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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 17, 2018

Prerequisites

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:19Introduction to IFRS – Accounting for Income Taxes per IAS 12
  6:56Current and Deferred Treatment
  3:10Defered Tax Special Considerations & Measurement
  3:31Deferred Tax Classification and Presentation & Offsetting Tax Assets and Liabilities
  4:15Disclosure & Share-Based Payments
  4:17Investments in Subsidiaries, Branches, Joint Arrangements, and Associates & Business Combinations
  2:28Other Matters
  17:11Examples & Conclusion
CONTINOUS PLAY
  45:07IFRS – Accounting for Income Taxes per IAS 12
SUPPORTING MATERIALS
  PDFSlides: IFRS – Accounting for Income Taxes per IAS 12
  PDFIFRS – Accounting for Income Taxes per IAS 12 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM