(Intake 1 2024)

Does the concept of deferred tax and reviewing tax disclosures and reconciliations in the financial statement notes for tax risk intimidate you?

This professional certificate will provide you with the practical skills to account for all types of taxes in the financial statements and gain the skills to reconcile accounting tax balances to SARS tax balances.

After successfully completing this course, you will be able to calculate, reconcile and disclose current tax, deferred tax, and tax payable or receivable as well as the accounting treatment of other taxes such as dividends tax.

Mode of delivery

Online learning with flexible weekly study plans.

Duration and effort

Duration: 12 weeks.

Weekly effort: Four to six hours per week.

What you will learn in this course

The following modules include both the knowledge and practical skills in order to master the subject:

• Accounting for current income tax.
• Accounting for deferred tax.
• Disclosure in the financial statements.
• Reconciling SARS balances.
• Accounting treatment of other taxes (dividend tax, donations tax, foreign taxes, and indirect taxes).

A simulated scenario integrating the knowledge from all the topics will be worked through prior to the final assessment.

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Admission requirements

This is a short learning programme (SLP) and tested at a NQF level 8, it is therefore recommended that delegates have a degree in accounting, tax, or law. Experience with tax or financial accounting will be beneficial.

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This course is for you if:

• You are an accountant or tax professional who needs to calculate or review deferred tax and tax reconciliation statements under IFRS.
• You’re a business owner, chief financial officer or financial director looking to understand how deferred tax can affect your financial performance and position and why the effective tax rate is different to the applicable tax rate of the company.
• You’re a tax law expert who does not have an accounting background.

Outcomes

On successful completion of the course, you will be able to:

• Demonstrate the ability to gather and use information from a range of sources and communicate information reliably, accurately, and coherently, using conventions and computerised tools appropriate to the business context.
• Apply an informed understanding of the accounting treatment of current income tax and deferred tax in the annual financial statements of a company, as well as the legal framework and context applicable in South Africa.
• Demonstrate an understanding of the core areas of the accounting treatment of various taxes in the Annual Financial Statements of a company. As well as an informed understanding of the key terms, concepts, facts, general principles, rules and theories of the accounting and tax profession.
• Compute, complete and review current income tax and deferred tax calculations.

Accreditation

This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).

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Assessment and award of certificate

Learners are assessed via a number of practical assignments and a final integrated assessment. Successful learners will receive a SLP certificate of competence issued by The Tax Faculty.

In addition, this just-in-time learning programme also qualifies for verifiable Tax CPD.

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Student support and online campus

The academic and practical skills component of the qualification is delivered on The Tax Faculty's online Tax Campus.

This will be your virtual campus for the duration of the programme. The course is presented as micro-learning videos, study guides, practice quizzes, discussion forums, practical case studies, assignment briefs and guided presentations on how to master case studies and assignments. Academic lecturers are available on the Q&A portal as they would be in a classroom.

At the beginning of each semester, you'll be presented with the course content plan, a study plan and important assignment dates which are set out at manageable deadlines. This will help you study at your own pace.

In addition, you will be allocated a course consultant who will help you navigate the online campus, support you with your weekly participation and deadlines, and will be able to answer any administrative queries you may have.

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Flexible payment options

Payment option 1: Once-off payment

Total: R5 950.00.

Payment option 2: Debit order

Application fee (non-refundable): R450.00.

Two instalments: R3 400.00 per month.
Total: R7 250.00.

* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.

Payments and cancellations

• All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
• Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
• Proof of payment may also be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
• Only written notice of cancellation will be accepted.

Conditions

For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:

• If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
• If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
• Students who register for a course and fail to attend will be held liable for the full course fee.
• The course application fee is non-refundable.
• The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
• Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.

Why wait?

Get your application in to avoid disappointment. Click below to start your application.