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Purchase this course | $42

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.

Learning Objectives
  • Explore the difference between current and deferred taxes.
  • Discover how to measure, classify, and present deferred tax assets and liabilities.
  • Explore when current and deferred tax assets and liabilities may be offset.
  • Discover how to handle special tax consequences, such as share-based payments, business combinations, and more.
Last updated/reviewed: August 19, 2023

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
2 Reviews (18 ratings)


Anonymous Author
Great course. Found it to be very beneficial for the role that i currently work in.

Anonymous Author
I enjoyed this course, and I found it very informative.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to IFRS – Accounting for Income Taxes per IAS 123:19
  Current and Deferred Treatment6:56
  Defered Tax Special Considerations & Measurement3:10
  Deferred Tax Classification and Presentation & Offsetting Tax Assets and Liabilities3:32
  Disclosure & Share-Based Payments4:16
  Investments in Subsidiaries, Branches, Joint Arrangements, and Associates & Business Combinations4:17
  Other Matters2:28
  Examples & Conclusion17:12
  IFRS - Accounting for Income Taxes per IAS 12 45:10
  Slides: IFRS - Accounting for Income Taxes per IAS 12PDF
  IFRS - Accounting for Income Taxes per IAS 12 Glossary/IndexPDF