ABC Accounting for Deferred Taxes pt 1   Version 2 0

ABC Accounting for Deferred Taxes pt 1 Version 2 0

This 1st segment introduces our discussion of deferred taxes. We walk through where we are in the course and how deferred taxes fit in, then discuss the importance of taxes overall and specifically for financial accounting. As part of that discusses, we emphasize how taxes affect the financial statements. Finally, we discuss the primary difference between tax reporting for GAAP purposes and tax purposes.