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Deferred Tax - IAS 12

This course is delievered in Polish and can also be organized as a closed session (closed formula) at individual request of your organization. If you are interested in this programme, contact our consultant:

Aleksandra TrychAleksandra.Trych@pl.ey.com, tel. +48 505 171 636

  • For whom?
  • Objectives and advantages
  • Programme
  • Date and location
  • Tutors
  • Price
  • Contact
  • Educational points/units
  • Download

For whom? 

One-day course is directed to: 

  • persons involved in the preparation of financial statements;
  • chief accountants, financial controllers and financial directors responsible for overseeing and analyzing financial statements.
The training does not require prior knowledge about deferred tax. Basic knowledge of financial accounting is required. Classes combine elements of lecture, practical exercises, examples and question and answer sessions. The training is conducted in Polish.  

Objectives and advantages 

The purpose of this workshop is to learn the principles of recognizing, measuring and presenting deferred tax in the financial statements of companies applying International Financial Reporting Standards (IFRS). 
It is possible to organize a in-house training course on the individual customer's order. 

Programme 

Sources of regulations regarding income tax
  • Characteristics and evolution of IAS 12.
  • Conceptual assumptions, IAS 1. 
What is income tax under IFRS? 
  • Purpose and scope of application of IAS 12.
  • Basic definitions related to income tax. 
Current tax
  • Presentation and disclosure rules.
  • Inclusion of uncertainty in income tax.
The concept of tax value and temporary differences
  • Tax value of assets: definition, examples.
  • Tax value of liabilities: definition, examples.
  • Positive and negative temporary differences arising from transactions affecting the statement of comprehensive income, financial condition and settlements of business combinations
Rules for recognizing and measuring balances related to deferred taxation
  • Valuation of deferred tax assets and liabilities related to temporary differences
  • Release for initial intake
  • Restrictions related to the recognition of deferred tax assets
  • Temporary differences relating to subordinated entities (subsidiaries, associates, joint arrangements):
  • recognition in the separate financial statements
  • recognition in the consolidated financial statements
  • Issues related to choosing the right tax rate
Deferred tax in the consolidated financial statements
  • Temporary differences resulting from the settlement of a business combination
  • Deferred tax resulting from adjustments and consolidation exclusions
  • Goodwill and deferred tax
  • Practical issues related to the recognition of deferred tax in international capital groups
  • Tax capital groups
Presentation of income tax balances
  • Statement of financial position
  • Statement of comprehensive income
  • Statement of Cash Flows
Disclosures
  • Disclosures related to the cost of income tax and balances in the statement of financial position
  • Reconciliation of an effective tax rate
  • Examples of disclosures regarding deferred tax in public companies' financial statements

Materials  

Participants receive a full package of training materials. Due to the broad context of the issues presented, the materials are not only used in class, but also allow you to return to the topics discussed after the training to repeat and consolidate the acquired knowledge.  

Date and location 

30 November, 2020, Online Live or Warsaw 

Tutors

Magdalena Burzyńska, Senior Trainer 

Magdalena is a graduate of the Warsaw School of Economics in the faculties of Finance and Banking and International Economic and Political Relations. He is a member of ACCA. 
Prior to joining EY Academy of Business, she was employed as a financial controller at an international group in the engineering and construction sector. He has extensive experience in the field of financial management of international companies, preparation of financial statements in accordance with the International Financial Reporting Standards (IFRS) gained during 6 years of work in the financial departments of various companies. 
Price 1100.00 PLN (+ 23% VAT)

Contact 

Aleksandra Trych, Warszawa | tel. +48 505 171 636 | aleksandra.trych@pl.ey.com

Natalia Medyńska, Kraków, Wrocław i Poznań | tel. +48 789 407 645 | natalia.medynska@pl.ey.com

Educational points/units 

Statutory auditors - self-education 
Our training meets the conditions for self-education. 
Statutory auditors may undergo some compulsory professional development as part of self-education. During the 3-year settlement period, the number of self-study hours is at most 48 hours of self-study. (Ordinance of the Minister of Finance of November 21, 2014 on the mandatory professional development of statutory auditors). 
Self-education topics include: 
  • accountancy
  • financial audit
  • taxes
  • general economic knowledge - especially economic and financial law
  • IT issues
  • soft skills, the possession of which is necessary to perform the auditor's professional activities. 
Participation in stationary training includes the number of hours specified on the certificate. At EY Academy of Business 1 training day = 8 educational hours
CPD (Continuing Professional Development) - our trainings meet the requirements of international professional organizations (ACCA, IIA) regarding the further education of their members.   

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