IFRS 10, IFRS 11 and the effective tax rate

Alycia Spitzmueller

Stephanie Hurst

To consolidate or how to account? That is the question. Stephanie Hurst and Alycia Spitzmueller consider the impact of new standards issued by the IASB.

Investments in entities: what’s changed?

With regard to investments in entities one important question for tax accountants to understand is: ‘How is this investment accounted for – is it consolidated equity accounted shown as a share of assets and liabilities or held as a financial asset?’

The answer to this question is relevant in order to apply IAS 12 to the calculation and presentation of any related current or deferred tax balances. For example:

How should the tax expense or benefit be presented in the financial statements?
Is there a temporary difference with regard to the investment and...

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To consolidate or how to account? That is the question. Stephanie Hurst and Alycia Spitzmueller consider the impact of new standards issued by the IASB.

Investments in entities: what’s changed?

The answer to this question is relevant in order to apply IAS 12 to the calculation and presentation of any related current or deferred tax balances. For example: