isn't there many things has been changed now how could this be helpful can you explain it
@bhekaphakathi35094 ай бұрын
Yes, things might have changed, but the concepts are still the same. In terms of what are doing, how are we doing it and why is it being done, then study the latest version to grasp the changes
@TabaldiEducation4 ай бұрын
Exactly as you say,@@bhekaphakathi3509! IAS12 has not changed in the last decade. The principles are still exactly the same. The tax rates have changed.
@phillipmokhene11569 жыл бұрын
I have to admit, I love this Intelligent man. You Just made a concept I thought was difficult very simple for me... Thumbs up.
@TabaldiEducation7 жыл бұрын
Hi Phillip Thank you for your kind comments there - The Tabaldi Team
@AshleyMuchenjeАй бұрын
Thank you so much Richard for breaking down this standard .I now understand it
@TabaldiEducationАй бұрын
Glad to hear it!
@Zelios2611 жыл бұрын
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!
@calummurphy20035 жыл бұрын
South African accountants are always worth a watch.
@TabaldiEducation11 жыл бұрын
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
@cindyzhang805410 жыл бұрын
Your teaching is quite helpful. I had never understood DTA & DTL until I watched your teaching video. Thanks so much!
@TabaldiEducation10 жыл бұрын
Thank you Cindy. We are glad that we could help.
@predgit10 жыл бұрын
This is probably the best video I have seen to simplify the concepts around taxes ! Thanks so much for uploading !
@TabaldiEducation9 жыл бұрын
Thank you Predgit for the encouraging comment ! We are always adding new courses on our website www.tabaldi.org for the IFRS standards. Best of luck with your studies.
@Lautaro_Guindulain10 жыл бұрын
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.
@TabaldiEducation10 жыл бұрын
Thank you Anatananarivo201, we are glad that we could assist with your studies.
@augustayarteh75245 жыл бұрын
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.
@arnurakhmetov42468 жыл бұрын
Thank you very much! Your explanation a lot easier to understand than in my IFRS lectures! God bless you
@TabaldiEducation8 жыл бұрын
+Arnur Akhmetov Thank you for your comment. We are pleased that you found these lectures helpful.
@khakamajenge48745 жыл бұрын
He just turned a complex topic in to simple chapter. beautiful. thank you
@AS-bs5yj6 жыл бұрын
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!
@TabaldiEducation6 жыл бұрын
Thank you so much for your comment, at Tabaldi we aim to simplify the most complex accounting definitions and concepts. Stay subscribed to our channel for more.
@stavroskaragiannopoulos58433 жыл бұрын
BEST EXPLENATIONS EVER... I AM STUDYING FOR ACCA AND WITH THIS VIDEO I REALLY UNDERSTAND DEFFERED ISSUES
@lemonsherbert89153 жыл бұрын
Hello, I am studying ACCA as well, only started this week but I'm writing sbr,sbl in june, then my electives(afm, still deciding on the 2nd one) in sept. Do you by any chance know a community of RSA students, that I can be part of, or start one ourselves?
@TabaldiEducation11 жыл бұрын
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?
@thefavouredone5903 Жыл бұрын
you have just made deffered tax easy for me...thank you
@TabaldiEducation Жыл бұрын
We're glad to hear it!
@TabaldiEducation11 жыл бұрын
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
@sydulislam79953 жыл бұрын
It's really happy learning. Thanks
@InstTaxSolutionsLLC10 жыл бұрын
The basic principle of calculating deferred taxes using the international standard IFRS is done effectively in this video.
@davidemassa1256 Жыл бұрын
Extremely clear. Good explanation. Thank you!
@TabaldiEducation Жыл бұрын
You're welcome!
@njabulohlongwane90798 жыл бұрын
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.
@TabaldiEducation8 жыл бұрын
Thank you for you comment. We do have many courses on offer - visit www.tabaldi.org to see the full packages. The Tabaldi Team
@tobiegardner88918 жыл бұрын
Thanks mate, you explain this very well.
@TabaldiEducation8 жыл бұрын
Thank you Tobie Gardner, we are glad you found this helpful - good luck with your studies
@pankajsolomon14436 жыл бұрын
Very well explained. Difficult concept explained very simply.
@harshahewawasam10268 жыл бұрын
Ohhh... I was worrying about Def. Tax.. great explanation .. thanks
@TabaldiEducation8 жыл бұрын
+HARSHA HEWAWASAM Thank you for your comment - glad you where helped by this video.... Best with your studies The Tabaldi Team
@harshahewawasam10268 жыл бұрын
Thank you very much
@stevenfine82047 жыл бұрын
Thank Richard you legend! my exam worries will now be deferred till later on in life!!
@TabaldiEducation7 жыл бұрын
ha ha ha and so it goes. Thanks for your comment The Tabaldi Team
@Clas-man8 жыл бұрын
Thanx a lot...... U are a life saver.....
@TabaldiEducation8 жыл бұрын
+CLASMAN1000 Thank you for your comment - glad that you where helped by this video
@KATIYA74 жыл бұрын
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 ?
@TabaldiEducation4 жыл бұрын
Thank you, Katiya. We use various applications to write, record and edit the videos. The way we currently do it has evolved from these older ones.
@joydeepghosh45675 жыл бұрын
Excellent discourse. Thank you. Better explanation than most texts.
@TabaldiEducation11 жыл бұрын
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)
@Wezhilz85902 жыл бұрын
Thanks for sharing. Very helpful
@TabaldiEducation2 жыл бұрын
Glad it helped, Reason!
@zeeshansaleem74413 жыл бұрын
thank you it was helpful
@alemayehumesele21599 жыл бұрын
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
@TabaldiEducation8 жыл бұрын
+Alemayehu Mesele Thank you for your kind comments and we are pleased that you found these videos helpful and care
@christine__mwathi5 жыл бұрын
Thanks so much for this. I sure have some more clarity
@amirali-lw5qy9 жыл бұрын
Thanks a lot your lecture is really helpful.Kindly upload a more comprehensive example along with reconciliation. BEST REGARDS
@shyletmagaya51864 жыл бұрын
Quite understandable ,u are a very good lecturer
@kshetrisurendra32965 жыл бұрын
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.
@elmansory684 жыл бұрын
Thanks It make easy to understand part of IAS12
@auwha461511 жыл бұрын
Great Tax Expense teaching material ! It help me a lot. Thank you so much
@lottnathan66562 жыл бұрын
Great work thank you
@TabaldiEducation2 жыл бұрын
Our pleasure!
@pigslefats Жыл бұрын
At 9:55 why is it a deductible temporary difference when it increases taxable income?
@anthonybowers1211 жыл бұрын
Hi, thanks for the great lecture on the principles of IAS12 it has really assisted me in understanding the concept of Deferred Tax.
@munyaradzishaleenmhuruyeng27184 жыл бұрын
thank you well explained
@TabaldiEducation4 жыл бұрын
Glad to hear it! Thanks for the feedback!
@TabaldiEducation11 жыл бұрын
Glad we could help Anthony, not an easy topic.
@ruesanyika1773 Жыл бұрын
Thank you very much
@TabaldiEducation Жыл бұрын
You are most welcome!
@kmrhmnbd4 жыл бұрын
Great job
@0126ray10 жыл бұрын
Really a comprehensive illustration, good job, subscribed you!
@TabaldiEducation10 жыл бұрын
Thanks!
@esperancacapelao24245 жыл бұрын
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.
@refilweprecioussebogodi38153 жыл бұрын
How did you determine that TD in 2010 is taxable and deductible in 2011?
@khannagma11 жыл бұрын
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.
@whytestifyfor11 жыл бұрын
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!
@sapnakhakh46099 жыл бұрын
Very Easy to Understand, Thanks so very much.....
@TabaldiEducation8 жыл бұрын
+Sapna Khakh Glad that you found the videos easy to understand and follow.
@nkocnkocy87724 жыл бұрын
thanks u just made my life easy
@luthodinisile953611 жыл бұрын
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)?
@ndumisocele38279 жыл бұрын
I would be making a mistake if I do not sucribe to this, thank you very much for siifying this topic for me. ;)
@TabaldiEducation8 жыл бұрын
+YAQOOB CELE Thank you for you comment - glad you found these videos helpful
@forfun11016 жыл бұрын
Thank you I was inspired to study again accounting
@TabaldiEducation6 жыл бұрын
Thats great to know! Good luck with your studies.
@wilvanvorstenbosch37335 жыл бұрын
Excellent explanation!
@mohammedfarsan535211 жыл бұрын
Great Lecture. Thanks alot. Was very helpful.
@moekazi933811 жыл бұрын
Great lecture, very well explained.. Really appreciate it. Are you from South Africa?, and is this based on the South African budget and legislation?
@mustafamacdi35609 жыл бұрын
Very helpful. God bless you. Thank you so much.
@TabaldiEducation9 жыл бұрын
mustafa macdi Many thanks for the encouraging comment, we are glad that you found this useful !
@philaniwelcome72494 жыл бұрын
Thank you very much 🔥🔥
@TabaldiEducation4 жыл бұрын
You're welcome 😊
@muhammadwaqar25587 жыл бұрын
thanks a lot God bless u
@TabaldiEducation7 жыл бұрын
Glad you benefited from these videos. Best wishes with your studies Thank you The Tabaldi Team
@paidamoyonhembera22214 жыл бұрын
this is useful
@TabaldiEducation4 жыл бұрын
Thank you, @paidamoyo
@jinesh03067 жыл бұрын
Thank you Richard and Tabaldi Team. This is very helpful. Tonnes of thanks and wishes from India.
@TabaldiEducation7 жыл бұрын
Thank you for your comment. We are glad you find our videos useful :-)
@tasity10416 жыл бұрын
Thanks. But how do you know the Tabaldy tree.
@bluelightstv90264 жыл бұрын
Thank you
@prashadguruge66915 жыл бұрын
Thank you !! It is really helpful
@njabulohlongwane90798 жыл бұрын
wow you are the best.
@shankarthapa00111 жыл бұрын
Great Lecture - Thanks.
@jennyfan977410 жыл бұрын
Really helpful thank you.
@peterrochmann138910 жыл бұрын
thank you.
@prasadb27423 жыл бұрын
Hi I have one industry question, how to create deferred tax in case of tax free units
@TabaldiEducation3 жыл бұрын
Hi Prasad, what do you mean by 'tax-free units'?
@mahindaarachchige36899 жыл бұрын
many thanks
@adityasujarminto28019 жыл бұрын
Thank u...
@magieshimbali288610 жыл бұрын
these videos are so nice, can they make it downloadable please
@TabaldiEducation10 жыл бұрын
Hi Magie - The videos are not downloadable. The Tabaldi Team
@christinetapedza390111 жыл бұрын
how do i download the videos they are very helpful
@nimayram60296 жыл бұрын
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.
@TabaldiEducation6 жыл бұрын
Hi Nimay, thank you for finding our videos valuable. Our KZfaq channel is more for general deferred tax understanding, we do not record videos for specific areas that may not be of interest to all subscribers. Our paid platform does however have a forum where we address specific queries, visit www.tabaldi.org for more information. Good luck with your studies!
@nimayram60296 жыл бұрын
thanks , for the reply.
@rjws695 жыл бұрын
Thank you so much!
@Gazacommandment9 жыл бұрын
ACCA P2! Yayyyyy!
@joshuajessekelvin56428 жыл бұрын
Thanks ..Was helpful alot
@TabaldiEducation8 жыл бұрын
+Joshua Jesse Kelvin Thank you for your comment - Glad that you found benefit from these videos The Tabaldi Team
@luthotsengiwe46508 жыл бұрын
Can I make a request for a video on the topic Earnings Per Share
@LulamaMaqubela6 жыл бұрын
Thank you ❤️
@raviramsingh770211 жыл бұрын
thank you very much
@virtuousjoffrey80229 жыл бұрын
Do you have any videos on underlying tax and withholding tax?
@TabaldiEducation9 жыл бұрын
Dinuka Malith Hi Dinuka, witholding tax will not usually effect deferred tax (unless it is a group situation and there is withholding tax on a foreign associate company). The tax legislation is way out of our skill set though and will be country specific. sorry, we are more IFRS guys than tax guys
@wosewose62599 жыл бұрын
Brilliant!
@faafouinasua45819 жыл бұрын
Thanks very much very helpful
@TabaldiEducation8 жыл бұрын
+Faafouina Su'a Thank you for your comment - glad that you found benefit from the lecturers.
@euginiaification9 жыл бұрын
very helpful lecture
@TabaldiEducation8 жыл бұрын
+euginia maseko Thank you for your comment - glad you found these videos helpful.
@stevenhan514810 жыл бұрын
thank you!
@BrunoLimacontabilidade8 жыл бұрын
Hi! Contratulations for your videos. What program do you use for make your lessons?
@TabaldiEducation8 жыл бұрын
+Bruno Lima Thank you glad you enjoyed the videos. Best wishes for your studies. The Tabaldi Team
@lizkim471710 жыл бұрын
thank you
@rdm3473 жыл бұрын
6:45
@kashbash96457 жыл бұрын
Why does the solution to my tax question use a future income tax recovery account that you never mention?
@kashbash96457 жыл бұрын
My question may be beyond the scope of this video. I have "Future Income Tax Asset (current)", "Future Inc. Tax Recovery," and "Future Inc. Tax Liability (non-current)" accounts in the journal entry.