Date
Tuesday, 9 September 2025
Time
9AM to 5PM
Location
TBA
Cost
$550.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 11 August 2025
• 10% off before 25 August 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
This one-day workshop delves into the complexities of accounting for income taxes under SFRS(I) 1-12, offering clarity on both current and deferred taxation. Many finance professionals struggle with these concepts, as they require a deep understanding of tax laws and accounting standards. Through conceptual discussions and practical applications, this session will break down key challenges, including permanent vs. timing differences, taxable/deductible temporary differences, and deferred tax recognition rules. Attendees will gain a structured approach to applying SFRS(I) 1-12, ensuring accurate financial reporting and compliance.
1. Examine the Accounting for Income Taxes under SFRS(I) 1-12
2. Apply the Balance Sheet Liability Approach to Deferred Taxation under FRS 12
3. Identify the Main Sources of Temporary Differences
4. Understand and Apply the Accounting for Tax Losses Carry Back and Carry Forward
5. Discuss the Initial Deferred Taxation Recognition Exemption for Assets and Liabilities
6. Examine Deferred Taxation on Consolidation in relation to Fair Value Adjustments and Additional Assets and Liabilities Recognized on Initial Acquisition of a Subsidiary
7. Review the Issues in Measurement, Presentation and Disclosure of Current and Deferred Tax
Please Note
By the end of this workshop, participants will:
✔ Master the core principles** of **current and deferred tax accounting** under **SFRS(I) 1- 12**.
✔ Apply the **balance sheet liability approach** to deferred taxes with confidence.
✔ Identify and assess **temporary differences** and their financial impact.
✔ Correctly account for **tax losses, consolidation adjustments, and exemptions**.
✔ Improve compliance with **presentation and disclosure requirements**.
This workshop is designed for:
• Accountants & Finance Professionals involved in financial reporting
• Auditors reviewing tax-related disclosures
• Tax Specialists seeking deeper knowledge of accounting standards
• Financial Controllers & CFOs ensuring accurate tax reporting
• Corporate Finance & Investment Analysts interpreting tax impacts
- Accountants and auditors responsible for AML/CFT compliance
- Compliance Officers responsible for the implementation of IPPC
- Directors and Managers who would like to take practical steps to manage and mitigate risks when faced with potential money laundering issues and scenarios
- Legal & Governance Professionals involved in financial crime prevention
Date
Tuesday, 9 September 2025
Time
9AM to 5PM
Location
TBA
Cost
$550.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 11 August 2025
• 10% off before 25 August 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
Expert Speaker
Low Kin Yew is an Associate Professor of Accounting (Practice) at the Nanyang Business School of Nanyang Technological University (NTU), CoDirector of Interdisciplinary Collaborative Core (ICC) Office and Deputy Associate Provost (Programmes) of NTU. He has a Bachelor of Accountancy degree (First Class Honours) from the National University of Singapore and a Ph.D. in accounting from the University of Illinois at Urbana-Champaign.
Prior to joining Nanyang Technological University, he worked in the Singapore office and Sydney (Australia) office of a Big 4 accounting firm. Since joining the Nanyang Business School, he has taught accounting and auditing courses at both the undergraduate and graduate (MSc, MBA and EMBA) levels. He has won the Researcher, Teacher of the Year Award of the Division (Accounting), the Nanyang Excellence Award in Teaching and the National Day Award – the Public Administration Medal (Bronze). He is a member of the Chartered Accountants Australia and New Zealand (CAANZ) and Institute of Singapore Chartered Accountants (ISCA). He is currently the Chairman of SAC Learning and Assessment Committee - Foundation Perogramme for the Singapore CA Qualification. He is a co-author of two accounting textbooks: A Practical Guide to Financial Reporting Standards (Singapore), 7th edition, 2018, Wolters Kluwer, and Intermediate Accounting IFRS® Standards Edition 3. 2024. McGraw-Hill Education..