Accountants’ Discussion Forum: Accounting and Taxation Implications for Forex Transactions November 2023

Available from

20 November, 2023

CPD

3

Course Category:

Accounting

To discuss accounting for current and deferred tax. November 2023

R 380 VAT Incl.

Product Information

What you will learn

By attending this discussion forum, you will be:

  • The attendee will receive a refresher on the difference between functional and presentation currencies
  • Develop insights into the disparate treatment of monetary and non-monetary transactions. 
  • Observe the effects of hedging strategies for managing forex-related risks. 
  • Get into the tax considerations when engaging in cross-border transactions. 

 

Description

Our Accountants’ Discussion Forum is a live and interactive forum that deals with current issues experienced by accounting professionals. Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) host this discussion forum during which they interrogate, debate and compare aspects of a topic from two different viewpoints that come from their different areas of specialisation.  

 

Content:

The following topics are under discussion for this month:

We will look at both IFRS and IFRS for SME implications of forex, therefore we will look at

  • Section 30 of IFRS for SME’s Foreign exchange transactions
  • Section 12 of IFRS for SME’s Other Financial Instruments (hedging and derivatives)
  • IAS 21 The Effects of Changes of Foreign Currency (including the new discussion around Lack of Exchanability)
  •  The various sections of the Income Tax Act that are affected 

 

Price

The following pricing apply:

Ad hoc: R380 for this webinar
Subscription: Included for free in Accountant in PracticeAccountant in Practice plus Tax, Bookkeeper and QuickUpdate packages.

 

Requirements

There are no preconditions for this course.

Moderate level.
Recorded webinar made available on a specified date

 

Presenter

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002.

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme. 

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the FASSET Budget and Tax Update in 2015 and 2016.

 

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