On September 25, 2017, a training seminar on the topic “Accounting and Tax Accounting for Securities Transactions in 2017” will be held in Kyiv for securities trading companies and their auditors.
The event is organized by Non-Government Organization the Chamber of Auditors and Accountants of Ukraine (hereinafter – CAAU NGO), together with private institution of higher education the International Academy of Certification of Accountants and Auditors (hereinafter – IACAA), the Agency for IFRS and the Audit Development Centre.
The training seminar is designed for two sessions. Olena Kharlamova, a member of the Auditors' Chamber of Ukraine, Director General of the Agency for IFRS, rector of private institution of higher education IACAA, Vice-President of CAAU NGO, IRFS expert, will be the lecturer of the first of them, devoted to the innovations of securities accounting in the context of IFRS 9 “Financial Instruments”.
The following issues will be considered during the first session:
- Classification of financial instruments in accordance with requirements of IFRS 9 “Financial Instruments”;
- The concept of a business model and its types;
- SPPI-test and its application for the classification of financial instruments;
- Reclassification of financial instruments at the first application of IFRS 9 “Financial Instruments”;
- Migration of financial instruments between groups in accordance with IFRS 9 “Financial Instruments”;
- Practical examples of accounting for financial instruments;
- Application of the model for expected losses when impairment of financial instruments in accordance with IFRS 9 “Financial Instruments”;
- Practical examples of reflection of impairment of financial instruments in accounting.
Larysa Halchuk, Certified Auditor, Director of “Tymlar-Audit” AF, an expert on the taxation of securities transactions, was chosen as the lecturer of the second session on the peculiarities of the tax accounting of securities transactions.
The following issues will be considered during the second session:
- Taxation of securities transactions: the TCU norms have been completely changed since 01.01.2017 and they provide for separate accounting including revenues, expenses from revaluation of securities (detailed analysis during the seminar, numerical examples with filling in the lines of applications of the Securities, RI on presence of a positive (negative) result of the reporting period from the sale, revaluation of securities);
- Tax accounting of securities transactions return;
- Tax accounting of securities transactions of own issue;
- Tax accounting of derivatives transactions and REPO securities transactions;
- Tax accounting of bonds transactions: in the case of interest-bearing bonds transactions between interest payment dates, in the event of maturity of bonds, in case of foreign currency bonds transactions;
- Tax accounting of bills transactions: in the case of transactions for the sale and purchase of bills, in case of issuance and repayment;
- Tax accounting of corporate rights transactions in a form other than securities;
- Formation of tax differences in case of application of the method of participation in capital;
- Tax accounting of securities valuation transactions, reflected in other comprehensive income in the explanations of the SFSU;
- Tax accounting of corporate rights, the issuer of which is declared bankrupt or terminated as a legal entity in connection with liquidation.
The training seminar will be held on September 25, 2017, from 10:00 to 17:00 at the following address: Kyiv, Borysoglibska Str., 11 (in the premises of DP “FESTO”). Registration starts at 9:30.
The participation in the event costs UAH 1 600. 10% discount for CAAU NGO members.
You can become a participant of the seminar, please contact tel. 067 232 68 58 or send a request by email This email address is being protected from spambots. You need JavaScript enabled to view it..
Olena Kobiak is a contact person.
We welcome all who want to improve their professional knowledge and update them according to the latest changes.