IAS 12 - Deferred Tax Balance and Movement Calculation (IFRS)

[@mrsndreson7281]

Thanks Sir you made it so easy that our teacher was unable to make me understand in 3 hours

[@TabaldiEducation]

We are glad we could help. You can find out more about our courses here: www.tabaldi.org All the best with your studies!

[@nelsonzou8335]

Best Tutor for Free! I am studing Taxation Part under AASB and I found no big difference in SA and AUS under IFRS. Actually, there is such good institution in Aus to provide professional tutor! If your company could start up a branch company in Syd or Mel, that will be heaps of students would register and come to you!

[@nelsonzou8335]

Sorry, I was to say No such good school in Aus!

[@gouthamireddy1]

you are a genius, such a complicated topic explained in detail so simply, really appreciate your effort in making and uploading these videos for us.

[@TabaldiEducation]

Thanks for the encouragement, much appreciated!

[@njumedesmond4713]

Njume Desmond Ngulle Thanks very much sir but i could not download the video, i doubt why

[@phillipmokhene1156]

could you please explain why the tax base for provision is nil

[@arjun_cma]

In case of compound financial instrument (IAS 32), tax base(TB) is considered as liability proceeds whereas Carrying amount(CA) is calculated as per IAS 32, for example A ltd issued 9% convertible debentures, option of holder GBP 10,000, period 3 years, Market Interest rate @ 12%, tax rate 30%, calculate deferred tax and journalise entry..... Solution: Calculation of Fin. liab: [Yr 1-3 900*( DAF@12%= 2.4018) + yr 3: 10000* (DF@12= 0.7118)]= 9279(ignore decimal).................. Now as per IAS 12; CA=9279, TB=10000, here CA

[@stefandebeer8652]

Baie dankie!

[@TabaldiEducation]

Stefan DB dit is 'n plesier

[@mosiuoamolakeng9820]

Thank you

[@TabaldiEducation]

+tbos molakeng Pleasure - glad you enjoyed the video The Tabaldi Team

[@tetleydidley]

lol i can't think of very many other nonsense in accounting than deferred taxation. feels counterintuitive... in the sense that the DT liabilities that you are recognising are not really liabilities are they? it totally contradicts your first video on this subject. there's no present obligation to pay tax (you haven't sold the asset and the taxman hasn't knocked on your doors, and even if they did, they wouldn't have found anything). but thanks anyway man.