Short Course in Accounting for Tax in Financial Statements

Date: Aug 2, 2021 - Sep 29, 2021

Application fee: R450.00

Once-off: R3,000.00

Lecturer: Karen van Wyk GTP(SA)
Lecturer: Roline van Jaarsveld

The short course delves into specific considerations, theoretical aspects and calculations relating to financial statements and accounting for taxation. The course will provide you with a good understanding of the accounting treatment, reconciliation of income tax, deferred tax in the statement of profit and loss, comprehensive income and statement of financial position.

The course will also briefly cover the accounting treatment of other taxes such as dividend tax, donations tax and foreign taxes.

Course overview

The course is delivered online and covers the following topics and practical areas:

Topic 1: Accounting for current income tax.

Topic 2: Accounting for deferred tax.

Topic 3: Disclosure in the financial statements.

Topic 4: Reconciling SARS balances.

Topic 5: Accounting treatment of other taxes (dividend tax, donations tax, foreign taxes and indirect taxes).

Topic 6: Ratios in financial statements and management accounts.

Topic 7: Let's get practical: a simulated scenario integrating the knowledge from all the topics.

Admission requirements

The course is geared towards tax law experts who do not have an accounting background.


This programme is recognised as a short learning programme by The Tax Faculty (NPC). The Tax Faculty is registered as a skills development partner under the Skills Development Act, 1998 (Act No 97 of 1998) by the Quality Council for Trades and Occupations (QCTO) and accredited as a Continuous Professional Development (CPD) provider by the South African Institute of Tax Professionals, a South African Revenue Services Recognised Controlling Body (RCB) under the Tax Administration Act, 2011 (Act No. 28 of 2011).

Assessment and award of certificate

Learners are assessed via a number of formative and summative assessments, conducted via The Tax Faculty’s online platform. Successful learners will receive a professional certificate issued by The Tax Faculty and in an effort to maintain your professional status and keep your expert knowledge up to date, you will earn relevant CPD hours upon course completion (pending approval of your relevant professional industry body).

Flexible payment options

Payment option 1: Once-off payment

Total: R3 000.00 (incl. VAT).

Payment option 2: Debit order

Application fee (non-refundable): R450.00 (incl. VAT).

Two instalments: R1 600.00 per month (incl. VAT).
Total: R3 200.00 (incl. VAT).

* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.

Payments and cancellations

  • All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
  • Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
  • Proof of payment may also be requested before access to the iLearn platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
  • Only written notice of cancellation will be accepted.


For courses shorter than a six-month rollout, the following will apply:

  • If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
  • If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
  • Students who register for a course and fail to attend will be held liable for the full course fee.
  • The course application fee is non-refundable.
  • The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.

For courses with a six-month or longer rollout, the following will apply:

  • Should a cancellation be received within six weeks of the course start date, the student will still be liable for 50% of the semester cost.
  • Should the cancellation be received after six weeks of the course start date, the student will be liable for the full semester cost.
  • Once a learner has registered for a course, they will only be granted one deferral opportunity for that course (a deferral includes either requesting a new start date or changing to another course). Costs applicable will be adapted upon notice of deferral received. 
  • The course application fee is non-refundable.

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