Financial accounting provides information to decision makers who are external to the business.
Examples include present and future shareholders, present and future creditors, and government regulators.
Managerial accounting provides information to decision makers who are internal to the business.
This information is not published to people outside of the business
Bài giảng Chapter 3: financial statements, cash flow, and taxes presents of balance sheet, income statement, statement of cash flows, accounting income versus cash flow,MVA and EVA, personal taxes, corporate taxes.
Ebook Enghlish for Accounting: Part 1 presented the following basic content introduction to accounting, financial statements and ratios, tax accounting, eplaining accounts, ratio analysis, tax systems, methods of depreciation, calcutating tax expense.
To boost their domestic saving rate, many OECD countries have introduced savings accounts that offer tax advantages, called tax-preferred savings accounts. This report describes and analyses various tax-preferred savings accounts, excluding pension-related accounts, in a cross-section of 11 OECD countries. Based on a comparison of results, the report then answers the following questions: (1) which......
In this chapter we explore the financial accounting and reporting standards for the effect of income taxes. The discussion defines and illustrates temporary differences, which are the basis for recognizing deferred tax assets and deferred tax liabilities, as well as permanent differences, which have no deferred tax consequences. You will learn how to adjust deferred tax assets and deferred tax liabilities when tax laws or rates change. We also discuss accounting for operating loss carrybacks and carrryforwards and intraperiod tax allocation.
Chapter 16 - Accounting for income taxes. In this chapter we explore the financial accounting and reporting standards for the effects of income taxes. The discussion defines and illustrates temporary differences, which are the basis for recognizing deferred tax assets and deferred tax liabilities, as well as non-temporary differences, which have no deferred tax consequences.
This book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental principles of accounting and finance like time value of money and after-tax cash flows, it introduces readers to real-world constraints and complexities in the two fields.
Advances in Quantitative Analysis of Finance and Accounting is an annual
publication designed to disseminate developments in the quantitative analysis
of finance and accounting. The publication is a forum for statistical and
quantitative analyses of issues in finance and accounting as well as applications
of quantitative methods to problems in financial management, financial
accounting, and businessmanagement.The objective is to promote interaction
between academic research in finance and accounting and applied research in
the financial community and the accounting profession....
This book has been written for business owners and managers
who want to refine the accounting and financial operations of
their companies. It provides detailed information about how to run
these operations, track cash flows, conduct analyses, analyze key
financial information, create a corporate risk management strategy,
and manage tax liabilities—in short, all of the key accounting and
financial information required to operate a small business.
Ebook English for Accounting - Phần 1 sẽ giới thiệu tới các bạn một số vấn đề chính như sau: Introduction to accounting, financial statements and ratios, tax accouting. Mời các bạn cùng tìm hiểu và tham khảo nội dung thông tin tài liệu.
Some twenty five countries have experimented with environmental accounting over the
past twenty years. A few European countries have established physical accounting
systems which are routinely compiled and applied to economic and environmental
policy-making. Many other countries have undertaken more limited or one-time
experiments and case studies with monetary environmental accounts, focused on issues
such as forestry, soil erosion, and minerals depletion. A few examples suggest the
richness of their experience.
IFRS 4 is intended to cover all entities that issue insurance contracts, not only
insurance companies in the legal or regulatory sense. Further interpretation of the
Implementation Guidance, Basis for Conclusions and IFRS 4 are required for an
entity to apply the standard to its own facts, circumstances and individual
transactions. Also, some of the information in this publication is based on
interpretations of current literature, which may change as practice and
implementation guidance continue to develop.
The Returns Processing and Accounts Services unit reviews activities related to the preparation
and processing of tax returns and the issuing of refunds to taxpayers. This includes customer
service activities, outreach efforts, tax law implementation, taxpayer assistance, notices,
submission processing, and upfront compliance such as the Frivolous Returns Program and the
Criminal Investigation Questionable Refund Program.
IFRS 4 does not provide quantitative guidance for assessing the significance of
insurance risk, because the IASB felt that creating an arbitrary dividing line would
result in different accounting treatments for similar transactions that fall marginally
on different sides of the line.
When assessing the significance of insurance risk two factors should be
considered. The insured event should have a sufficient probability of occurrence
and a sufficient magnitude of effect. The probability and the magnitude are
measured independently to determine the significance of the insurance risk.
Chapter 7 - Consolidated financial statements – Ownership patterns and income taxes. This chapter concludes coverage of the accounting for business combinations by analyzing two additional aspects of consolidated financial statements.
Chapter 19 - Accounting for estates and trusts. After studying this chapter, you should be able to: Understand the proper methods of accounting for and administering an estate and the corresponding legal terminology; describe the types of estate distributions and identify the process of asset allocations and distributions from an estate; understand the federal estate tax and state inheritance tax systems, the corresponding exemptions, and tax planning opportunities;...
After completing this chapter, students will be able to: Show how notes payable and related interest expense affect financial statements, show how sales tax liabilities affect financial statements, define contingent liabilities and explain how they are reported in financial statements, explain how warranty obligations affect financial statements,...
Chapter 13C - Income taxes in capital budgeting decisions. We ignored income taxes in this chapter for two reasons. First, many organizations do not pay income taxes. Not-for-profit organizations, such as hospitals and charitable foundations, and governmental agencies are exempt from income taxes. Second, capital budgeting is complex and is best absorbed in small doses. Now that we have a solid foundation in the concepts of present value and discounting, we can explore the effects of income taxes on capital budgeting decisions.