Tax accounting is not the same as tax law — and mixing the two causes mistakes. This session explains how current and deferred tax must be accounted for under IFRS for SMEs Section 29.
R345,00 VAT incl.
Income tax accounting often causes confusion because it is incorrectly mixed with tax legislation. This session focuses purely on the accounting treatment of income tax and deferred tax as required by IFRS for SMEs Section 29. Delegates will gain a clear understanding of how current tax is recognised and measured, and why deferred tax exists in the financial statements. The session explains temporary differences in simple terms and shows how timing differences between accounting and tax create deferred tax assets and liabilities. The focus is on preparing technically correct financial statements that comply with the standard, rather than calculating tax payable under the Income Tax Act. By the end of the session, delegates will be able to apply Section 29 with confidence and avoid common reporting errors.
Nicolene Steenkamp
Guiding members through impactful educational programmes to achieve professional milestones.
By attending this event, delegates will learn:
The following event is awarded 3 CPD units in Accounting
+27 (0) 12 643 1800/2/4 ciba@myciba.org www.myciba.org
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