Bodies Corporates - Annual Financial Statements Template 2024

Price:
R422.05 (VAT Incl.)
Level:
Accounting professionals
Sub-level:
Bodies Corporate
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


In early 2023, SAICA published an updated set of illustrative financial statements for body corporate entities.
The Sectional Titles Schemes Management Regulations make it a requirement to incorporate additional disclosures in a set of financial statements, and SAICA’s illustrative financial statements attempt to provide suggested examples of how those disclosure requirements can be met.
• Identify, discuss and simplify the disclosure requirements that are to form part of a body corporate’s financial
• statements from relevant Prescribed Management Rules in the STSM Regulations
• Navigate through SAICA’s illustrative set of financial statements
• Identify how SAICA’s illustrative set of financial statements has addressed the specific disclosure requirements
• Provide suggested examples of how the disclosure requirements can be met over and above the examples set out
• in SAICA’s illustrative financial statements, where possible
• Discuss any changes from the previous draft version of SAICA’s illustrative set of financial statements for body
• corporates, published end of 2021.