IFRS for SMEs Agriculture and Biological Assets – 31 March 2025

Name: IFRS for SMEs Agriculture and Biological Assets - 31 March 2025 - cpd.myciba.org
SKU: ACC011
Price: 345.00 ZAR
Availability: InStock

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

Date:

31 March, 2025

Time:

08:00

Hours:

3 hours

CPD Units:

Category:

Accounting

Group:

Channel 2: Growth

Format:

Live Event

IFRS for SMEs Agriculture and Biological Assets - 31 March 2025

R345,00 VAT incl.

Product Information

Agriculture isn’t like other industries—its financial reporting has unique challenges, from the valuation of livestock and crops to revenue recognition and taxation. If you work with clients in farming, winemaking, or forestry, this session will equip you with the tools to get their financials right, ensure compliance, and position yourself as an expert in agricultural accounting. We’ll break down IFRS for SMEs Section 34 (Specialized Activities) in a way that makes sense—without the jargon.

Presenter/s

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.

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

Event breakdown

Overview of IFRS for SMEs and Agriculture – Where biological assets fit in financial reporting
Recognition and Measurement of Biological Assets – Fair value vs cost model: What works best?
Revenue Recognition for Agriculture – Long-term production cycles and timing of income
Practical Examples and Case Studies – Avoiding common pitfalls in agricultural accounting

This session is not about textbook definitions—it’s about what you actually need to know to stay compliant and provide real value to your clients.

Certificate

The following event is awarded 3 CPD units in Accounting.