Deferred tax and property revaluations

This three-hour webinar will look at the detailed technical accounting and disclosure requirements for deferred tax and property revaluations and in particular examine:

• Why deferred tax is brought into account
• The tax rates to be used
• Accounting treatments for deferred tax
• Disclosure requirements following the FRC’s periodic review
• Presenting deferred tax in the accounts
• Auditing deferred tax
• How property revaluations affect the accounts
• Common problems associated with property revaluations
• Accounting for investment property and revalued property, plant and equipment
• Interaction with company law where revalued assets are concerned
• Deferred tax on revaluations
• Disclosure requirements
• Auditing revaluations.

This event was recorded on 9 July 2024.

Speaker

Steve Collings FCCA

Steve is a director at Leavitt Walmsley Associates Ltd, a firm of Chartered Certified Accountants based in Sale, Cheshire where he trained and qualified.

Steve specialises in financial reporting (UK GAAP and IFRS), auditing and solicitors’ accounts rules and has lectured extensively to professional accountants in the UK and overseas (most recently in the Caribbean on IFRS and auditing).

Steve is the author of several books on accounting and audit-related issues and has been the author of many articles and whitepapers on financial reporting and auditing topics. He writes extensively for ACCA working closely with our technical advisory department to produce some of our authoritative technical factsheets on financial reporting and audit-related issues for our members. Steve has been awarded Accounting Technician of the Year at the British Accountancy Awards as well as receiving Outstanding Contribution to the Accountancy Profession award.

Steve is on the UK GAAP Advisory Panel at the Financial Reporting Council which has input into the development of UK and Irish accounting standards.