IAS 12 Income Taxes (Part 2)

slide: Welcome

Welcome visited
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Overview locked
- Before you start locked
- How to navigate this e-learning? locked
- Introducing IAS 12 locked
- The scope of IAS 12 locked
- Nile Ltd.'s background locked
- Agenda locked
Section 1: Taxable and deductible temporary differences locked
- Learning objectives locked
- Mike waits at your office door locked
- Ready to start? locked
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  - Learning session overview locked
    - Definitions and the key steps of deferred tax calculation locked
      - Key definitions locked
      - Key Steps of Deferred Tax Calculation locked
    - Initial recognition and exceptions for deferred tax liabilities locked
      - Step 3: Identify taxable or deductible temporary differences locked
      - Initial recognition and exceptions of deferred tax liabilities locked
      - Example: Initial recognition exception for deferred tax liability locked
    - Initial recognition and exceptions for deferred tax assets locked
      - Initial recognition and exception for deferred tax asset locked
      - Example: Initial recognition exception for deferred tax asset locked
    - Business combinations locked
      - Business combinations locked
      - Example: Recognition and non-recognition of deferred tax locked
- Scenario locked
  - Are you ready to start? locked
  - Another question … locked
  - Sam’s query locked
  - Helping Sam locked
  - Initial recognition exception for deferred tax liability locked
  - Subsequent recognition of deferred tax assets locked
  - Subsequent recognition of deferred tax assets (cont.) locked
  - Summary locked
Section 2: Measurement of deferred taxes locked
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- A short visit with Mike locked
- Ready to Start? locked
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    - Tax rates locked
      - Step 4: Calculate the deferred tax by applying the correct tax rate locked
      - Tax rates for measurement of deferred taxes locked
      - Example: Asset that is recovered through use or sale locked
    - Limitations on the recognition of deferred tax assets locked
      - Step 5: Limitations to recognizing deferred tax assets locked
      - Unused tax losses and unused tax credits locked
      - Example: Accounting for assessed losses locked
- Scenario locked
  - Updating the deferred tax calculations locked
  - Step 4: Calculate the deferred tax assets by applying the correct tax rate locked
  - Calculate the deferred tax assets/liabilities on trading investments locked
  - A friend in need locked
  - Recognition of deferred tax asset and unused tax loss/credits locked
  - Progression for the day locked
Section 3: Recognition and presentation of deferred taxes in the financial statements locked
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- Your work continues … locked
- Ready to start? locked
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  - Ready to help? locked
    - Recognition of movement in deferred tax balances locked
      - Recognition of deferred taxes locked
      - Recognition of deferred tax effects in the statement of profit or loss and other comprehensive income locked
      - Recognition of deferred taxes in other comprehensive income or equity locked
    - Presentation of deferred tax assets and liabilities in the statement of financial position locked
      - Presentation of deferred tax assets and liabilities in the statement of financial position locked
- Scenario locked
  - Another day locked
  - Step 6: Recognition of deferred taxes locked
  - Presentation of deferred taxes in the statement of financial position locked
  - Two weeks later locked
  - Your task completed! locked
Final assessment locked
- Final assessment instructions locked
- Disclaimer locked