IAS 12 Deferred Taxes & Tax Proof
Category : IFRS, Consolidation
Duration: 5 days
Understanding deferred taxes is crucial for accurate financial reporting, especially under IAS 12. This program focuses on the principles of accounting for income taxes, including deferred tax assets and liabilities, tax bases, and tax proof. Participants will gain practical insights into how deferred taxes affect financial statements and how to calculate and present tax provisions in accordance with IAS 12.
Learning Objectives
Understand the principles of deferred tax accounting under IAS 12
Calculate deferred tax assets and liabilities
Apply tax proof techniques for financial reporting
Analyze the impact of deferred taxes on financial statements
Training Program
Introduction to IAS 12
Overview of IAS 12 and its significance
Key concepts: taxable profit, current tax, deferred tax
Recognizing and measuring deferred tax assets and liabilities
Quiz: Test your knowledge of basic IAS 12 principles
Deferred Tax Assets and Liabilities
Recognition of deferred tax assets and liabilities
Temporary differences and their role in deferred taxes
Case study: Calculate deferred tax liabilities based on temporary differences
Tax Bases and Calculations
Determining the tax base of assets and liabilities
Calculating deferred taxes under various scenarios
Practical case: Analyze the tax base of assets in a company’s balance sheet
Tax Proof and Reconciliation
The purpose of tax proof in financial statements
Methods for preparing tax reconciliations
Practical case: Prepare a tax proof for a multinational company
Presentation and Disclosure Requirements
Presentation of deferred taxes in financial statements
Disclosure requirements under IAS 12
Case study: Analyze the tax disclosures in a company’s financial statements
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Accountants and financial controllers
Tax professionals and auditors
Financial analysts involved in tax reporting
Finance managers in multinational corporations
Prerequisities
Basic understanding of tax principles and financial reporting
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris