Deferred taxes

This study also aims at illustrating that other indicators relating to differences between accounting and taxable profit do not leave any remarkable impacts on the model. This means that enterprises operating in the industrial sector do not use or rarely use those indicators to implement EM Sapo.

13p vimichaelfaraday 28-12-2023 10 4   Download

Continued part 1, part 2 of ebook "Schaum’s outline of theory and problems of Intermediate accounting II (Second edition)" provides readers with contents including: Chapter 7 - Accounting for leases; Chapter 8 - The statement of cash flows; Chapter 9 - Accounting changes and correction of errors; Chapter 10 - Accounting for pensions; Chapter 11 - Net operating loss carrybacks and carryforwards, deferred income taxes;...

149p mocthanhdao0210 19-11-2023 6 4   Download

Chapter 19 - Accounting for income taxes. After completing this chapter you should be able to: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance.

101p haojiubujain04 27-07-2023 7 4   Download

Lecture Intermediate accounting - Chapter 16: Accounting for income taxes. 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.

18p haojiubujain05 27-07-2023 2 2   Download

Lecture Marketable securities and deferred taxes provide students with knowledge about when accounting departs from the "transactions- based" model and towards market-driven valuations. Illustrate the role of judgment in applying the lower-of-cost- or-market (LCM) rule for inventory.

13p huangminghao_1902 27-02-2022 8 1   Download

Lecture Midterm II review provide students with knowledge about Determ ng acquisition cost, setting up depreciat on schedule, Changes in depreciat on est mates, asset disposal, deferred taxes.

5p huangminghao_1902 27-02-2022 12 1   Download

After completing this chapter you should be able to: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance... and other contents.

74p koxih_kothogmih6 22-09-2020 21 0   Download

The contents of this chapter include all of the following: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance,...

61p koxih_kothogmih3 24-08-2020 28 2   Download

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.

41p thuongdanguyetan20 18-02-2020 14 3   Download

The issue is how AS 22 is applied in a situation where a company pays tax under section 115JB (commonly referred to as Minimum Alternative Tax) of the Income-tax Act, 1961 (hereinafter referred to as the ‘Act’). Another issue is how deferred tax is measured on the timing differences originating during the current year if the enterprise expects that these differences would reverse in a period in which it may pay tax under section 115JB of the Act.

3p shiwo_ding7 05-06-2019 15 0   Download

he issue is how should deferred tax assets and deferred tax liabilities be disclosed in the balance sheet of a company. In case of a company, deferred tax assets should be disclosed on the face of the balance sheetseparately afterthe head ‘Investments’ and deferred tax liabilities should be disclosed on the face of the balance sheetseparately after the head ‘Unsecured Loans’.

2p shiwo_ding7 05-06-2019 23 0   Download

Paragraph 17 of AS 22 requires that “Where an enterprise has unabsorbed depreciation or carry forward of losses under tax laws, deferred tax assets should be recognised only to the extent that there is virtual certainty supported by convincing evidence that sufficient future taxable income will be available against which such deferred tax assets can be realised”.

2p shiwo_ding7 05-06-2019 11 0   Download

For preparing consolidated financialstatements, whether the tax expense (comprising current tax and deferred tax)should be recomputed in the context of consolidated information or the tax expense appearing in the separate financial statements of the parent and its subsidiaries should be aggregated and no further adjustments should be made for the purposes of consolidated financial statements.

1p shiwo_ding7 05-06-2019 20 1   Download

After studying this chapter you will be able to: Describe the tax and nontax aspects of employer-provided defined benefit plans from both the employer’s and employee’s perspective; explain and determine the tax consequences associated with employer-provided defined contribution plans, including traditional 401(k) and Roth 401(k) plans; describe the tax implications of deferred compensation from both the employer’s and employee’s perspective;...

37p shiwo_ding8 29-06-2019 25 1   Download

The goals of this chapter are: Determine the tax consequences of corporate formation, identify the different forms of taxable and tax-deferred acquisitions, determine the tax consequences of a corporate acquisition, determine the tax consequences of a corporate liquidation.

25p shiwo_ding8 29-06-2019 25 1   Download

The purpose of this chapter is: Explain the objectives behind FASB ASC Topic 740, Accounting for Income Taxes, and the income tax provision process; calculate the current and deferred income tax expense or benefit components of a company’s income tax provision; recall what a valuation allowance represents and describe the process by which it is determined;...

22p shiwo_ding8 29-06-2019 18 1   Download

After studying this chapter, you should be able to: Understand the importance of income taxes from a business perspective; explain the difference between accounting income and taxable income, and calculate taxable income and current income taxes; explain what a taxable temporary difference is, determine its amount, and calculate deferred tax liabilities;...

47p shiwo_ding2 03-04-2019 25 2   Download

Chapter 19 - Accounting for income taxes. After completing this chapter you should be able to: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance.

97p shiwo_ding1 31-03-2019 40 1   Download

Chapter 19 - Accounting for income taxes. After completing this chapter you should be able to: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance.

96p shiwo_ding1 31-03-2019 31 3   Download

Chapter 15 - Accounting for income taxes. After completing this chapter you should be able to: Identify differences between pretax financial income and taxable income, describe a temporary difference that results in future taxable amounts, describe a temporary difference that results in future deductible amounts, explain the purpose of a deferred tax asset valuation allowance.

42p nomoney14 03-06-2017 42 2   Download