IAS 12, Income Taxes applies to all entities subject to taxes based on income. The accounting guidance in IAS 12 requires that the effects of income taxes, both current and deferred, be accounted for in the financial statements. Therefore, a good understanding of the accounting for income taxes is essential when preparing or auditing financial statements. This topic is covered in two eLearning courses, both of which are CPE eligible. IAS 12 Part 1 introduced IAS 12 and its objectives and scope. It focused on the accounting for current taxes, including uncertainty over income tax treatments. This course, IAS 12 Part 2, will focus on the accounting for deferred taxes. Identification of temporary differences, measurement and recognition of deferred taxes, as well as determining whether an exemption from recognition applies, will be covered. Take our self-study eLearning course here: Coming Soon Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our …
