What is it about?
This study examines the recognition and measurement of deferred taxes of manufacturing companies in Nigeria under IAS 12 and Nigerian-SAS. Deferred tax liabilities are recognized for taxable temporary differences and deferred tax assets are recognized for deductible temporary differences. The specific objective of the study is to determine the magnitude of change in deferred tax assets, deferred tax liabilities, and current taxes following the adoption of IAS 12. Three research hypotheses were formulated for the study. This study adopted the ex-post facto research design. The sample of the study comprises of fifteen (15) manufacturing companies in Nigerian. The study relied on secondary data from annual financial statements of the companies.
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Why is it important?
This work looks at implications of measuring deferred tax from a national GAAP to IFRS 12.
Perspectives
It is our hope that this article brings to fore the basic elements to be considered when measuring deferred tax from a IFRS view stand. This work gives us the pleasure of sharing out thoughts with the research community on these contemporary issues in accounting and finance. We look forward to constructive criticisms that will help improve the research and expand the discuss.
Mr MARY-FIDELIS CHIDOZIEM ABIAHU
Nnamdi Azikiwe University
Read the Original
This page is a summary of: Assessment of Deferred Tax Recognition and Measurement under IFRS and Nigeria-SAS: An Empirical Examination, Asian Journal of Economics Business and Accounting, January 2017, Sciencedomain International,
DOI: 10.9734/ajeba/2017/37651.
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