Learn foundational concepts to better understand the requirements and guidelines in IAS 12, Income Taxes. Acquire valuable insights to help you perform compliant tax calculations and account for deferred tax assets and liabilities.
You will explore key principles, including:
- current tax calculations,
- deferred tax definition, and
- relevant examples.
Why IFRS Standards are relevant to your work
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Hands-on learning through realistic scenarios
The interactive learning elements and real-life examples in this course will help you implement key concepts to your practice.
The real-world case studies in this course will enable you to apply your new knowledge in a practical way.
Who Will Benefit
- Accounting and finance professionals who work for
private or public multinational organizations that have adopted IFRS
Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
Key Topics
- Current tax calculations
- Deferred tax definition and examples
- Accounting for deferred tax assets and liabilities
Learning Outcomes
- Identify temporary differences and how they are
recognized and measured in the financial statements.
- Determine the proper tax rate to be used in the calculation of deferred tax amounts.