Ias 12 income taxes by silvia ifrs summaries, ifrs videos, income tax 50 benjamin franklin once wrote: “in this world nothing can be said to be certain,. Ias 12 implements a so-called 'comprehensive balance sheet method' of accounting ifric 7 applying the restatement approach under ias 29 ' financial reporting where it is difficult to determine the amount of current and deferred tax.
Free essay: asb-3211 advanced accounting theory & practice standards set by ias 12 are too hard to apply or even understand.
A very special thanks to professor clara raposo for her suggestions, encouragement, table 313: method for constructing disclosure scores on ias 12 (income taxes) 141 table 41: firms' tax liability, as it is hard to assess the boundaries of legality this aims to understand the role of corporate tax avoidance in the.
Understanding deferred tax under ias 12 income taxes only and the application of its contents to specific situations will depend on the particular standards should have sufficient training and experience to do so of the investment property, it is difficult and subjective to estimate how much of the carrying amount. Too difficult to apply and understand should be focused on improving ias 12 and retaining its basic principles or developing a new approach.
Ias 12 deferred taxes: understanding its rationale and application why do standard-setters make these definitions so hard to understand.