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Financial Reporting

The SAICA Companies Act Guide

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Educational material on illustrative examples on reporting uncertainties in the financial statements

2026Educational materialFinancial Reporting
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FAQ on understanding Zaronia

2025FAQFinancial Reporting
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FAQ on IFRS for SME's

Oct 2024FAQFAQs
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Circular 1/2023 – Headline Earnings

2023CircularFinancial Reporting
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SAICA Body Corporate Template – Illustrative Financial Statements – Explanatory Commentary

2023Illustrative Financial StatementsFinancial Reporting
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SAICA Body Corporate Template – Illustrative Financial Statements

2023Financial StatementsFinancial Reporting
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Frequently Asked Question on the Zimbabwe functional currency updated March 2022

2022FAQ
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Educational Material 14 - Presentation of Inventory write-offs and costs as a result of the civil unrest in South Africa

November 2021Educational materialFinancial Reporting
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Frequently Asked Question (FAQ) Applicability of IFRS 9 – Financial Instruments, IFRS 15 – Revenue from Contracts with Customers and IFRS 16 – Leases to entities applying the IFRS for SMEs Standard

September 2021FAQFinancial Reporting
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Frequently Asked Question (FAQ) Accounting for Subsequent Expenditure on Biological Assets in terms of IFRS for SMEs

March 2021FAQFinancial Reporting
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Pronouncement 1: Substantively enacted tax rates and tax laws under International Financial Reporting Standards and International Financial Reporting Standards for Small and Medium Enterprises

2021PronouncementFinancial Reporting
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Pronouncement 2: Accounting for Black Economic Empowerment (BEE) Transactions under International Financial Reporting Standards (IFRS)

2021PronouncementFinancial Reporting
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Pronouncement 3: Accounting for Black Economic Empowerment transactions under International Financial Reporting Standards for small and medium enterprises

2021PronouncementFinancial Reporting
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Pronouncement 4: The Limit On A Defined Benefit Asset, Minimum Funding Requirements and Their Interaction Under International Financial Reporting Standards (IFRS) in The South African Pension Fund Env

2021PronouncementFinancial Reporting
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Pronouncement 5: Summary Financial Statement

2021PronouncementFinancial Reporting
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Frequently Asked Question (FAQ) Accounting for Subsequent Expenditure on Biological Assets

December 2020FAQFinancial Reporting
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Educational material 10 - Application of IFRS standards in light of the coronavirus disease (COVID-19) Uncertainty -IFRS 9 Financial Instruments – Change in held-to-collect business models

May 2020Educational materialFinancial Reporting
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Educational Material 13 –  Application of IFRS Standards in light of the Coronavirus Disease (COVID-19) uncertainty –  Government Grants – IAS 20

May 2020Educational materialFinancial Reporting
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Educational material 12 - Application of IFRS standards in light of the coronavirus disease (COVID-19) Uncertainty -IFRS 9 Financial Instruments – modifications of financial liabilities

May 2020Educational materialFinancial Reporting
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Educational material 9 - Application of IFRS standards in light of the coronavirus disease (COVID-19) uncertainty – Issued financial guarantee contracts within the scope of IFRS 9 Financial Instrument

May 2020Educational materialFinancial Reporting
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Educational material 11 - Application of IFRS standards in light of the coronavirus disease (COVID-19) Uncertainty -IFRS 9 Financial Instruments – measurement of expected credit losses on trade receiv

May 2020Educational materialFinancial Reporting
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Educational Material 1 - Application of IFRS Standards in light of the Corona Virus Disease (COVID-19) Uncertainty – Events After the Reporting Period

April 2020Educational materialFinancial Reporting
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Educational Material 2 - Application of IFRS Standards in light of the Corona Virus Disease (COVID-19) Uncertainty – Going Concern

April 2020Educational materialFinancial Reporting
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Educational Material 3 - Application of IFRS Standards in light of the Corona Virus Disease (COVID-19) Uncertainty - Disclosure of judgements and sources of estimation uncertainty

April 2020Educational materialFinancial Reporting
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Educational Material 4 – Application of IFRS Standards in light of the Corona Virus Disease (COVID-19) Uncertainty – Borrowing costs IAS 23

April 2020Educational materialFinancial Reporting
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Educational material 5 - Application of IFRS Standards in light of the Coronavirus Disease (COVID-19) Uncertainty - IFRS 15 Revenue from Contracts with Customers

April 2020Educational materialFinancial Reporting
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Educational material 6 - Application of IFRS Standards in light of the Coronavirus Disease (COVID-19) Uncertainty -Onerous contracts IAS 37

April 2020Educational materialFinancial Reporting
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Educational material 7 - Application of IFRS standards in light of the Coronavirus Disease (COVID-19) Uncertainty – Potential implications on contingent consideration in a business combination where a

April 2020Educational materialFinancial Reporting
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Educational material 8 - Application of IFRS Standards in light of the Coronavirus Disease (COVID-19) Uncertainty –IAS 2 Inventories

April 2020Educational materialFinancial Reporting
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Circular 2/2020 – Recognition of Lease Income and Expense on a Basis other than the Straight Line Basis under IFRS 16 – Leases

March 2020CircularFinancial Reporting
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Frequently Asked Question (FAQ) on the Zimbabwe functional currency (Updated September 2019)

September 2019FAQFinancial Reporting
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Frequently Asked Question on Attorney’s Trust Accounts

January 2018FAQFinancial Reporting
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Circular 2/2017 – Determining Revenue/Purchases as a result of financing components

June 2017CircularFinancial Reporting
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IFRS for SMEs Illustrative Financial Statements for Close Corporations (included from page 84 to138 of the SAICA Close Corporations Guide)

May 2015Illustrative Financial StatementsFinancial Reporting
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Revised Guide on Pro Forma Financial Information (Revised and Issued September 2014)

September 2014GuideFinancial Reporting
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New consolidation standard - lessons learned from the first year of application (13 May 2014)

2021Financial Reporting
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Guide on Financial Reporting by Share Block Companies

June 2011GuideFinancial Reporting
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Circular 9/2007 - Statement of Generally Accepted Accounting Practice for Small and Medium-sized Entities (SMEs

2021CircularFinancial Reporting
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SAICA IFRS Back to Basics Series 4 Session 5

13 August - 21 August 2020Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 4 Session 4

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 4 Session 3

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 4 Session 2

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 4 Session 1

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 5 Session 5

24 August - 23 September 2020Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 5 Session 4

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 5 Session 3

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 5 Session 2

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 5 Session 1

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 6 Session 3

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 6 Session 4

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 6 Session 1

Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 6 Session 2

Video and RecordingFinancial Reporting
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Corporate Reporting "looking glass"

November 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

November 2020Video and RecordingFinancial Reporting
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SAICA IFRS Back to Basics Series 6 Session 5

2 October 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

October 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

September 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

August 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

July 2020Video and RecordingFinancial Reporting
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2020 Financial Reporting Update for Executives

July 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

June 2020Video and RecordingFinancial Reporting
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2020 Update from CIPC on the XBRL programme

June 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

May 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

April 2020Video and RecordingFinancial Reporting
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2020 Auditing accounting estimates arising from IFRS 15

March 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

March 2020Video and RecordingFinancial Reporting
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TechTalk Series -Corporate reporting and Assurance

February 2020Video and RecordingFinancial Reporting
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2020 SAICA IFRS Update Session 4 of 6

2020Video and RecordingFinancial Reporting
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2020 SAICA IFRS Update Session 5 of 6

2020Video and RecordingFinancial Reporting
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2020 SAICA IFRS Update Session 2 of 4

2020Video and RecordingFinancial Reporting
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2020 SAICA IFRS Update Session 1 of 3

2020Video and RecordingFinancial Reporting
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2020 SAICA IFRS Update Session 3 of 6

2020Video and RecordingFinancial Reporting
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2019 IFRS Update

12 November 2019Video and RecordingFinancial Reporting
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2019 JSE Monitoring Seminar

14 October 2019Video and RecordingFinancial Reporting
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Breakfast with Darrel Scott, Board

9 September 2019Video and RecordingFinancial Reporting
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2019 Financial Reporting update for executives

30 July 2019Video and RecordingFinancial Reporting
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IFRS for SMEs Back to Basics

March 2019Video and RecordingFinancial Reporting
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Auditing accounting estimates

2021Video and RecordingFinancial Reporting
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2018 IFRS Update

November 2018Video and RecordingFinancial Reporting
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Panel Discussion on the new insurance contracts standard

11 September 2018Video and RecordingFinancial Reporting
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Financial Reporting update for executives

21 August 2018Video and RecordingFinancial Reporting
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XBRL Panel discussion

2021Video and RecordingFinancial Reporting
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Auditing of Accounting Estimates (Click2Start)

2021Video and RecordingFinancial Reporting
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IFRS Update (Click2Start)

2021Video and RecordingFinancial Reporting
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2017 Engineering with CIPC on its XBRL Programme (Click2Start)

2021Video and RecordingFinancial Reporting
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2017 Breakfast with Darrel Scott on the new Insurance Contracts Standard (Click2Start)

2021Video and RecordingFinancial Reporting
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SAICA Submission on Tentative Agenda Decision on Classification of Income and Expenses from Cash and Cash Equivalents (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission on Tentative Agenda Decision Classification of Income and Expenses when an Entity Has a Main Business Activity (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission on Tentative Agenda Decision - Presentation of Operating Expenses (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission on Tentative Agenda Decision - Management-defined Performance Measures Public Communications (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission on Tentative Agenda Decision - Control Assessment for a Single-investor Fund (IFRS 10)

2026SubmissionFinancial Reporting
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SAICA Submission on Tentative Agenda Decision - Labels of Subtotals (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission on Exposure Draft – Consolidation Exception Proposed amendments to the IFRS for SMEs Accounting Standard

2026SubmissionFinancial Reporting
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SAICA submission on Expo Tentative Agenda Decision – Assessment of Specified Main Business Activities for a Manufacturer-Lessor (IFRS 18)

2026SubmissionFinancial Reporting
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Exposure Draft on Headline Earnings Circular

2026Exposure DraftFinancial Reporting
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SAICA submission - Fair Value Option for Investments in Associated and Joint Ventures

2026SubmissionFinancial Reporting
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SAICA submission - Tentative Agenda Decision – Reassessment of Control (IFRS 10)

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decision on Updates to Committee’s agenda decisions for IFRS 18

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decision on Presentation of Taxes or other charges that are not Income Taxes within the Scope of IAS 12 Income Taxes (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decision on Classification of Gains and Losses on a Derivative Managing a Foreign Currency Exposure (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decision on Scope of the requirement to disclose expenses by nature (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission – SAICA Submission – IFRIC Agenda Decision on Fair Presentation and Compliance with IFRS Accounting Standards (IAS 1)

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decision on Assessment of a Specified Main Business Activity for the purposes of the Separate Financial Statements of a Parent (IFRS 18)

2026SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decisions

2025SubmissionFinancial Reporting
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SAICA Submission – Request for Information – Post-implementation Review – IFRS 16 – Leases

2025SubmissionFinancial Reporting
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SAICA Submission – IFRIC Agenda Decisions

2025SubmissionFinancial Reporting
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SAICA Submission on IFRS Foundation Due Process Handbook

2025SubmissionFinancial Reporting
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SAICA Submission on Provisions – Targeted Improvements – Proposed amendments to IAS 37

2025SubmissionFinancial Reporting
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Exposure Draft: Proposed Amendments to the IFRS Foundation Due Process Handbook

2025Exposure DraftFinancial Reporting
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SAICA Submission on Equity Method of Accounting – IAS 28 Investments in Associates and Joint Ventures

2025SubmissionFinancial Reporting
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Provisions – Targeted Improvements – Proposed amendments to IAS 37 (Comment deadline – 12 March 2025)

2025Exposure DraftFinancial Reporting
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SAICA Submission on Climate-related and Other Uncertainties in the Financial Statements

2024SubmissionFinancial Reporting
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SAICA Submission on Amendments to IFRS 19 - Subsidiaries without Public Accountability

2024SubmissionFinancial Reporting
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SAICA Submission on Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21

2024SubmissionFinancial Reporting
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Equity Method of Accounting: IAS 28 – Investments in Associates and Joint Ventures ( Comment deadline – 20 January 2025)

2024Exposure DraftFinancial Reporting
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SAICA Submission on Business Combinations – Disclosures, Goodwill and Impairment – Proposed Amendments to IFRS 3 and IAS 36

2024SubmissionFinancial Reporting
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Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples ( Comment deadline – 28 November 2024)

2024Exposure DraftFinancial Reporting
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SAICA Submission – IFRS for SMEs - Addendum – 3rd Edition IFRS for SMEs Accounting Standard

2024SubmissionFinancial Reporting
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SAICA Submission on Contracts for Renewable Electricity –Proposed Amendments to IFRS 9 and IFRS 7

2024SubmissionFinancial Reporting
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Translation to a Hyperinflationary Presentation Currency : Proposed amendments to IAS 21 ( Comment deadline – 22 November 2024)

2024Exposure DraftFinancial Reporting
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Amendments to IFRS 19 – Subsidiaries without Public Accountability: Disclosures ( Comment deadline – 27 November 2024)

2024Exposure DraftFinancial Reporting
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SAICA Submission on Business Combinations - Disclosures, Goodwill and Impairment - Proposed Amendments to IFRS 3 and IAS 36

2024SubmissionFinancial Reporting
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Business Combinations – Disclosures, Goodwill and Impairment: Proposed amendments to IFRS 3 and IAS 36 (Comment deadline – 15 July 2024)

2024Exposure DraftFinancial Reporting
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Exposure Draft -Contracts for Renewable Electricity- Proposed amendments to IFRS 9 and IFRS 7 - (Comment deadline – 7 August 2024)

2024Exposure DraftFinancial Reporting
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IFRS for SMEs survey (Comment deadline – 31 May 2024)

2024SurveyFinancial Reporting
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IFRS for SMEs® Accounting Standard Addendum to the Exposure Draft Third edition of the IFRS for SMEs Accounting Standard ( Comment deadline – 31 July 2024)

2024Exposure DraftFinancial Reporting
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Financial Instruments with Characteristics of Equity - Proposed amendments to IAS 32, IFRS 7 and IAS 1 (Comment deadline – 29 March 2024)

2023Exposure DraftFinancial Reporting
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SAICA Submission on the Financial Instruments with Characteristics of Equity – Proposed Amendments to IAS 32, IFRS 7 and IAS 1

2024SubmissionFinancial Reporting
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Annual Improvements to IFRS Accounting Standards ( Comment deadline – 11 December 2023)

2023Exposure DraftFinancial Reporting
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SAICA Submission on Annual Improvements: Volume 11

2023SubmissionFinancial Reporting
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SAICA Submission on Post Implementation Review: IFRS 9: Financial Instruments: Impairments

2023SubmissionFinancial Reporting
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SAICA Submission on Post Implementation Review - IFRS 9 - Financial Instruments - Impairments

2023SubmissionFinancial Reporting
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SAICA Submission on Amendments to the Classification and Measurement of Financial Instruments : Proposed amendments to IFRS 9 and IFRS 7

2023SubmissionFinancial Reporting
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SAICA Submission on International Tax Reform Pillar Two Model Rules: Proposed amendments to IFRS for SME's

2023SubmissionFinancial Reporting
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Request for information on the Post-implementation Review IFRS 15 – Revenue from Contracts with Customers (Comment deadline – 27 October 2023)

2023Exposure DraftFinancial Reporting
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Request for information on the Post-implementation Review: IFRS 9 – Financial Instruments : Impairment (Comments deadline - 27 September 2023)

2023Exposure DraftFinancial Reporting
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International Tax reform- Pillar two model rules - Proposed Amendments to IFRS for SMEs Standard (Comment deadline -17 July 2023)

2023Exposure DraftFinancial Reporting
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Amendments to the Classification and Measurement of Financial Instruments (Comment deadline – 19 July 2023)

2023Exposure DraftFinancial Reporting
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SAICA Submission on International Tax Reform- Pillar Two Model Rules: Proposed amendments to IAS 12

10 March 2023SubmissionFinancial Reporting
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SAICA Submission on Exposure Draft Third edition of the IFRS for SMEs Accounting Standard

7 March 2023SubmissionFinancial Reporting
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International Tax Reform – Pillar Two Model Rules: Proposed Amendments to IAS 12

2023Exposure DraftFinancial Reporting
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Exposure Draft IFRS for SMEs® Accounting Standard : Third edition of the IFRS for SMEs Accounting Standard ( Comment deadline – 7 March 2023)

September 2022Exposure DraftFinancial Reporting
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ED 405 on Proposed revisions to the Headline earnings Circular

September 2022Exposure DraftFinancial Reporting
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SAICA Submission on JSE Consultation Paper – JSE Listings Review

20 June 2022SubmissionFinancial Reporting
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SAICA Submission on ED/2021/9 – Non-Current Liabilities with Covenants: Proposed Amendments to IAS 1

17 March 2022SubmissionFinancial Reporting
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SAICA Submission on ED/2021/7 – Subsidiaries Without Public Accountability: Disclosures

31 January 2022SubmissionFinancial Reporting
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SAICA Submission on ED/2021/3 – Disclosure Requirements in IFRS Standards – A Pilot Approach: Proposed amendments to IFRS 13 and IAS 19

14 January 2022Submission
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IFRS for SMEs Illustrative Financial Statements for Body Corporates

November 2021Exposure DraftFinancial Reporting
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