Deferred Tax - IAS 12 Accounting and Auditing

Objectives

To understand the key principles in accounting for deferred tax applying IAS 12 and its relationship with the tax reconciliation note in the financial statements.

Key topics

• The concept of deferred tax and the impact on the financial statements
• Accounting for deferred tax on temporary differences in common areas, e.g. property, plant and equipment
• The relationship with the tax reconciliation note
• Recognition principles of deferred tax assets
• An overview of the presentation and disclosure requirements in the financial statements

Who should attend

All levels of staff in involved in preparing or auditing financial statements prepared under IFRS.