Accounting Update Seminar – 08 to 10 October 2012
LexisNexis is pleased to announce that it has scheduled dates for the annual Accounting Update seminar. This year’s seminar takes place on 8 – 10 October and is presented by Cobus Grove B Com (Hons) CA (SA).This half day seminar will cover all the new and revised accounting standards that became effective during 2012. Requirements issued by the international Accounting Standards Board and their counterparts in this country will also be addressed.
Also on the programme is a ‘back to basics’ session, dealing with the complex area of accounting for tax, which seems to present a challenge to many practitioners. Cobus will apply his experience and knowledge to demystify the areas of complexity surrounding this issue.
About the seminar:
This seminar will provide attendees with practical knowledge regarding new and revised accounting standards and interpretations that become effective during 2012. Requirements issued by the International Accounting Standards Board and their South African counterparts will also be covered.
This year’s seminar will also include a ‘back to basics’ session dealing with the complex area of accounting for tax, which many seem to lack confidence in when applying the requirements of accounting standards. Starting with the fundamental principles of deferred taxation, the presentation will move on to highlight areas of complexity, taking participants through the logic and requirements of the accounting standards under more ‘taxing’ scenarios, including situations where judgment is required in determining deferred tax amounts.
The presentation will also focus on how recent changes in tax legislation affect the existing application of accounting standards. The change of the capital gains tax inclusion rate and the abolishment of Secondary Tax on Companies (STC) will be among the subjects discussed.
Who should attend:
- Chief financial officers and financial directors
- Accountants and financial managers
- Preparers of financial statements and annual reports
- Analysts and other users of annual reports
- Chartered Accountants
- Accounting standards and interpretations that become effective during 2012 and later years.
- Proposed changes to accounting standards and interpretations.
- Deferred tax, where a comprehensive overview of the accounting standard will be provided as well as also looking at the impact of tax legislation changes on the calculation of deferred tax.
Cobus Grove B Com (Hons) CA (SA) is a Chartered Accountant and Associate Director in Ernst & Young's Professional Practice Group. In addition to sharing knowledge gained from being part of this group, he will also draw on his experiences as an accounting lecturer on the B.Com Accountancy (Honours)/CTA programme at the University of Johannesburg, as well as those obtained as a finance executive at a private company prior to joining Ernst & Young.
Cobus is ideally placed to marry the theoretical and practical aspects of a topic like deferred taxation for participants. He was a member of the South African Institute of Chartered Accountant's Accounting Practices Committee (APC) until 2011 and was also a member of the Ad-hoc Committee on Corporate Law, commenting on the Companies Act 71 of 2008 prior to the act and its regulations being finalised.
Dates and venues
08 October 2012 – Johannesburg, Southern Sun OR Tambo (011-977 3600)
09 October 2012 – Durban, Southern Sun Elangeni (031-362 1300)
10 October 2012 – Cape Town, Townhouse Hotel (021-465 7050)
09h00 First session
11h00 Second Session
The Fees (VAT Inclusive)
One delegate – R2 100
Two or more delegates – R1 890 per delegate