TITLE

INCOME TAXES OCTOBER 1996

PUB. DATE
December 1996
SOURCE
Accountancy;Dec1996, Vol. 118 Issue 1240, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on changes in the International Accounting Standard (lAS) 12. The original lAS 12 required an enterprise to account for deferred tax using the deferral method, while the revised lAS 12 prohibits the deferral method and requires the balance sheet liability method. The original lAS 12 did not require an enterprise to recognize a deferred tax liability in respect of asset revaluations, while the revised lAS 12 requires an enterprise to recognize a deferred tax liability.
ACCESSION #
18839836

 

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