Corporate Tax
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Deduction: Non-taxable non-deductible amounts debited to the Income Statement Series

CPD Hours: 1.5

Price: R132.30


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Title / Topic

Deduction: Non-taxable non-deductible amounts debited to the Income Statement Series


Deduction: Non-taxable non-deductible amounts debited to the Income Statement Series

What's Included:

Tax implications of interest deductions

OUTCOMES OF TOPIC After studying this introduction to debit/credit adjustments for non-taxable/ non-deductible amounts debited/credited to the Income Statement you should be able to: ✓ Recognise why a difference between accounti ng profit and taxable profit could exist ✓ Define an “expense” for accounting purposes ✓ Explain what is meant by “accrual basis” for accounting ✓ Recognise where in the financial statements of a business expenses are reflected ✓ Explain when debit/credit adjustments relating to non-taxable or non-deductible amounts credited to the Income Statement will be required in the ITR14 Tax Computation ✓ Complete the Tax Computation sections on the ITR14 to reflect debit adjustments relating to non-taxable amounts credited to the Income Statement ✓ Complete the Tax Computation sections on the ITR14 to reflect credit adjustments relating to non-deductible amounts debited to the Income Statement


0.5 Hours | R49.00
Karen van Wyk GTP(SA)

Foreign exchange

OUTCOMES OF TOPIC After studying this introduction to debit/credit adjustments for non-taxable/ non-deductible amounts debited/credited to the Income Statement you should be able to: ✓ Recognise why a difference between accounti ng profit and taxable profit could exist ✓ Define an “expense” for accounting purposes ✓ Explain what is meant by “accrual basis” for accounting ✓ Recognise where in the financial statements of a business expenses are reflected ✓ Explain when debit/credit adjustments relating to non-taxable or non-deductible amounts credited to the Income Statement will be required in the ITR14 Tax Computation ✓ Complete the Tax Computation sections on the ITR14 to reflect debit adjustments relating to non-taxable amounts credited to the Income Statement ✓ Complete the Tax Computation sections on the ITR14 to reflect credit adjustments relating to non-deductible amounts debited to the Income Statement


0.5 Hours | R49.00

Provisions and deductions relating to trade debtors

OUTCOMES OF TOPIC After studying this introduction to debit/credit adjustments for non-taxable/ non-deductible amounts debited/credited to the Income Statement you should be able to: ✓ Recognise why a difference between accounti ng profit and taxable profit could exist ✓ Define an “expense” for accounting purposes ✓ Explain what is meant by “accrual basis” for accounting ✓ Recognise where in the financial statements of a business expenses are reflected ✓ Explain when debit/credit adjustments relating to non-taxable or non-deductible amounts credited to the Income Statement will be required in the ITR14 Tax Computation ✓ Complete the Tax Computation sections on the ITR14 to reflect debit adjustments relating to non-taxable amounts credited to the Income Statement ✓ Complete the Tax Computation sections on the ITR14 to reflect credit adjustments relating to non-deductible amounts debited to the Income Statement


0.5 Hours | R49.00

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