Deferred Tax (IAS 12) | Explained with Examples

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 145

  • @marilynyoh7951
    @marilynyoh7951 3 роки тому +97

    you are the most articulate accounting teacher ever. You deserve an award sir. You are rare a teacher most students wish for

  • @sinovee
    @sinovee 8 місяців тому +15

    God bless you since high school you've been helping me I'm in my 3rd year of accounting now and still here!

  • @yebogogaz
    @yebogogaz Рік тому +20

    Happy to see a South African video out there! Made my heart beat proud! Great Video! Thanks for saving me for my ACCA exam

  • @justingray8919
    @justingray8919 Рік тому +6

    An absolutely phenomenal video! As a student who works full time, you are a lifesaver. I often find my prescribed textbook throws a lot of information at once but you are provided such amazing guidance on this!

  • @xbhalohoop
    @xbhalohoop 2 роки тому +5

    I am writing my CPA exams this September and IAS 12 was always a very difficult standard for me to understand. I can now say I know how to tackle IAS 12 in Accounting cases! Thank you

  • @zandilecharlottemthethwa5637
    @zandilecharlottemthethwa5637 2 роки тому +19

    I have never thought I will understand deferred tax like this, you just nailed it for me 🙌
    The way explains this is 👌

  • @noncedohope5111
    @noncedohope5111 3 роки тому +10

    Never had someone explaining deferred tax like this. Thank yo so much.

  • @wandatym5184
    @wandatym5184 2 роки тому +2

    I just had to stop the video and write this. You are the best accounting teacher. The way everything is just clear when explain it. I've been struggling with deferred tax for a long time now.

  • @billywang3829
    @billywang3829 3 роки тому +27

    South Africans are always the best at accounting

  • @zanelenonjabulo5117
    @zanelenonjabulo5117 3 роки тому +9

    I always find it hard to understand accounting UA-cam videos but this is just perfect and clear ! Thank you !! 🤝

  • @nontokozosiphesihle5055
    @nontokozosiphesihle5055 9 місяців тому +5

    Made the topic easier to understand, thank you!

  • @ghislainemonga866
    @ghislainemonga866 3 роки тому +26

    Thank you so much this was so clear, I am currently doing 3rd year financial accounting (advanced accounting) and this is the first time I understand deferred tax 😂

  • @ziziphonkunyane
    @ziziphonkunyane 2 місяці тому

    I honestly don't have words to express my gratitude, you're a remarkable teacher 💯
    May God bless you sir

  • @charitymothapo9096
    @charitymothapo9096 2 роки тому +2

    you are a God sent sir....i thought deferred tax was a monster. Thank you so much, with you i will surely complete this degree

  • @rmusic8969
    @rmusic8969 9 місяців тому +2

    This is a difficult topic, but you explained it very clearly.

  • @zukisanisitela3535
    @zukisanisitela3535 4 роки тому +10

    The way you explain it, is so good !!! thank you so much

  • @warurumurugi2698
    @warurumurugi2698 3 роки тому +2

    This is what ave been looking for for Soo long. Thanks I got the information. Simple and clear.

  • @anirudhjahagirdar
    @anirudhjahagirdar 2 роки тому +2

    oh my god!!! this made my taxation chapter very easy!!! thanks a ton.

  • @washeemkalideen1669
    @washeemkalideen1669 4 роки тому +9

    Best one .. simply explained with such clarity 👌

  • @motunrayogbebemiolayioye5182
    @motunrayogbebemiolayioye5182 2 роки тому +3

    Your explanation is superb. I understand DT clearly now. You're a great teacher

  • @ThaboMokoka-s9e
    @ThaboMokoka-s9e Місяць тому

    You have made it simple to understand,very good presentation and good basic examples,now I fully understand the topic

  • @sparaxsparax8557
    @sparaxsparax8557 3 роки тому +3

    Great explanation and you made it easy to understand deferred tax. It was easy to attempt the examples on my textbook after I have watch this video. Thanks man!!

  • @avniiii24
    @avniiii24 3 роки тому +1

    Thank u i am 12 i am really curious and i aspire to become CA i asked papa since he is CA i understood only 75% but now i understood 100% thank you😀

  • @hildenhawala5153
    @hildenhawala5153 4 роки тому +7

    I love this explanation👏👏👏

  • @seh1759
    @seh1759 3 роки тому +1

    Yoh... Sir , you're legit ❤️💯👏👏👏I wish you'd be my for all time financial and management accounting lecturer

  • @violatshali7314
    @violatshali7314 3 роки тому +4

    Outstanding teaching skills Sir 🔥🙏🏽

  • @JROTGC
    @JROTGC 3 роки тому

    I have a better understanding of this IAS 12, now onto the complex stuff, i hope the same guy explains them as well kkk, he is good.

  • @CelestedeVries
    @CelestedeVries 3 роки тому

    Thank you very much! Best deferred tax explanation I have ever listened to.

  • @douglasmukuma7393
    @douglasmukuma7393 Рік тому

    Very articulate indeed. you have cleared all questions on the standard. I would like to follow you on other topics.

  • @danielzivavose49
    @danielzivavose49 3 роки тому +1

    MARVELLOUS.... THANK YOU SO MUCH. I ENJOYED THIS SESSION. IT MADE EVERY CHALLENGE DISAPPEAR

  • @BradleyMapa-dk8xb
    @BradleyMapa-dk8xb Рік тому

    Really helpful to my question. Thank you so much sir for your well explanation on deferred tax.

  • @thabisilembokazi1706
    @thabisilembokazi1706 Рік тому

    Wow, You have made this so easy for me to understand. I am writing my PE in June this will help

  • @roguenjgaming5189
    @roguenjgaming5189 4 місяці тому

    Brilliant video. Explained very well. Thank you!

  • @zxxxrain8070
    @zxxxrain8070 3 роки тому +4

    You never disappoint!

  • @juliuskconsult
    @juliuskconsult 4 роки тому +4

    DEFERRED TAX MADE EASY

  • @financefuturewellshoes2536
    @financefuturewellshoes2536 3 роки тому

    Very good teaching with easy understandable examples

  • @onelise_
    @onelise_ 2 роки тому

    You are the best in the world 🌍 🤞🙌

  • @victorsanya5324
    @victorsanya5324 Рік тому +1

    Simple and clear ❤

  • @MeMe-ef3bq
    @MeMe-ef3bq 3 роки тому

    Thank you so much sir… really appreciate… from Nigeria 🇳🇬 💪🏾💪🏾

  • @cnaasirshire353
    @cnaasirshire353 4 роки тому +2

    You're So much thanks for clarfications and Simply undersanding

  • @danielhambadja1217
    @danielhambadja1217 4 роки тому +3

    great explanation.

  • @AboutNamibia
    @AboutNamibia 2 місяці тому

    So well explained!!

  • @rahulbathwal4658
    @rahulbathwal4658 3 роки тому

    Your explanation is very clear

  • @phumelelepana814
    @phumelelepana814 2 роки тому +1

    Thanks a lot sir. Very happy with this session, i benefited a lot.

  • @joramkemboi4790
    @joramkemboi4790 3 роки тому

    Beautiful presentation and very clear

  • @AyandaPhakathi-eb3xc
    @AyandaPhakathi-eb3xc 2 місяці тому

    Doing Pdga at ukzn this is brilliant

  • @gumaportiadineo9087
    @gumaportiadineo9087 Рік тому

    Thank you, i now understand deffered Tax

  • @amandazondi1496
    @amandazondi1496 3 роки тому +1

    Great explanation... Follow up videos

  • @joramlinus4138
    @joramlinus4138 Рік тому

    best tutorial indeed. but I have a question. why do we calculate deferred tax or what is the importance of deferred tax? thank you in advance.

  • @audreyrebu2999
    @audreyrebu2999 Рік тому

    Thank you the tutorial was simple and clear.

  • @aahargroups3348
    @aahargroups3348 2 роки тому +1

    Thank you so much for making this video.

  • @muhibbulhaq9977
    @muhibbulhaq9977 2 роки тому

    Brilliantly explained. Kudos!

  • @paulmukoki6156
    @paulmukoki6156 2 роки тому

    Good and clear explanation. I am impressed.

  • @vincychan6174
    @vincychan6174 3 роки тому +1

    Thank you for your video! You make deferred tax much easier to understand :-)

  • @mmalapile3022
    @mmalapile3022 2 роки тому

    this topic is the cause for my severe depression

    • @Counttuts
      @Counttuts  2 роки тому

      Keep at it, you'll crack it :)

  • @maridevskey
    @maridevskey 2 роки тому

    Great vid. Thank you sir! I loved the examples. Very helpful. Watching from Germany for my accounting exam

  • @priscanyamande9345
    @priscanyamande9345 3 роки тому

    very profound..found this a few hours before exam and am good to og

  • @Ctizen_sK
    @Ctizen_sK 8 місяців тому

    Sir Thank you very much. You saved me.

  • @banelemkhaliphi623
    @banelemkhaliphi623 6 місяців тому

    you're the best.

  • @shareyourtestimony6605
    @shareyourtestimony6605 Рік тому

    In the permanent example, if there is a temporary expense do we add or substrate and the deferred as well?

  • @tadiwagoremusandu6212
    @tadiwagoremusandu6212 3 роки тому +1

    Wow!! Well explained

  • @thusozakhele7583
    @thusozakhele7583 3 роки тому

    Well explained you are a very good lecturer

  • @JPTheron88
    @JPTheron88 Рік тому

    When I pass this year, I must send you a bottle of wine, Thank you for your videos.

  • @Abramfares
    @Abramfares Рік тому

    very good explaination,thank you

  • @dessieh6367
    @dessieh6367 2 роки тому

    Excellent Tutorial

  • @feliciamudzi6161
    @feliciamudzi6161 3 роки тому

    Much appreciation .you are great tutor.

  • @AwelaMsomi
    @AwelaMsomi Рік тому

    Thank you so much i understood better

  • @Fenty966
    @Fenty966 3 роки тому

    You are an angel😍 thank you so much

  • @narcaware3651
    @narcaware3651 3 роки тому +1

    thank you. this helped alot I now understand

  • @warurumurugi2698
    @warurumurugi2698 3 роки тому +3

    You promised to do another video on deferred tax when there are opening balances. We are still waiting

  • @Heartsinmelody
    @Heartsinmelody 9 місяців тому

    Awesome video

  • @couch_potato1914
    @couch_potato1914 Рік тому

    very helpful, thank you very much!

  • @zinhleskosana2847
    @zinhleskosana2847 2 роки тому

    I'm so grateful for this video, thank you so much 🥺

  • @BradleyMapa-dk8xb
    @BradleyMapa-dk8xb Рік тому

    We want more from you Sir

  • @clementinemashigo9708
    @clementinemashigo9708 7 місяців тому

    very helpful

  • @sheilahtshekoeng9703
    @sheilahtshekoeng9703 Рік тому

    Hello
    Bright plc's balance showed a debit balance of $2450 on he current tax account and a credit balance of $3210 on the deferred tax account.The tax liability for the current year has been estimated at $8470 and Bright plc's net asset have a carrying value if $7000 greater than their tax base The statement rate of corporate income tax is 3%.what amount will be shown as the tax charge in Bright plc's statement of profit or loss account?

  • @aguhamaka5685
    @aguhamaka5685 3 роки тому

    Great lecture. Very helpful.

  • @adelaidekgaphola7683
    @adelaidekgaphola7683 2 роки тому

    Well explained, thank you sir. You make them look easier ❤❤

  • @paidamoyogloriamupeti1019
    @paidamoyogloriamupeti1019 2 роки тому

    Well understood. Thank you very much

  • @rumbidzaihondoma8298
    @rumbidzaihondoma8298 3 роки тому +1

    well explained thank you

  • @kalibbalabruno9405
    @kalibbalabruno9405 2 роки тому

    Thank you. Great insight.

  • @jasminjaffar9557
    @jasminjaffar9557 2 роки тому

    Amazing explanation sir, thank you so much.

  • @gracemambanda5167
    @gracemambanda5167 2 роки тому

    this is perfect 🤗💥

  • @pambaboniface1199
    @pambaboniface1199 6 місяців тому

    Thanks very much

  • @thatopule9021
    @thatopule9021 2 роки тому

    You are the best🥰🥰

  • @memorychigwanda9615
    @memorychigwanda9615 2 роки тому

    Well explained

  • @thabanimbono6740
    @thabanimbono6740 3 роки тому

    Best of the best

  • @elizabethyeboah1733
    @elizabethyeboah1733 Рік тому

    Wow thank you Sir

  • @loraxoxo1880
    @loraxoxo1880 3 роки тому

    Thank you so much your explanation really helped me understand

  • @alfredrolihlahla908
    @alfredrolihlahla908 3 роки тому

    I love this thank you very much
    nice explanation

  • @chrisburton4128
    @chrisburton4128 Рік тому

    If a company generates 100k ordinary business income and has no deductions but uses 50k of company income to purchase an indefinite intangible asset in the same calendar year, will the company pay taxes on 100k or 50k for the calendar year?

  • @sinayewillie3345
    @sinayewillie3345 Рік тому

    Hi Sir. I've been trying to find other videos relating to Deferred tax on your channel and I cant seem to find them. You mentioned a lecture on accruals in this video. Any assistance on how to navigate my way to related deferred tax videos? Thank you in advance.

  • @sithembisoxaba9055
    @sithembisoxaba9055 3 роки тому

    Great explanation 👌 thanks

  • @lollamin1192
    @lollamin1192 3 роки тому

    My favourite 🤩 😩💯❤️

  • @natashasewchand6447
    @natashasewchand6447 3 роки тому

    Thank you so much ! This video was well explained and very helpful 👏

  • @nikkaobenario436
    @nikkaobenario436 3 роки тому

    Thank You Sir 💓💓💓

  • @sheillazwomuya8594
    @sheillazwomuya8594 2 роки тому

    Thank you for the video

  • @elijahmaina8879
    @elijahmaina8879 2 роки тому

    very very satisfying...

  • @nhlanhlalokotfwako2051
    @nhlanhlalokotfwako2051 3 роки тому

    Good tutoring video

  • @بيانالفارسية
    @بيانالفارسية 3 роки тому

    thank you Mr!! helped a lot