IFRS: Income Taxes (IAS 12)

Overview

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.

This self-study course addresses requirements of IAS 12, Income Taxes, including the following:

• Current tax calculations
• Deferred tax definition and examples
• Accounting for deferred tax assets and liabilities

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• Identify temporary tax differences and how they are recognized and measured in the financial statements.
• Determine the proper tax rate to be used in the calculation of deferred tax amounts.