西方财务会计 原版课件.ppt

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1、CHAPTER19ACCOUNTINGFORINCOMETAXESIntermediateAccounting13thEditionKieso,Weygandt,andWarfieldIdentifydifferencesbetweenpretaxfinancialincomeandtaxableincome.Describeatemporarydifferencethatresultsinfuturetaxableamounts.Describeatemporarydifferencethatresultsinfuturedeductibleamounts.

2、Explainthepurposeofadeferredtaxassetvaluationallowance.Describethepresentationofincometaxexpenseintheincomestatement.Describevarioustemporaryandpermanentdifferences.Explaintheeffectofvarioustaxratesandtaxratechangesondeferredincometaxes.Applyaccountingproceduresforalosscarrybackanda

3、losscarryforward.Describethepresentationofdeferredincometaxesinfinancialstatements.Indicatethebasicprinciplesoftheasset-liabilitymethod.LearningObjectivesFundamentalsofAccountingforIncomeTaxesFuturetaxableamountsanddeferredtaxesFuturedeductibleamountsanddeferredtaxesIncomestatementp

4、resentationSpecificdifferencesRateconsiderationsAccountingforNetOperatingLossesFinancialStatementPresentationReviewofAsset-LiabilityMethodLosscarrybackLosscarryforwardLosscarrybackexampleLosscarryforwardexampleBalancesheetIncomestatementUncertaintaxpositionsAccountingforIncomeTaxesC

5、orporationsmustfileincometaxreturnsfollowingtheguidelinesdevelopedbytheInternalRevenueService(IRS),thusthey:LO1Identifydifferencesbetweenpretaxfinancialincomeandtaxableincome.FundamentalsofAccountingforIncomeTaxescalculatetaxespayablebaseduponIRScode,calculateincometaxexpensebasedup

6、onGAAP.AmountreportedastaxexpensewilloftendifferfromtheamountoftaxespayabletotheIRS.TaxCodeExchangesInvestorsandCreditorsFinancialStatementsPretaxFinancialIncomeGAAPIncomeTaxExpenseTaxableIncomeIncomeTaxPayableTaxReturnvs.IRSFundamentalsofAccountingforIncomeTaxesLO1Identifydiffere

7、ncesbetweenpretaxfinancialincomeandtaxableincome.Illustration19-1Illustration:KRC,Inc.reportedrevenuesof$130,000andexpensesof$60,000ineachofitsfirstthreeyearsofoperations.Fortaxpurposes,KRCreportedthesameexpensestotheIRSineachoftheyears.KRCreportedtaxablerevenuesof$100,000in2010,$15

8、0,000in2011,and$140