西方财务会计 原版课件19.pptVIP

Learning Objectives Identify differences between pretax financial income and taxable income. Describe a temporary difference that results in future taxable amounts. Describe a temporary difference that results in future deductible amounts. Explain the purpose of a deferred tax asset valuation allowance. Describe the presentation of income tax expense in the income statement. Describe various temporary and permanent differences. Explain the effect of various tax rates and tax rate changes on deferred income taxes. Apply accounting procedures for a loss carryback and a loss carryforward. Describe the presentation of deferred income taxes in financial statements. Indicate the basic principles of the asset-liability method. Accounting for Income Taxes Fundamentals of Accounting for Income Taxes Fundamentals of Accounting for Income Taxes Fundamentals of Accounting for Income Taxes A Temporary Difference is the difference between the tax basis of an asset or liability and its reported (carrying or book) amount in the financial statements that will result in taxable amounts or deductible amounts in future years. Specific Differences Specific Differences Permanent differences are caused by items that (1) enter into pretax financial income but never into taxable income or (2) enter into taxable income but never into pretax financial income. Specific Differences Do the following generate: Future Deductible Amount = Deferred Tax Asset Future Taxable Amount = Deferred Tax Liability Permanent Difference Specific Differences Do the following generate: Future Deductible Amount = Deferred Tax Asset Future Taxable Amount = Deferred Tax Liability Permanent Difference Permanent Differences Permanent Differences Specific Differences Accounting for Net Operating Losses Accounting for Net Operating Losses Accounting for Net Operating Losses Accounting for Net Operating Losses Accounting for Net Operating Losses Accounting for Net Operating Losses Accounting for Net Operating Losses