• Revenue Recognition
  
• MFRS 15 Requirements
  
• Tax Impact on Revenue
  
• Accounting Treatment for Expenditure
  
• Tax Treatment for Expenditures
  
• Sales and Services Tax on Revenue and Expenditure
  
• Deferred Tax

The main core of financial reporting and the business process involves Revenue, Expenditure and Provisions, which may have different recognition criteria for accounting and tax purposes.

It’s important to understand and appreciate the Accounting, Tax and SST impact of these elements as they have a direct and telling impact on the reported profits and cash flows of the reporting entity.

It is critical that these items are correctly presented to ensure that stakeholders are not mislead and there is compliance with the accounting standards to prevent any sanctions from regulatory authorities. Proper treatment of these items for tax purposes would ensure that tax penalties are not incurred.

1. Understanding the reporting framework for recognising Revenue.
   
2. Ensuring that expenditure is presented in line with MFRS.
   
3. Ensuring recognition of revenue is in line with Income Tax Laws and Regulations.
   
4. Ensuring that proper classification is used to maximise tax benefits.
   
5. Understanding Sales and Service tax implications on revenue and expenditure.
6. Being able to compute and ensure a proper disclosure of deferred taxation.
   

• Financial Controllers
  
• General Managers
  
• Corporate Finance Advisors
  
• Company Secretaries
  
• Accountants
  
• Auditors
  
• Corporate Planners
  
• Accounts, Finance, Audit and Administrative Executives
  
• Internal Audit Executives