This course is designed to refresh knowledge and bring you up-to-date with the latest developments of IAS 12 and is therefore suitable for delegates with some existing knowledge of either IFRS or UK GAAP.
IAS 12 covers the accounting treatment of current tax, under and over provisions and deferred tax. Although IAS 12 has been in issue for a number of years, this is quite often an area of significant difference for those that are new to IFRS reporting.
On completion of this course, you will gain an understanding of:
- current tax
- deferred tax (including taxable temporary differences and deductible temporary differences)
- presentation of the deferred tax movement in profit and loss or equity
- treatment of deferred tax on unused tax losses and credits
- measurement of deferred tax