IAS 12 - What You Need To Know About IFRS and Taxes

Overview
We all know that domestic and foreign taxes are based on taxable profits. But how exactly do you account for the current and future tax consequences of transactions and other events? When can you defer taxes and when do you have to record a tax expense? What about taxes on revaluation of assets? How do you account for taxes on share-based payments (options)? Can you offset tax assets and tax liabilities?

Why should you attend this webinar?
The principal issue in accounting for income taxes is how to account for the current and future tax consequences of:

• The future recovery (settlement) of the carrying amount of assets (liabilities) that are recognized in an entity's statement of financial position; and

• Transactions and other events of the current period that are recognized in an entity's financial statements.

Areas Covered in the Session:

• Foreign and domestic taxes

• Treatment of future recovery (settlement) of the carrying amount of assets (liabilities)

• Recognition of tax liability

• Deferred tax liability

• Measurement, revaluation, and discounting of deferred tax assets and liabilities

• Allocation of tax liability

• Tax effect (including deferred tax) of a business combination

• Taxable and deductible temporary differences and unused tax losses and credits

• Investments in subsidiaries, branches and associates and interests in joint ventures

• Items recognized within and outside profit or loss

• Current and deferred tax on share-based payment transactions

• Offset of tax assets and tax liabilities

• Financial Statement Presentation and Disclosures

Who can Benefit:

• CEO/CFO

• Board members

• External auditors

• Compliance professionals

• Operational professionals

• Finance professionals

• Internal auditors

• Anyone involved in the IFRS compliance process

Speaker:
Mike Morley, Keynote speaker at ComplianceKey. He is a Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance.

Register: https://www.compliancekey.us/webinarDetails?industryId=3&webinarid=1440&speakerid=38
Compliance Key
Visit: https://www.compliancekey.us/upcoming-webinars
Phone: +1 717-208-8666
Email: [email protected]

Others Details

07/02/2019 10:00 A.M PT | 01:00 PM ET