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Deferred tax I – basic principles

Do you need to calculate your deferred tax and don't know how? Our course will help you understand the fundamentals of deferred tax, which is the same for both Czech accounting regulations and IFRS. Using basic examples, you will learn to calculate deferred tax.

No dates available. If you are interested in attending the training, please fill the form.

Who are the intended participants?

  • Accountants, analysts, and internal audit or economic department employees who want to get some practical training in these topics

Programme

  • Income taxes and their reporting
  • Deferred tax under CAS and IFRS
  • All about income tax for deferred tax purposes
  • Deferred tax – basic principles of calculation
    • Temporary vs. permanent differences
    • Tax base
  • Procedure for calculating deferred tax and determining deferred tax on most common items (provisions, adjustments, differences between the book and tax values of fixed assets, tax losses carried forward)
  • Recognition of deferred tax assets and related changes in estimate

Benefits

During the course, you will:

  • Understand the nature and logic of deferred tax
  • Become able to identify from the calculation of current tax the areas that give rise to deferred tax and calculate deferred tax (the principle of calculation is identical for both Czech accounting legislation and IFRS)
  • Know whether it is possible to recognise a deferred tax asset.

References

The financial departments of the P3 Parks Group together participated in a one-day training course on current and deferred tax at the KPMG Business Institute. The focus of the course was to provide participants with an overview of typical items that influence an entity’s tax base, their effect on local deferred tax, and the effective use of tax rates to assess the accurate calculation of tax. Practical examples provided participants with the opportunity to test their newly-acquired understanding. Selected transaction types were then examined further in view of the different legislative approaches in the individual countries in which the P3 Parks Group is active. The expectation was that this training course would provide solid knowledge on deferred tax to the country representatives as well improve the quality of internal tax reporting processes. The training course certainly fulfilled our expectations.

PointPark Properties s.r.o., Lenka Mičianiková, Group Reporting Manager
Lenka Mičianiková, Group Reporting Manager
Date

Deferred tax I – basic principles

Ing. Martina Křížová Chrámecká, FCCA
Course fee: 4 000,- CZK ex. VAT
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