Introduction to Institutional Savings
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Introduction to Institutional Savings

CPD Hours: 0.1

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Introduction to Institutional Savings

This webinar on demand is part of a series of webinars. Click here to read more


OUTCOMES OF TOPIC
After studying this topic related to debt financing and interest, you should be able to:
✓ Understand the VAT consequences of debt financing transactions
✓ Understand the tax consequences related to the advance and repayment of debt
✓ Define the term “instrument”
✓ Define the term “interest”
✓ Understand what is meant by “Yield to maturity”
✓ Understand what is meant by “Accrual periods”
✓ Understand what is meant by “Adjusted initial amount”
✓ Understand the impact of interest on the taxable income of the lender
✓ Understand the impact of interest on the taxable income of the borrower
✓ Calculate interest in terms of S24J
✓ Understand the tax consequences arising on the early settlement or sale/transfer of a debt instrument
✓ Understand when an alternative method of the determination of interest could be applied
✓ Interpret financial statements with reference to the accounting policies and notes to the financial statements to determine the accounting treatment of interest expense
✓ Complete the Tax Computation section on the ITR14 tax return to adjust for finance (interest) expenses where the accounting and tax treatment differ
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