- This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
- You must be logged in to reply to this topic.
ACCA Webinars: How to earn marks in Strategic Professional Exams. Learn more >>
20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>
Hey Chris! Hope you’re well and thank you so much for the awesome lectures.
I was just wondering why the 200 provision stated for the previous year was not recorded under the deferred tax in Non-current liabilities? Love your work.
Thanks for the positive comments, they’re gratefully received. Glad you’re enjoying the lectures.
The prior year deferred tax provision will form the opening balance when looking at the movement for the current year. This year’s closing deferred tax position figure will appear on the face of the SFP and then it is the movement from the prior year that appears as part of the income tax charge on the income statement.
Hope that clears it up for you. If not then please let me know.