Accounting for Deferred Taxation - Workshop 2016

This workshop aims to provide an overview on the recognition, measurement and presentation of deferred tax. The content will cover the identification and measurement of temporary difference for tax residents under Pioneer and Development & Expansion Incentive (DEI) status.

  • Overview of FRS 12 "Income Tax"

Recognition of Deferred Taxes

Step by Step approach

Temporary vs. Permanent Differences

Tax Base vs. Book Base

Tax rate

  • Deferred Taxes on complex issues

Tax holidays (Pioneer & DEI Status)

Investment Property

Share-based payments

Business Combinations

  • Uncertain tax Positions under FRS

Concept and Recognition criteria

Measurement of uncertain tax positions

Presentation of uncertain tax positions

  • Look ahead "Exposure draft on Income tax FRS 12 (R)"

Key changes in recognition and measurement of deferred taxes

Executive summary

Learning objectives

This workshop aims to provide an overview on the recognition, measurement and presentation of deferred tax. The content will cover the identification and measurement of temporary difference for tax residents under pioneer and DEI status. You will be introduced to deferred tax issues on share-based payments, investment properties and business combinations. Additionally the workshop will illustrate the highly complex area of uncertain tax positions under FRS, and will end with a look ahead to the key changes proposed by the new exposure draft on income tax under FRS 12 (R).

 

Trainer Profile

Michél Herrmann

Michel has over 11 years of experience in financial reporting and accounting advisory.  Prior to founding HERRMANN CONSULTING, Michel has worked for PwC (PricewaterhouseCoopers) in Germany and Singapore where he was in charge of the accounting advisory business. During his time with PwC, he worked on various assignments including tax planning, SFRS/IFRS conversions projects, technical accounting advise, IPOs, SEC filings and due diligences across a wide variety of clients. Michel is also a regular speaker in financial conferences and seminars and since fall 2010 a Professor for “Advanced Accounting And Auditing” at the private University of Friedrichshafen (Germany).   Michel received a master degree from the University of Mannheim. He is certified as a German CPA, German Tax Advisor, US CPA and CA Singapore.

Audience

This program is recommended for Finance Managers, Financial Accountants, Cost accountants, Management Accountants, Financial Auditors, Financial Analysts and users of financial statements.

1 day

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