IFRS: IAS 12 - Income Taxes

Financial accounting & reporting

Course

IFRS: IAS 12 - Income Taxes

Instructor: AICPA Professional Development Staff

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    2 hours

The purpose of this course is to familiarise you with the guidance on accounting for income taxes as described in IAS 12, Income Taxes. The objective of IAS 12 is to prescribe the accounting treatment for income taxes.

Learning outcomes

  • Learning outcomes: Upon completion of this course, you will be able to: Demonstrate an understanding of temporary differences, both taxable and deductible, and to be able to account for their effects on future taxable income
  • Calculate the appropriate balance for tax expense, deferred income tax liability or deferred tax asset, and current tax payable for the end-of-period financial statements
  • Classify deferred tax assets and deferred tax liabilities on the statement of financial position
  • Determine the proper accounting for tax loss carrybacks and carry forwards
  • Determine the proper tax rate to be used in the calculation of deferred tax amounts
Full description

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

The purpose of this course is to familiarise you with the guidance on accounting for income taxes as described in IAS 12, Income Taxes. The objective of IAS 12 is to prescribe the accounting treatment for income taxes.

Who should take this course?

  • Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: Multinational organisations
  • US-based subsidiaries of foreign parent corporations
  • US-based parent companies with international subsidiaries that have adopted IFRS
  • Public companies
  • Large private companies
  • Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 2 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:Familiarity with financial reporting and accounting principles under IFRS
Programme level:Basic
Duration:2 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA Professional Development Staff