International taxation accounting of investments and funds

Content
Introduction to accounting, its concepts and the IFRS impact of tax accounting.
-Basic accounting principles and concepts as applied to investments as applied to taxation entries.

-Double entry and Balance Sheet in an investment entity and how tax is applied.
Basic Accounting practices and terminology
-Application of GAAP and IAS to accounting for tax

-Basic investment transactions and the taxes that apply
Investment types and the impact of IAS32 on the Equity/ Liability equation
-Equity v Liability under IAS32

-Conversions and Amalgamations tax impact

-How derived income may be Capital and the resulting tax entries
Preparing a basic set of fund accounts
-Case study preparing a basic set of accounts and tax computation

-Distributions to investors and how they are taxed

-Tax shadows and the effects on structure
Corporate Actions including splits, conversions, rights and convertibles
-Stock splits and mergers - the tax impact

-Conversion of stocks poolings and reserving

-Rights issues, bonuses and conversions - the tax shadow implications
Recording Investment Activity with Euroshares, accumulations and reinvestments
-Shares without jurisdiction

-Accumulations and collective investments - the tax impact
Accounting for Equity to include rights, new shares and conversions, the impact of the new hedging rules

-Rights issues and conversions, employee schemes now to reserve for treatments

-Share classes and hedging of shares under IAS39 how tax applies
Accounting for Fixed Interest, accruals, accumulations and amortisation
-Interest treatments under IAS32 and the dove tail with the UK tax regime

-Holding Fixed Interest Assets, for sale, not for sale and tax reserving

-Amortisation and Discounted cash calculations including tax in the calculations

-Balloons discounts and zeros the tax complications
Accounting for investment income, the capital problem
-Substance v Form the importance in tax and accounts

-Capital Distributions accounting for these
Basic Derivatives - how these are taxed
-Futures

-Options

-Standard currency futures

-Interest swap including IAS 39
Valuation of investment, the impact of fair value and financial instruments open market value
-IAS32 Valuations and how tax reserving applies

-Fair Value - disappearance of mid value impact on year end valuation

-Bid Value of Investments and pricing tax impact
Outline of Withholding Tax, Double Taxation treaties and Tax Reclamation



Todays Date: 8 September 2017
Duration 2 days