Deferred Tax Liability | Accounting, Financial, Tax

Deferred Tax Assets Recognition [IAS 12]

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...

Corporate Income Tax8 years ago

Accounting For Income Taxes In Interim Periods (IFRS-GAAP)

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...

Accounting9 years ago

Journal Entries to Account Investing Transactions

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...

Corporate Income Tax10 years ago

Deferred Income Taxes [Deferred Tax Liabilities] With Case Example

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...