Description
About the product MUST BUY
The significance of Indian Accounting Standard 12 is that it states that an entity is required to show the income tax effect of each and every event and transaction. Thus, in essence, Ind AS is a form of triple-entry bookkeeping. It addresses the complexities of deferred taxation, which arises from temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Understanding and properly accounting for deferred tax assets and liabilities are essential for accurately reflecting an entity’s financial position and performance.
Discover the nuances of this Standard through our comprehensive video lecture and e-book. Delve into the intricate world of income taxes with expert guidance and clear explanations. In this engaging e-lecture and handbook, you’ll explore the fundamental principles and practical applications of Ind AS 12, gaining a deeper understanding of its effect on financial reporting. Our experienced instructor breaks down complex concepts into digestible segments, ensuring clarity and comprehension for learners at all levels. Acquire practical insights through real-world examples and case studies, bridging the gap between theory and application. From deferred tax assets and liabilities to impact on financial statements and relation to other accounting standards, every aspect of Ind AS 12 is meticulously explored with the use of several numerical examples and lucid illustrations.
What you will learn from the video lecture
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Key features
Session type – Extensive deliberation on Ind AS 12 with maximum use of practical examples and interactive discussion
e-Book – 80+ pages of elaborate commentary and illustrative cases for complete understanding
On-Demand Access – Video can be accessed anywhere, anytime on any device such as PC, Laptop, Tablet and Mobile
Unlimited Views – There is no restriction to the number of views
Study material – You will receive a detailed e-book on Ind AS 12, presentation slides, and a handout of numerical worked examples
Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase
Watch time: 2 hours 15 minutes
About the e-Book
Income Tax is considered to be a complex subject in the world. The reason why this Standard is of utmost importance is that it requires an entity to show the income tax effect of each and every event and transaction. Accounting for business and accounting for taxation are two different things. Accounting profit is the profit or loss for a period before deducting tax expense. Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable (recoverable).
This e-book includes a comprehensive coverage on the application of this Standard on an entity’s financial statements and it contains more than 60 practical numerical examples illustrating in detail the accounting treatment for income taxes.
Pages: 83
Karan Rustagi (verified owner) –
Practical and handy resource for my work..deferred taxes seem a lot easier now..thank you
harshit –
thanks for this combo i feel more confident in understanding indas 12 and effect on financial reporting