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What is full provision method according to IAS-12.

Accounting IAS Cost Accounting Financial Reporting IFRS
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Question added by Jameel Yousaf , Supervisor , Nasir Javaid MAqsood Imran Chartered Accountants
Date Posted: 2015/03/10
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Shehu Shantali
by Shehu Shantali , MD/CEO , Apricot Investments Limited

According to IAS 12 where the Deferred Tax is treated, in order to do this, the temporary difference is  multiplied by the applicable enacted tax rate. This is usually done at the end of the reporting period.

 

Deferred Tax of cos is the Tax that will/may become liablein another accounting period.

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