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标题: Reading 38: Income Taxes LOSj习题精选 [打印本页]

作者: honeycfa 时间: 2010-4-20 13:55 标题: [2010]Session 9-Reading 38: Income Taxes LOSj习题精选

LOS j: Identify the key provisions of and differences between income tax accounting under IFRS and U.S. GAAP.

One major difference between the presentation of deferred tax assets and liabilities under IFRS and under U.S. GAAP is that:

A)
all deferred tax assets and liabilities are classified as noncurrent under IFRS.

B)
a valuation allowance is presented only under U.S. GAAP.

C)
under IFRS deferred tax assets and liabilities are not adjusted for changes in the the firm’s actual tax rate.

Under U.S. GAAP, deferred tax assets and liabilities are classified as current or non-current according to the classification of the underlying asset or liability. Under IFRS, deferred tax assets and deferred tax liabilities are all classified as noncurrent, with footnote disclosure about the expected timing of reversals.

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