{"product_id":"412203_acca-learning-china","title":"IAS 12 Income taxes","description":"\u003ch2\u003eAbout this course\u003c\/h2\u003e\u003cbr\u003e\nIncome tax payable derives from the taxable income. But taxable profit is not necessarily equal to accounting profit. What happens when the taxable profit is different from the profit of IFRS financial statements?\u003cbr\u003e\n\u003cbr\u003e\nThis course helps you understand what exactly deferred taxes are, when they arise, how current and future income taxes are recognised and measured, how taxes are presented and which disclosures are required related to income taxes, according to IAS 12. In addition, the accounting of current taxes is also briefly discussed. The course includes practical examples and interim tests.\u003cbr\u003e\n\u003cbr\u003e\nBy completing this course, you will understand:\u003cul class=\"htmlEditor-ul\"\u003e\n\u003cli\u003ethe concept of deferred taxes and current taxes\u003c\/li\u003e\n\u003cli\u003ewhen you need to account for deferred taxes and what the recognition exemptions are\u003c\/li\u003e\n\u003cli\u003estep-by-step calculation of deferred tax amounts\u003c\/li\u003e\n\u003cli\u003ewhether a deferred tax asset or a deferred tax liability arises\u003c\/li\u003e\n\u003cli\u003ethe recognition requirements and correct journals for current and deferred income taxes\u003c\/li\u003e\n\u003cli\u003eIAS 12 standard's disclosure requirements.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cbr\u003e\n \u003ch4\u003eKey information\u003c\/h4\u003e\u003cul class=\"htmlEditor-ul\"\u003e\n\u003cli\u003eDesigned for finance and accounting experts who are familiar with fundamental (local) accounting and reporting processes. \u003c\/li\u003e\n\u003cli\u003eCPD certificate is available upon successful completion of the course. \u003c\/li\u003e\n\u003cli\u003ePart of an e-learning series developed by PwC Academy. \u003c\/li\u003e\n\u003c\/ul\u003e\u003ch4\u003e\n\u003cbr\u003e\n\u003cbr\u003e\n\u003cimg alt=\"ACCA PwC joint logo\" src=\"${PICTURE_CONTEXT_PATH}ckeditor_uploads\/ACCA_PWC_sml_471685.jpg\" style=\"margin: 5.0px;\"\u003e\u003cimg height=\"11\" src=\"https:\/\/learning.stage.accaglobal.com\/ils\/images\/transparent.gif\"\u003e\n\u003c\/h4\u003e","brand":"acca-learning-china","offers":[{"title":"Standard price \/ 0","offer_id":47553213694203,"sku":"100184","price":45.0,"currency_code":"GBP","in_stock":true},{"title":"Students \/ 110169","offer_id":47553213792507,"sku":"100184","price":45.0,"currency_code":"GBP","in_stock":true},{"title":"Members \/ 110167","offer_id":47553213759739,"sku":"100184","price":45.0,"currency_code":"GBP","in_stock":true},{"title":"Continuous learners \/ 3","offer_id":47553213726971,"sku":"100184","price":45.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0535\/6057\/4115\/files\/IAS_12_412170.png?v=1780722768","url":"https:\/\/acca-learning.myshopify.com\/products\/412203_acca-learning-china","provider":"acca-learning","version":"1.0","type":"link"}