Introduction

Agricultural businesses and farms are major contributors to the economy, but accounting for biological assets under IFRS for SMEs can be a compliance nightmare. If you’re getting it wrong, you’re exposing your clients (and yourself) to financial misstatements, tax headaches, and potential penalties. This CPD session is designed to give you practical, no-nonsense guidance on how to apply IFRS for SMEs to agriculture without wasting time on theory that doesn’t impact your work

Category: Accounting

Channel 2: Growth

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Information

Available from: 31 March 2025, 08:00

Format: Webinar

CPD Units: 3

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What will set you apart

By attending this webinar you will gain the following competencies

• How to correctly account for biological assets and avoid common financial reporting mistakes
• Revenue recognition for agriculture—when and how to record sales, even with long production cycles
• Fair value vs cost model—which one should you use, and what’s the impact on taxes?
• The SARS implications—what’s deductible, what’s not, and how to avoid disputes
• How to advise clients on financial and tax planning specific to farming and agribusiness

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Certificate

The following event is awarded 3 CPD units in Accounting.

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Presenter

Shaun Watson

Turning Accounting Expertise into Real-World Impact

Shaun Watson is a Chartered Accountant (SA) with a sharp focus on practical financial management, governance, and compliance—not just textbook theory. With a B.Compt, B.Acc Honours, and an H. Dip in Tax, plus experience as an auditor, audit manager, and senior lecturer, he knows what it takes to bridge the gap between accounting knowledge and real business success.

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Accounting Weekly

Please note reading Accounting Weekly articles count towards non-verifiable CPD.

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