Lectures
- 1. Overview and Introduction
- 2. Principles of Accrual Accounting
- 3. Elements of an Annual Report and Financial Ratios
- 4. Revenue Recognition and Accounts Receivable
- 5. Revenue Recognition
- 6. Accounting for Inventory and COGS
- 7. The Matching Principle and Long-lived Assets
- 8. Matching Principle: Property, Plant, and Equipment
- 9. The Statement of Cash Flow
- 10. Accounting for Taxes
- 11. Marketable Securities and Valuation Adjustments
- 12. Current Liabilities and Contingencies
- 13. Long-Term Debt
- 14. Debt and Valuation
- 15. Leases
- 16. Stockholders' Equity
- 17. Acquisitions
Financial Accounting - Lecture 10
Lecture 10 - Accounting for Taxes
Objectives:
1. Understand the differences between tax accounting and financial accounting:
2. Understand the effects of events on income taxes 3. Explore the concepts of "Deferred Tax Liability" and "Deferred Tax Asset." 4. Interpret income tax disclosures.
Prof. Richard Frankel, Prof. George Plesko, Prof. Kin Lo
15.515 Financial Accounting, Fall 2003 (Massachusetts Institute of Technology: MIT OpenCourseWare) http://ocw.mit.edu Date accessed: 2009-04-30 License: Creative Commons BY-NC-SA |
Lecture Material
To view the lecture material accompanying this lecture in a new window, please click the button below. If necessary, use the vertical or horizontal scrollbar in the new window to view more of the material or you can resize the window.
To download the above lecture material use this link. (Right-click and select Save Target As or Save Link As.)
Supplementary lecture material is listed below.1. Example
Example to Illustrate Net Operating Tax-Loss Carry forwards, Changes in Future Tax Rates, and the Valuation Allowance