Monday, March 23, 2009

Taxation turns me on

Waleuh, Company reporting chapter 4, week 3 killed me. "Accounting for Income Tax" based on AASB 112 Income Tax. This is just the start of taxation. I'll be taking Taxation Law next semester. It's going to be a killer.

Deferred Tax Asset
Deferred Tax Liability
Taxable Temporary Differences
Deductible Temporary Differeces
Tax Base
Carrying Amount
Future Taxable Amount
Future Deductible Amount

They are all interlinked. Screwed up big time.

No comments: