Posts tagged Accounting for Income Taxes

IAS 34, Interim Financial Reporting, established new requirements for interim reporting, while not making the reporting of interim results mandatory. While the draft preceding this …

All developed countries have some form of income tax system that calls for companies to pay to the government a certain portion of their earnings, …

This post contains a quick reference to learn accounting for income taxes. Enjoy!  Income Tax Expense If taxable income [is equal with] Pretax accounting income: …