IAS 12 — Income Taxes
Modules of the standard
- Concepts29 publishedNormative and pedagogical mapping.
- Questions556 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases7 publishedProgressive cases, from beginner to expert.
- Workpapers7 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams4 publishedSealed, versioned final exams.
- Explanations (lessons)26 publishedLesson explanations, chapter by chapter.
Practical cases
- From accounting profit to current tax: add-backs, instalments and carryback of a lossL1Beginner
- Tax base schedule of an industrial SME: accelerated depreciation, development, provisions and revenue received in advanceL2Intermediate
- Lease, dismantling, licence, grant, goodwill and convertible bond: initial recognition exceptionsL3Advanced
- Loss-making subsidiary: tax losses, convincing evidence, tax planning and reassessmentL3Advanced
- Rate change, revaluation, investment property, dividends and loss of a tax status: measuring and allocating taxL3Advanced
- Acquisition of a foreign subsidiary: deferred tax on the combination, goodwill, investment, share option plan and offsettingL4Expert
- Tax closing of an international group: uncertain tax treatments, Pillar Two, components and reconciliation of tax expenseL4Expert
- Professional file: IFRS tax closing of an international industrial groupL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant4 questions
- Scope: income taxes, withholding taxes, grants and tax creditsCore19 questions
Definitions and tax base
- Accounting profit, taxable profit, current tax and deferred taxCore17 questions
- Tax base of assets and liabilitiesCore24 questions
Current tax
- Current tax: liability, instalments and loss carry-backCore24 questions
Recognising deferred tax: temporary differences and exceptions
- Taxable temporary differences and deferred tax liabilitiesCore24 questions
- Deductible temporary differences and deferred tax assetsCore20 questions
- Goodwill exception and tax-deductible goodwillImportant16 questions
- Initial recognition exception and equal differencesCore28 questions
Deferred tax assets: probable taxable profit, losses and reassessment
- Probable taxable profit and tax planningCore25 questions
- Unused tax losses and tax creditsCore26 questions
- Reassessment of deferred tax assetsImportant16 questions
Investments in subsidiaries, associates and joint arrangements
- Temporary differences on investmentsAdvanced20 questions
Measurement
- Enacted or substantively enacted ratesCore27 questions
- Expected manner of recovery or settlementAdvanced18 questions
- No discountingImportant9 questions
Where to recognise tax: profit or loss, OCI, equity
- Tax recognised in profit or lossCore21 questions
- Tax recognised in OCI or equityCore30 questions
- Dividends and withholding taxesImportant17 questions
- Change in tax status (SIC-25)Specialised9 questions
Business combinations and share-based payment
- Deferred tax in business combinationsAdvanced24 questions
- Share-based paymentAdvanced16 questions
Presentation and offsetting
- Offsetting tax assets and liabilitiesImportant13 questions
- Tax expense in profit or lossImportant9 questions
Disclosure and tax rate reconciliation
- Components of tax expense and deferred tax balancesImportant17 questions
- Reconciliation of tax expense and accounting profitCore19 questions
Uncertainty over income tax treatments (IFRIC 23)
- Uncertain tax treatments: identify and assessCore23 questions
- Uncertain tax treatments: measure and reassessCore26 questions
International tax reform: Pillar Two
- Pillar Two: exception and disclosuresImportant15 questions