Tax Accounting and Disclosures (IAS 12)

Objectives

This webinar will cover the key principles in accounting for deferred tax applying IAS 12 and its relationship with current tax. It will provide details of disclosure requirements including 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
• Recognition principles of deferred tax assets
• The relationship with current tax and deferred tax and presenting the tax reconciliation note
• An overview of the presentation and disclosure requirements for current tax and deferred tax

Who should attend

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