Deferred tax asset is the amounts of income taxes recoverable in future periods in respect of deductible temporary differences, carryforwards of unused tax losses, and carryforwards...
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 standard’s...
Just few hours after the “6 Possible Strategies to Invest Idle Funds” got published, from numerous emails I received, I knew many of you, accountants, have...
Income for financial statement purposes is determined under generally accepted accounting principles as set forth by the accounting profession. Income for tax purposes is determined according...