CIBA CPD · Specialisation course
Become the bookkeeper a contractor can't afford to lose.
A contractor's books behave like no other client's: retention held back, revenue earned but not yet billable, and two VAT clocks running at once, under rules that changed when IFRS for SMEs was rewritten. Get it right and you become the bookkeeper a contractor cannot afford to lose. Get it wrong and profit is overstated, the VAT lands in the wrong period, and your client carries the risk.
CIBA recognised by SAQA, SARS & CIPC
10 CPD units (Accounting)
Certificate of completion
Built on IFRS for SMEs (3rd Edition)
Get a contractor's books right and you become the specialist they cannot afford to lose. Get it wrong and profit is overstated, VAT lands in the wrong period, and the client carries the risk. After this course you can:
Identify, classify, measure and treat the entries that recur in a contractor's books.
Apply the Section 23 five-step model the way a working practice does.
Handle the timing that trips up most bookkeepers, including the deferred VAT on retention.
Account for progress billings, contract assets and liabilities, variations, plant and payroll.
Produce the numbers the owner relies on, and spot a loss-making contract in time to act.
This course is for bookkeepers in practice who keep the books of one or more construction or contracting clients; employed finance and admin staff at a mid-sized South African contractor; accounting practice staff who prepare or review contractor clients' books; and bookkeepers comfortable with double-entry, the basics of VAT and a trial balance who now need to handle construction.
It assumes no prior construction knowledge. It is not an introduction to bookkeeping, and it is not a project-management or quantity-surveying course.
Self-paced and online on the CIBA learning platform. No set dates and no live sessions. One or two chapters a sitting works well; spread over about two weeks, the material sticks.
Start immediately and work through it in your own time, on any device.
Click an answer and see at once whether it's right, and why.
You follow Khumalo Build through every chapter, so it reads as one continuous story.
Every treatment uses the Third Edition, with South African VAT woven throughout.
Twenty-one chapters following the life of a construction contract, from the first source document on site to the reporting-date financial statements.
Master the one client type most bookkeepers get wrong, and become the specialist every contractor depends on.
No. The course assumes no prior construction knowledge. It is not a project-management or quantity-surveying course, and it is not an introduction to bookkeeping, you should be comfortable with double-entry, the basics of VAT and a trial balance.
Self-study. It is online and self-paced on the CIBA learning platform, with no set dates and no live sessions. You can start immediately.
About 21 hours across 21 chapters. A chapter a day or two, spread over roughly two weeks, works well.
A CIBA certificate of completion with 10 verifiable CPD units in construction accounting under IFRS for SMEs.
Bookkeepers with construction or contracting clients, finance and admin staff at contractors, practice staff who review contractor books, and bookkeepers moving into construction.
Yes. The R1 800 applies to everyone, members and non-members alike.
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