Course Detail(A033 : FRS 12 Income Taxes)

A033 : FRS 12 Income Taxes

3.50 CPE Hours (Category 1)
Classroom

Programme Objective

This programme provides an overview of FRS 12 Income Taxes with several illustrative examples to explain the application of the requirements of FRS 12. To anchor an understanding of the application of the standard, the programme explains the rationale for the tax base approach and complex requirements in the standard. Building on the conceptual explanations, detailed computational examples are given to illustrate specific applications of the standard. The programme also highlights some potential changes on deferred tax accounting arising from projects on the International Accounting Standards Board’s agenda.

Programme Outline

Particular issues that will be dealt with during the programme include:

  • Tax base and the tax balance sheet
  • Taxable temporary differences relating to
    • Business combinations
    • Initial recognition of an asset or liability
    • Assets carried at fair value
    • Goodwill
  • Deductible temporary differences relating to
    • Initial recognition of an asset or liability
  • Accounting for deferred tax assets
  • Measurement of deferred tax liabilities and deferred tax assets
  • Presentation and disclosure issues
  • Proposed changes in ED IAS 12


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Practising or Non-Practising Account and Audit Professionals.

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

12 Nov 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Low See Lien

Date & Time

14 Dec 2018 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Low See Lien

Date & Time

12 Dec 2017 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Low See Lien

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Low See Lien
Corporate Advisory Director, Assurance

Nexia TS Public Accounting Corporation
 

See Lien is an Assurance Director with more than 10 years of professional experience. His clients included listed companies, multinational companies and statutory boards. His industries experience consists of oil and gas, technology, manufacturing, media and communication and retail.
 
He was previously from a Big 4 accounting firm. During the time with his previous employer, he was seconded to the United States for 18 months and from this secondment, he has gained extensive knowledge of US reporting requirements, including the Sarbanes-Oxley Act.
 
Credentials
  • Bachelor of Accountancy, Nanyang Technological University
  • Member of the Institute of Singapore Chartered Accountants
 

Programme Objective

This programme provides an overview of FRS 12 Income Taxes with several illustrative examples to explain the application of the requirements of FRS 12. To anchor an understanding of the application of the standard, the programme explains the rationale for the tax base approach and complex requirements in the standard. Building on the conceptual explanations, detailed computational examples are given to illustrate specific applications of the standard. The programme also highlights some potential changes on deferred tax accounting arising from projects on the International Accounting Standards Board’s agenda.

Programme Outline

Particular issues that will be dealt with during the programme include:

  • Tax base and the tax balance sheet
  • Taxable temporary differences relating to
    • Business combinations
    • Initial recognition of an asset or liability
    • Assets carried at fair value
    • Goodwill
  • Deductible temporary differences relating to
    • Initial recognition of an asset or liability
  • Accounting for deferred tax assets
  • Measurement of deferred tax liabilities and deferred tax assets
  • Presentation and disclosure issues
  • Proposed changes in ED IAS 12


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Practising or Non-Practising Account and Audit Professionals.

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Low See Lien
Corporate Advisory Director, Assurance

Nexia TS Public Accounting Corporation
 

See Lien is an Assurance Director with more than 10 years of professional experience. His clients included listed companies, multinational companies and statutory boards. His industries experience consists of oil and gas, technology, manufacturing, media and communication and retail.
 
He was previously from a Big 4 accounting firm. During the time with his previous employer, he was seconded to the United States for 18 months and from this secondment, he has gained extensive knowledge of US reporting requirements, including the Sarbanes-Oxley Act.
 
Credentials
  • Bachelor of Accountancy, Nanyang Technological University
  • Member of the Institute of Singapore Chartered Accountants
 

Upcoming Schedule

Registration is closed

Date & Time

12 Nov 2019 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Low See Lien

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537