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Local small and medium-sized companies are allowed to apply simplified accounting regulations (General Accounting Principles for Small and Medium-Sized Entities, commonly referred to as GAPSME), rather than International Financial Reporting Standards (IFRS), for accounting periods commencing on or after 1 January 2016. The seminar is aimed to provide attendees with a sound understanding of the applicability and application of General Accounting Principles for Small and Medium-Sized Entities (GAPSME) at both financial accounting and financial reporting levels, including awareness of the differences between IFRS and GAPSME, when presenting financial information to users.
The training course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit or financial reporting.
Participants are expected to have a solid understanding of basic accounting concepts, including double entry and basic financial reporting.
Friday 6th September 2019 & Friday 13th September 2019
13:45 – Registration
14:00 – 15:30 – Part 1
15:30 – 15:45 – Coffee Break
15:45 – 17:00 – Part 2
17:00 – 17:15 – Question time
6 core hours
- Overview of the Applicability of GAPSME
- In-Depth Analysis of Areas of Contrast Between IFRS and GAPSME – part 1
- In-Depth Analysis of Areas of Contrast Between IFRS and GAPSME – part 2
- Adoption of GAPSME