Deferred Taxation 1. Fundamentals

Summary

This course will provide a detailed but very practical approach, incorporating a series of realistic day to day scenarios that companies face when preparing their corporation tax computations and finalising the tax provision in their financial statements.

Venue details:  
Chartered Accountants House, 47-49 Pearse Street, Dublin
Start date & time:  
08 September 2020 09:30
End date & time:  
08 September 2020 13:30
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
4.00
CPD hours:  
4.00
Speaker details
First nameLast name
SINEAD O'BRIEN

Description

Product type:  
CPD course
Category:  
Tax

Who should attend

This course is suitable for financial controllers and accountants to ensure that their accounts comply with IAS 12, as well as auditors to ensure their client's compliance with IAS 12. In addition, this course is suitable for users of financial statements prepared under IFRS.

Course overview

  • Companies Act 2014 and the tax related requirements
  • Objectives and scope of IAS 12
  • Why is deferred tax important to financial statements?
  • What is deferred tax and how does it work?
  • Current tax charge and deferred tax charge
  • Journal entries required
  • Consideration of typical scenarios
  • Presentation and disclosure
  • Rate reconciliation under IAS 12
  • Useful checklist

Key learning outcomes

By the end of this course, participants will be able to:

  • Understand the tax requirements of the Companies Act 2014
  • Understand the basis requirements of deferred tax
  • Determine appropriate basic deferred tax decisions
  • Understand the implications of faulty tax provisions
  • Have increased awareness of the impact of deferred tax

Speaker bio

Sinead has over 10 years' experience in finance. After obtaining a MSc in accounting in DCU, she commenced her career in PwC, training as an auditor. Sinead then moved to Aer Lingus, working on internal audit and financial reporting, and then as direct tax manager for the group whilst completing the Chartered Tax Consultant (CTC) qualification. Currently, Sinead is the Head of Finance for the Irish arm of the Norwegian Air group. Sinead facilitates and lectures on the diploma and CTC tax course.