IAS 12 - Example (incl. deferred tax) - ACCA Financial Reporting (FR)

9 Comments

1. S
   shah·3y ago

   Hi, in 20X7 the Balance sheet figure is 80 but the P&L figure is 120. What would be the double entry journal?
   
   Thanks
2. T
   Tahina Elisha·6y ago

   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’s the same for the three years?
3. D
   denisek·7y ago

   Hello Chris. Please explain why the movement in 2015 is $200, and not $300?
   Thank you
4. D
   denisek·7y ago

   Don't worry, I see that it was corrected further into the lecture :)
5. R
   rafapak·7y ago

   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 ?
6. H
   harryamoatey·7y ago

   Great explanation. Sir do u still calculate deferred tax if you make a loss?
7. P
   P2-D2Tutor·7y ago

   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
8. E
   Emilia·7y ago

   Great lecture. Very well explained. Thank you :)
9. O
   Oluseun·7y ago

   Thank you