Financial Reporting Suite:Deferred Tax - Workshop 2019

The workshop seeks to equip workshop participants with an understanding of the deferred tax concept, accounting for deferred tax and its application.

My Offerings

Overview

The workshop seeks to equip workshop participants with an understanding of the deferred tax concept, accounting for deferred tax and its application.

Key Topics Covered:

1. FRS 12 – Income Taxes

  • Balance sheet liability method
  • Timing and temporary differences
  • Current and future tax consequences
  • Manner of recovery
  • Withholding taxes
  • Uncertain tax positions
  • Presentation and disclosure of current tax

2. Understanding the complexities of deferred tax computation

  • Locating the starting point?
  • Derive the tax base of an asset
  • Derive the tax base of a liability
  • Define tax base of a liability
  • What are the implications of temporary differences
  • Apply the exception rule
  • Determine the tax rate
  • Apply the offsetting rules
  • Perform a simple tax reconciliation
  • Perform a deferred tax proof
  • Perform group tax reconciliation
  • Impact of deferred tax for investment properties
  • Implications of deferred tax in group situations
  • Implications of government grants and decommissioning provisions
  • Implications of tax treatment for FRS 115 and 116

This workshop is part of the Financial Reporting Suite and is eligible for a 10% off workshop fees for sign-ups of 2 or more workshops in the suite. Enter code FRS19 at checkout.

Trainer Profile:

Oh Ai Sim


Ms Oh Has over 21 years of audit related experience with a big four accounting firm. Her portfolio of clients includes public listed entities and multinational corporations covering the following industries: retailing, manufacturing, trading, property development and construction. She also conducted in-house and client training covering FRS and audit related topics.

Objectives

  • Gain a practical understanding of the concepts and application of FRS 12 Income Taxes
  • Build a solid foundation in deferred tax accounting with the step-by-step guidance given by the Trainer

Audience

This workshop is suitable for Accountants, Financial Managers, Finance Controllers and anyone who is interested in the key SFRS requirements and its application

Details

91645247

1 day

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