Duration: 1 days
(see other locations for this course)
Price: EUR 950
Promo codes may be applicable. You can also pay in CAD, GBP, USD - you will be given this option later in the booking process.
If you are planning to make a group booking or have any questions, please contact us.
Promo codes may be applicable. You can also pay in CAD, GBP, USD - you will be given this option later in the booking process. If you are planning to make a group booking or have any questions, please contact us.
Income taxes are often significant numbers in financial statements, which impact on an entity’s reported financial position and performance. The objective of accounting for income taxes is to reflect the current and future tax effects of all transactions already reported in the financial statements. The amount of taxes currently payable or recoverable varies depending on tax law in an entity’s jurisdiction; having established the relevant amount, accounting for current tax is relatively simple. Greater complexity arises in recognising and measuring the longer-term deferred tax effects of transactions which represent temporary differences.
IAS 12 Income Taxes is the principal source of guidance on accounting for income taxes in IFRS. It is supplemented by SIC-25 Income Taxes – Changes in the Tax Status of an Entity or its Shareholders. Income taxes was an agenda project in the Memorandum of Understanding between the IASB and the Financial Accounting Standards Board but progress was halted in 2010 to allow resources to be diverted to more urgent topics; The IASB has included the topic as a research project in its Work Plan.
This course provides comprehensive coverage of IAS 12 governing the recognition, measurement, presentation and disclosure of income taxes. The program is designed to guide delegates through the complex technical issues associated with accounting for income taxes and also includes an overview of differences between current IFRS and US GAAP requirements.
The course answers questions such as:
An understanding of the general principles and IFRS standards. Participants who have less familiarity with IFRS may want to combine this course with a refresher or a review of the core IFRS standards; for example, by attending Course 1010: IFRS Fundamentals. No advance preparation is required for this course.
To bring this course in-house please contact us and we will be pleased to assist.
All of our Zurich seminars take place in 4 star professional conference facilities, usually in city-centre downtown hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided. .