Accounting for Income Taxes under IFRS: IAS 12 Explained
Course Overview:
This course provides a detailed understanding of income tax accounting under IAS 12 – Income Taxes. Participants will learn how to recognize and measure current and deferred tax assets and liabilities, understand temporary differences, and account for the tax consequences of transactions and events. The course emphasizes practical application, including the preparation of financial statements that comply with IFRS disclosure requirements.
Through examples, case studies, and exercises, participants will gain the knowledge and skills needed to accurately account for income taxes, ensuring transparency and compliance in financial reporting. This course is ideal for accountants, auditors, finance managers, and professionals responsible for tax reporting or financial statement preparation.
Complete All Modules of Financial Reporting to Get Certificate.
Key Topics Covered:
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Recognition and measurement of current tax.
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Accounting for deferred tax assets and liabilities.
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Understanding temporary differences and their impact.
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Tax consequences of transactions and events.
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Disclosure requirements under IAS 12.
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Practical application and common challenges in income tax accounting.
Learning Outcomes:
By the end of this course, participants will be able to apply IAS 12 principles to recognize and measure current and deferred taxes, identify temporary differences, account for tax assets and liabilities, and ensure proper disclosure in financial statements. They will be equipped to handle real-world scenarios in income tax accounting, enhancing accuracy, transparency, and compliance under IFRS.
Who Should Attend:
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Accountants and auditors
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Finance managers and tax professionals
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Professionals involved in financial statement preparation
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Anyone seeking practical knowledge of IFRS income tax accounting
Trainer: CA Satya B Damaraju
