This course provides the participants with a ten-step approach for accounting for income taxes. These steps will help any tax accounting practitioners to do their work without inadvertently forgetting a certain step or element.
- Tax Accounting
Overview and learning objectives
Tax accounting bridges the gap between two different sets of rules: accounting standards and tax law. This overlap will continue to grow with the increasing momentum towards tax transparency initiatives around the globe. In response to public attention to corporate tax avoidance, tax authorities nowadays take a tougher look at the tax position of companies and implement more rules and reporting requirements. Given the fact that accounting standards keep evolving, changes in tax rules and their combined effects on accounting treatments are making tax practice more and more complex and challenging. Good examples can be seen in disputes on the identification and measurement of uncertain tax positions and in the newly adopted county-by-country reporting in the context of BEPS. Largely, such new developments seek to address the strong public demand for a credible explanation of corporate tax accounts and clearly signify the importance of determining taxable profits and treating tax-related issues accurately. It is therefore critical for tax professionals to have the most up-to-date and in-depth technical knowledge of both.
This course is designed to address the needs arising in tax practice by covering the challenging areas such as deferred taxes and issues behind business combinations. In addition to reviewing the fundamental concepts in accounting standards (e.g. IAS 12), many real-life examples will be discussed with case studies, enabling us to explore pragmatic approaches in tax practice.
This is an interactive course with a maximum of 32 participants and there will be ample opportunities to exchange ideas and solutions. Participants will have access to relevant online collections on the IBFD Tax Research Platform for a period of two weeks.
Field of study
Who should attend?
The course is suitable for (tax) accountants, practitioners in tax advisory firms and tax specialists in commerce and industry.Course level and prerequisites
This is an intermediate-level course and prior experience of tax accounting is desirable. Participants are expected to have a good understanding of IFRS accounting standards and need to be familiar with the principles of international taxation and the structure of at least one domestic tax system.Pre-course preparation
In order to participate in this particular course, no advance preparation is necessary. Participants will have access to relevant online collections on the IBFD Tax Research Platform for a period of two weeks.Interactive course - "Group Live"
To safeguard the interactive nature of the course, including group discussions and case studies, a maximum of 32 participants will be accepted. Early registration is therefore recommended.We invite you to send us in advance any technical, content-related questions you may have. During the course we will try to address your specific questions, but please note that this will depend on the amount of time available, the relevance of the questions and the order in which the questions are received.
Should you have a question, please send it to firstname.lastname@example.org.
Disclaimer: The information provided during the course has been prepared solely for the instruction of course participants. This information is not intended to constitute advice on any particular matter.Continuing Professional Education
Recommended NASBA CPE points for this course: 19.5 (in accordance with the standards of the National Registry of CPE points, CPE credits are granted based on a 50-minute hour). Read more information on CPE points and accreditation for IBFD International Tax Courses.Course fee and registration details
The course fee covers participation in the course, all course materials, lunch, coffee/tea and refreshments. The costs of accommodation and transport are not covered. If you have any other questions regarding attendance of the course, travel arrangements, payments and cancellations, please consult our FAQ.
- Setting the scene
- Current tax and prior year adjustments
- Deferred taxes
- DTA recognition
- Tax exposures
- Disclosure notes
- Special items
- Case studies