Construction Accounting for Bookkeepers: A Practical Specialisation Course for South Africans

Name: Construction Accounting for Bookkeepers: A Practical Specialisation Course for South Africans - cpd.myciba.org
Price: 1725.00 ZAR
Availability: InStock

The purpose of this course is to equip working bookkeepers to identify, classify, measure and treat every transaction in a construction contractor’s books correctly under IFRS for SMEs (Third Edition). It exists to remove the guesswork from contract revenue, retentions, work in progress, progress billings and construction VAT, so that a contractor’s accounts can be trusted by owners, accountants, auditors and SARS.

Date:

13 July, 2026

Time:

Available immediately

Hours:

20 hours

CPD Units:

Category:

Accounting

Group:

Channel 3: Specialisation

Format:

Self-study

Construction Accounting for Bookkeepers: A Practical Specialisation Course for South Africans

R1725,00 VAT incl.

Product Information

Retention held back. Payment certificates. Revenue you have earned but cannot yet bill. Two VAT clocks running at once. A contractor’s books behave like no other client’s, and the rules changed when the third edition of IFRS for SMEs rewrote how construction revenue is recognised.

Get it right and you become the bookkeeper a contractor cannot afford to lose. Get it wrong and the accounts overstate profit, the VAT lands in the wrong period, and your client carries the risk. This course makes sure you get it right, every time.

This course teaches construction bookkeeping the way it is done in a working practice. Across twenty chapters and a cumulative final assessment, you follow one running client, Khumalo Build (Pty) Ltd, through the full bookkeeping cycle adapted to construction, from source documents on site to contract-level financial statements. Every chapter ends with an interactive knowledge check, and every treatment is built on IFRS for SMEs (Third Edition) with South African VAT woven throughout.

The course is self-paced and online, pitched for a working bookkeeper. It runs to about 21 hours and earns 10 CPD units. One chapter every day or two works well; spread over about two weeks, the material sticks.

Who This Course Is For

This course is designed for:

Bookkeepers in practice who keep the books of one or more construction or contracting clients
Employed finance and admin staff in a mid-sized South African contractor
Accounting practice staff who prepare or review the books of contractor clients
Bookkeepers comfortable with double-entry, the basics of VAT and a trial balance who now need to handle construction

This course assumes no prior construction knowledge. It is not an introduction to bookkeeping, and it is not a project-management or quantity-surveying course.

Presenter/s

How this course work

Self-paced and online on the CIBA learning platform, with no set dates and no live sessions.
One or two modules a sitting works well; spacing them over a few weeks helps the material stick.
An interactive knowledge check runs through each module: click an answer and see at once whether it is right, and why.

What will set you apart

After completing this course, you will be able to:

Identify, classify, measure and treat every transaction that recurs in a contractor’s books.
Recognise construction revenue over time under the new Section 23 five-step model.
Handle the VAT timing that trips up most bookkeepers, including the deferred VAT on retention.
Account for retentions, progress billings, variations, contract assets and liabilities, plant and payroll.
Produce contract-level numbers the owner relies on, and spot a loss-making contract in time to act.

Event breakdown

The course follows the life of a construction contract, from the first source document on site to the reporting-date financial statements:

PART A · FOUNDATIONS

#	Chapter	Time
1	Introduction to Construction Bookkeeping	60 min
2	Source Documents on Site	60 min
3	Chart of Accounts for a Contractor	55 min
4	Double-Entry Refresher for Construction	45 min
5	The IFRS for SMEs Map: Section 23 for Construction	60 min

PART B · THE CONSTRUCTION TRANSACTION CORE

#	Chapter	Time
6	Contract Costs and Work-in-Progress	60 min
7	Recognising Revenue Over Time	75 min
8	Progress Billings and the Contract Asset or Liability	75 min
9	Retentions	55 min
10	Variations and Claims	50 min
11	Loss-Making Contracts and the Month-End	70 min

PART C · THE WIDER CYCLE, ADAPTED TO CONSTRUCTION

#	Chapter	Time
12	Construction Debtors, Creditors and Credit Management	65 min
13	Construction Cash Flow, Guarantees and Working Capital	70 min
14	Construction Budgeting and Cost Control	70 min
15	Plant, Equipment and Fixed Assets	60 min
16	Construction Payroll and Labour	65 min
17	Construction Financial Statements	75 min
18	Construction Tax Compliance	65 min
19	Technology and Job-Costing Tools	45 min
20	Internal Controls and Ethics on Site	55 min

FINAL

#	Chapter	Time
21	Cumulative Final Assessment	45 min

Total: approximately 21 hours 20 minutes · 10 CPD units.

Each chapter builds on the same running client, so the course reads as one continuous story rather than a set of disconnected topics.

Certificate

After completing the short course you will receive a CIBA certificate of completion with 10 verifiable CPD units in construction accounting under IFRS for SMEs.