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Deferred Taxes
Table of Contents
Introduction4
Discussion6
Historical development6
Types of deviation8
Accounting of Deferred Taxes9
Liability method9
Deferral Method9
Active vs. deferred tax liability9
Purpose of the deferred tax10
Temporary differences and permanent differences12
Methods for estimating the deferred income tax14
Balance sheet method14
Time Difference Method15
Deferred tax assets and its recognition15
Conceptual nature of taxes on profits16
Conclusion17
References19
Deferred Taxes
Introduction
The purpose of this study is ...
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Capital Investment Decisions
Capital Investment Decisions
Impact of Changes in Lending Regulatory Environment, Particularly Dodd-Frank Legislation, on Bank's Lending Ability
The recent financial crisis has led many countries towards various changes in their economic and financial systems. Similarly, the lending regulatory environment of developed countries has also faced certain changes, which have ...
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ACCOUNTING THEORY
Accounting Theory
Accounting Theory
Balanced Scorecard
The Balanced Scorecard is a performance measurement tool which has been recognized globally and under use in many business organizations. The balance scorecard has been developed as a tool that has many dimensions which are used to measure the performance of organizations across multiple dimensions of ...
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GAAP versus IFRS
GAAP Verses IFRS
Introduction
There have been various strides made by the FASB and IASB to congregate the content of IFRS and GAAP. The basic reason is that there has been many difference identified and resolving them is really essential before implementing the IFRS completely as stated by the SE ...
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Enable Decision Support & Management Performance
Enable Decision Support & Management Performance
Introduction
Broadly speaking, decision support systems are a set of manual or computer-based tools that assist in some decision-making activity. In today's business environment, however, decision support systems (DSS) are commonly understood to be computerized management information systems designed to help ...
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International Business and Culture
Impact of Culture on International Business
Introduction
Human society main aspects are culture and business, when these two aspects interest with each other it results in interesting scenarios and with interesting competitions. When two or more than two culture congregates for a business on one platform, this leads ...
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Managerial Accounting
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Objectives and Characteristics of Internal Accounting
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Accounting Ethics
Accounting Ethics
Introduction
Business ethics is the set of values, norms and principles reflected in the culture of the company to achieve greater harmony. Business ethics is defined as the code of conduct which allows better adaptation to all environments in terms of respecting the rights recognized by society, ...
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Accounting/CPA
Accounting/CPA
Introduction
In today's highly competitive and rapidly developing business world, each and every professional has to be highly competitive and talented. One of the most significant fields is accounting or finance that plays an important role in business world. This field involves various important business activities including recording of transactions, auditing, ...
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Understanding the Concept of Balance Sheet
Understanding the Concept of Balance Sheet
Introduction
Organizations and business entities uses various kind of financial statements to provide insights about their overall performance. Mainly there are four types of financial statements use by an organization; income statement, balance sheet, cash flow statement and statement of owner's ...