Deferred Taxation, 2nd Edition

Deferred Taxation, 2^nd Edition aims to keep practitioners up-to-date with the current developments in accounting for income taxes. It provides a comprehensive guide to the principles and practices of tax effect accounting.

This book provides explanation, illustrations and worked examples on the accounting principles that relate to the recognition, measurement, presentation and disclosure of current taxes and deferred taxes. It addresses the basic principles of tax effect accounting, the requirement of MFRS 112 Income Taxes and some practical and advanced issues of tax effect accounting.

Features:

• Learning objectives are available at the beginning of each chapter to highlight the coverage and expectation of readers upon completion of the chapter.
• Illustrative examples are provided to demonstrate the computational technique.
• Detailed explanations of the amendments and changes to the principles.
• Specific guidance on the tax effects of specific issues and transactions.
• Detailed guidance on tax effects of items recognised outside profit or loss.
• Guidance on the reconciliation of effective tax rate at a reporting group level.