CPD Sorted Bookit

Introduction to Inventory Costing

Venue

Online Live Stream

Date

Thursday 18 April 2024

Time

09:00 - 12:00 GMT+2

Information

Fundamentals of Inventory Costing
• This course is premised on the guidance that is contained in IAS 2 Inventories and will cover the following:
• Scope of IAS 2
• Definitions
• Complexities in accounting for inventory
• Transfer of risks and rewards
• Shipping terms
• Accounting issues
• Initial recognition
• Measurement
• Costs of purchase
• Costs of conversion
• Allocation of overheads – fixed and variable
• Other costs
• Specific techniques to measure cost
• Cost allocation methods
• Net realisable value
• Consignment inventory
• Relevant IFRIC Agenda Decisions
• Presentation and disclosure

Presenter

Raymond Chamboko

Raymond trained with Coopers & Lybrand and Ernst & Young, where his portfolio of clients included listed multinational entities, public interest entities as well as other significant unlisted entities. After leaving the profession, he worked in commerce as Financial Director within a listed group of companies.

He has been involved in IFRS implementation projects for JSE-listed and public interest entities and has, over the years, gained significant experience in the interpretation and practical application of IFRS. His industry experience includes, amongst others, Agri-processing, Manufacturing, Mining and Public Utilities (Power & Water). He is a co-author of the publications Applying IFRS for SMEs and Wiley Interpretation and Application of International Financial Reporting Standards 2011.

He has also been involved in managing Sustainability Reporting projects and more recently in Integrated Reporting projects as well as required in terms of the King Code of Governance Principles for South Africa 2009 (King III) and has been involved in commenting on the proposed Framework for Integrated Reporting and the Integrated Report discussion paper that was issued by the Integrated Reporting Committee of South Africa.

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CPD Units

3 units on full attendance

Price

R 700

Booking Deadline

Thursday 18 April 2024