Introduction
Measurement and recognition of deferred tax is a complex yet critical area of accounting that impacts financial reporting, tax planning, and compliance. The intersection between current and deferred tax often poses a technical challenge for persons charged with tax and financial reporting hence the need to be conversant with tax laws and accounting standard that provide guidelines on measurement and reporting of deferred tax.
In light of the need highlighted above, we have organized a focused deferred tax training session that will equip the attendees with a clear understanding of the principles and practical applications of deferred tax, including the recognition and measurement of deferred tax assets and liabilities under relevant accounting standards.
Course content
The training will cover a range of topics, including the following, among others:
- Calculating deferred tax – the basics – a deep dive on the principles of IAS 12 and IFRIC 23
- Deferred tax, current tax, tax notes and disclosures
- Managing effective tax rate (ETR)
- Interpreting the current tax changes when determining the recognition of the deferred tax asset/liability
- The convergence of current and deferred tax and calculation of the tax expense
Course Objectives
The objective of the deferred tax training is to provide participants with a comprehensive understanding of deferred tax concepts, principles, and practical applications. The training aims to enable attendees to accurately identify, calculate, and account for deferred tax assets and liabilities in accordance with relevant accounting standards.
By the end of the session, participants will be equipped to apply deferred tax principles effectively in financial reporting, ensure compliance with regulatory requirements, and support informed decision-making within their organisations
Target Audience
This seminar is designed for tax accountants, finance managers, financial reporting managers and professionals who deal with Tax or Financial Reporting.
Course Benefits
- Enhanced Technical Knowledge: Gain a solid grasp of deferred tax concepts, including temporary differences, tax bases, and the impact on financial statements.
- Practical Application: Learn how to identify and calculate deferred tax balances and understand their implications for your organization’s financial position.
- Regulatory Compliance: Stay up to date with the latest accounting standards (such as IAS 12), ensuring accurate and compliant financial reporting.
- Risk Mitigation: Reduce the risk of errors and misstatements in tax disclosures, supporting audit readiness and stakeholder confidence.
- Professional Development: Strengthen your technical skills, adding value to your role and supporting your career progression.
- Enhanced understanding of emerging issues, equipping participants with up-to-date knowledge and practical approaches to address deferred tax challenges arising from frequent changes in tax legislation, such as tax losses and investment allowances.
- Opportunity to network and share insights with peers, enabling valuable benchmarking and exchange of practical experiences on deferred tax matters.
Join us to demystify deferred tax and gain the confidence to address related challenges in your day-to-day work.
