A PRACTICAL 6 DAYS YEAR END FINANCIAL REPORTING, ADVANCED EXCEL AND TAX SEMINAR WITH CPD HOURS TO BE HELD AT STELLA MARIS HOTEL – BAGAMOYO FROM 26TH JUNE TO 1st JULY 2023
The Seminar is meant for professionals in the Public and Private sectors and NGOs including Chief Accountants and Heads of Finance Departments, Accountants, Assistant Accountants, Fixed Assets and Stock /Inventory Accountants, Tax Officers, Internal Auditors, Principal Internal Auditors, Senior Internal Auditors, Internal Audit Managers, Heads of Finance, Finance Managers, Directors of Finance & Administration, Procurement officers, External Auditors and other interested parties. Participants will be awarded training certificates and CPD hours.
Topics to be covered and benefits of attending.
1.Practical Advanced Excel
Overview of excel tools for Accounting
Excel Accounting tools for reconciliation
2.TFRS 1: The Report by Those Charged with Governance
3.Year End Financial Reporting & Disclosure (IPSAS FINANCIAL REPORTING)
IPSAS 1 Presentation of Financial Statements
Required financial statements
Structure & Content
IPSAS 2 Cash Flow Statements
Cash and cash equivalents
Operating, investing and financing activities`
IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
Changes in accounting estimates
Changes in accounting policies
Correction of fundamental errors
IPSAS 35 Consolidated Financial Statements- Accounting for Controlled Entities
Participants will understand:
How to prepare financial statements under IPSAS and address related challenges.
Migrate to IPSAS from IFRS/Cash basis and challenges
4.Year End Financial Reporting & Disclosure (IFRS FINANCIAL REPORTING)
Introduction to IFRS
IFRSs for preparation of financial statements
Presentation of Financial Statements (IAS 1)
Statement of Cash Flow (IAS 7)
Changes in accounting policies estimates and errors (IAS 8)
Events after reporting period (IAS 10)
Operating segment (IFRS 8)
Related party disclosure (IAS 24)
Earnings per share (IAS 33)
Interim financial reports (IAS 34)
Discontinued operations (IFRS 5)
5. IPSAS 23: Revenue from Non-Exchange Transactions
6. IPSAS 9: Revenue from Exchange Transactions
7. IFRS 15: Revenue from contracts with customers
8. IPSAS 12 Inventories
Public sector entity inventories
Inventories held for distribution at no or nominal charge
9. Non-current Assets
IPSAS 17 Property, Plant and Equipment
Initial recognition
Subsequent valuation
Depreciation
Treatment of infrastructure and heritage assets
IPSAS 16 Investment Property
Initial recognition
Subsequent valuation
Transitional provisions for initial adoption
IPSAS 31 Intangible Assets
Identifying relevant intangible assets and their initial recognition Measurement
IPSAS 41 Financial Instrument
10. IPSAS and IFRS Updates
Newly Issued Standards
IPSAS 43 Leases
IPSAS 44 Non-Current Assets Held for Sale and Discontinued Operations
Other IPSAS updates
IFRS Updates
11. Taxes applicable to the Public & Private sector entities in Tanzania
Participants will understand:
The taxes applicable in their entities , related tax risks and how to manage them
12. Taxes applicable in Zanzibar
Participants will understand:
The taxes applicable in Zanzibar, tax risks and how to manage them
13. Withholding Tax :
Participants will understand:
The challenges of Withholding Tax on services, interest, royalties etc. for Banks, NGO’s, Public and Private sector entities
Decided cases on Withholding Tax
14. New TRA E-Filing system
Participants will :
Understand the updated system for filing VAT, PAYE, SDL and Withholding taxes
Addressing challenges noted
15. Tax Audit, Tax Assessment, Objections and Appeals
Participants will learn:
The Risks/Exposures
How to manage TRA Tax Audits , Assessments , Objections and Appeals
16. VAT Refund
Participants will learn:
How to Handle Refund Applications
Addressing VAT Refund Challenges
Fees and payment: TZS 900,000 per person (VAT inclusive)-including lunch. Payments should be through bank deposit to Account no: 0150303162800, CRDB Bank, Account Name: Auditax International or by cheque payable to Auditax International and delivered to our offices: Dar es Salaam: Garden Avenue Tower, 7th Floor, Ohio Street / Garden Avenue.
Confirmation: Kindly confirm attendance by calling +255 719 878490 / +255 752 559964 or Email: info@auditaxinternational.co.tz
