Overview

Handling liquidation and distribution accounts can be complex for tax practitioners, requiring a thorough understanding of the financial, regulatory, and ethical aspects involved. This hands-on webinar will guide participants step by step through the process, from preparing opening and closing journal entries to reconciling final distributions.

Using practical examples, we will break down the accounting and financial reporting requirements, ensuring practitioners can confidently prepare, review, and verify liquidation accounts in compliance with South African laws.

Participants will engage with real-world case studies and journal entries, gaining hands-on experience in recording assets, liabilities, creditor settlements, and final distributions. We will also address the assurance aspects of liquidation accounts, highlighting potential red flags and compliance risks. Ethical considerations, including conflicts of interest and transparency in reporting, will be embedded throughout the session to reinforce professional responsibility.

Webinar Content

1. Step-by-Step Accounting for Liquidations – A practical walkthrough of journal entries for opening balances, asset realisations, creditor settlements, and final distributions.
2. Compliance – Understanding the legal framework and its implications.
3. Assurance and Risk Considerations – Identifying key risk areas, common misstatements, and strategies to ensure compliance during the review process.
4. Ethical Dilemmas in Liquidation Cases – Navigating conflicts of interest, applying professional scepticism, and ensuring transparency in reporting.
5. Hands-On Case Study – Working through a complete liquidation and distribution account, from the initial journal entry to the final reporting step.

Competencies Developed

1. Practical Accounting Skills – Confidence in preparing liquidation journals and financial reports.
2. Regulatory Compliance – A clear understanding of the legal framework governing liquidations.
3. Risk and Assurance Awareness – Identifying and mitigating compliance and assurance risks.
4. Ethical Judgment – Applying professional ethics to real-world liquidation scenarios.
5. Problem-Solving Ability – Approaching liquidation cases with a structured and analytical mindset.

Presenter

Caryn Maitland

Caryn is a qualified CA (SA and RA), who has lectured extensively at the University of KwaZulu-Natal (and other institutes) where she lectured Advanced Financial Accounting. Since then, Caryn has specialised in facilitating ethics conversations, keeping assurance practitioners up to date and unpacking legislation for the financial sector.

She has conducted independent workshops and seminars for professional accountants since 2006 on various topics and has consulted on several technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer to those working within the accounting profession. Caryn is a technical advisor to various SAICA Eastern Region Districts as well as serving on various SAICA committees, such as the SAICA Eastern Region Council.

Since 2018, Caryn has worked extensively with commerce and industry, assisting analysts, directors, and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 2 hours of CPD.

Event Investment

Free for Tax Technician, Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R460.00
• Special rate for SAIT members:  R368.00
• Group booking discounts available when you register for a group.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested at registration if payment does not reflect in The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognized.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.