IFRS®: Income Taxes (IAS 12)
Managing current and deferred taxes involves several complexities. You'll examine IAS 12, Income Taxes, which provides the information required to address tax provisions under IFRS® Standards.
Format
Online
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
1
Author(s)
AICPA and CIMA staff, Helen Kerrigan
Availability
1 year
Product Number
IFRSCERTN25SSO
International accounting principles for income taxes decoded
Understanding the foundational concepts, requirements, and guidelines under IAS 12, Income Taxes, is a vital step toward mastering accurate tax calculations and effectively accounting for deferred tax assets and liabilities.
Your exploration will connect to relevant examples and cover key principles, such as:
- Current tax calculations
- Deferred tax definition
- Tax losses
- Temporary differences
Why IFRS Standards are relevant to your work
Many of the world's largest capital markets require or permit the use of International Financial Reporting Standards®.
Whatever your location, you could easily find yourself with a client subject to IFRS requirements.
Understanding IFRS requirements will help you better assist clients subject to these standards and enable you to effectively compete in the modern business world.
Hands-on learning through realistic scenarios
The interactive learning elements and real-life examples in this course will help you implement key concepts in your practice.
The real-world case studies in this course will enable you to apply your new knowledge in a practical way.
This course is part of the IFRS Certificate Program — a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.
Who Will Benefit
- Accounting and finance professionals who work for private or public multinational organizations that have adopted IFRS Standards.
- Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS Standards.
Key Topics
- Accounting for income taxes
- Current tax calculations
- Deferred tax definition and examples
- Accounting for deferred tax assets and liabilities
- Presentation
Learning Outcomes
- Identify the scope of IAS 12, Income Taxes, and its guidelines for the treatment of income taxes in financial statements.
- Determine the proper tax rate to be used when calculating deferred tax amounts.
Group ordering for your team
2 to 5 registrants
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