Deferred Tax Deciphered: Rules and Practical Applications

As more of our clients are required to complete financial statements under IFRS, this timely webinar will take a look at the theory behind deferred tax accounting, the impact of deferred tax for tax provision purposes and some practical examples including hints and tips. This webinar will focus on the accounting framework provided by NZ IAS 12 and will be important to anyone who prepares or reviews tax provision calculations for financial reporting purposes for, generally speaking, larger entities.

Topics List:

• Fundamentals of Deferred Tax Theory
• NZIAS 12 and Its Role in Tax Accounting
• Temporary vs. Permanent Differences
• Tax Base Calculations for Assets and Liabilities
• Recognizing Deferred Tax Assets and Liabilities
• Practical Steps for Deferred Tax Reconciliation
• Tax Implications of Depreciation and Asset Sales
• Commercial Buildings and Tax Depreciation Rules
• Deferred Tax in Business Combinations and Investments
• Real-World Examples and Troubleshooting Tips

Suited to: 

Preparers and reviewers of deferred tax calculations for financial reporting purposes.