Pass Your SBR ACCA Exams with Tom Clendon
Jul 31, 2026 · 31 min · 15 segments
Deferred tax is one of those SBR topics that students often find difficult. In this episode, I go back to the basics of IAS 12 and explain both the **why** and the **how**. I show how deferred tax…
Tom ClendonHostZakiraGuestWhen you talk about those phrases that you should rote learn, one of those that spring to mind is, "Deferred tax is provided for in full on all year-end temporary differences." That's right, isn't it?
It'll, it'll need a little bit of unpicking, which I will do later on, but that's basically the how.
I want to start at the very, very beginning, and that's really making sure that our listeners and our viewers understand the why, the why we account for deferred tax.
I actually prefer the phrase matching concept because it describes what's going on when related incomes and expenses are matched with each other to help measure profit.
And by the way, Tom, I know a really useful shortcut tip to remember whether we should end up accounting for deferred tax liability or deferred tax asset.
Let's not get ahead of ourselves too much, because I'm assuming that our listeners and viewers have no prior knowledge of deferred tax here, or just want an easy ride on the basics.
When you talk about those phrases that you should rote learn, one of those that spring to mind is, "Deferred tax is provided for in full on all year-end temporary differences." That's right, isn't it?
It'll, it'll need a little bit of unpicking, which I will do later on, but that's basically the how.
I want to start at the very, very beginning, and that's really making sure that our listeners and our viewers understand the why, the why we account for deferred tax.
I actually prefer the phrase matching concept because it describes what's going on when related incomes and expenses are matched with each other to help measure profit.
And by the way, Tom, I know a really useful shortcut tip to remember whether we should end up accounting for deferred tax liability or deferred tax asset.
Let's not get ahead of ourselves too much, because I'm assuming that our listeners and viewers have no prior knowledge of deferred tax here, or just want an easy ride on the basics.
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