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Considering a 360 on Property, Plant and Equipment - 2021

CPD Hours: 4

Price: R855.00


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Title / Topic

Considering a 360 on Property, Plant and Equipment - 2021


Overview

Property, plant and equipment (the accountant’s PPE) are traditionally a large portion of a trading entity's balance sheet (statement of financial position). The aim of this webinar series is to do a back-to-basics review of the accounting and tax treatments of this important asset class.


Webinar series content

The webinar series will cover topics such as:

  • Accounting principles related to property, plant and equipment:
    • Definitions, recognition, measurement and disclosure requirements.
    • Depreciation and how it’s calculated.
    • Residual values.
    • Differences between investment property and other assets (cost accounting versus fair value accounting).
    • Accounting for revaluations
  • Taxation principles related to property, plant and equipment:
    • Why the section 11(e) tables are good for tax, but not for accounting.
    • Types of capital allowances available.
    • Scrapping allowances.
    • Recoupment considerations.

The webinar series will also focus on the differences between the tax treatment of these assets versus the accounting treatment of these assets and will address the deferred tax considerations that are important to keep in mind.

By having both a IFRS and a tax specialist sharing their expertise, you are guaranteed to get a complete and holistic view of the topic.


Outcomes

After viewing the webinar series, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments:

  • Understand the difference between the tax and accounting treatment of property, plant and equipment.
  • Be able to account for property, plant and equipment in terms of IFRS, the Income Tax Act and the VAT Act.
  • Have a broad understanding of the deferred tax consequences of property, plant and equipment.
  • Be able to appropriately disclose property, plant and equipment in the financial records of the company.

What's Included:

Considering a 360 on Property, Plant and Equipment (Session 1) 2021

Overview Property, plant and equipment (the accountant’s PPE) are traditionally a large portion of a trading entity's balance sheet (statement of financial position). The aim of this webinar series is to do a back-to-basics review of the accounting and tax treatments of this important asset class. Webinar series content The webinar series will cover topics such as: Accounting principles related to property, plant and equipment: Definitions, recognition, measurement and disclosure requirements. Depreciation and how it’s calculated. Residual values. Differences between investment property and other assets (cost accounting versus fair value accounting). Accounting for revaluations Taxation principles related to property, plant and equipment: Why the section 11(e) tables are good for tax, but not for accounting. Types of capital allowances available. Scrapping allowances. Recoupment considerations. The webinar series will also focus on the differences between the tax treatment of these assets versus the accounting treatment of these assets and will address the deferred tax considerations that are important to keep in mind. By having both a IFRS and a tax specialist sharing their expertise, you are guaranteed to get a complete and holistic view of the topic. Outcomes After attending the webinar series, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments: Understand the difference between the tax and accounting treatment of property, plant and equipment. Be able to account for property, plant and equipment in terms of IFRS, the Income Tax Act and the VAT Act. Have a broad understanding of the deferred tax consequences of property, plant and equipment.  Be able to appropriately disclose property, plant and equipment in the financial records of the company. This webinar series is aimed at tax practitioners, accountants, financial managers, chartered accountants, tax managers, business owners and all parties who need to understand the financial consequences of a property, plant and equipment.


2 Hours | R475.00
Carmen Westermeyer, Caryn Maitland CA (SA)

Considering a 360 on Property, Plant and Equipment (Session 2) 2021

Overview Property, plant and equipment (the accountant’s PPE) are traditionally a large portion of a trading entity's balance sheet (statement of financial position). The aim of this webinar series is to do a back-to-basics review of the accounting and tax treatments of this important asset class. Webinar series content The webinar series will cover topics such as: Accounting principles related to property, plant and equipment: Definitions, recognition, measurement and disclosure requirements. Depreciation and how it’s calculated. Residual values. Differences between investment property and other assets (cost accounting versus fair value accounting). Accounting for revaluations Taxation principles related to property, plant and equipment: Why the section 11(e) tables are good for tax, but not for accounting. Types of capital allowances available. Scrapping allowances. Recoupment considerations. The webinar series will also focus on the differences between the tax treatment of these assets versus the accounting treatment of these assets and will address the deferred tax considerations that are important to keep in mind. By having both a IFRS and a tax specialist sharing their expertise, you are guaranteed to get a complete and holistic view of the topic. Outcomes After attending the webinar series, delegates will have gained an understanding of the competencies mentioned below and must be able to apply the concepts and techniques in most situations and environments: Understand the difference between the tax and accounting treatment of property, plant and equipment. Be able to account for property, plant and equipment in terms of IFRS, the Income Tax Act and the VAT Act. Have a broad understanding of the deferred tax consequences of property, plant and equipment. Be able to appropriately disclose property, plant and equipment in the financial records of the company. Who should attend? This webinar series is aimed at tax practitioners, accountants, financial managers, chartered accountants, tax managers, business owners and all parties who need to understand the financial consequences of a property, plant and equipment.


2 Hours | R475.00
Carmen Westermeyer, Caryn Maitland CA (SA)

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