IAS 12: Nature of Temporary Differences [Income Tax Accounting]
Basically, temporary differences are thus defined to include all differences between the tax and financial reporting bases of assets and liabilities, if those differences will …
Posts tagged Tax
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 …
How Are Taxes Provided For In Interim Periods?
The income tax provision includes current and deferred taxes (e.g., total tax expense for a nine-month period is shown in the third quarter based on …
Controlling Tax Liabilities
When planning for treatment of tax expenses, consider these accounting methods and choices of accounting periods for controlling the amount of tax liabilities that may …
Public Accounting Career Path
Public accounting generally entails a fairly rigid, hierarchical career path, as follows: Audit Staff Auditor (year 1-3). Staff auditors perform the meat of an …