IFRS – Accounting for Income Taxes per IAS 12

Course Access: Lifetime
Course Overview

International Accounting Standard (IAS) 12, Income Taxes, implements a “comprehensive balance sheet method” of accounting for income taxes.  This method recognizes both the current tax consequences of transactions and events, and the future tax consequences of the future recovery or settlement of the carrying amount of an entity’s assets and liabilities.  

This course addresses the proper accounting treatment for both current and deferred income taxes.

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