Search results with tag "Deferred tax assets"
UNDERSTANDING DEFERRED TAX UNDER IAS 12 INCOME …
www.grantthornton.com.auDeferred tax assets are recognised only to the extent that recovery is probable. This section covers: • the recoverability of deferred tax assets where taxable temporary differences are available • the length of ‘lookout periods’ for assessing the recoverability of deferred tax assets • the recognition of deferred tax assets in ...
Accounting for Deferred Tax Assets, 9/29/00
faculty.babson.eduWhat are deferred tax assets? The Deferred Tax Asset account represents potential future tax benefits from net operating loss carryforwards, unused tax credits, and certain kinds of timing differences between expense and revenue recognition for tax and book purposes. In this report, we will look specifically at deferred tax assets
Accounting for Taxes on Income Contents
www.mca.gov.inand result in deferred tax assets, subject to consideration of prudence (see paragraphs 15-18). Recognition 9. Tax expense for the period, comprising current tax and deferred tax, should be included in the determination of the net profit or loss for the period. 10. Taxes on income are considered to be an expense incurred by the
Financial Instruments—Overall (Subtopic 825-10)
asc.fasb.orgdeferred tax assets. The feedback received by the Board indicated that there is diversity in practice in that some entities evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities separately from their other deferred tax assets.
Accounting for Deferred Tax Assets, 9/29/00
faculty.babson.eduAccounting for Deferred Tax Assets (9/29/00) 2000 by the Center for Financial Research and Analysis, Inc. (CFRA) 4 Example 2: Financial Statement Impact – Elimination of Tax Valuation Allowance
Sample Disclosures: Accounting for Income Taxes
www2.deloitte.comwould result in the recognition of certain deferred tax assets and a decrease to income tax expense for the period the release is recorded. However, the exact timing and amount of the valuation allowance release are subject to change on the basis of the level of profitability that we are able to actually achieve.
Deferred tax – a Chief Financial Officer’s guide to ...
www.grantthornton.globalDeferred tax assets are recognised only to the extent that recovery is probable. This section covers: • the recoverability of deferred tax assets where taxable temporary differences are available • the length of ‘lookout periods’ for assessing the recoverability of deferred tax assets • the recognition of deferred tax assets in ...