Webinar Training Course

Corporate Income Tax: Accounting for Deferred Taxes

Price: Firm/Group/Company - R2300.00 (VAT Incl.)
Individuals - R690.00 (VAT Incl.)
Price (MLU Subscriber): Firm/Group/Company - R1725.00 (VAT Incl.)
Individuals - R517.50 (VAT Incl.)
SAIT Members: Access your member discount with us by consulting the member instructions here BEFORE making a booking Here. Should you be unsure as to whether you have updated your profile correctly, please contact us BEFORE making a booking. NO MANUAL DISCOUNTS OR CREDITS WILL BE ISSUED.
Presenter: Mr Tristan White
Date: 24 Jun '22
Times: 09h00 - 12h00
Duration: 3
CPD Hours: 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.
Platform: Web Based (Online)
Contact Person: Tristan White
T:  011-886-1395
E:  gillian@probetatraining.co.za
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The submission and payment of Income Taxes are inevitable realities for companies and the professionals that are charged with the responsibility of handling the tax affairs of these entities. This course is the last in our three-part series, and aims to assist taxpayers and those charged with accounting records with understanding how to do a deferred tax calculation for accounting purposes. Please note that while these courses are presented as a series of related matters, they cannot be booked as a bundle and bookings are to be made for each course on its own.

This session will cover the following: • The requirements as set out in IAS12 for accounting for deferred tax with reference to the carrying values and tax values of relevant items: o Fixed assets, leases and investments o Inventory o Debtors and Creditors o Prepayments and Income received in advance o Provisions and Accruals • Permanent differences that may arise due to a continual mismatch between accounting and tax, such as exempt income • Accounting for and understanding the deferred tax movement, what it represents and where it fits in on the financial statements

Those charged with the responsibility of preparing financial records for companies, including tax professionals and financial officers or directors. Auditors will also benefit from this course, as it covers the same principles required when auditing the tax liability and expense.