2-Part Webinar Series: A Practical Approach to Accounting for Deferred Tax
This is an engaging two-part webinar series designed to demystify the complexities of deferred tax accounting. Under IAS 1, entities must prepare financial statements on an accrual basis, meaning the tax charge should reflect the tax implications of amounts recognised in the financial year—regardless of their inclusion in taxable income.
This timing difference creates the need for deferred tax adjustments, which many find challenging.
Our series will guide you through a clear, systematic approach to deferred tax:
Part 1:
We cover the fundamental principles of deferred tax and walk through the essential processes and controls for producing accurate and complete tax calculations. The session is structured around key proofs and workings required for any tax calculation, including:
· Tax rate reconciliation (focusing on permanent differences)
· Deferred tax proof (focusing on temporary differences and IAS 12 principles)
· Fixed asset proof
Each topic is explained practically, with theory supported by worked examples to illustrate real-world application.
Part 2:
Building on the basics, we explore more complex areas of deferred tax that require careful consideration.
This series is the final instalment of our Corporate Tax webinar programme for the year.
Whether you’re new to deferred tax or looking to deepen your understanding, these sessions will provide valuable insights and practical tools.
CPD: 5 hours