Learning outcomes

What will you learn?

How to recognize and measure current and deferred tax under IAS 12.

The concept of temporary differences and how they affect deferred tax.

Key definitions: tax base, taxable and deductible temporary differences, deferred tax assets and liabilities.

How to account for tax effects in business combinations, revaluations, and investment properties.

Practical examples demonstrating tax treatment in different reporting scenarios.

Participants

Who is this course designed for?

Accountants and finance professionals working with IFRS-based financial reporting.

Auditors and tax consultants seeking clarity on deferred tax implications.

Financial controllers and preparers of consolidated financial statements.

Students and learners aiming to strengthen their understanding of IFRS principles.

Pre-requisites

Necessary Qualifications

A background in accounting, finance, or a related field.

Familiarity with basic financial statement components.

Prior exposure to IFRS or national tax accounting standards is recommended but not required.

Course Content

What will you study?

Objective and scope of IAS 12.

Definitions: current tax, deferred tax, temporary differences.

Recognition of current and deferred tax assets and liabilities.

Measurement and presentation principles.

Tax implications of revaluations, goodwill, and business combinations.

Disclosure requirements and examples.