i was just wondering if anybody can elaborate (possibly with specific examples) on temporary differences not recognized as deferred taxes; in particular 1) initial recognition of goodwill and 2) initial recognition of assets and liabilities that results from non business combinations or no effect on accounting profit or taxable profit. Just trying to understand the logic behind these.
Also, how deferred tax arises via a business combinations (in cfai text, there are issues related to step-up of acquired assets/liabilities, tax losses of the acquiree, previously unrecognized tax losses of the acquirer, etc)...and lastly recognition of current and deferred tax charged directly to equity. If possible, if someone could explain the flow of debits and credits between the related accounts.
How much detail do we need to know, also does anybody have any useful resources in which i can quickly pickup some key details with regards to the above mentioned concepts.
any help would be great, as this section section is proving to be very heavy in terms of new definitions with regards to tax accounting and fianncial accounting. |
发表于 2011-7-13 13:08
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