中级财会ch18.pptVIP

Objectives 1. Understand permanent and temporary differences. 2. Explain the conceptual issues regarding interperiod tax allocation. 3. Record and report deferred tax liabilities. 4. Record and report deferred tax assets. 5. Explain an operating loss carryback and carryforward. Overview and Definitions Causes of Differences Permanent differences. Temporary differences. Operating loss carrybacks and carryforwards. Tax credits. Intraperiod tax allocations. Permanent Differences Permanent Differences Revenues that are recognized for financial reporting purposes but are never taxable (e.g., int