Overview     

Accounting for farm operations involves unique challenges due to the biological nature of assets like livestock and crops. Accounting practitioners with clients who are involved in agriculture need to possess specialised accounting knowledge on how to account correctly for their clients' operations.  

In this webinar, we are pleased to feature Caryn Maitland CA(SA), an expert in the field, who will offer practical advice for accountants. The session will cover best practices and critical aspects of accounting that are specific to the agricultural industry.  

Join Caryn on 26 April 2024, from 10:00 a.m. to 12:00 p.m., as she goes into the specifics of farm accounting and considers the implications of deferred taxation on farming operations. 

 Learning objectives    

Attending this webinar will equip you with the following skills:  

• Comprehensive understanding of the requirements outlined in IFRS and IFRS for SMEs concerning accounting for biological assets. 

• Insight into the practical considerations and challenges involved in preparing informative financial information for farmers, including additional disclosures and annexures such as a farming statement. 

• Understanding of the disparities between the accounting and taxation ramifications associated with farming. 

• Proficiency in producing financial statements that adhere to both IFRS and IFRS for SME standards. 

• Awareness of the VAT implications pertinent to farming practices. 

Content    

The webinar will cover the following topics:  

• IFRS 41 Agriculture and IFRS 13 Fair Value Measurement 

• IFRS for SME's Section 13 Inventory and Biological Assets) 

• S26 Income Tax Act 

• First Schedule of Income Tax Act 

• VAT Act relevant to farming 

 Obtaining your CPD certificate   

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA.  

All attendees are issued with a CPD certificate available in an online profile.  

About the presenter   

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Who should attend?   

The following persons will benefit from attending this webinar:  

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.  

• Registered auditors.  

• Audit managers.  

• Trainee accountants.  

Price               

• R 450.00 - Online admission - Individual.  

• Group Price 1 - From R184 per person (up to 5 users)  

• Group Price 2 - From R121 per person (up to 10 users)  

• Group Price 3 - From R109 per person (over 11 users)  

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.  

Additional material   

By attending this webinar you will be provided with:  

• A summarised slide presentation.  

• Reference documents and/or course material where available.  

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.  

Corporate training solutions   

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

 Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.  

Contact us  

Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]