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M21086 - Deferred Taxation: The accrual that need not be feared (Online)

  • 15 Oct 2021
  • 09:15 - 12:30
  • Online Webinar

Registration


Register
Registration Time: 09:00
Sessions Time: 09:15 - 12:30 including a 15-minute break
Speaker: Mr David Leone Ganado
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

*Group bookings for 3 or more participants available.

Background Information


Items of income and expenditure must be recognised in profit or loss on an accruals basis, and income tax is no different. However, 'current tax' is computed on an entity's taxable income, rather than its accounting profit or loss; this is where 'deferred tax' comes in. Deferred tax is, in its simplest form, the application of the accruals concept to income taxes that are payable or recoverable in future periods.

Objectives of the session

This 3 hour session is relevant to both the IFRS and GAPSME accounting frameworks and, through the use of numerical examples, will address the key considerations relevant to the recognition and measurement of deferred tax assets and liabilities, including conditions that need to be satisfied for a deferred tax asset to be recognised.

TOPICS ON THE AGENDA

• The income tax components: current and deferred tax
• Temporary differences and their implications on deferred tax
• Measurement of deferred tax on temporary differences
• Tax losses and credits carried forward
• Deferred tax implications arising from business combinations

Target Audience

This seminar is intended for accounting professionals.

Speaker's Profile

David spent over 20 years at a Big 4 firm, initially carrying out external audits before spending 12 years specialising in, and providing advice on, technical accounting matters under IFRS and local GAAP. He sits on the MIA's Financial Reporting Committee, has contributed significantly to the MIA's development of GAPSME as well as its guidance note on the accounting implications arising from the Consolidated Group (Income Tax) Rules, and has more than 14 years of experience in delivering seminars on financial accounting. He is a fellow of the MIA and ACCA, holds a CPA warrant, and is the founder of Accounting Advice by David Leone Ganado.

EVENT CPE COMPETENCES

3 Hours Core 


WEBINARS TERMS AND CONDITIONS


Terms and conditions  apply


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