Special tax topics 2026-27 - Foundations of tax effect accounting

This interactive session introduces financial accountants to the principles and application of AASB 112 Income Taxes, focusing on tax effect accounting. Participants will learn how to identify temporary differences, calculate deferred tax assets and liabilities, and summarise disclosure requirements in compliance with Australian Accounting Standards. Through practical examples and case studies, the course aims to build confidence in applying AASB 112.

Upon successful completion of this topic, learners should be able to:

• Explain the key concepts of AASB 112 and its role in financial reporting for income taxes.
• Calculate current tax expense by identifying and classifying temporary and non-temporary differences between accounting and tax treatments.
• Calculate deferred tax assets and liabilities using appropriate tax rates.
• Summarise the key disclosure requirements of AASB 112.

This session forms part of the Special Tax Topics Series. These detailed sessions have been specifically designed for an online platform to ensure training is informative, immersive and engaging.

These sessions will:

• Ensure you get the critical knowledge you need while minimising your time out of the office.
• Assist you in providing proactive tax advice and identifying tax planning opportunities early.
• Help you avoid possible traps and pitfalls.
• Give you answers to the questions most relevant to you.

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.

Continuing Professional Development Hours

All sessions covered in our Special Tax Topics Series constitute verifiable CPD for CA ANZ and are likely to meet the Tax Practitioners Board's CPD requirements.

Related Packages

Looking for more? Our Essential Tax Updates perfectly complement these special topic sessions.