IAS 12 – Example (incl. deferred tax) – ACCA Financial Reporting (FR)
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Hi, in 20X7 the Balance sheet figure is 80 but the P&L figure is 120. What would be the double entry journal?
Thanks
Hi Chris, I was practicing these deferred tax questions with the practice and revision kit.
I was wondering why some of the question requires deducting revaluation gain from the computation of the deferred expense, why some needs to include revaluation gain, specifically question135 and question 137 for FR practice and revision kit.
Hello Sir,
Thanks for this video. Please help me from where did you find figure of $1,600 for Profit for the year and why it鈥檚 the same for the three years?
Hello Chris. Please explain why the movement in 2015 is $200, and not $300?
Thank you
Don’t worry, I see that it was corrected further into the lecture 馃檪
you mentioned in this video that there are more difficult cases as far as deferred tax is concerned and you added that they will be discussed later. In which chapters or sections are those more complicated cases discussed ?
Great explanation. Sir do u still calculate deferred tax if you make a loss?
Hi,
Glad you’ve enjoyed the video. Yes, there is deferred tax on any loss but that is something that is covered in SBR. So something to look forward to………..
Thanks
Great lecture. Very well explained. Thank you 馃檪
Thank you