This paper covers:
- why are the changes important?
- who is most affected?
- timeline
- steps to implement AASB 112 for the first time
- key changes
- calculation of tax balances
- comparing the old approach versus the new approach - what do you see?
- tax base
- recognition exceptions
- revaluations
- investments
- business combinations
- compound financial instruments
- share-based payments
- tax consolidation - UIG 1052.