Short Course in Current and Deferred Tax

International Accounting Standard 12 (IAS 12) provides guidance on accounting for income taxes, including current tax assets and liabilities, under and over provisions, and deferred tax assets and liabilities. Mode of delivery This Short Course will be presented on The Tax Faculty’s online learning Campus. Refresh your foundational knowledge anytime from anywhere! Duration and effort This Short Course will be available to learners to complete at their own time and pace. Video hours: 6 hours Approx Reading hours: 45 hours Recommend Length to complete: 12 weeks What you will learn in this course The following modules will be covered: Accounting for current income tax. Deferred tax. Disclosure in the financial statements. Outcomes: Understand the concept of deferred taxes and current taxes. Define whether a deferred tax asset or a deferred tax liability arose. Calculate and reconcile current and deferred tax. Prepare and review tax-related disclosures in the financial statements as per IAS12.