Inventory and impairment errors inflate profit quietly. This session explains how these mistakes happen and how to stop them.
How to get this session: CIBA members access it through their channel, log in and find it under My CPD. Not a member yet? Buy this single session, or join CIBA to unlock your full channel
R345,00 VAT incl.
Inventory and impairment are two of the fastest ways to distort financial results. Costs are included incorrectly. Write downs are delayed. Impairment indicators are ignored. This session focuses on how Sections 13 and 27 of IFRS for SMEs apply in real situations. Attention is given to net realisable value, impairment triggers, and the impact on profit and assets. Understanding these areas reduces the risk of overstated inventory, delayed losses, and uncomfortable questions during review or audit. This session strengthens judgement in areas where pressure to protect profit often leads to poor decisions.
Prof. Cobus Rossouw
Associate Professor in Financial Accounting at the University of the Free State. Specialises in IFRS and the IFRS for SME’s, with a focus on research and professional training for accountants.
+27 (0) 12 643 1800/2/4 ciba@myciba.org www.myciba.org
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