A Highlight of Key Areas:
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