IAS 12: Income Taxes

Accounting for income taxes is consistently one of the topics accountants find most challenging. Our IAS 12 CPE courses are designed to make the accounting for current and deferred income taxes under IFRS more understandable and practical.

This collection includes two self-study courses eligible for 2.5 CPE credits. The courses cover current income taxes, uncertainty over income tax treatments, and the identification, recognition, and measurement of deferred tax assets and deferred tax liabilities under IAS 12, Income Taxes. The training focuses on the mechanics behind the accounting while also addressing the judgments accountants and auditors encounter in practice.

Topics covered include:

• Current tax accounting under IAS 12
• Uncertainty over income tax treatments
• Temporary differences
• Deferred tax assets and deferred tax liabilities
• Recognition and measurement of deferred taxes
• Relevant presentation and disclosure considerations

Further details

The collection begins with the current-tax side of IAS 12, Income Taxes, including the mechanics of the income tax provision and the treatment of uncertainty in income tax positions. That provides the bridge from the amount payable or recoverable for the current period to the deferred-tax accounting that often makes IAS 12 one of the more challenging IFRS standards.

The second course focuses on temporary differences and the recognition and measurement of deferred tax assets and deferred tax liabilities. Learners consider how to identify and categorize temporary differences, determine the appropriate tax rate, calculate deferred taxes, and evaluate whether the resulting balances are supportable. The training also addresses the presentation and disclosure considerations that accompany current and deferred tax accounting.

Rather than treating the tax provision as a black box, the collection is designed to help learners understand the logic that connects book carrying amounts, tax bases, temporary differences, and the tax effects recognized in the financial statements.

Who will benefit

These courses are intended for accountants, tax-accounting professionals, financial reporting teams, and auditors who prepare, review, or audit income tax provisions under IFRS. They are particularly valuable for professionals who understand the tax return but want a clearer bridge to the financial statement accounting for current taxes, deferred taxes, and uncertain tax treatments.

Value proposition

Purchase both courses for $209 instead of $300 if purchased separately—a savings of $91.

Interested in group discounts? Contact us today to learn more.