Gotta love RU-vid. I could never have learned this through a book or a class. I can only learn it through video/replay/on my schedule. Thanks for your clarity and brevity.
One thing which stands out about Chris is his practical , real life xperience in finance. This gives him a massive edge over technical reading material & makes his lectures very useful to working pofessionals. 👍
Can I have an email of the teacher (For queries about the topic)? Actually I have this question in mind which is why do we record Deferred Tax on Revaluation Surplus of the asset when in actual Tax authorities will not allow us the depreciation on the revaluation surplus of the asset? and what about the transfer of revaluation surplus to retained earnings for incremental depreciation?
I think, It's relates to IAS 16 revaluation method the gain shows OCI, so the impact of the gain related deferred tax will shown in OCI-REVALUATION SURPLUS, SOFP-REVALUATION SURPLUS