IFRS: Expenditure, Provisions and Taxation

Understanding the New UK & Ireland GAAP

Online Course on IFRS:
Expenditure, Provisions and Taxation

Accounting for expenditure is a key part of organisational performance measurement.

This can be subjective and so this course looks at all the key areas of potential difficulty:
• IAS 37 deals with provisions, involving a high degree of
estimation and judgement.IFRS Expenditure, Provisions and TaxationCPD raining Course
• IAS 19 and 26 deal with employee benefits and retirement benefits plans
and the consequences can therefore be substantial
• IAS 12 deals with taxation
– any miscalculation in this area can be extremely costly

Throughout the course the focus is on the impact on the “bottom line”.

buy IFRS: Expenditure, Provisions and Taxation

Understanding IFRS: Expenditure, Provisions and Taxation
enables the learner to:

• Recognise the difference between provisions and other types of liabilities and
the specific rules which are required.
• Consider the range of issues in employee benefits from the payment of salaries to
long-term pension benefits
• Understand the objectives and scope of IAS 26
• Correctly prescribe the accounting treatment for income taxes

Learning outcomes of IFRS: Expenditure, Provisions and Taxation

IAS 37: Provisions, Contingent Liabilities and Contingent Assets
• What are the objectives and scope of IAS 37?
• What are the key definitions?
• What is the difference between a provision and other types of liability?
• What are the specific rules that must be complied with?
• How do we deal with contingent liabilities and assets?
• How do I measure provisions?
• How do I establish and change provisions?
• What are the disclosure requirements?
IAS 37

IAS 19: Employee Benefits
• What are the objectives and scope of IAS 19?
• What are the basic definitions?
• What do I need to know about employee benefits?
• What is the difference between post-employment defined contribution and defined benefit plans?
• How do we account for post-employment benefits in
different situations?
• What changes when a defined benefit plan is involved?
• How do actuarial assumptions impact on the calculations?
• How are past services costs and gains and losses
on settlements calculated?
• How are plan assets recognised and measured?
• What are the disclosures required for defined benefit plans?
IAS 19

IAS 26: Accounting and Reporting by Retirement Benefit Plans
• What are the objectives and scope of IAS 26?
• How are defined contribution plans dealt with by IAS 26?
• How are defined benefit plans dealt with by IAS 26?
• How are actuarial present values calculated?
• How should financial statements of the plan be presented?
• What disclosures need to be made?
IAS 26

IAS 12: Income Taxes
• What are the objectives and scope of IAS 12?
• What are the key definitions?
• How are taxable temporary differences accounted for?
• How are deductible temporary differences accounted for?
• How are current and deferred tax liabilities and assets measured?
• What are the rules relating to recognition of current and deferred tax?
• How should tax assets and liabilities be presented?
• What disclosures need to be made?
IAS 12

About the Author of IFRS: Expenditure, Provisions and Taxation

Wayne BartlettDr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.

After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice. He has worked closely with a number of
Supreme Audit Institutions and has become an expert of the implementation if international accounting standards.

Flexible learning

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.

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