Accounting for Deferred Tax - 14th Run

The Accounting for Deferred Tax workshop will provide an overview of the recognition, measurement and presentation of deferred tax.

Key Topics

Overview

• Principles of deferred taxation
• Why provide for deferred taxation?
• What are temporary differences?
• Deductible temporary differences?
• Taxation temporary differences?
• Establishing tax bases of assets and liabilities
• Practice exercise

Computations

• Calculating deferred tax provisions
• Exemptions from recognition of deferred tax liabilities
• Deferred tax on fair value adjustments
• Deferred tax on consolidation adjustments
• Deferred tax on investments in subsidiaires and associates
• Practice exercise

Recognition of Deferred Tax Assets

• Deferred tax on unutilised tax losses and tax credits
• Presentation and disclosure requirements of current and deferred taxes
• Writing an accounting policy note for taxation in financial statements
• Practice exercise