11 years later, content is very relevant, big up🎉

I have to admit, I love this Intelligent man. You Just made a concept I thought was difficult very simple for me... Thumbs up.

Thank you so much Richard for breaking down this standard .I now understand it

I reside in Cape Town and I'm in 3rd year BCompt. I'm currently on the chapter dealing with deferred tax in my studies and I must say your video has been a huge help to me in clarifying some particular issues that were confusing me. Thank you so much!

South African accountants are always worth a watch.

Hi Moe, yes we are from South Africa. Thanks for the kind words, we are glad you like the video. We are working hard to put out more videos. We have not based our accounting videos on any specific tax legislation. The tax legislation changes regularly and is different around the world so in our illustrations we tell you what the scenario is for that example only. Thanks

Your teaching is quite helpful. I had never understood DTA & DTL until I watched your teaching video. Thanks so much!

This is probably the best video I have seen to simplify the concepts around taxes ! Thanks so much for uploading !

Wow... let me say that this video was so helpful. English is not my first language, so watching these have saved me a lot reading time. Thank you so much.

Ooh my God i have not covered this section yet, but i can recorgnize some of the accounts names what they stands for. I love your teaching. You sound so brave with your explanation God blessed KZfaqrs for some of this video.

Thank you very much! Your explanation a lot easier to understand than in my IFRS lectures! God bless you

He just turned a complex topic in to simple chapter. beautiful. thank you

I wish you were a certified ACCA tuition provider...the work you do is striking! You are actually aiming to help to understand global principles through local and methodical approach, that many universities fail to provide. Thanks a lot for making IAS's and IFRS's step into life out of their published boring definitions!

BEST EXPLENATIONS EVER... I AM STUDYING FOR ACCA AND WITH THIS VIDEO I REALLY UNDERSTAND DEFFERED ISSUES

Hi Lutho, in 2011 we increased the tax expense and therefore debited tax expense and credited liability. It can sometimes be a bit confusing, just remember that in this example we increase taxable income in 2011 (decreased in 2010), and therefore increase tax expense in 2011 (decrease in 2010). Hope this helps?

you have just made deffered tax easy for me...thank you

Thanks for the question. The accounting depreciation is added back before deducting the tax depreciation (capital allowance). That is to say, we reverse the accounting depreciation (2,500 year 1; 2500 year 2) and then deduct the tax depreciation (5000 year 1; zero in year two). Please note that this example is not built on actual tax law enacted in any country, but is uses the example that for this specific asset the tax authority allowed a 100% depreciation (capital) allowance in year 1. Thanks

It's really happy learning. Thanks

The basic principle of calculating deferred taxes using the international standard IFRS is done effectively in this video.

Extremely clear. Good explanation. Thank you!

Yhooo great and easy to understand.Please add more video - i'll pay money to tabaldiaccountying when doing CTA in UNISA.So potential custormers.Please keep on adding.

Thanks mate, you explain this very well.

Very well explained. Difficult concept explained very simply.

Ohhh... I was worrying about Def. Tax.. great explanation .. thanks

Thank Richard you legend! my exam worries will now be deferred till later on in life!!

Thanx a lot...... U are a life saver.....

Thank you so much for sharing!! I really like the presentation format and how you could add a video of yourself. Are these all done in Power Point or you use different application ?

Excellent discourse. Thank you. Better explanation than most texts.

Hi Christine, we are looking at doing more of these and then possibly doing DVD's.... keep following (sorry we are a bit slow in getting more up at the moment)

Thanks for sharing. Very helpful

thank you it was helpful

very helpful. what a great teaching skill do you have! you made it very simple such complicated fragment. thank you very much for your contribution

Thanks so much for this. I sure have some more clarity

Thanks a lot your lecture is really helpful.Kindly upload a more comprehensive example along with reconciliation. BEST REGARDS

Quite understandable ,u are a very good lecturer

can we adopt this SOFP approach in case the profit before taxes are different in two financial years? Since you have illustrated with constant profits at two years, how will you reconcile tax in case profit is different since it is complex in real life situation to have the same amount of profits.

Thanks It make easy to understand part of IAS12

Great Tax Expense teaching material ! It help me a lot. Thank you so much

Great work thank you

At 9:55 why is it a deductible temporary difference when it increases taxable income?

Hi, thanks for the great lecture on the principles of IAS12 it has really assisted me in understanding the concept of Deferred Tax.

thank you well explained

Glad we could help Anthony, not an easy topic.

Thank you very much

Great job

Really a comprehensive illustration, good job, subscribed you!

You guys are so helpful, I love this page... Thank you! Also, can there be lessons on Group Statements (Consolidation). It's quite complex and it would really help if it is simplified and explained like these ones.

How did you determine that TD in 2010 is taxable and deductible in 2011?

Hello, If a company has tax exemption from 2005-2011, and has brought forward tax losses, & in 2011 recognizes a deferred tax asset, then why is the same amount of deferred tax asset in the SOFP an income tax addition to profit before tax in Income statement?? What will be the future effects on profits??? Thanx.

Thank you very much just one question... Why do you add the depreciation to the taxable income? Isn't it the role of depreciation to lower the taxable income? I could understand if you've added the remaining value of the asset after depreciation which is 2500 but in this case it would be zero in 2011 and not 2500... Could you explain? Thanks!

Very Easy to Understand, Thanks so very much.....

thanks u just made my life easy

hi..thanx for the video it's really helpful,i have a question regarding the 2011 journals for current tax,why debit tax expense and not liability? We decreased the expense by 700(28700-28000)?

I would be making a mistake if I do not sucribe to this, thank you very much for siifying this topic for me. ;)

Thank you I was inspired to study again accounting

Excellent explanation!

Great Lecture. Thanks alot. Was very helpful.

Great lecture, very well explained.. Really appreciate it. Are you from South Africa?, and is this based on the South African budget and legislation?

Very helpful. God bless you. Thank you so much.

Thank you very much 🔥🔥

thanks a lot God bless u

this is useful

Thank you Richard and Tabaldi Team. This is very helpful. Tonnes of thanks and wishes from India.

Thanks. But how do you know the Tabaldy tree.

Thank you

Thank you !! It is really helpful

wow you are the best.

Great Lecture - Thanks.

Really helpful thank you.

thank you.

Hi I have one industry question, how to create deferred tax in case of tax free units

many thanks

Thank u...

these videos are so nice, can they make it downloadable please

how do i download the videos they are very helpful

Dear sir , thanks for your valuable videos ,can you give a video on temporary difference but no deferred tax impact, eg, on government grant or intangible asset, it would be a great help for me, regards, Nimay Ram, From Bangladesh.

Thank you so much!

ACCA P2! Yayyyyy!

Thanks ..Was helpful alot

Can I make a request for a video on the topic Earnings Per Share

Thank you ❤️

thank you very much

Do you have any videos on underlying tax and withholding tax?

Brilliant!

Thanks very much very helpful

very helpful lecture

thank you!

Hi! Contratulations for your videos. What program do you use for make your lessons?

thank you

6:45

Why does the solution to my tax question use a future income tax recovery account that you never mention?

appreciated!

CA stands for California? So this is US taxation law?

Pleas add the new revenue standard :)

Why the more I learn accounting the less I know?

tabaldy

If future economic benefits of the PPE are only worth 5000 and that's what you paid, then why bother?

Thank you very much. Allah (God almighty) bless you.

It's all about who teaches.... Period