Attending the course and successfully completing the post-assessment, will grant you
3 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Inventory is something almost all businesses have, be it in the form of consumables or goods sold by retailers, or even internally produced.
Even entities providing services are required to keep track of their “cost of sales”, which is dealt with in this section of IFRS for SMEs.
This session focuses on inventory from the SMEs standard, and will help you understand inventory costing, closing valuation and impairment.
Session 7:
• Section 13: Inventories:
o What types of costs may form part of inventory-costing
o Measurement of cost
o Inventory write-downs
o Disclosure
Financial managers
Auditors
Bookkeepers
Financial accountants
First year SAICA Trainees
Audit managers
Audit partners
Engagement Quality Control Reviewers
