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Author: Benjamin C. Ayers
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This study investigates whether the net deferred tax liabilities disclosed under Statement of Financial Accounting Standards No. 109, quot;Accounting for Income Taxesquot; (SFAS No. 109) provides additional value-relevant information over the disclosure required by Accounting Principles Board Opinion No. 11, quot;Accounting for Incomes Taxesquot; (APB No. 11). Evidence suggests that SFAS No. 109 data represent value-relevant information above and beyond APB No. 11. Additionally, evidence indicates that the changes made by SFAS No. 109 - the separate recognition of deferred tax assets, the creation of valuation allowances for deferred tax assets and the adjustment of deferred tax accounts for enacted tax rate changes - each provide value-relevant firm data. These results suggest that SFAS No. 109 increased the value-relevance of deferred tax amounts in financial statements.
Author: Benjamin C. Ayers
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This study investigates whether the net deferred tax liabilities disclosed under Statement of Financial Accounting Standards No. 109, quot;Accounting for Income Taxesquot; (SFAS No. 109) provides additional value-relevant information over the disclosure required by Accounting Principles Board Opinion No. 11, quot;Accounting for Incomes Taxesquot; (APB No. 11). Evidence suggests that SFAS No. 109 data represent value-relevant information above and beyond APB No. 11. Additionally, evidence indicates that the changes made by SFAS No. 109 - the separate recognition of deferred tax assets, the creation of valuation allowances for deferred tax assets and the adjustment of deferred tax accounts for enacted tax rate changes - each provide value-relevant firm data. These results suggest that SFAS No. 109 increased the value-relevance of deferred tax amounts in financial statements.
Author: Chia-Ling Chao
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 336
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Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category :
Languages : en
Pages : 194
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Book Description
Author: Leonard Lorensen
Publisher: American Institute of Certified Public Accountants (AICPA)
ISBN:
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
Author: Saria Nadeem
Publisher: Createspace Independent Publishing Platform
ISBN: 9781500648763
Category :
Languages : en
Pages : 34
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Book Description
When and how to recognize deferred taxes on the financial statements? What are the effects of deferred tax assets and deferred tax liabilities on the financial statements? What is the relationship between deferred tax assets and deferred tax liabilities and the tax rate? How revaluation of deferred tax assets and liabilities affect accounting income? How to utilize a deferred tax asset resulting from net operating loss? When a valuation allowance is required? What is FAS 109 (ASC 740) answers these questions with many examples
Author: Richard Petersen
Publisher: CCH
ISBN: 9780808091639
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
CCH Accounting for Income Taxes provides guidance on the application of FASB Statement No. 109, Accounting for Income Taxes, as amended. It also provides interpretations of the various amendments to Statement 109 since 1992, including the guidance contained in FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes an Interpretation of FASB Statement No. 109, which was issued by the FASB in July of 2006.
Author: Gregory S. Miller
Publisher:
ISBN:
Category :
Languages : en
Pages :
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This paper explores the determinants of the valuation allowance for deferred tax assets under SFAS No. 109. We find that, consistent with SFAS No. 109, the allowance is larger for firms with relatively more deferred tax assets and smaller for firms with higher levels of expected future taxable income. The most important explanatory variable for the valuation allowance is the level of firms' tax credit and tax loss carryforwards, consistent with these items being more difficult to realize. We find little evidence that managers use the valuation allowance for earnings management purposes, although these tests may not be very powerful.
Author: Saria Nadeem
Publisher:
ISBN: 9781491255759
Category :
Languages : en
Pages : 34
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Book Description
When and how to recognize deferred taxes on the financial statements? What are the effects of deferred tax assets and deferred tax liabilities on the financial statements? What is the relationship between deferred tax assets and deferred tax liabilities and the tax rate? How revaluation of deferred tax assets and liabilities affect accounting income? How to utilize a deferred tax asset resulting from net operating loss? When a valuation allowance is required?What is FAS 109 (ASC 740) answers these questions with many examples.
Author: Bobby Carmichael
Publisher: John Wiley & Sons
ISBN: 1119724562
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
A complicated accounting model, FASB ASC 740 has been around for a while. But the rules are becoming more challenging as businesses become more complex. This book incorporates the new tax rates and other impacts of the Tax Cuts and Jobs Act and will assist you in understanding FASB ASC 740, Income Taxes, and how it establishes guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures. Key topics include: Principles of FASB ASC 740 Income tax expense and deferred tax liabilities and assets Valuation allowances Proper documentation of deferred income taxes in the work papers Required disclosures within the financial statements
Author: Dennis R. Beresford
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 186
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Book Description
