Deferred tax is an essential concept for accountants, auditors, and tax practitioners, yet it often causes confusion. Many professionals find themselves asking:

• “I know how to account for the transaction, but what about the tax and
  deferred tax implications?
• “I need to audit the deferred tax calculation, but how does it actually
  work?”

Understanding the flow from accounting entries to tax computations and their deferred tax impact is crucial. Mastering this skill ensures you can confidently navigate the complexities of transactions.

The aim of this course is to eliminate any uncertainty or confusion around deferred tax. Participants will enhance their ability to identify the tax impact of various balances.

This course includes theoretical insights, practical examples, and hands-on exercises to help participants apply what they’ve learned in real-world scenarios

Content

This course will focus on key balances that impact deferred tax calculations, providing practical examples to illustrate their tax implications:

• Property, Plant, and Equipment (PPE)
• Investment Property
• Intangible Assets
• Inventory
• Debtors
• Creditors
• Prepayments
• Income in Advance
• Provisions

Participants will learn:

• How to identify deferred tax assets and liabilities
• The process of calculating temporary differences
• How to correctly apply tax rates and tax laws to deferred tax calculations.
• Practical tips for auditing deferred tax balances to ensure compliance and accuracy.