chartered Accountants (SAICA) Legal & Compliance Committee.

Tapiwa Njikizana CA (SA), JSE Registered IFRS Advisor, Director at W.consulting
Tapiwa has over 20 years' experience in financial reporting and business consultancy. Internationally Tapiwa has worked in the United Kingdom and the Republic of Ireland. Tapiwa's experience includes exposure to large listed and public sector entities. Industry experience covers financial & professional services, mining, manufacturing, tourism, and transport amongst others.

Tapiwa currently serves on the board of a leading financial institution and chairs its audit committee. He was, until recently, a member of the Accounting Practices Committee (APC) of SAICA. Apart from being a member of SAICA and the Institute of Directors, Tapiwa is also a member of the Advancement of Black Accountants in Southern Africa (ABASA). Tapiwa has, in the past, served as a member of the GAAP Monitoring Panel (GMP) of the Johannesburg Stock Exchange, the predecessor body to the Financial Reporting Investigations Panel. Tapiwa was the recipient of the 2017 South African Professional Services Academy award in the Management Consulting class.

Blaise Colyvas CA (SA), JSE Registered IFRS advisor, Director at W.consulting

Blaise provides technical consulting services and training to clients, both locally and abroad. His areas of expertise include Generally Recognised Accounting Practice (GRAP), IFRS, IFRS for SMEs, International Public Sector Accounting Standards (IPSAS) and International Standards on Auditing (ISA). He previously worked at Grant Thornton as an Audit Manager, Gobodo Inc as a Senior Manager in the Technical Standards division, and at Protect a Partner International as Head of Accounting and Technical Excellence.

In March 2012 he was appointed by the South African Minister of Finance to serve as a board member of the Accounting Standards Board (ASB), the body responsible for developing and issuing Standards of GRAP for use in the South African public sector. In September 2015 he was elected Chairman of the Technical Committee of the ASB, and also served on the management committee of the Board. He has recently rotated out of these roles. Blaise serves on the Accounting Practices Committee of SAICA and this role as well as his previous roles provide him with very good insight on developments in the accounting field and their impact on the strategic thrust of companies.

Bridget Altenkirk CA (SA), JSE Registered IFRS advisor Bachelor of Law (LLB), Technical Manager at W.consulting

Prior to joining W.consulting, Bridget completed her articles with PwC with a focus on Telecommunication, Information and Entertainment clients. Subsequently, she worked as an IFRS Technical consultant at PwC's Capital Markets and Accounting Consulting Services division. In particular she has been involved in the implementation of the new revenue standard and filled the role of the secretary of the PwC Global ACS Revenue subgroup.

Bridget spent time working abroad and was involved in an IFRS implementation project at one of Australia's largest listed telecommunications companies. Bridget's IFRS knowledge and experience is diverse and extends across a number of different standards and industries. She provides technical consulting services and training on these standards, both locally and abroad.

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Dates And Venues
DateRegionVenueBooking
Tue, 06 OctWebcastWebcastFull
Thu, 26 NovWebcastWebcastFull
Thu, 1 DecWebcastWebcastFull
Wed, 9 DecWebcastWebcastFull
Thu, 28 Jan 2021WebcastWebcastReserve 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 4 CPD hours.
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How To Enrol

Reserve a place electronically.

Please note that telephonic reservations and enrolments are not accepted.

Book Online: Please note that the 'Book Online' button is disabled as you would need to be logged in to register for the event
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 337,00
Non-MemberR 405,00
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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
    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.
  4. Cancellations
    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 and R650 for paying events.
  5. 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.
  6. 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.
  7. 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
Telephone: 0861 072 422
Email: saica@saica.co.za

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Quick Nav
» Who Should Attend
» Benefits
» Overview
» Outline
» Programme
» Topics
» Presenters
» Duration
» Dates And Venues
» CPD
» How To Enrol
» Investment / Fee
» Terms And Conditions
» Contact Details

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