International Accounting Standard (IAS) 12, Income Taxes, implements a “comprehensive balance sheet method” of accounting for income taxes. This method recognizes both the current tax consequences of transactions and events, and the future tax consequences of the future recovery or settlement of the carrying amount of an entity’s assets and liabilities.
This course addresses the proper accounting treatment for both current and deferred income taxes.
Prerequisites
Learning Objective
- Explore the difference between current and deferred taxes.
- Discover how to measure, classify, and present deferred tax assets and liabilities.
- Explore when current and deferred tax assets and liabilities may be offset.
- Discover how to handle special tax consequences, such as share-based payments, business combinations, and more.
Last updated/reviewed: September 23, 2026
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction to IFRS – Accounting for Income Taxes per IAS 12 3:19
- Current and Deferred Treatment 6:56
- Defered Tax Special Considerations & Measurement 3:10
- Deferred Tax Classification and Presentation & Offsetting Tax Assets and Liabilities 3:32
- Disclosure & Share-Based Payments 4:16
- Investments in Subsidiaries, Branches, Joint Arrangements, and Associates & Business Combinations 4:17
- Other Matters 2:28
- Examples & Conclusion 17:12
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: IFRS - Accounting for Income Taxes per IAS 12 PDF
- IFRS - Accounting for Income Taxes per IAS 12 Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM locked
