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Deferred Taxes

$
1800.00
Register
2 days | 16 academic hours



Training objectives
Training program Day 1
Training program Day 2

Training objectives

  • Learn how to correctly calculate deferred taxes in accordance with IAS 12 Income Taxes
  • Understand how to calculate deferred taxes in consolidated financial statements
  • Gain a clear understanding of the AS 12 Income Taxes requirements regarding the methodology for calculating deferred taxes and disclosing information in the notes

Training program Day 1

Concept of Deferred Tax
  • Differences between financial and taxable profit
  • Permanent and temporary differences
  • Tax base of an asset/liability
  • Concept of deferred tax asset and deferred tax liability
  • Examples of determining the tax base
Recognition of deferred tax liability
  • Typical examples of the occurrence of deferred tax liabilities
  • Taxable temporary differences
  • Rule for recognizing deferred tax liabilities
  • Exceptions to the recognition of deferred tax liabilities
Recognition of deferred tax asset
  • Typical examples of the occurrence of deferred tax assets
  • Deductible temporary differences
  • Rule for recognizing deferred tax assets
  • Exceptions to the recognition of deferred tax assets
  • Necessary condition for recognizing a deferred tax asset
  • Situations when a deferred tax asset is not recognized or is partially recognized

Training program Day 2

Investments in subsidiaries, branches, associates, and interests in joint ventures
  • Impact on financial and tax accounting of profits from subsidiaries or branches
  • Impact on financial and tax accounting of profits from associates
  • Impact of exchange rate fluctuations on deferred taxes
  • Deferred tax arising from the revaluation of investments in an associate at fair value
  • Deferred tax arising from business combination
Deferred tax assessment
  • Assessment of current tax liabilities
  • Assessment of deferred tax liabilities and assets
  • Changes in the income tax rate
  • Assessment of income tax expenses at interim reporting dates
Recognition of current and deferred taxes
  • Recognition of deferred taxes in profit or loss for the period
  • Recognition of deferred taxes in other comprehensive income or equity
Presentation and disclosure of information. Practical calculation of deferred taxes