Accounting for Tax - The IFRS Essentials

Summary

This course will provide an understanding of the accounting, reporting, and disclosure requirements in relation to current and deferred tax in financial statements prepared in accordance with IFRS and Companies Act 2014.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
02 October 2019 09:30
End date & time:  
02 October 2019 13:30
Price: €150.00  (€120.00 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
4.00
CPD hours:  
4.00
Speaker details
First nameLast name
SINEAD O'BRIEN

Description

Product type:  
CPD course
Category:  
Financial reporting

Who should attend

Finance Directors, financial controllers and accountants wishing to ensure that the financial statements for which they are responsible have been prepared in accordance with the Irish Companies Acts accounting framework and IFRS. Auditors with clients preparing financial statements in accordance with the Irish Comapnies Acts accounting framwork based on IFRS. Users of financial statements preparedunder IFRS.

Course overview

  • Companies Act 2018 and the tax related requirements
  • Tax charges in the financial statements
  • Current and deferred tax requirements under IAS 12 Income Tax in relation to: Recognition/measurement/ presentation and disclosure
  • Specific application of deferred tax: Business combations, financial instruments, revaluations, foreign currency, shared based payments, pension schemes, impairment of assets, lease accounting, transitional rules, the IRE(initial recognition exemption), internal controls.

    Key Learning outcomes

    • Understand the Interaction of Company law , with particular focus on requirements of the Companies Act 2014
    • Recognise how international financial reporting standards interact (IFRS) with tax law;
    • Be better equipped to comprehend the rules in IAS 12 Income Tax in relation to: Recognition/measurement/presentation/disclosure of both current and deferred tax measurement
    • Understand transitional rules on initial adoption of IFRS
    • Identify the initial recognition exemption (IRE)
    • Complete the tax reconilliation under IAS 12
    • Highlight internal controls over taxation and interaction with Companies Act requirements (Directors compliance statement)

    Speaker Bio

    Sinead has over 10 years experience in finance. After obtaining her Masters in Accounting in DCU, She commenced her career in PwC, training as an auditor. She then moved to Aer Lingus, working on internal audit and financial reporting. She then direct tax manager for the group and completed the CTC qualification. Currently, Sinead is the head of finance for the Irish arm of the Norwegian Air group. Sinead facilitates and lectures on the diploma and CTC tax courses.