Tricky SBR topic: IAS 12 "Deferred tax"

Also found on ACCA's website - this video covers the tricky topic of accounting for deferred tax.

Пікірлер: 41

  • @FreeFlyer89
    @FreeFlyer8926 күн бұрын

    This was very helpful. I was able to understand this difficult topic in just a few minutes. Thanks so much.

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    25 күн бұрын

    That’s heart warming to hear! Thank you

  • @reng7777
    @reng7777Ай бұрын

    A BIIIIGGGG THANKS AMIGO! Nobody explains in a deep way DT concepts as you did KUDOS for you!! all the video contains important information but the min 14:55 was key for me!!! thanks

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    Ай бұрын

    Brilliant - thank you for your thank you !!

  • @hassanmakame
    @hassanmakame9 ай бұрын

    That was awesome, finally am able to understand the logic behind accounting for DT, had always been a nightmare!

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    9 ай бұрын

    Thank you - I do believe that accounting is understandable - and then when you get the logic then it becomes much easier

  • @Optimusprime809
    @Optimusprime8095 ай бұрын

    Thank you very much Tom! You're very talented at explaining difficult concepts and topics in a simplified manner. I wish I had you as a teacher when I was younger!

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    4 ай бұрын

    Kind words - thank you

  • @noctisvictory4325
    @noctisvictory432510 ай бұрын

    So helpful Tom, thank you!

  • @javid3744
    @javid374410 ай бұрын

    10 out of 10 very useful

  • @farhanzaman8804
    @farhanzaman880410 ай бұрын

    Thank you so much Tom for creating these great videos to refresh the concepts. Awesome!

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    And thank you for your thank you Farhan

  • @chandanamohotty8005
    @chandanamohotty800510 ай бұрын

    Kindness totowards your students are absolutely incredible.

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    It is what makes the world go round

  • @salmabhanpurawala9166
    @salmabhanpurawala916610 ай бұрын

    Solving these gave me the much needed confidence! Thankyou Tom. I hope you are planning to do these for more topics!

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    You inspire me! I am glad that you have found the confidence within you

  • @nitinbaranwal007
    @nitinbaranwal0078 ай бұрын

    Hello Sir... This is a student from India... Such a valuable and yet simple video... You are a great teacher❤

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    8 ай бұрын

    Thank you kindly - I wish you all the best

  • @jnkvngz2965
    @jnkvngz296510 ай бұрын

    thanks Tom

  • @mdshakhawathosen6913
    @mdshakhawathosen69138 ай бұрын

    Thank you

  • @nakambachiweza
    @nakambachiweza4 ай бұрын

    This has been very helpful.Much appreciated

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    4 ай бұрын

    Thank you - good to know

  • @mehedikhan3959
    @mehedikhan395910 ай бұрын

    Wonderful

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    Thank you - glad it was useful

  • @Vineeth-uc7zy
    @Vineeth-uc7zy10 ай бұрын

    Thank You Tom :)

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    No worries - glad it helps

  • @chanukkah7861
    @chanukkah78616 ай бұрын

    Thank you from 🇯🇲

  • @stevenmhango5496
    @stevenmhango549610 ай бұрын

    This was very helpful 🙏

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    Good to know - and good luck

  • @girishpai4538
    @girishpai453810 ай бұрын

    sir i tried solving the SBR paper (SBR INT Practise3) i was able to only cover 82 marks in 3hours15min there was so much in depth knowledge but due to the lack of presentation of the answer and time management it created a problem to finish the paper the question was regarding the loss of the company weather it should treat it as DTA through out the year for IAS-12 few were fun where i had a depth of knowledge but few were nasty question.

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    well done on doing a mock. One will never solve the paper in the sense of getting the answer right and getting 100%. What is key is that you have done it and that you learn from the experience

  • @girishpai4538
    @girishpai453810 ай бұрын

    Sir I tried a second mock I was able to get more time at this mock as for a last one SBR INT Mar/June 23 (22/23) mock I was able to answer better but I faced one problem in sec B regarding the Contingent liab the case was about company that states that It doesn't face any liabilities and doesn't record it in the books and is not liable to the damages as the company is in a clean chit, but should it record contingent liability I know about the theory but it was asked for 6marks or something with less info I didn't know what to write for 6marks I know the theory constructive legal, Restricting costs or any provision etc how to record it but there was very less info to take decision

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    I am pleased that you are making progress. With a contingent liability at the individual company stage it is a disclosure in the notes (IAS 37) so no liability is recognised - but when it comes to that compnay being acquired then in the group accounts and assessing the fair value of net assets IFRS3 kicks in and the contingnet liability is recognised at its fair value.

  • @bibekadhikari2298
    @bibekadhikari22987 ай бұрын

    Thank you for the video. For example 2, you didn't mention the higher current tax liability. How do we account for current tax liabillity?

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    7 ай бұрын

    If a tax assessment has been raised - then yes it will be a current liability - this is not deferred tax - the entry for a tax liability assessed is Dr PL tax expense and Cr CL tax due

  • @bibekadhikari2298

    @bibekadhikari2298

    7 ай бұрын

    @@tomclendonaccasbronlinelec7226 thank you!

  • @ajaykunwar8368
    @ajaykunwar836810 ай бұрын

    you are the best thing i found out recently sir

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    Thank you Ajay - The Style Council recorded a great track called "You are the best thing" - loved that band

  • @emilymathew4580
    @emilymathew458010 ай бұрын

    Hi Tom, i would like to know more about your classes. But i am not able to connect with you on WhatsApp. I don't know why.

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    If you in the UK - it is 07725 350793 but if you not in the UK my whats app is +44 7725 350793 -

  • @tomclendonaccasbronlinelec7226

    @tomclendonaccasbronlinelec7226

    10 ай бұрын

    But you can always email me clendon@hotmail.co.uk