Tax Accounting and Fiscal Reconciliation

When:
Tuesday, 24 January 2017

Activity Time:
09.00 a.m. to 05.00 p.m

Where:
DDTC Academy
Menara Satu Sentra Kelapa Gading 5th Floor,
Unit #0501
Jl. Bulevar Kelapa Gading LA3 No.1 Summarecon
Kelapa Gading Jakarta Utara 14240

Investment:
IDR 1.500.000,-
(Click here for discount)

Background:
At the end of the year company must commercially prepare financial statements commercially for the purposes of taxation. These adjustments arise due to the differences in the recognition of income and expense in a given period (fiscal year) between the recognition of revenue based on IAS and recognition of revenue based tax legislation. IAS only provides guidance in preparing the financial statements of commercial and does not specifically prescribe the accounting treatment related to the tax legislation. Thus, came the fiscal reconciliation to the financial statements of commercial for tax purposes. Fiscal reconciliation is performed by taxpayers because there are differences in the calculation, in particular the accounting profit with the profit according to the tax.

Commercial or business financial report is intended to assess the economic performance and financial condition of private sector, while the financial statements of the fiscal is intended to calculate tax. For commercial or business interests, the financial statements are prepared based on IAS, whereas for the sake of fiscal, financial statements are prepared based on tax regulations. The second difference is that the basis of preparation of the financial statements results in the computation difference of earnings (loss) of an entity.

This course will provide an understanding of the Tax Accounting and appropriate steps in fiscal reconciliation and how to optimize the company’s ability to achieve the company’s strategic goals.

Topics Covered:

1.Tax Accounting,

• General Principles of Tax Accounting,
• Application of Tax Accounting on general cost, depreciation, foreign exchange, and leasing,
• Fiscal Financial Statements,
• Financial Statements and Users,

2. Fiscal Reconciliation,

• Types of Fiscal Correction,
• Fiscal Reconciliation Techniques,
• Case study,

Lecturers: