• Home

  • Documents

  • Accounting for deferred tax and uncertain tax positions - PwC€¦ · Accounting for deferred tax...
3
Accounting for deferred tax and uncertain tax positions PwC’s Academy Overview and benefits of attending Deferred tax has never been an accountant’s favourite subject – the combination of unusual terminology and the concepts of tax can leave those trying to account for deferred tax feeling confused and frustrated. Focusing on the fundamental concepts of deferred taxation, this workshop provides you with a basic understanding of FRS 12 and an overview of the experiences in dealing with tax accounting together with the practical approaches of applying the concepts to real life cases. Preparation is the key to stay on the top of more complex processes such as completing a tax accounting package as quickly and effortlessly as possible. Our tax and deferred accounting specialists will go beyond the basics to share with you issues and solutions, which will help you in: • Refreshing basic tax and deferred tax accounting concepts including a quick nine step balance sheet approach with case studies; • Getting up to speed on advanced and real life issues that companies encounter including –dealing with US GAAP to Stat differences, tax incentives, Fin 48 issues, etc; • Highlighting pitfalls to avoid –i.e. being aware of the most common areas of errors in tax and deferred accounting. Learning is achieved via theory, real-life examples and exercises, guided by our experienced trainers whom are practicing professionals working on deferred tax issues on a daily basis. Objective This workshop aims to enable participants to understand the basic deferred tax concepts and apply them to real life issues. A practical workshop to help you appreciate and tackle accounting issues surrounding deferred taxes Who should attend? CFOs, Finance Managers, Controllers, Supervisors, Accountants, Analysts, Investor Relations, Financial Planning, Procurement, Treasury, Investors and Internal Auditors at all levels

Accounting for deferred tax and uncertain tax positions - PwC€¦ · Accounting for deferred tax and uncertain tax positions PwC’s Academy Overview and benefits of attending Deferred

  • Upload
    dotuyen

  • View
    213

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Accounting for deferred tax and uncertain tax positions - PwC€¦ · Accounting for deferred tax and uncertain tax positions PwC’s Academy Overview and benefits of attending Deferred

Accounting for deferred tax and uncertain tax positions

PwC’s Academy

Overview and benefits of attendingDeferred tax has never been an accountant’s favourite subject – the combination of unusual terminology and the concepts of tax can leave those trying to account for deferred tax feeling confused and frustrated.

Focusing on the fundamental concepts of deferred taxation, this workshop provides you with a basic understanding of FRS 12 and an overview of the experiences in dealing with tax accounting together with the practical approaches of applying the concepts to real life cases.

Preparation is the key to stay on the top of more complex processes such as completing a tax accounting package as quickly and effortlessly as possible. Our tax and deferred accounting specialists will go beyond the basics to share with you issues and solutions, which will help you in:

• Refreshing basic tax and deferred tax accounting concepts including a quick nine step balance sheet approach with case studies;

• Getting up to speed on advanced and real life issues that companies encounter including –dealing with US GAAP to Stat differences, tax incentives, Fin 48 issues, etc;

• Highlighting pitfalls to avoid –i.e. being aware of the most common areas of errors in tax and deferred accounting.

Learning is achieved via theory, real-life examples and exercises, guided by our experienced trainers whom are practicing professionals working on deferred tax issues on a daily basis.

Objective

This workshop aims to enable participants to understand the basic deferred tax concepts and apply them to real life issues.

A practical workshop to help you appreciate and tackle accounting issues surrounding deferred taxes

Who should attend?

CFOs, Finance Managers,Controllers, Supervisors,Accountants, Analysts,Investor Relations,Financial Planning,Procurement, Treasury,Investors and InternalAuditors at all levels

Page 2: Accounting for deferred tax and uncertain tax positions - PwC€¦ · Accounting for deferred tax and uncertain tax positions PwC’s Academy Overview and benefits of attending Deferred

PwC’s Academy

Sanjna is an experienced senior manager with PwC Accounting Advisory Services and has more than 13 years of audit, business advisory and regulatory experience. As a member of the PwC Global network of IFRS reporting specialists, she provides consulting services on complex financial reporting issues, performed financial statement reviews & conducted various internal/external training.

Prior to her current role in PwC, she was a part of the Accounting Standards Council (“ASC”) Secretariat, providing technical accounting input on emerging issues in accounting standards development, during local stakeholder outreaches and as a member of the ASC delegation in international/regional accounting standard setting bodies meetings.

Sanjna PunjabiSenior [email protected]

Meiqi has over 13 years of experience in the taxation field. Meiqi regularly advises clients on all aspects of corporate and international taxes, including tax issues in the areas of corporate restructuring, mergers and acquisitions, amalgamations, public listings, cross border transactions, use of Singapore as global headquarters/principal, tax efficient holding structures, financing arrangements, etc.

Meiqi has extensive experience in tax accounting under US GAAP and IFRS / Singapore FRS, including Statutory to US GAAP adjustment analysis, accounting for uncertain tax positions under ASC 740-10 (FIN48), and validation of deferred tax balances. She is also seasoned in managing tax audits, negotiations with tax authorities on contentious issues and applications for advance rulings.

Kalpana has more than 11 years of corporate and international

tax experience including valuable in-house tax experience from a

Fortune 500 MNC where she was managing the global tax team

for its Singapore and Malaysia operations. Kalpana has been

with PwC Singapore since January 2015 and manages tax

accounting projects as part of her key portfolio.

Kalpana frequently conducts in-house training for PwC clients

in relation to tax accounting topics. She is also a frequent

speaker for the tax accounting workshops jointly organised by

PwC Singapore and ISCA.

Kalpana [email protected]

Workshop outlineWorkshop will be from 9:00am to 5:00pm. Registration will start at 8:30am.

FRS 12 – Refreshing Concepts• Understanding the “balance sheet approach” to calculating

deferred tax• 9 Step Approach to account for income taxes• Determining “tax base” of assets and liabilities in calculating

“temporary differences”• Initial recognition of Deferred Tax Assets and Liabilities• Disclosures and Presentation and offsetting requirements• Real life issues that companies encounter in preparation for tax

filings

About the workshop leaders

What did past participants say?

"Informative and insightful workshop leaders”

“The workshop was conducted in a clear, concise and very pragmatic approach”

“Excellent introduction of basic principles of tax concepts and practical points on Tax Accounting”

“Concise and practical”

“Informative as the trainer is engaging”Huang [email protected]

Registration fee(Includes 7% GST)

PwC Clients & Alumni: S$550 Public: S$630

Additional discount of 20% can be applied if participants sign up together with other selected FRS courses (FRS 109, FRS 115 and FRS 116)

How to registerPlease fill in the registration form attached below and send it to [email protected].

For further queries, please contact Ms Jaslyn at (65) 9623 4123. A complete calendar of training courses can also be found on our website www.pwc.com/sg/academy.

Page 3: Accounting for deferred tax and uncertain tax positions - PwC€¦ · Accounting for deferred tax and uncertain tax positions PwC’s Academy Overview and benefits of attending Deferred

Accounting for deferred tax and uncertain tax positionsFees: PwC clients/alumni - S$550 • Public - S$630

Please register the following person/s for the workshop on:

□ 15 August 2018 (9.00am – 5.00pm)

1. Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….

Email: ………………………………………………………………….. Contact No: ……………………………………………...

2. Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….

Email: ………………………………………………………………….. Contact No: ……………………………………………...

Contact PersonName: Mr/Ms/Mdm …………………………………………………… Designation: …………………………………………….

Company: ………………………………………………………………….. Address: ………………………………………………...

……………………………………………………………………………………………………………………………………………………

Email: …………………………………………… Contact No.: ……………………………….. Fax: …………………………….

Enclosed is cheque for S$........................ (Cheque no. ……………………..) made payable to: “PricewaterhouseCoopers Risk Services Pte. Ltd.” Kindly indicate the course reference “Deferredtax” along the payment for ease of reference, depending on your selection.

Registration Form

PwC’s Academy

© 2018 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Risk Services Pte. Ltd. , which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.

Registration and PaymentRegistrations will only be confirmed upon receipt of payment and registration form. Please email the scanned copy of your registration form to [email protected] and/or mail the registration form and payment to 7 Straits View, Marina One, East Tower, Level 9 Mail Centre, Singapore 018936 (Attn: Jaslyn LG Lau, PwC’s Academy)

For registration and enquiries, please call Ms Jaslyn at (65) 9623 4123 or email us at [email protected].

In-Company TrainingThis workshop can be presented on-site at your organization as an in-house programme. For more information and enquiries, please contact Tony Moore at (65) 9637 5489 or email at [email protected].

Note:• Fees includes 7% GST, refreshment, lunch and seminar kit.• The seminar will be conducted at a dedicated training room at our office in Marina One or at a venue located near an MRT.• Certificate of Attendance will be awarded on successful completion of the workshop.

Cancellation Policy:•Full payment must be made prior to the seminar.•Registered participants will be liable for the full fee even in the event of non-attendance.•Upon receipt of registration, any request for cancellation or a replacement must be confirmed in writing at least (7) working days before the seminar and subject to PwC’s Academy’s approval• A 10% administrative fee will be imposed for any cancellation or deferment received less than (5) working days before the seminar.• PwC reserves the right to amend, postpone or cancel or postpone the seminar due to unforeseen circumstances.

** Additional discount of 20% can be applied if participants sign up together with other selected FRS courses (FRS 109, FRS 115 and FRS 116)

mailto:[email protected]
mailto:[email protected]
mailto:[email protected]

Deferred Tax Liability

Deferred Tax Liability

Documents
DEFERRED TAX ACCOUNTING AND FINANCIAL PERFORMANCE: …

DEFERRED TAX ACCOUNTING AND FINANCIAL PERFORMANCE: …

Documents
Tax Deferred Annuities Introduction - The WPI · Tax Deferred Annuities Introduction In the past three decades tax deferred annuities have emerged as a commonly used planning tool

Tax Deferred Annuities Introduction - The WPI · Tax Deferred Annuities Introduction In the past three decades tax deferred annuities have emerged as a commonly used planning tool

Documents
MAKING MAXIMUM USE OF TAX-DEFERRED RETIREMENT …webarchive.urban.org/UploadedPDF/411293_taxdeferred_accounts.pdfMAKING MAXIMUM USE OF TAX-DEFERRED RETIREMENT ACCOUNTS Janette Kawachi,

MAKING MAXIMUM USE OF TAX-DEFERRED RETIREMENT …webarchive.urban.org/UploadedPDF/411293_taxdeferred_accounts.pdfMAKING MAXIMUM USE OF TAX-DEFERRED RETIREMENT ACCOUNTS Janette Kawachi,

Documents
(Final) Deferred Tax Project 7

(Final) Deferred Tax Project 7

Documents
Deferred Tax Transfer

Deferred Tax Transfer

Documents
ONE SOURCE™ UNCERTAIN TAX POSITIONS

ONE SOURCE™ UNCERTAIN TAX POSITIONS

Documents
Deferred Tax Ias 12

Deferred Tax Ias 12

Documents
Deferred Taxes in Tradethe target profit. Keywords: deferred tax assets, deferred tax liabilities, ... as a "standard" in the comparative analysis of retail companies. 3. The analysis

Deferred Taxes in Tradethe target profit. Keywords: deferred tax assets, deferred tax liabilities, ... as a "standard" in the comparative analysis of retail companies. 3. The analysis

Documents
Deferred tax – a Chief Financial Officer’s guide to ... · Deferred tax – a Chief Financial Officer’s guide to avoiding the pitfalls Understanding deferred tax under IAS 12

Deferred tax – a Chief Financial Officer’s guide to ... · Deferred tax – a Chief Financial Officer’s guide to avoiding the pitfalls Understanding deferred tax under IAS 12

Documents
Thuế hoãn lại deferred tax - rev1

Thuế hoãn lại deferred tax - rev1

Economy & Finance
Suggested Answer Syl12 Dec13 Paper 18 - ICMAI · Tax as per MAT: 9, 00,000 x 10% = ` 90,000 Tax Expense = Current Tax + Deferred Tax Therefore Deferred Tax Liability as on 31.03.2013=

Suggested Answer Syl12 Dec13 Paper 18 - ICMAI · Tax as per MAT: 9, 00,000 x 10% = ` 90,000 Tax Expense = Current Tax + Deferred Tax Therefore Deferred Tax Liability as on 31.03.2013=

Documents
ONE SOURCE Uncertain Tax Positions

ONE SOURCE Uncertain Tax Positions

Documents
Tax-Deferred Retirement Saving - Member | SOA · Tax-Deferred Retirement Saving in Canada ... income No tax No tax After-Tax Saving ... and people move from province to province or

Tax-Deferred Retirement Saving - Member | SOA · Tax-Deferred Retirement Saving in Canada ... income No tax No tax After-Tax Saving ... and people move from province to province or

Documents
[Tax-effect accounting] (1) Deferred tax assets and ... · [Tax-effect accounting] (1) Deferred tax assets and deferred tax liabilities ... Bonds payable The book value of bonds payable

[Tax-effect accounting] (1) Deferred tax assets and ... · [Tax-effect accounting] (1) Deferred tax assets and deferred tax liabilities ... Bonds payable The book value of bonds payable

Documents
Emerson College Tax Deferred Annuity Plan · 3/31/2020  · Emerson College Tax Deferred Annuity Plan 3 Introduction The Emerson College Tax Deferred Annuity Plan (“Plan”) was

Emerson College Tax Deferred Annuity Plan · 3/31/2020  · Emerson College Tax Deferred Annuity Plan 3 Introduction The Emerson College Tax Deferred Annuity Plan (“Plan”) was

Documents
Deferred Tax Accounting: Changing Tax Rates and New

Deferred Tax Accounting: Changing Tax Rates and New

Documents
DEFERRED TAX - ICAEW

DEFERRED TAX - ICAEW

Documents
Meaning of Deferred Tax Liability

Meaning of Deferred Tax Liability

Documents
Implication of deferred tax under IAS 12 and revised zakat ... · PDF fileImplication of deferred tax under IAS 12 ... Overall understanding of deferred tax under IAS 12 Accounting

Implication of deferred tax under IAS 12 and revised zakat ... · PDF fileImplication of deferred tax under IAS 12 ... Overall understanding of deferred tax under IAS 12 Accounting

Documents
Financial Reporting Standard 19 - Deferred Tax

Financial Reporting Standard 19 - Deferred Tax

Documents
Housing and Tax-deferred Retirement Accounts

Housing and Tax-deferred Retirement Accounts

Documents
THE EFFECT OF DEFERRED TAX ASSETS AND DEFERRED TAX

THE EFFECT OF DEFERRED TAX ASSETS AND DEFERRED TAX

Documents
Draft Guidance on Deferred Tax on Revaluation Surpluses. · on Deferred Tax on Revaluation Surpluses. ... deferred tax consequences of revaluing to fair value Property Plant and Equipment

Draft Guidance on Deferred Tax on Revaluation Surpluses. · on Deferred Tax on Revaluation Surpluses. ... deferred tax consequences of revaluing to fair value Property Plant and Equipment

Documents
ASC 740 and Valuations of Deferred Tax Assetsmedia.straffordpub.com/...740-and-valuations-of-deferred-tax-assets...ASC 740 and Valuations of Deferred Tax Assets ... If the DTA is determined

ASC 740 and Valuations of Deferred Tax Assetsmedia.straffordpub.com/...740-and-valuations-of-deferred-tax-assets...ASC 740 and Valuations of Deferred Tax Assets ... If the DTA is determined

Documents
Accounting Information and Deferred Taxation: Evidence from …hrmars.com/hrmars_papers/Accounting_Information_and... · 2018-11-02 · deferred tax asset or by use of deferred tax

Accounting Information and Deferred Taxation: Evidence from …hrmars.com/hrmars_papers/Accounting_Information_and... · 2018-11-02 · deferred tax asset or by use of deferred tax

Documents
The complexities of deferred tax and uncertain tax positions for … · 2020-07-28 · The complexities of deferred tax and uncertain tax positions for your business 4 CPE hours 23

The complexities of deferred tax and uncertain tax positions for … · 2020-07-28 · The complexities of deferred tax and uncertain tax positions for your business 4 CPE hours 23

Documents
presents FAS 109 and Valuations of Deferred Tax Assetsmedia.straffordpub.com/products/fas-109-and-valuations-of-deferred... · presents FAS 109 and Valuations of Deferred Tax Assets

presents FAS 109 and Valuations of Deferred Tax Assetsmedia.straffordpub.com/products/fas-109-and-valuations-of-deferred... · presents FAS 109 and Valuations of Deferred Tax Assets

Documents
TAX-DEFERRED EXCHANGES

TAX-DEFERRED EXCHANGES

Documents
INDIANA UNIVERSITY Tax Deferred Account

INDIANA UNIVERSITY Tax Deferred Account

Documents