training programme 2018 -...

The 2018 training programme of Cultus Training Academy CC, the training division of FCS, is filled with a variety of informa-

tive and valuable learning for people from all walks of life.

Presentations may vary from beginners to advanced expert level, while some may be specific to the accounting profession,

and other are of interest to the general business community. Our presentations are interactive sessions, where the audi-

ence is encouraged to ask questions or obtain further clarification or discuss a specific problem. Therefore the duration of

the courses stated in this programme is only an indication of the duration of the presentation. We issue signed attendance

certificates at the end of the presentation for attendees who are present throughout the session. CPD hours achieved will

be reflected on this certificate.

Starting in 2017, we are offering the High Impact Management Development Programme continuously. This will be pre-

sented by the Mindspa Institute.

Please browse through our programme for a module that suits your training needs and complete the registration form(s)

on the last page.

Training division of Contact person:

Masadi Ceronio

Email: [email protected]

Telephone: +264-64-215100

Fax: +264-64-215120

Morning sessions:

All the courses start at 08h00 for 08h30, unless otherwise stated.

Afternoon sessions:

start at 13h30 for 14h00

Contents and Times:

Contents and times are subject to change without further notice. Please check our website for the latest schedules: www.fcsnam.com

TRAINING PROGRAMME 2018

fcs.

PAYMENT DETAILS

Costs

Include VAT at 15%, refreshments, detailed printed hand-outs which can be used for future reference by the attendee.

Last date for payment

Two days before course start date. Registrations must be accompanied by proof of payment.

Cash/Cheque

Submit your registration form at any FCS branch and pay at reception.

Refunds

No refund requests will be considered after the last date of registration.

Bank Details

Cultus Training Academy CC Bank: Bank Windhoek, Walvis Bay Branch code: 481-872 Account Number: 8005216766

HOW TO REGISTER

Registration

Please complete the registration form on the last page and fax or email together with proof of payment before or on the last date of registration.

Registration Form

Please complete a separate registration form for each course code.

Cancellations

Note that no cancellations will be accepted less than two (2) days before the course start date.

Last date of registration

2 days before start of session

Copyright

Note that copyright exists in all our materials.

Dress Code

Smart Casual

Seating

Seating is limited, and will be allocated on a first come first serve basis.

Maximum attendees

30 Attendees

Conference Venues

FCS has conference venues available in the following locations:

• Windhoek

• Swakopmund

• Walvis Bay

Conference Facilities

• Air conditioned

• 30 Seats

• Projector and flip charts

• Kitchenette (fully equipped)

• Smaller boardrooms are available (8-10 seats)

Costs

N$1,500.00, plus VAT (per day or part thereof—includes coffee/tea and biscuits)

Catering

• FCS does not provide a catering service. All meals and refreshments should

be arranged by the client.

How To Book

For more details or to book a venue please contact us:

• Windhoek: +264-61-387800; [email protected]

• Swakopmund: +264-64-415100; [email protected]

• Walvis Bay: +264-64-215100; [email protected]

FCS CONFERENCE VENUES

Lynette obtained her B Compt degree from UOFS and her post graduate Hons BCom(Acc) (Cum Laude) and BCompt / CTA from UNISA. Before and after her period of articles Lynette was a senior lecturer in Accounting and Auditing at the University of Namibia and during this time she obtained an Advanced Certificate in Taxation from UNISA. From 2000 to 2004 she was the Tax Manager of the coastal Tax Department of PricewaterhouseCoopers and was promoted to Associate Director in 2005. In 2012 she joined FCS and was admitted as partner in

2013. Lynette is also a member of the Namibia Institute of Professional Accountants (NIPA), and The Institute of Chartered Accountants of Namibia (ICAN).

Karl-Heinz completed his Degree in Accounting Science at the University of South Africa in 2006. Karl-Heinz is intrigued by the workings of the various tax systems and laws. He is also involved in developing and presenting some of the FCS training courses, which are available to FCS staff and the public at large. By offering these training courses, he hopes to increase the accounting and tax knowledge throughout Namibia. He is also a member of the Namibia Institute of Professional Accountants (NIPA).

Jeanine completed her B. Compt degree from UNISA in 2009, and at the end of 2009 she achieved her Honors B. Compt. During this period she also completed her traineeship with NIPA and her articles as CA with FCS Auditors. She is involved in the training of audit staff at FCS, and was admitted as partner in 2013. Jeanine is also a member of the Namibia Institute of Professional Accountants (NIPA), the Institute of Chartered Accountants of Namibia (ICAN) and the Public Accountants and Auditors Board (PAAB).

Bruné obtained her B.Compt Degree from Unisa in 2006 and completed her articles with KPMG. Bruné has worked as an accountant since 2003 after finishing her articles. She joined FCS in March 2017. She enjoys the more technical aspects of accounting and taxation, and is a dedicated and passionate advocate for client service and satisfaction. Bruné is a member of the Namibia Institute of Professional Accountants (NIPA) and the Southern African

Institute of Business Accountants and General Tax Practitioners in South Africa.

Jowina obtained her degrees from the University of Stellenbosch during 2005 - 2008. After that she completed one year of academic articles with the University. She completed her ICAN articles with BDO and qualified as a CA(NAM) in 2011. She then joined Wesbank Transport as Financial Manager before joining FCS as Accounting Manager in May 2016. Jowina is also a member of the Institute of Chartered Accountants (ICAN).

Course Presenters

Johann joined FCS in 2006 at the Swakopmund office as a Junior Trainee Accountant. Later the same year he transferred to the Windhoek office and in 2012 completed his Degree in Accounting Science at the University of South Africa. In January 2015 he was promoted to Manager in the Accounting Department. Johann is also a member of the Namibia Institute of Professional Accountants (NIPA)

Philip obtained a Hons B Rek degree from the University of Stellenbosch, and in later years also a Masters Degree in Business leadership from UNISA. During and after completion of his articles, he lectured part time at the University of Namibia on the subject of auditing. Leaving the audit profession in 1999, he spent the next 18 years in the insurance Industry in various roles in the short-term, long-term and medical insurance fields, as well as reinsurance and software development for the insurance industry. Philip joined PKF-FCS

auditors in 2017 as audit manager in the Windhoek office. Philip is a member of the Institute of Chartered Accountants of Namibia (ICAN), the Institute of Chartered Accountants of South Africa (SAICA), and the Institute of Risk Management of South Africa (IRMSA).

Hendrina obtained her B.Comm Financial Accounting degree in 2006 from the Northwest University (Potchefstroom Campus) and started her career in 2007. In 2010 she completed her articles and in January 2011 she started working at FCS Swakopmund as a senior accountant. Hendrina was promoted to manager of the accounting department in January 2014. She is also a member of the Namibia Institute of Professional Accountants (NIPA).

Kai worked as an articled clerk at Stier Vente in Windhoek from 2003-2007. During this period he completed his B. Compt degree with UNISA in 2006. In 2008 Kai completed his ICAN articles, while he worked at Woermann & Brock as a Financial Manager. From 2009-2010 he worked at Prestige Accounting as a Senior Accountant. Kai joined FCS Windhoek in 2011, and was admitted as partner at FCS on 1 March 2015. Kai is also a member of the Namibia Institute of Professional Accountants (NIPA).

Jana-Marié obtained her Master’s degree from the North West University (Potchefstroom Campus) in 2008 and completed her articles in 2009. In 2010 she moved to Namibia and worked at BDO Windhoek for just over two years. After moving to the coast she joined the FCS team in Walvis Bay as a Senior Accountant in November 2012. She has been Manager of the Accounting department since January 2014. Jana-Marié was appointed as a director in FCS in March 2017. She is also a member of NIPA.

Khumbulani completed his B.ACC Hons from the University of Namibia in 2012 and Post Graduate Diploma in Applied Accounting Science in 2016. Khumbulani joined FCS in August 2016 when PKF merged with FCS. He did his articles during this time with PKF-FCS Auditors and completed it in January 2017. Khumbulani is an Audit Manager with PKF-FCS Auditors in Windhoek. He is passionate about imparting technical knowledge. Khumbulani is also a member of the Institute of Chartered Accountants of Namibia (ICAN).

JP completed his B. Compt from UNISA. In 1997 he completed his Hons. B. Compt, and his CTA in 1998. He completed his Post Graduate Diploma in Auditing in 1999. He headed the Entrepreneurial Division of Ernst & Young in Windhoek from 1998 to 2000. In October 2000 he moved to Walvis Bay where he managed the Ernst & Young office, and in 2005 he was promoted to director. During this period he also acted as training officer in Walvis Bay. From 2006 JP joined Financial Consulting Services CC as a member and as a partner. He registered

FCS Auditors to supplement the wide range of services offered by FCS. JP is a member of the Namibia Institute of Professional Accountants (NIPA), and the Institute of Chartered Accountants of Namibia (ICAN).

Astrid completed her B.Compt from UNISA in 2014 and Hons. B. Compt in 2016. She completed her articles with SGA Chartered Accountants and Auditors during January 2015, after which she joined FCS Auditors. In March 2017 Astrid was appointed as Audit Manager in Walvis Bay. Astrid is a very enthusiastic person and has a true passion for auditing.

Lynette Rautenbach: Hons. B. Compt; NIPA; CA (Nam) (SA); Cert. Adv Tax

Jeanine Du Toit: Hons. B. Compt; NIPA; CA (Nam)

Kai Lauenroth: B. Compt.; NIPA

Hendrina Engelbrecht: B.Comm Fin Acc; NIPA

Khumbulani Ndebele: PGDAAS; CA (NAM) CA (SA)

Jean-Pierre Kouwenhoven: Hons. B. Compt; NIPA; CA (Nam)

Karl-Heinz Schulte: B. Compt; NIPA

Jana-Marié Smit: M.Comm (South African and International Taxation); NIPA

Philip Van Schalkwyk: Hons. B. Rek (Stel) MBL (Unisa) AIRMSA CA (Nam) CA (SA)

Johann Robberts: B. Compt; NIPA

Bruné Pretorius: B. Compt; NIPA

Astrid O'Callaghan: Astrid O’Callaghan: Hons. B. Compt

Jowina Curtis: B.Acc HONS; CA (NAM)

“Tell me and I forget. Teach me and I remember. Involve me

and I learn.” - Benjamin Franklin

TRAINING SCHEDULE 2018 by Course code Course Code Course description Swakopmund Windhoek Walvis Bay Course Presenter(s)

ACC01 Accounting: FCS Work standards and quality 03-08-2018 03-08-2018 K-H. Schulte/H. Engelbrecht/J. Robberts/K. Lauenroth

ACC02 Accounting: Problem Solving Techniques 10-08-2018 10-08-2018 K-H. Schulte/H. Engelbrecht/J. Robberts/K. Lauenroth

AUD01 Audit Introduction 05-03-2018 22-03-2018 A. O’Callaghan/P. Van Schalkwyk/K. Ndebele

AUD02 Audit Intermediate 06-03-2018 23-03-2018 A. O’Callaghan/P. Van Schalkwyk/K. Ndebele

COL01 Basics of the Close Corporation Act 05-07-2018 15-03-2018 (8 hrs) L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical

COL02 Basics of the Companies Act 06-07-2018 16-03-2018 (8 hrs) L. Rautenbach/J. du Toit/A. Engelbrecht-Practical

COL03 Corporate Governance 18-04-2018 13-07-2018 L. Rautenbach/J-P. Kouwenhoven/A. Engelbrecht-Practical

COL04 Understanding Trusts 04-07-2018 16-04-2018 L. Rautenbach/J-P. Kouwenhoven

COL05 Implementing Corporate Governance On demand only On demand only On demand only L. Rautenbach/J-P. Kouwenhoven

IND Induction to FCS 03-09-2018 L. Jansen/C. Hill

IND Induction to FCS 05-03-2018 02-03-2018 L. Jansen/C. Hill

ITX01 Introduction to the Namibian Income Tax Legislation 04-04-2018 27-03-2018 L. Rautenbach/B. Pretorius

ITX02 Advanced Taxation: Income 05-04-2018 28-03-2018 L. Rautenbach/B. Pretorius

ITX03 Advanced Taxation: Deductions 06-04-2018 29-03-2018 L. Rautenbach/B. Pretorius

ITX04 Taxation: Special Matters (Morning) 17-05-2018 14-05-2018 L. Rautenbach/B. Pretorius

ITX05 PAYE and Prov Tax: the rules 18-05-2018 15-05-2018 L. Rautenbach/B. Pretorius

ITX06 Taxation: Administration of the Act (afternoon) 17-05-2018 14-05-2018 L. Rautenbach/B. Pretorius

LEG01 Social Security, Employees’ Compensation & VET 22-06-2018 12-03-2018 A. Engelbrecht/L. Jansen

LEG02 Labour Act - Conditions of Employment 08-06-2018 01-06-2018 L. Willers

LEG03 Legal Bits – Fixed Property 16-05-2018 14-06-2018 L. Rautenbach/K. Lauenroth/J-P. Kouwenhoven

LEG04 Legal Bits – Finance 21-09-2018 20-09-2018 L. Rautenbach/K. Lauenroth/J-P. Kouwenhoven

MDP Management Development Programme 09 to 13 April 2018 05 to 09 March 2018 MindSpa

PCT01 Excel - Basics 09-03-2018 09-03-2018 K-H. Schulte/J. Robberts/P. Van Schalkwyk

PCT02 Excel – Intermediate 09-03-2018 09-03-2018 K-H. Schulte/J. Robberts/P. Van Schalkwyk

PCT03 PAPAS Payroll 28-05-2018 08-03-2018 A. Engelbrecht

PCT04 PAPAS Administration 28-05-2018 08-03-2018 A. Engelbrecht

SST 01 Time Management 12-10-2018 05-10-2018 L. Rautenbach/J. Curtis/K. Lauenroth

SST02 Business Communication & Etiquette 19-10-2018 26-10-2018 L. Rautenbach/J. Curtis/K. Lauenroth

VAT01 Introduction to the Namibian Value-Added Tax

Legislation

01-03-2018 13-03-2018 J. Du Toit/J-M. Smit

VAT02 Periodic VAT Reconciliations 02-03-2018 14-03-2018 J. Du Toit/J-M. Smit

VAT03 Special Matters and Administration of the Act 02-03-2018 14-03-2018 J. Du Toit/J-M. Smit

VAT04 VAT returns and audit 01-03-2018 13-03-2018 J. Du Toit/J-M. Smit

SWK WVB WHK Course Code Course description Presenter 05 March 2018 02-03-2018 IND Induction to FCS L. Jansen/C. Hill

01 March 2018 VAT01 & 04 Introduction to the Namibian Value-Added Tax Legislation (am); VAT returns and audit (pm) J. Du Toit/J.-M. Smit

02 March 2018 VAT02 & 03 Periodic VAT Reconciliations (am); Special Matters and Administration of the Act (pm) J. Du Toit/J.-M. Smit

05 March 2018 AUD01 Audit Introduction P. Van Schalkwyk/K. Ndebele/A. O' Callaghan

05 - 09 March 2018 MDP Management Development Programme Mindspa

06 March 2018 AUD02 Audit Intermediate P. Van Schalkwyk/K. Ndebele/A. O' Callaghan

08 March 2018 PCT04 & 03 PAPAS Administration (am); PAPAS Payroll (pm) A. Engelbrecht

09 March 2018 09 March 2018 PCT01 & 02 Excel - Basics (am); Excel – Intermediate (pm) K.-H. Schulte/J. Robberts/P. Van Schalkwyk

12 March 2018 LEG01 Social Security, Employees’ Compensation & VET A. Engelbrecht/L. Jansen

13 March 2018 VAT01 & 04 Introduction to the Namibian Value-Added Tax Legislation (am); VAT returns and audit (pm) J. Du Toit/J-M. Smit

14 March 2018 VAT02 & 03 Periodic VAT Reconciliations (am); Special Matters and Administration of the Act (pm) J. Du Toit/J-M. Smit

15 March 2018 COL01 Basics of the Close Corporation Act L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical

16 March 2018 COL02 Basics of the Companies Act L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical

22 March 2018 AUD01 Audit Introduction P. Van Schalkwyk/K. Ndebele/A. O' Callaghan

23 March 2018 AUD02 Audit Intermediate P. Van Schalkwyk/K. Ndebele/A. O' Callaghan

27 March 2018 ITX01 Introduction to the Namibian Income Tax Legislation L. Rautenbach/B. Pretorius

28 March 2018 ITX02 Advanced Taxation: Income L. Rautenbach/B . Pretorius

29 March 2018 ITX03 Advanced Taxation: Deductions L. Rautenbach/B. Pretorius

04 April 2018 ITX01 Introduction to the Namibian Income Tax Legislation L. Rautenbach/B. Pretorius

05 April 2018 ITX02 Advanced Taxation: Income L. Rautenbach/B. Pretorius

06 April 2018 ITX03 Advanced Taxation: Deductions L. Rautenbach/B. Pretorius

09 - 13 April 2018 MDP Management Development Programme Mindspa

16 April 2018 COL04 Understanding Trusts L. Rautenbach/J-P. Kouwenhoven

18 April 2018 COL03 Corporate Governance

L. Rautenbach/J-P. Kouwenhoven/A. Engelbrecht-Practical

14 May 2018 ITX04 & 06 Taxation: Special Matters (am); Taxation: Administration of the Act (pm) L. Rautenbach/B. Pretorius

15 May 2018 ITX05 PAYE and Prov Tax: the rules L. Rautenbach/B. Pretorius

16 May 2018 LEG03 Legal Bits – Fixed Property K. Lauenroth/L. Rautenbach/J-P. Kouwenhoven

17 May 2018 ITX04 & 06 Taxation: Special Matters (am); Taxation: Administration of the Act (pm) B. Pretorius/L. Rautenbach

18 May 2018 ITX05 PAYE and Prov Tax: the rules B. Pretorius/L. Rautenbach

28 May 2018 PCT04 & 03 PAPAS Administration (am); PAPAS Payroll (pm) A. Engelbrecht

01 June 2018 LEG02 Labour Act - Conditions of Employment L. Willers

08 June 2018 LEG02 Labour Act - Conditions of Employment L. Willers

14 June 2018 LEG03 Legal Bits – Fixed Property L. Rautenbach/K. Lauenroth/J-P. Kouwenhoven

22 June 2018 LEG01 Social Security, Employees’ Compensation & VET A. Engelbrecht/L. Jansen

04 July 2018 COL04 Understanding Trusts L. Rautenbach/J-P. Kouwenhoven

05 July 2018 COL01 Basics of the Close Corporation Act L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical

06 July 2018 COL02 Basics of the Companies Act L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical

13 July 2018 COL03 Corporate Governance

L. Rautenbach/J-P. Kouwenhoven/A. Engelbrecht (Practical)

03 August 2018 03 August 2018 ACC01 Accounting: FCS Work standards and quality H. Engelbrecht/K.-H. Schulte/K. Lauenroth/J. Robberts

10 August 2018 10 August 2018 ACC02 Accounting: Problem Solving Techniques H. Engelbrecht/K.-H. Schulte/K. Lauenroth/J. Robberts

03 September 2018 IND Induction to FCS L. Jansen/C. Hill

20 September 2018 LEG04 Legal Bits – Finance L. Rautenbach/K. Lauenroth/J-P. Kouwenhoven

21 September 2018 LEG04 Legal Bits – Finance L. Rautenbach/K. Lauenroth/J-P. Kouwenhoven

05 October 2018 SST 01 Time Management L. Rautenbach/J. Curtis/K. Lauenroth

12 October 2018 SST 01 Time Management L. Rautenbach/J. Curtis/K. Lauenroth

19 October 2018 SST02 Business Communication & Etiquette L. Rautenbach

26 October 2018 SST02 Business Communication & Etiquette L. Rautenbach

TRAINING SCHEDULE 2018 by date

Aimed at: Audit trainees

This presentation is designed as an entry level module explaining basic auditing concepts, the governing bodies of the audit profession and the rules that auditors have to abide by.

Specific areas addressed include:

• Audit vs Review Engagements

• The different roles of ICAN and PAAB

• Training regulations - training contract requirements

• Training regulations - how do I become a Chartered Accountant?

• Training regulations - duties and responsibilities of the trainee accountant

• Training regulations - duties and responsibilities of the training officer

• Code of Professional Conduct

• Acceptance of gifts / hospitality from clients

• Timesheet - why?

• Due care and quality of work

• Lifelong learning and CPD

• Ethics - Fundamental principals

AUD01—Audit Introduction

AUD02—Audit Intermediate

Aimed at: FCS staff only.

Discussion on our legal and moral obligation towards our clients, quality requirements in terms of our Institute and IFAC regulations, accepting responsibility for our work, honouring the cli-ent's trust placed in us.

Detailed workshop:

• Step by step guide to our working papers, WHY we do it; WHEN we do it and HOW we do it;

• Work to be performed on each section of the WP file and documenting steps;

• Minimum supporting documentation for each section that must be on file;

• Analytical review procedures;

• Reaching a conclusion; drafting the appropriate accounting officer's report' review notes and file review by partner;

• Signing off AFS.

ACC01 — Accounting: FCS work standards and quality

Aimed at: Accounting trainees, Bookkeeping staff, Client processing staff.

This presentation is a practical workshop on how to:

• get any reconciliation to balance, then applying appropriate action to resolve reconciling items where required.

• What is a reconciliation and why is it done;

• Reconciling any two sets of numbers;

• Step-by-step: Avoid distractions, keep focused;

• Verifying your reconciling items, take action;

• Common problem areas when doing: Opening Balance reconciliations; Bank reconciliations; Creditors reconciliations;

• Intercompany account reconciliations;

• Balancing any financial report being prepared from underlying information, finding mistakes on out-of-balance reports swiftly;

• Analytical review – how to perform and which criteria to set and which ratios to use; quick check on finance charges;

• Preparing financial information from incomplete records – detailed guide;

• The last 5 minutes of every job are the most important ones.

ACC02 — Accounting: Problem solving techniques

Level: General Course Presenter: K-H. Schulte/H. Engelbrecht/L. Lauenroth/J. Robberts

Cost (all others): n/a Cost (clients, NIPA, ICAN): n/a

Maximum attendees: 30 Course duration: 5 hours

Level: Intermediate Course Presenter: K-H. Schulte/H. Engelbrecht/L. Lauenroth/J. Robberts

Cost (all others): N$1395.00 Cost (clients, NIPA, ICAN): N$1050.00


Level: Beginners/Intermediate Course Presenter: P. Van Schalkwyk/K. Ndebele/A. O' Callaghan



Level: Intermediate/Advanced Course Presenter: P. Van Schalkwyk/K. Ndebele/A. O' Callaghan



Aimed at: Second and third year audit Trainees

Specific areas addressed include: • ISQC1 • The importance of independence

• The auditing process (an overview): • Planning

• Field work • Conclusion

• Reporting • Audit plan vs audit approach

• Internal controls tests vs substantive tests • Materiality

• Business vs Audit risks and the effect thereof on the audit approach

Aimed at: Directors of private companies; members of Close Corporations; Practising Account-ants and Auditors; Financial Managers and Accountants.

This presentation is specifically aimed at executive management members of legal entities, ex-plaining the legal duties imposed and potential personal liability that may be (unwittingly) in-curred.

The areas addressed include:

• Constitution of a company;

• different types of companies in Namibia;

• constitution of a Close Corporation;

• The role of the different stakeholders in a company - shareholders, directors, CEO, Com-pany Secretary, internal and external auditors;

• Provisions of the Memorandum & Articles of Association;

• Duties imposed by legislation;

• The fiduciary duty concept explained;

• Personal liability incurred by directors; Personal liability incurred by members;

• Directors Fees - remuneration for holding of office & implications;

• Warning signs in financial reports that directors need to react to.

COL03—Corporate Governance

Aimed at: Trustees, Founders and Beneficiaries of Trusts, Financial Managers and Accountants. To have a trust has become fashionable—but does it serve it’s purpose? What exactly is a Trust and what needs to be considered? This presentation aims at explaining the different types of trusts used most commonly, how a trust is constituted and what are the common pitfalls. • Types of Trust explained: Testamentary trust, inter vivos trusts, discretionary and endow-

ment trusts, business and special trusts such as bewind trusts. • When to use a Trust; • The Trust Deed: What it must contain and why 'generic' deeds are not recommended; • The founder, trustee and beneficiary - roles and responsibilities; • Authority of Trustees and the Turquand rule; • Resolutions and administration; • Removal / resignation of Trustees; • Master of the High Court. • Followed by a practical session on completion of various Trust forms.

COL04—Understanding Trusts

Aimed at: All Trainees, Company Secretarial staff; members of Close Corporations.

• Various business forms available in Namibia;

• What is a juristic person?

• CC Registration, deregistration, conversion and their effects;

• Membership in a CC: qualification of members, fiduciary duties of members; acquisition and disposal of membership; distributions and loans to members;

• Association Agreements: what is governed? What happens in the absence of an AA?

• External relationships: Pre-incorporation contracts, power of members to bind CC, when do members incur personal liability for debts of the CC;

• Accounting records: Definition of accounting records, Annual Financial Statements & finan-cial yearend;

• Accounting officer: appointment, rights & duties.

• Followed by practical session on completion of various CC forms.

COL01—Basics of the Close Corporation Act

Aimed at: All Accounting and Audit Trainees, Company Secretarial staff; Directors of Companies.

The areas addressed include:

• Types of Companies available in Namibia and how a Company is constituted.

• What is the Memorandum and Articles of Association, and what is governed by it?

• Conversions of Companies and Close Corporations: requirements and effect thereof;

• External relationships including pre-incorporation contracts;

• Shares: Are Companies allowed to provide financial assistance to a third party to acquire shares in that Company? Are Companies allowed to acquire its own shares? How do share transfers work?

• Directors: Who may act as a Director? The role of directors, their fiduciary and other duties; personal liability risk of directors; What are the powers, duties and risks associated with al-ternate directors?

• Auditors: Why should a company be audited? Should all companies be audited? The appoint-ment, removal and resignation procedures for auditors; rotation of auditors—is this a re-quirement in terms of the Companies Act? The rights and duties of an auditor.

• What are the accounting requirements for a company in terms of the Companies Act?

• Followed by practical session on completion of various Company forms.

COL02—Basics of the Companies Act

Level: Beginners Course Presenter: L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical



Level: Beginners/Intermediate Course Presenter: L. Rautenbach/J-M. Smit/A. Engelbrecht-Practical



Level: Advanced Course Presenter: L. Rautenbach/J-P. Kouwenhoven/A. Engelbrecht

(Practical)



Level: Beginners/Intermediate Course Presenter: L. Rautenbach/J-P. Kouwenhoven/H. Hecht/ S.

Chamberlain



COL05—Implementing Corporate Governance

Aimed at: Directors of companies; Professional Accountants. No Fixed dates are set in our training calendar; we offer this topic only on demand. This presentation revolves around all Corporate Governance issues, board committees, the balancing of executive powers within a company, reporting structures, authority levels and numerous other facets as recommended by the King III report. This presentation is offered as a tailor-made package which involves some interaction between the course presenter and the company ahead of time to focus on specific areas of concern. The presentation can also be offered as a general presentation to an audience from different entities. • How a company is constituted, Memorandum and Articles of Association, formation of

different types of companies; • The role of shareholders, external auditors, internal auditors and directors; fiduciary and

other duties of directors, personal liability risk of directors, executive and non-executive directors;

• Background and origin of the “Corporate Governance” concept; • King’s Report III: Corporate citizenship and ethics; Directors, Boards and their

subcommittees; Audit, Nomination, Risk, Remuneration and other committees; Governing stakeholder relationships; Integrated reporting and disclosure.

ITX01—Introduction to the Namibian Income Tax

Legislation

Aimed at: First and Second year trainees, Bookkeepers, Junior Tax Consultants, Tax Compliance officers, Accounting staff. 1. The history of taxation; 2. The different forms of taxation; 3. The taxes applicable in Namibia; 4. Income Tax in Namibia:

• Terminology; • Gross Income; • Exempt Income; • The general deduction formula and Capital Allowances; • Special provisions - Farming; • Special provisions - Individuals;

Practical Examples: • Salaried taxpayer with allowances; • Individual - trading as; • Individual - farming operation.

Aimed at: Practising accountants and Auditors, Audit managers, Senior Accountants, Senior Tax Compliance Officers.

The course is very technical and deals inter alia with an in-depth detailed analysis of the defini-tion of Gross income as per the Income Tax Act, with reference to a host of decided Court Cases.

Specific areas address include:

• When will an amount received by or accrued to a taxpayer be included in taxable income?

• What constitutes an amount where the value is disputed?

• The source principle - how does it work, cross border operations and when is an amount taxable in Namibia?

• What are the requirements before an amount qualifies as an amount of a capital nature?

• When are deposits to be taxed in the year received?

• Damages & Compensation - when do receipts constitute taxable income?

• Exempt Income.

Numerous further issues are discussed - all a tax practitioner needs to know when dealing with amounts received.

ITX02—Advanced Taxation: Income

Level: Advanced Course Presenter: F.H. Moormann

Cost (all others): price on request Cost (clients, NIPA, ICAN): Price on request


Level: Beginners Course Presenter: L. Rautenbach/B. Pretorius



Level: Advanced Course Presenter: L. Rautenbach/B. Pretorius



Aimed at: Practising Accountants and Auditors, Audit managers, Senior Accountants; Senior Tax Compliance Officers.

The presentation is very technical and deals with a detailed analysis of the deductions available under the Income Tax Act, with reference to a host of decided Court Cases.


• What exactly is the "general deduction formula"?

• When can a taxpayer be said to be "carrying on a Trade"?

• The requirements of "Actually incurred" and "in the production of income" explained;

• Amounts specifically prohibited from deduction;

• Capital Expenditure - what can be claimed and what not;

• Why is repairs & maintenance expenditure classified as capital expenditure and when can it be claimed?

• Interest expenditure - when does it qualify for deduction and why may interest on a loan used to acquire shares / members interest usually not be deducted?

• Forex Gains & Losses—what may be claimed and when?

Various other deductions are discussed - this presentation may hold a few surprises even for seasoned tax consultants.

ITX03—Advanced Taxation: Deductions




ITX04—Taxation: Special matters

Aimed at: Tax Practitioners, Accountants, Senior Trainees, Senior Tax Compliance Officers. Special Issues: • The application and effects of Double Taxation Agreements; • Non-residents shareholder's tax; • Taxes on services rendered by non-residents; • Taxes on royalties and related matters; • Persons carrying on business beyond Namibia's borders; • Ring-fencing provisions; • Mining Taxes - special provisions.

Aimed at: Tax Practitioners, Accountants, Senior Trainees, Senior Tax Compliance Officers.

Preparing a provisional tax estimate; PAYE on earnings from partnerships and members' salaries; directors earnings; PAYE on fringe benefits; Using the tax scales and identifying differences be-tween tax assessment and self-assessment; Provisional tax is not an exemption from or substi-tute for PAYE; The Provisional Tax regulations, definitions and due dates; Provisional Tax penal-ties, additional tax and interest;

Onus to submit Provisional tax return on taxpayer;

Due dates and extension of time.

ITX05—PAYE and Provisional tax: the rules




Level: Intermediate Course Presenter: L. Rautenbach/B. Pretorius



ITX06—Taxation: Administration of the Act

Level: Intermediate Course Presenter: L. Rautenbach/B. Pretorius



Aimed at: Tax Practitioners, Accountants, Senior Trainees, Senior Tax Compliance Officers. Administration of the Act: • The Constitution and the Income Tax Act; • Objections and appeals, the Tax Tribunal and beyond; • Administrative law underpinnings of the Income Tax Act; • The courts view on the levying of penalties and quantum thereof; • Rights of the taxpayer.

Aimed at: Bookkeeping trainees, HR staff. Social Security:

• Why and how to register as an employer and employee; • Maternity leave; sick leave and death benefit fund;

• Contributions calculations and returns; • Where and how to make payments? • Maternity leave;

• Sick leave; • Death, retirement or disability fund;

• Forms to use Employees’ Compensation:

• Membership and registration; • Objective of EC; • Who is an employee;

• EC Benefits; • Forms to use. VET levy: Summary of registration and payment procedures and who qualify to register.

LEG01—Social Security, Employees’ Compensation & VET

Level: General Course Presenter: A. Engelbrecht/L. Jansen



Aimed at: HR and payroll staff.

Conditions of employment:

This training course addresses the basic conditions of employment and the frequent questions asked by staff and HR employees.

• Remuneration: Calculation of remuneration and basic wages;

• Hours of work:

• Leave: Annual leave, sick leave, maternity leave;

• Termination of employment: Notice period.

LEG02—Labour Act: Conditions of employment

Level: Intermediate Course Presenter: L. Willers



Aimed at: Financial Managers, Accountants, Senior Bookkeepers, Trainees.

Legal Bits modules cover a variety of ancillary pieces of legislation, which are time and again encountered on the fringes of the accounting profession. This presentation deals with the fol-lowing:

• Property Ownership, joint ownership, sale in execution;

• Property rights - Real rights, limited rights, prescription, Bare dominium and usufruct, mining rights, calculating the value of a usufruct, tax and transfer duty implications;

• Buying a property - Principles of contract, the Title Deed, servitudes, endorsements, financ-ing options and interest calculations, calculating transfer duties, calculating bond registration costs;

• Sectional Titles Act & Regulations - establishing a sectional title plan, what is common and exclusive property, duties of trustees, house-rules, calculation of levies, audit requirements;

• Leasehold improvements - accounting and tax treatments;

• Municipal rates and taxes - The valuation roll, rates on land and on buildings.

LEG03—Legal Bits: Property

Aimed at: Financial Managers, Accountants, Senior bookkeepers, trainees.

• Foreign Investment Act - Status Investments, trades prohibited for foreigners, foreign ex-change regulations, EPZ status;

• Customs Duties & Excise - the Tariffs, proper codification of goods, calculation of duties, in-fant industry protection, excise duties explained;

• Other levies - Casino & Gambling Houses Act, Agronomy Industry Act, Sea Fisheries Act, Ex-port levy;

• Stamp Duties Act - what attracts stamp duties, the rates, effect of non-compliance;

• Usury Act - the limitations imposed on interest charges and workings of the in-duplum rule;

• Financial Intelligence Act - KYC procedures required under the act;

• Second Hand Goods Act - Certificates required & validity, procedures and affected persons.

LEG04—Legal Bits: FINANCIAL

Level: Intermediate Course Presenter: L. Rautenbach/J-P. Kouwenhoven/K. Lauenroth



Level: Intermediate Course Presenter: L. Rautenbach/J-P. Kouwenhoven/K. Lauenroth



Aimed at: Junior trainees, Excel users.

This presentation is aimed at Excel users with no or limited prior exposure to Excel:

• Creating workbooks and templates; organizing folders;

• Basic commands - moving around the sheets and within the workbook, viewing options, copy & paste;

• Formatting text, numbers and using highlights; aligning, wrapping and merging text;

• Inserting rows, columns, sheets, pictures, clipart, textboxes and shapes;

• Printing, setting print areas, page breaks, margins, orientation, titles;

• Working with numbers, autosum, commands for basic mathematical functions, autofill com-mands.

PCT01—Excel: BASICS

Level: Beginners Course Presenter: K-H. Schulte/J. Robberts/P. Van Schalkwyk



Aimed at: Trainees, Excel users.

This presentation is aimed at Excel users with a sound basic knowledge of Excel:

• Using Pivot tables / ordinary tables and grouping data;

• Lookup functionalities & range names;

• Graphs;

• Data sorting, filtering, validations;

• Formulas - selection of formulas used commonly by accountants;

• Protecting sheets and workbooks, tracking changes.

PCT02—Excel: INTERMEDIATE

Level: Beginners/Intermediate Course Presenter: K-H. Schulte/J. Robberts/P. Van Schalkwyk



PCT03 —PAPAS payroll

Aimed at: FCS STAFF ONLY: PAPAS users; Bookkeeping staff; Payroll administrators

The complete payroll solution demonstrated.

• Setting up Payroll where no PAPAS Database / T&B module is present - Tax tables, Employee details, Leave types, staff grades;

• Creating earnings, fringe benefits values, deductions, company contributions and leave entitlements;

• The Employee Wizard;

• Setting up staff loan controls, interest charges and deductions;

• Social Security, Workman's Compensation, PAYE, VET reports, PAYE Certificates;

• All payroll reports, sick leave by workday, budget comparison;

• HR reports & document management;

• Extracting Employment Equity Statistics.

PCT04 —PAPAS administration

Aimed at: FCS STAFF ONLY: PAPAS users; Company Secretarial Staff; Tax Administration staff;

This presentation explains the functionalities of the database and secretarial / tax functionalities of PAPAS.

• Setting up a company, users, password and other templates;

• Setting up annual tax tables, Annual Duty rates, VAT categories and rates;

• Using Client relationship Module, task scheduling, KYC detail & risk ratings of clients;

• Creating / importing clients & client groups, engagement letters and details;

• Bulk handling of Provisional tax, Annual Duty, Extensions of time, letters to clients & more;

• Bulk invoicing / Bulk forms printing, bulk invoicing options and different groupings;

• Company / CC secretarial records, details & reports;

• Tax report extraction - submission control, balances, pending objections & more;

• Tracking of pending documents.

Level: Intermediate Course Presenter: A. Engelbrecht



Level: General Course Presenter: A. Engelbrecht



SST01—Time Management

Level: General Course Presenter: L. Rautenbach/J. Curtis/K. Lauenroth



Aimed at: All professional people; anyone battling to organize himself.

1. What is time management

2. Identifying the time thieves

3. Organise email traffic, phone calls and interruptions

4. Self-inflicted sabotage

5. OHIO - Only Handle It Once

6. Keeping focus and time

7. The power of delegation - how to do it properly

8. Balancing work and private time

9. Your time plan

Aimed at: All professional people; managers; Head of departments;

This presentation deals with communication and etiquette in the business sector. Topics cov-ered:

• Different modes of Communication

• Communication models within a company

• Barriers to good communication

• Body Language as a mode of communication

• Multicultural communication in a business

• Verbal; Oral; Written communication

• Persuasive interaction and ethical considerations

• Handling conflict

Effective communication is the lifeblood of any business and almost everything we do in a busi-ness involves communication. This presentation will provide you with valuable information to become a skilled communicator.

SST02—Business Communication and Etiquette

Level: General Course Presenter: L. Rautenbach/J. Curtis/K. Lauenroth



Aimed at: All Trainees, Bookkeepers, Junior Tax consultants, client Bookkeeping staff.

10 step guide on how to properly account for VAT; How to correctly complete VAT returns; Common pitfalls experienced and how to avoid them.

• How to choose the correct approach;

• Communication with Inland Revenue;

• Finalising the audit and findings;

• Taxpayer's rights;

• VAT audits.

Aimed at: All Trainees, Bookkeepers, Junior Tax consultants, client Bookkeeping staff.

1. Structure of the VAT Act

2. Objections & appeals

3. VAT refunds and Tax relief

4. Interest, offences and penalties

5. Variation of Tax rates

6. Schemes for obtaining of tax benefits

7. Overcoming difficulties and abnormalities

8. Representative taxpayers

The presentation is an extension of the VAT 01 module and covers all auxiliary aspects not dealt with in that presentation.

Aimed at: All Trainees, Bookkeepers, Junior Tax Consultants, Tax compliance officers, client Bookkeeping staff.

This practical presentation contains a step-by-step guide on how to reconcile the accounting profit of a registered person to the VAT payments done. The aim is to equip attendees with the tools to perform such reconciliation right down to the last cent - be it for a single VAT period or multiple periods (e.g. a financial year).

An invaluable tool to establish potential or unidentified VAT liabilities of any registered person; finding all Vatable items that have not been claimed and all items that have been claimed but should not have been.

VAT01 — Introduction to the Namibian Value-Added Tax legislation

VAT02 — Periodic VAT Reconciliations

VAT 03—Special matters and administration of the Act

VAT 04—VAT returns and Audit

Aimed at: All Trainees, Bookkeepers, Junior Tax consultants, Tax compliance officers, client Bookkeeping staff.

This presentation is designed as an entry level module explaining the basic provisions of the VAT Act.


• Basic understanding and background on how VAT works

• Section 6 - the critical factors involved in the VAT legislation discussed in detail

• What constitutes a supply

• The timing of supply rules

• The value of supply rules

• What constitutes a taxable activity

• Exempt and Zero-rated supplies

• Import VAT and Exempt imports

Level: Beginner/Intermediate Course Presenter: J. Du Toit



Level: Intermediate Course Presenter: J. Du Toit



Level: Intermediate Course Presenter: J. Du Toit



Level: Beginner/Intermediate Course Presenter: J. Du Toit



MDP - HIGH IMPACT MANAGEMENT DEVELOPMENT PROGRAMME

Date Venue Start time End time

5 to 9 March 2018 Walvis Bay 08h30 16h30

9 to 13 April 2018 Windhoek 08h30 16h30

High Impact Management Development Programme

presented by the MindSpa Institute

In order to assist employers with the soft skill training of managers and aspiring managers we are presenting a Mini-MDP programme continuously. Participation can be for the full 5 days or only certain modules. Course content will not change for the next 2 years, therefore attendees can spread their attendance over two years instead of all modules in year one.

Walvis Bay Venue address: FCS Conference centre , 128 6th Street, Walvis Bay

Walvis Bay registration deadline: 20 February 2018

Windhoek Venue address: FCS Conference centre, 3 Kerby Street, Windhoek

Windhoek registration deadline: 20 March 2018

The High Impact MDP will cover 3 Modules presented over 5 days as follows:

• Module 1 and 2 (Two days): Develop your Leadership and Emotional Intelligence

• Module 3 and 4 (Two days): Effective Communication, Presentation and negotiation skills and Change and Continuous Improvement

• Module 5 (1 Day): Delegation skills

Costs: N$5000.00 (Excl VAT) per delegate for 2 day Module

N$2800.00 (Excl VAT) per delegate for 1 day module

Aimed At: Middle Management Level Employees; Supervisors; Team Leaders; Employees Who Have Been Earmarked for Succession Into Management.

Registration: Space will be limited. Please register your delegates on the registration form attached and return to [email protected] before the due date.

“This 5 day programme is a training invention that will equip the attendees not only with a list of actions

all leaders and managers should take and which mistakes to avoid, but also how to build and lead teams to

great performance. The programme will cover all aspects related to leadership and management

requirements in today’s business world, including managing change, continuous improvement, strategic

planning, implementation and monitoring, communicating powerfully and effectively motivating and

inspiring a team through emotionally intelligent behavioural management of people. It will provide them

with the knowledge and know-how to ensure sustainable successful leadership and management into the

future and help them to be smart with people.”

Registration Form

MDP registration form Course: High Impact Management Development

Programme

Course date:

Training Venue

Cost: (VAT Inclusive)

Total attendees registered:

Total payment per course:

Company name:

Invoice name and address:

E-mail:

Can we add your e-mail address to our distribution list for training information?

(please tick appropriate box)

Yes No

Telephone number:

Fax Number:

Attendee(s) (Please list full names below

– these names will appear on certificates

issued.)

Module 1 & 2

(N$ 5000.00

excl VAT per

delegate)

Module 3 & 4

(N$ 5000.00

excl VAT per

delegate)

Module 5

(N$ 2800.00

excl VAT per

delegate)

PLEASE SIGN HERE:

Course code:

Course date:

Training Venue (please specify):

Cost (VAT inclusive) - FCS Clients; NIPA; ICAN:

Cost (VAT inclusive) - Others:

Total Attendees registered for course:

Total payment per course:

Company name:

Invoice name and address:

Email:

Can we add your email address to our distribution list for training information?

(please tick the appropriate box)

YES NO

Telephone number:

Fax number:

Attendee(s) (Please list the name and surname of each attendee below):

PLEASE SIGN HERE:

Contact person: Masadi Ceronio

Email: [email protected] Telephone: +264-64-215100

Fax: +264-64-215101

Please complete the registration form and email or fax to the below address.

fcs.

Training division of

fcs.

Training division of

Please complete the registration form and email or fax to the below address.

Contact person: Masadi Ceronio

Email: [email protected] Telephone: +264-64-215100

Fax: +264-64-215101

training programme 2018 -...

Documents