Tax in Company Accounts – IFRS
Course
In City of London
Description
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
Tax payable by a company in a particular year may bear little relationship to the amount of tax reported in the financial statements depending on the laws in the country concerned, largely because of deferred tax. The standard which governs the treatment of taxation in company accounts is IAS 12 – Income Taxes. There are references to tax in other standards, notably IAS 1 – Presentation of Financial Statements, and although there is reference to these the course centres on IAS 12. This practical course gives a detailed explanation of the application of deferred tax and the necessary disclosures and how to account for current and deferred taxation in accounts for companies using IFRS. It concentrates on the effects on profit, assets and liabilities and the notes to the accounts using numerous worked examples.
Facilities
Location
Start date
Start date
About this course
Those responsible for preparing or reviewing financial statements in their own companies, accountants in practice and wishing to update their IFRS knowledge. Those with limited accounting knowledge may find the Accounting Principles 1 – Posting Basic Transactions course helpful.
Reviews
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I’m very happy with the quality materials and training.
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Course rating
Recommended
Centre rating
Nagaraj Jayakumar
Subjects
- Taxation
- Accounts
- Staff
- IAS
- IFRS
- Tax Law
- Tax Calculation
- Taxation Law
- Business Taxation
- Approach
- International
- Financial
- Communications
- International Accounting
- Company Accounts
- Financial Training
- Corporation Tax
- Tax System
- Tax
Teachers and trainers (1)
Peter Hughes
Teacher
Peter Hughes is an independent chartered accountant practising in York. He specialises in financial reporting and VAT and has presented many courses on various aspects of these subjects for the last ten years. He has spoken frequently on IFRS and the new UK accounting framework, and on all aspects of VAT including international trade, property and partial exemption. His clients include several accountancy practices and businesses ranging from owner-managed companies to international groups.
Course programme
- Recognition in profit or loss or in other comprehensive income
- Withholding and underlying tax
- Substantive enactment of tax rates
- Uncertain tax positions
- Temporary differences for deferred tax
- Application of deferred tax to:
- accelerated capital allowances
- losses
- share-based payments
- leases
- revaluation of assets
- investments in subsidiaries, branches, associates and joint ventures
- business combinations where the assets of the acquiree are restated at fair value
- foreign currency translation
- groups
- Detailed disclosures, including:
- reconciliation of tax expense to accounting profit
- unrecognised temporary differences
- deferred tax assets for loss-making companies
Tax in Company Accounts – IFRS