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PFRS UPDATE: Learn to apply judgment on what to disclose in the notes to FS

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Event description
This webinar discusses a practical approach when making materiality judgment ensuring FS disclosures are much relevant to primary users.

About this event

Often, we are faced with a dilemma whether a certain item needs to be disclosed in the notes to financial statements (FS). Classifying and reporting certain transactions, events or amounts requires a “sound application” of professional judgement. The quality and integrity of the judgements made give rise to correct numbers being reflected in the financial statements. Ivan, I. (2016).

  • New ‘materiality’ definition
  • Materiality process
  • Applying materiality judgment (i.e., short case analysis)
  • Accounting policy vs. estimate
  • Significant accounting policy (SAP)
  • Amendments to PAS 1 Disclosure of material accounting policy information (MAPI)
  • Change in accounting estimate
  • Amendments to PAS 8: Definition of Accounting Estimates'

This webinar is for experienced auditors and FS preparers.

Course level: Intermediate

Order of the day

  • 09:30 – Attendance and check-ins
  • 10:00 – Webinar proper with quick breaks in between
  • 11:40 – Q&A
  • 11:50 – Kahoot games (with prizes)

It's best practice to check-in early to sort any technical issues.

Note: This webinar will not earn you CPD credit.

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Date and time

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Online event

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Refunds up to 7 days before event

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Organizer Jovani of Account2Things

Organizer of PFRS UPDATE: Learn to apply judgment on what to disclose in the notes to FS

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