Disclosures
You'll learn how to properly disclose deferred tax information in financial statements, a key requirement for Financial Reporting and Strategic Business Reporting papers.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Deferred tax disclosure requirements
- 0:03 Major components of tax expense
- 0:07 Equity items and comprehensive income
- 0:19 Reconciling tax expense to profit
- 0:23 Changes in enacted tax rates
About this lesson
This lesson covers the mandatory disclosures you must make: separating major components of tax expense, aggregating current and deferred tax for items recognised in equity, and explaining the relationship between tax expense and accounting profit. You'll also discover why disclosing changes in enacted tax rates matters and how to present this information clearly to meet IFRS standards and exam requirements.
Duration: 1m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Strategic Business Reporting course
All 167 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in