CPE Self-Study

IFRS: Income Taxes (IAS 12)

Publisher: AICPA
  • $50.00-$70.00
    IFRS: Income Taxes (IAS12) Availability : Online Access Product #: 159747
    AICPA Member: $50.00
    Non-Member: $70.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-ICERT1INCTAX

AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the guidance on accounting for income taxes as described in IAS 12, Income Taxes. The objective of IAS 12 is to prescribe the accounting treatment for income taxes

Learning Objectives

Upon completion of this course, you will be able to:

  • To demonstrate an understanding of temporary differences, both taxable and deductible, and to be able to account for their effects on future taxable income
  • To calculate the appropriate balance for tax expense, deferred income tax liability or deferred tax asset, and current tax payable for the end-of-period financial statements
  • To be able to properly classify deferred tax assets and deferred tax liabilities on the statement of financial position
  • To be able to determine the proper accounting for tax loss carrybacks and carry forwards
  • To be able to determine the proper tax rate to be used in the calculation of deferred tax amounts

Prerequisite: None

Advance Preparation: None

System Requirements

About the Publisher


About the AICPA
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.