Exposure draft 111 : the nature of temporary differences

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Authors

Koornhof, Carolina, 1959-

Journal Title

Journal ISSN

Volume Title

Publisher

Butterworths

Abstract

In April1997 the South African Institute of Chartered Accountants issued a new exposure draft on Income Taxes. Exposure Draft 111 closely follows the International Accounting Statement 12 (revised) and forms part of the Harmonisation and Improvements Project of the Institute. The exposure draft has far-reaching implications, especially for the calculation of deferred tax and is far too voluminous to discuss comprehensively in an article. This article briefly summarises the differences between AC 102 and ED 111. It then considers the nature and types of temporary differences, which now form the basis for the provision of deferred tax in terms of the exposure draft.

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Keywords

Income Taxes, Exposure draft, Chartered Accountants, South Africa (SA)

Sustainable Development Goals

Citation

Koornhof, C. 1998, 'Exposure draft 111 : the nature of temporary differences', Accountancy and Finance, pp. 20-23.