Tax in Company Accounts - IFRS

Quorum Training - A Wilmington Company
Course summary
1 day
575 GBP excl. VAT

Course description

A course by Quorum Training - part of the Wilmington Group

Tax in Company Accounts - IFRS - 1 day course in London

This course explains how to account for current and deferred taxation in accounts for companies using IFRS. It concentrates on the effects on profit, on assets and liabilities and on the notes to the accounts.

The tax payable by a company in a particular year may bear little relationship to the amount of tax reported in the financial statements depending on the laws in the country concerned. This is largely because of deferred tax, and the course gives a detailed explanation of the application of deferred tax and the necessary disclosures.

The standard which governs the treatment of taxation in company accounts is IAS 12 – Income Taxes. There are references to tax in other standards, notably IAS 1 – Presentation of Financial Statements, and the course will make reference to these, but most of the course concentrates on IAS 12.

Suitability - Who should attend?

Accountants with responsibility for preparing or reviewing financial statements in their own companies, accountants in general practice and others who wish to update their IFRS knowledge. Delegates who want to attend but have limited accounting knowledge may find the Accounting Principles 1 – Posting Basic Transactions course helpful.

Outcome / Qualification etc.

CPD 6 hours

Training Course Content

  • Recognition in profit or loss or in other comprehensive income
  • Withholding and underlying tax
  • Substantive enactment of tax rates
  • Uncertain tax positions
  • Temporary differences for deferred tax
  • Application of deferred tax to:
    • Accelerated capital allowances
    • Losses
    • Share-based payments
    • Leases
    • Revaluation of assets
    • Investments in subsidiaries, branches, associates and joint ventures
    • Business combinations where the assets of the acquiree are restated at fair value
    • Foreign currency translation
    • Groups
  • Detailed disclosures, including:
    • Reconciliation of tax expense to accounting profit
    • Unrecognised temporary differences
    • Deferred tax assets for loss-making companies

The course is heavily practical and will include numerous worked examples. There will be plenty of opportunity for delegates to put their own questions to the presenter.


The price per place for this course is £575 plus VAT.

Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.

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About provider

Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

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Contact info

Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London


Average rating 5

Based on 3 reviews.

Ceri Lindsell
Excellent course, Peter is a great lecturer.
Mamta Shah
Very good presenter. Good overview.
Nagaraj Jayakumar
Extremely pleased with the quality of the training and materials
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