Poor inventory control can wreck margins, trigger compliance nightmares, and leave accountants scrambling when SARS or auditors ask tough questions. This session equips you with the tools to get stock accounting right—no fluff, just practical guidance rooted in IFRS for SMEs and real-world stockroom chaos.
R345,00 VAT incl.
Whether you’re in practice or in commerce, stock management is where accounting theory hits the warehouse floor. If you’re tired of stock variances that don’t balance, mystery write-offs, or inventory reports that make no sense, this is for you.
We’ll take a deep dive into inventory accounting under IFRS for SMEs—explaining what matters, what’s misunderstood, and what will get you into trouble. From first principles to real-world practices, you’ll walk away ready to clean up messy stock ledgers, advise your clients (or internal teams), and tighten your month-end process.
This session is built for working professionals—expect clear explanations, practical examples, and usable templates. You’ll also gain confidence in managing physical stock counts, identifying shrinkage trends, and addressing internal control weaknesses before they turn into big financial holes.
By attending this webinar you will gain the following competencies:
1. What the Standard Says: Inventory under IFRS for SMEs
· When inventory becomes an asset—and when it doesn’t
· Costing methods: FIFO, weighted average, and what’s allowed
· Net realisable value and impairment: when to write it down
2. The Reality of Stock Management in Small Businesses
· Why most controls fail in the real world
· What a practical inventory policy looks like (you’ll get a sample)
· How to link physical stock procedures to accounting entries
3. Stock Counts and Stock Variances—A Practical Guide
· Preparing for a successful stock take (and why timing matters)
· Reconciling physical stock to accounting records
· Dealing with shrinkage, damages, and missing inventory
4. Turning Chaos into Order: Systems, Controls, and Advisory Opportunities
· Building internal controls around stock without overcomplicating things
· Spotting red flags in client stock processes (and turning that into billable advice)
· Stock management as a value-add service offering for accountants in practice
The following event is awarded 3 CPD units in Accounting.
+27 (0) 12 643 1800/2/4 ciba@myciba.org www.myciba.org
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