The new IFRS for SMEs (Third Edition) – Section 23: Revenue from Contracts with Customers

  • Presenter: Anton van Wyk CA(SA)
  • Level: Advanced
  • Study time: 2 Hours
  • Date: 8 September 2026
    08:00 - 10:00 
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Course overview

Revenue is the single most scrutinised number in any set of financial statements — and under the Third Edition of the IFRS for SMEs (2025), Section 23 has undergone some of the most significant changes in the entire Standard.

In this sixth webinar of our 2026 IFRS for SMEs Series, we unpack how the IASB has modernised the revenue requirements, aligning them more closely with the principles of (full) IFRS 15 while retaining simplifications suitable for SMEs. The updated guidance introduces a clearer, principle-based framework for recognising revenue, with increased focus on performance obligations, transfer of control, contract modifications, and variable consideration. This session will explore what these changes mean in practice — particularly for SMEs with long-term contracts, bundled goods or services, customer incentives, or performance-based pricing arrangements. We will highlight key judgment areas, transitional considerations, and common implementation pitfalls to avoid. If revenue drives your entity’s results — and it almost certainly does — this webinar is essential to ensure that your recognition policies, documentation, and disclosures align with the revised Section 23 and reflect the economic substance of your contracts with confidence.

In completing this learning engagement, you will have developed the following professional competencies indicated in the green section below:

What's included?

  • 1 Live event
  • 1 Quiz
  • 1 Certificate

New IFRS for SMEs Revenue from Contracts with Customers

Link with SAICA Competency Framework

  • Competencies covered in Technical competencies group, Enabling and future competency group and Professional values and attitudes competencies group