IFRS & Tax Masterclass

The fundamental objective of the course is to build financial reporting acumen and tax competency in business finance professionals, with or without having a background in accountancy. We cover the basics of the tax system and how daily transactions influence both accounting and taxes. This course will enable attendees to have an informed conversation confidently with accounting and tax experts, question tax suggestions and accounting treatments, and communicate with tax authorities.

At the end of the course, participants will be able to:

Understand financial reporting implications of key business decisions, context, situations, etc.
Understand basic mechanism of the Taxation system
Understand transaction-level accounting and tax implications through various scenarios
Provide relevant inputs to management on accounting and tax implications
Have effective conversations with Accounting and Tax Advisors
Evaluate critically accounting and tax treatments proposed by Tax Advisors
Communicate with the authorities in coordination with Tax Advisors.
Understand implications of amendments enacted through the Finance Act.

Financial Reporting

Assets (IAS 16, IAS 38, IAS 40, IAS 23, IFRS 5, IAS 36)
Leases (IFRS 16)
Estimates & Provisions (IAS 37, IAS 10, IAS 8)
Inventory & Revenue (IAS 2 & IFRS 15)
Financial Instruments (IAS 32 & IFRS 9)
Disclosures (IAS 33, IFRS 8, IAS 24, IAS 34)
Consolidation and Foreign Currency (IFRS 3, IAS 28, IFRS 11, IAS 21)
Relevant Regulatory Requirements

Taxation

Basic Concepts & Overview of Taxation System
Income from Property
Capital Gain
Income from Other Sources
Income from Business
Losses & Group Taxation
Deferred taxation
Deductible Allowances and Credits
Special Aspects of Income Tax Computation
Tax Regimes & Withholding Taxes

Husnain R. Badami, FCA
Husnain is currently Chief Executive of Ingenium, working in leadership, finance, and digital learning space. He also serves as a Partner of Redwood Global Services, an accounting outsourcing and advisory firm operating in Canada and Pakistan. In addition, he is the co-founder of an award-winning EdTech start-up, The School of Business Education which is providing accounting education to students and professionals across the world. Earlier, he has worked with Ernst & Young Karachi, Dubai, and Jeddah offices and at Engro Polymers & Chemicals Limited, prior to his move into entrepreneurship to pursue his passion in the field of OD consulting and L&D.

Academically, he also holds a Gold Medal for his outstanding performance in post-grad studies in Philosophy with critical pedagogy as his area of research. His academic work on pedagogy has also been published in the prestigious Journal of Comparative Education of Columbia University, USA.

At ICAP, he is a former Vice-President and presently a member of the Council. Husnain is also a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) with a cumulative experience of over 16 years in the profession. Together with this, he also carries a robust practical background in L&D. Professionally, he is an Organizational Development consultant with expertise in Finance, Leadership, and Instructional Design & Facilitation.

Danish Noorani, FCA
Danish Noorani is a qualified Chartered Accountant with cumulative experience of 20+ years in auditing, compliance, internal audit, finance, accounting, project management, and training & development. He had been heading Compliance and Ethics function in Siemens. Prior to Siemens he worked with Ernst & Young at Karachi and Johannesburg offices. Presently, he serves as a Director and co-founder of Ingenium and heading its digital learning business. He is also Partner at Redwood Global Services, an accounting firm with offices in Canada and Karachi.

His areas of training are Strategic finance, Business Acumen, IFRS, Corporate Governance, Compliance, Leadership skills, and, Internal Auditing.

Danish has successfully trained management professionals from diverse industries on ethics, IFRS, compliance and internal auditing, notably from, Bayer Pakistan, Bayer Pharma, Grant Thorton, Orix Leasing, NAFA Funds, Tameer Bank, MCB Arif Habib Investments, UBL Fund Managers, PEL, Hino Pak Motors, Bayer Crop Science, Venus Pakistan, Atlas Honda, PNSC, Pak Arab Refinery Limited, Siemens Pakistan, Ontex, etc.

All Business Finance professionals with non-core accounting background e.g., MBAs, CFAs, and Business Graduates, having practical exposure of working in business finance, planning, treasury, commercial finance, budgeting, and M&A strategy.

All professionals having a core accounting background e.g. CA/ ACCA, the program is pertinent as a refresher/ update of financial reporting and tax.

IFRS & Tax Masterclass

Download Calendar

Contact Us

Follow Us