Deferred tax and Level 3 valuation inputs: Difference between pages

Revision as of 14:47, 11 May 2016

Financial reporting - fair valuation.

IFRS 13 defines Level 3 valuation inputs as unobservable inputs for the fair valuation of an asset or liability.

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-''Accounting.''
+<i>Financial reporting - fair valuation</i>.
-Deferred tax relates to the timing differences between accounts and tax.
-Deferred tax reflects the future tax effects of transactions and events that have already been entered into at the balance sheet date.
+IFRS 13 defines Level 3 valuation inputs as unobservable inputs for the fair valuation of an asset or liability.
-A simple example of a deferred tax asset is a tax loss eligible for carry forward to shelter expected future taxable profits.
+==See also==
+*[[IFRS 13]]
-In this case, the expected future tax savings would be an asset/benefit recognised in the current balance sheet.
+*[[Fair value]]
+*[[Valuation inputs]]
+*[[Observable valuation inputs]]
-== See also ==
+*[[Unobservable valuation inputs]]
-* [[Tax written down value]]
+*[[Level 1 valuation inputs]]
-* [[Timing differences]]
+*[[Level 2 valuation inputs]]
-[[Category:Accounting,_tax_and_regulation]]