Tax accounting – Exam not included
Associated Courses
Course Description
Understand the basic principle and objective of accounting for income taxes
Distinguish the taxes that fall in or outside the scope of IAS 12
Identify some of the key areas of the standard which require significant judgement
Course Structure
This eLearn introduces the following topics:
- Introduction- Objective and scope of IAS 12
- Recognition and measurement
- Presentation and disclosure
- Bank specific topics
Should Attend
This course is intended for professionals in financial and actuarial functions within banks.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
Exam not included.
Key-Features
Detailed Objectives:
A) Recognition and measurement:
Understand the basic concepts of the current tax provision
Determine the tax base of an asset of liability and the resultant temporary difference
Identify exceptions within IAS 12
Understand and apply the recognition criteria of deferred taxes
Understand where income taxes should be recognised in the financial statement
B) Presentation and disclosure:
Understand and apply the presentation criteria of IAS 12
Understand and apply the offsetting criteria for both current and deferred taxes
Understand the disclosure requirements of IAS 12
C) Bank specific topics:
Understand the basics and the tax treatment of certain bank specific topics, such as financial instruments at fair value and compound financial instruments
Course Structure
This eLearn introduces the following topics:
- Introduction- Objective and scope of IAS 12
- Recognition and measurement
- Presentation and disclosure
- Bank specific topics
Should Attend
This course is intended for professionals in financial and actuarial functions within banks.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
Exam not included.
Key-Features
Detailed Objectives:
A) Recognition and measurement:
Understand the basic concepts of the current tax provision
Determine the tax base of an asset of liability and the resultant temporary difference
Identify exceptions within IAS 12
Understand and apply the recognition criteria of deferred taxes
Understand where income taxes should be recognised in the financial statement
B) Presentation and disclosure:
Understand and apply the presentation criteria of IAS 12
Understand and apply the offsetting criteria for both current and deferred taxes
Understand the disclosure requirements of IAS 12
C) Bank specific topics:
Understand the basics and the tax treatment of certain bank specific topics, such as financial instruments at fair value and compound financial instruments
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