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Chapter 16

Specialised entities and specialised

transactions

Outcome

By the end of this session you should be able to:

 account for events and transactions occurring in not-for-profit entities

®
 discuss the accounting treatments not allowable under the IFRS for SMEs
Standard

 discuss and apply simplifications introduced by the IFRS for SMEs Standard

 Identify when an entity may no longer be a going concern and outline
circumstances when a reconstruction may be an alternative to corporate
liquidation

 outline the appropriate accounting treatment required relating to reconstructions

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 16 of your Study Text

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