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IFRS Requirements Under IAS 12

Date: Monday, September 24, 2018
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

 

Gain a better understanding of the impact of IFRS on income taxes.

Many US tax practitioners are required to understand and apply IFRS and IAS 12, Accounting for Income Taxes. In a US environment where US GAAP is most common, it is often difficult to keep up to date on how to apply and interpret IAS 12 when doing tax provisions.

 This topic helps the persons responsible for IFRS accounting for income tax to understand and apply the accounting principles of IAS 12.

The material explains key differences between IFRS and US GAAP as it relates the recent change in US tax rates and the interpretation under SAB 118. The content also discusses other key differences between IFRS and US GAAP as it relates to income tax accounting.

Learning Objectives:

  • You will be able to define the scope of IAS 12, accounting for income taxes.
  • You will be able to describe the accounting for current and deferred taxes.
  • You will be able to discuss the key differences between IFRS and US GAAP income tax accounting for US tax reform.
  • You will be able to explain how IFRIC 23 changed the interpretation of accounting for tax uncertainties under IFRS.

This Live Webinar Covers These Hot Issues:

Introduction to IAS 12, Accounting for Income Taxes Differences Between ASC 740 and IAS 12 and US Tax Reform

  • Intraperiod Allocations – Backwards Tracing of the Tax Effect of Changes in Tax Law
  • SAB 118 Under US GAAP vs. Changes in Estimate Under IAS 12
Other Differences Between ASC 740 and IAS 12
  • IFRIC 23 Uncertain Over Income Tax Treatments (Applies 1 January 2019)
  • Intercompany Transactions (Inventory)
  • Initial Recognition Exception
  • Share Based Compensation
  • Functional to Local Currency Re-Measurement
  • Interim Reporting
  • Disclosure

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Jared Huish, Deloitte Tax LLP

  • Sr. manager in the Deloitte Seattle office with 15 years of tax accounting experience
  • Practice emphasizes all aspects of corporate income taxes
  • Two years in Washington National Tax – Deloitte Accounting for Income Taxes Group
  • Three years in London - Deloitte Global IFRS and Offerings Services
  • Author of several publications related to the interpretation of IAS 12 and differences between IFRS and US GAAP
  • Masters of Accounting, Brigham Young University
  • AICPA member
  • Can be contacted at jhuish@deloitte.com or Tel/Direct: +1 206-716-7219

(Not available outside the US)