IAS 12 Income Taxes — wording before IFRS 18Applicable today
Applies to annual periods beginning before January 1, 2027.
Practical cases
Can you solve an IFRS situation? Realistic files: documents, analysis, calculations, entries and conclusion.
Progressive path L1 → L41
One company from foundation to expert level; at the advanced levels, the standard is no longer announced.
Multi-IFRS cases4
Situations that involve several standards at once.
- Ondaviel Aquaculture: deferred tax on a lease and a dismantling obligation, from commencement to the tax loss (N → N+2)L1 → L4Progressive path≈ 110 minCh. 2, 4, 5, 7, 8, 10, 11Cross-IFRSStandards to identify
- Vastrelle Instruments: the Talvérine sensor, from capitalised development to the deferred tax asset (N → N+2)L1 → L4Progressive path≈ 100 minCh. 2, 4, 5, 7, 8, 10, 11Cross-IFRSStandards to identify
- Calvorine Emballages: estimate, error or policy? Three corrections and their deferred tax (N → N+2)L1 → L4Progressive path≈ 110 minCh. 2, 4, 5, 7, 8Cross-IFRSStandards to identify
- Brenvaux Frais: lease payments, income taxes paid and provisions in the statement of cash flows (N → N+2)L1 → L4Progressive path≈ 120 minCh. 2, 3, 8Cross-IFRSStandards to identify
L1 · Foundation1
Simple situations: identify the rule and apply it.
L2 · Intermediate1
Several steps: select the data, calculate and record.
L3 · Advanced9
Complex situations: judgement, irrelevant or missing data.
- Determine the current tax liability of Résidences Campoury at 31 December N.L3 · AdvancedMini-case≈ 5 minCh. 3
- Follow Varnelle's deferred tax over two years.L3 · AdvancedMini-case≈ 6 minCh. 4
- Calculate and record the deferred tax on Modes Ancelot's write-downs.L3 · AdvancedMini-case≈ 6 minCh. 4
- Account for the losses of Laiteries Corvezan after the acquisition of a profitable cheese maker.L3 · AdvancedMini-case≈ 5 minCh. 5
- Account for Algorine's research tax credit carried forward.L3 · AdvancedMini-case≈ 4 minCh. 5
- Analyse Solarien's three tax positions at 31 December N.L3 · AdvancedMini-case≈ 5 minCh. 12
- Lease, dismantling, licence, grant, goodwill and convertible bond: initial recognition exceptionsL3 · AdvancedPractical case≈ 85 minCh. 2, 4
- Loss-making subsidiary: tax losses, convincing evidence, tax planning and reassessmentL3 · AdvancedPractical case≈ 90 minCh. 5, 11
- Rate change, revaluation, investment property, dividends and loss of a tax status: measuring and allocating taxL3 · AdvancedPractical case≈ 90 minCh. 7, 8
L4 · Expert31
Syntheses and complete professional files.
- Qualify Corvignac's two mining levies under IAS 12.L4 · ExpertMini-case≈ 5 minCh. 1
- Help Bastrel's finance director explain the tax expense to the board.L4 · ExpertMini-case≈ 6 minCh. 2
- Determine the deferred tax on the machine of Quiverne's subsidiary in the consolidated statements.L4 · ExpertMini-case≈ 5 minCh. 2
- Determine the tax base of Lorvanne's receivable by going back to the fundamental principle.L4 · ExpertMini-case≈ 6 minCh. 2
- Analyse Logivelle's tax election and its accounting consequences at 31 December N.L4 · ExpertMini-case≈ 5 minCh. 3
- Amarelle's chief executive disputes the deferred tax on the revaluation of its head office. Decide.L4 · ExpertMini-case≈ 5 minCh. 4
- Decide on the amount of Tolmane's deferred tax asset.L4 · ExpertMini-case≈ 5 minCh. 4
- Separate, within the difference on Transvale's goodwill, the part arising from initial recognition.L4 · ExpertMini-case≈ 6 minCh. 4
- Draft Hangars Delvoye's position on the deferred tax on its leases under two tax laws.L4 · ExpertMini-case≈ 6 minCh. 4
- Determine the deferred tax asset of Plastiques Gervane at 31 December N.L4 · ExpertMini-case≈ 7 minCh. 5
- Determine Biolanne's position on its losses and the related note.L4 · ExpertMini-case≈ 7 minCh. 5
- Analyse the deferred tax relating to Chimie Vestral's investment in Polyréa.L4 · ExpertMini-case≈ 6 minCh. 6
- Decide whether the new rate is substantively enacted at 31 December N at Numérion, and quantify.L4 · ExpertMini-case≈ 6 minCh. 7
- Decide whether Foncière Brisolac can rebut the sale presumption for its logistics centre.L4 · ExpertMini-case≈ 6 minCh. 7
- Prepare Corsalis's deferred tax roll-forward and interpret it.L4 · ExpertMini-case≈ 6 minCh. 8
- Allocate the effect of Chimie Orbezine's rate cut between profit or loss and other comprehensive income.L4 · ExpertMini-case≈ 6 minCh. 8
- Determine the treatment, at 31 December N, of the dividend proposed by Galvenor.L4 · ExpertMini-case≈ 6 minCh. 8
- Analyse the tax benefit acquired by Datavance.L4 · ExpertMini-case≈ 5 minCh. 9
- Decide on the tax treatment of Génovia's options.L4 · ExpertMini-case≈ 5 minCh. 9
- Determine the presentation of the deferred taxes of the Fermanet group.L4 · ExpertMini-case≈ 5 minCh. 10
- Prepare Laboratoires Pervillon's note items on its tax judgements.L4 · ExpertMini-case≈ 5 minCh. 11
- Explain Visiolab's unusual tax expense.L4 · ExpertMini-case≈ 6 minCh. 11
- Choose the unit of account for Cybelis's tax positions.L4 · ExpertMini-case≈ 5 minCh. 12
- Update the measurement of Fret Valdane's tax position after the reassessment notice.L4 · ExpertMini-case≈ 7 minCh. 12
- Prepare Distrivalia's Pillar Two disclosure for N.L4 · ExpertMini-case≈ 5 minCh. 13
- Reassess the unrecognised losses of Usinages Fervelin at 31 December N.L4 · ExpertMini-case≈ 6 minCh. 5
- Allocate the tax on the correction of an error at Bazars Ollivec.L4 · ExpertMini-case≈ 5 minCh. 8
- Analyse Kelmarin's loss of the reduced regime.L4 · ExpertMini-case≈ 5 minCh. 8
- Acquisition of a foreign subsidiary: deferred tax on the combination, goodwill, investment, share option plan and offsettingL4 · ExpertPractical case≈ 110 minCh. 4, 6, 9, 10
- Tax closing of an international group: uncertain tax treatments, Pillar Two, components and reconciliation of tax expenseL4 · ExpertPractical case≈ 110 minCh. 10, 11, 12, 13
- Professional file: IFRS tax closing of an international industrial groupL4 · ExpertProfessional file≈ 270 minCh. 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13