Course Detail(A271v : Deferred Tax Accounting: Understanding its Rationale and Application (Live Webinar))
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UTAP Funding

A271v : Deferred Tax Accounting: Understanding its Rationale and Application (Live Webinar)

7.00 CPE Hours (Category 1)
Live Webinar

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.
 

Programme Objective

This seminar aims to refresh your skills in applying the fundamental principles of FRS12/IAS12 and to provide practical approach in deferred tax accounting through case studies illustrations.

Programme Outline

  • Introduction
    • What is the objective of FRS 12?
    • What are income taxes?
    • What is the approach of FRS 12?
    • Recognition of current tax liabilities and current tax assets
  • Temporary differences
    • Why do we need to calculate deferred taxes?
    • What are temporary differences?
    • How do I calculate deferred tax?
    • Must a deferred tax liability always be recognised?
    • What is a tax base?
    • An example of how deferred tax liability is calculated
    • How does deferred tax affect assets carried at fair value?
  • Deferred tax in consolidated accounts
    • Fair value adjustments
    • Additional assets and liabilities that are recognized on consolidation
    • Initial recognition exceptions taken by the acquirer
    • Consolidation adjustments
    • Deferred tax asset arising from unrecognized tax losses of the acquiree
    • Deferred tax asset arising from unrecognized tax losses of the acquirer
    • Investments in subsidiaries, associates and joint ventures
  • Deferred tax assets
    • What are deferred tax assets?
    • When is a deferred tax asset recognised?
    • What is the criteria in assessing the probability that taxable profit will be available?
  • Measurement issues
    • What tax rates should one use to measure current and deferred taxes?
    • What are the tax consequences of dividends?
    • In what situations is tax charged to equity instead of the income statement?
  • Presentation and disclosure
  • Questions & Answers

 

Training Methodology

Lecture style, with Exercises/Case Studies.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 7.00 Hours

Schedule & Fees
Date & Time

18 Oct 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 381.50
For Non-Members: $ 458.89

Programme Facilitator(s)

Sardool Singh

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)


Sardool Singh
 
Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Updates of recent Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic.

Sardool is the Chief Financial Officer of an Investment Company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. His other working experiences included three years with KPMG Peat Marwick and a year with a Japanese merchant bank.
 

The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.
 

Programme Objective

This seminar aims to refresh your skills in applying the fundamental principles of FRS12/IAS12 and to provide practical approach in deferred tax accounting through case studies illustrations.

Programme Outline

  • Introduction
    • What is the objective of FRS 12?
    • What are income taxes?
    • What is the approach of FRS 12?
    • Recognition of current tax liabilities and current tax assets
  • Temporary differences
    • Why do we need to calculate deferred taxes?
    • What are temporary differences?
    • How do I calculate deferred tax?
    • Must a deferred tax liability always be recognised?
    • What is a tax base?
    • An example of how deferred tax liability is calculated
    • How does deferred tax affect assets carried at fair value?
  • Deferred tax in consolidated accounts
    • Fair value adjustments
    • Additional assets and liabilities that are recognized on consolidation
    • Initial recognition exceptions taken by the acquirer
    • Consolidation adjustments
    • Deferred tax asset arising from unrecognized tax losses of the acquiree
    • Deferred tax asset arising from unrecognized tax losses of the acquirer
    • Investments in subsidiaries, associates and joint ventures
  • Deferred tax assets
    • What are deferred tax assets?
    • When is a deferred tax asset recognised?
    • What is the criteria in assessing the probability that taxable profit will be available?
  • Measurement issues
    • What tax rates should one use to measure current and deferred taxes?
    • What are the tax consequences of dividends?
    • In what situations is tax charged to equity instead of the income statement?
  • Presentation and disclosure
  • Questions & Answers

 

Training Methodology

Lecture style, with Exercises/Case Studies.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate Level programme intended for Practising and Non-Practising Accountants and Auditors.

Competency Mapping

Category 1 = 7.00 Hours

Programme Facilitator(s)

Sardool Singh
 
Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Updates of recent Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic.

Sardool is the Chief Financial Officer of an Investment Company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. His other working experiences included three years with KPMG Peat Marwick and a year with a Japanese merchant bank.
 

Upcoming Schedule

Date & Time

18 Oct 2024 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)

For Members: $ 381.50
For Non-Members: $ 458.89

Programme Facilitator(s)

Sardool Singh

Venue

Online Classroom in or outside of
Singapore


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