Accounting for Deferred Income Taxes (IFRS) and Future Income Taxes (ASPE) - Tax Loss (rev 2020)
Channel: The Business Doctor
Date: 2020-05-13

This video includes the following learning objectives:

LO1: Prepare a schedule to reconcile accounting loss to tax loss and calculate current income tax recoverable.
LO2: Prepare a schedule to determine ending deferred/future income tax balances on the balance sheet and calculate any deferred/future income tax expense or recovery.
LO3: Prepare journal entries to record current and deferred/future income tax expense or recovery.
LO4: Prepare a partial income statement showing provisions for current and future/deferred income taxes.
LO5: Prepare a partial balance sheet showing income tax related accounts under IFRS and ASPE.

Here's the problem data file to accompany this video:
https://drive.google.com/file/d/1Z2Q3c9zD1G4qRmZgJQowIXk70vk1Oh2P/view?usp=sharing