CPD Recording - IFRS for SMEs

Presenter

Mariëtte Muller-Sprout
View Presenter Profile here.

Course outline:

IASB issues a major update to the IFRS for SMEs Accounting Standard

The IASB issued the third edition of the IFRS for SME Accounting Standard on 27 February 2025. 
This update will affect most entities applying the standard. The new standard is effective for annual periods beginning on or after 1 January 2027.

This session explores the significant changes made to the Standard with specific focus on new accounting principles affecting recognition, measurement and disclosure and how you need to get ready for the implementation phase.

Content

TOTALLY NEW

• Section 2 Concepts and pervasive principles
• Section 11 Financial instruments
• Section 23 Revenue from contracts with customers

OTHER AMENDMENTS

• Section 9 Consolidated and separate financial statements
• Section 19 Business combinations other than goodwill
• Section 15 Joint arrangements

NEW SECTIONS ADDED

• Section 12 Fair value adjustments 

CLARIFICATIONS AND CONSEQUENTIAL AMENDMENTS

EFFECTIVE DATE AND TRANSITION REQUIREMENTS

Important to note:

• The course is open for 12 months and will then close
• A recording will be made available after the session. The recording will be available even if you were not able to join the session, and thus no refund will be applicable.
• Certificates will be issued on the date of assessment.