Confused by deferred tax, taxable temporary differences, or recognition of tax assets and liabilities? This video breaks down IAS 12 – Income Taxes in a simple and visual way! We explain: 🔍 What is IAS 12? 📊 The concept of current vs. deferred tax 🧠 How to identify temporary differences ✅ When to recognize deferred tax assets and liabilities 💡 Practical examples for better understanding Whether you're an accounting student, ACCA/CA candidate, or finance professional, this is your go-to video to master IAS 12 with clarity and confidence. 🎯 Don’t forget to Like, Subscribe, and Share if you find it helpful! #IAS12 #DeferredTax #AccountingStandards #IFRS #IncomeTaxes #FinancialReporting #AccountingSimplified #ACCA #CAStudent #CharteredAccountantsPen