Accounting for Farming 2024
Available from
30 April, 2024
CPD
3
Course Category:
Financial Reporting
Accounting for farm operations involves unique challenges due to the biological nature of assets like livestock and crops. April 2024
Category: Financial Reporting
R 375 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:Â
- Comprehensive understanding of the requirements outlined in IFRS and IFRS for SMEs concerning accounting for biological assets.
- Insight into the practical considerations and challenges involved in preparing informative financial information for farmers, including additional disclosures and annexures such as a farming statement.
- Understanding of the disparities between the accounting and taxation ramifications associated with farming.
- Proficiency in producing financial statements that adhere to both IFRS and IFRS for SME standards.
- Awareness of the VAT implications pertinent to farming practices.
Description
Accounting for farm operations involves unique challenges due to the biological nature of assets like livestock and crops. Accounting practitioners with clients who are involved in agriculture need to possess specialised accounting knowledge on how to account correctly for their clients’ operations.Â
In this webinar, we are pleased to feature Caryn Maitland CA(SA), an expert in the field, who will offer practical advice for accountants. The session will cover best practices and critical aspects of accounting that are specific to the agricultural industry.Â
Price
The following pricing apply:
Adhoc: R375.00
Content:
The webinar will cover the following topics: 
- IFRS 41 Agriculture and IFRS 13 Fair Value Measurement
- IFRS for SME’s Section 13 Inventory and Biological Assets)
- S26 Income Tax Act
- First Schedule of Income Tax Act
- VAT Act relevant to farming
Certificate
The following CPD is awarded 3 Units Financial Reporting.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Caryn Maitland CA(SA)
Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.
Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014. Caryn is also involved with the annual SAICA SMP Technical tour.
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