ΠΕΡΙΓΡΑΦΗ

This seminar aims to provide a comprehensive understanding of IAS 12 Income Taxes, focusing on the recognition, measurement, presentation, and disclosure of current and deferred tax. Participants will gain practical insights into the application of IAS 12, including the treatment of taxable and deductible differences, deferred tax assets and liabilities, and the impact of tax rate changes. The session will also address key challenges, pitfalls, and compliance requirements, equipping professionals with the knowledge to apply IAS 12 effectively in financial reporting.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is tailored for accountants and auditors from both group and individual company backgrounds. It is particularly suited for those with professional qualifications or substantial experience in the preparation, analysis, and presentation of financial statements.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Seminar Outline

Overview of IAS 12

Scope and Key Definitions

• Interest and penalties

Recognition of Current Tax Liabilities and Assets

• Enacted Tax Rates
• Taxable & Deductible Differences

Recognition of Deferred Tax Liabilities and Assets

• Unused Tax losses
• IR Exemption

Measurement of Deferred Tax Liabilities and Deferred Tax Assets

• Changes in tax rates
• Gradual tax rates

Other Recognition and Measurement principles

• OCI Recognition
• Consolidated Financial Statements

Presentation & Disclosure

• Tax Rate reconciliation
• Cash flow reconciliation
• Challenges and Pitfalls
• Summary / Questions and Answers 

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.