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Income Tax Accounting Special Topics in Accounting: Income Taxes, Pensions, Leases, Errors, and Disclosures Pension Accounting Lease Accounting Making Changes and Correcting Errors ] Additional Notes on Disclosures Special Topics in Accounting: Income Taxes, Pen... Free to share, print, make copies and changes. Get yours at www.boundless.com
Special Topics in Accounting: Income Taxes, Pen... > Income Tax Accounting Income Tax Accounting • Overview of Income Tax Accounting Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/special-topics-in-accounting-income-taxes-pensions-leases-errors-and-disclosures-15/income-tax-accounting-91/
Special Topics in Accounting: Income Taxes, Pen... > Pension Accounting Pension Accounting • Overview of Pension Accounting Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/special-topics-in-accounting-income-taxes-pensions-leases-errors-and-disclosures-15/pension-accounting-92/
Special Topics in Accounting: Income Taxes, Pen... > Lease Accounting Lease Accounting • Overview of Lease Accounting Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/special-topics-in-accounting-income-taxes-pensions-leases-errors-and-disclosures-15/lease-accounting-93/
Special Topics in Accounting: Income Taxes, Pen... > Making Changes and Correcting Errors Making Changes and Correcting Errors • Overview of Statement Changes and Errors Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/special-topics-in-accounting-income-taxes-pensions-leases-errors-and-disclosures-15/making-changes-and-correcting-errors-94/
Special Topics in Accounting: Income Taxes, Pen... > Additional Notes on Disclosures Additional Notes on Disclosures • Mechanics of a Disclosure Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/accounting/textbooks/boundless-accounting-textbook/special-topics-in-accounting-income-taxes-pensions-leases-errors-and-disclosures-15/additional-notes-on-disclosures-95/
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Special Topics in Accounting: Income Taxes, Pen... Key terms • capital leasea financial arrangement where the borrower uses an asset and pays regular installments plus interest • contingentAn event which may or may not happen; that which is unforeseen, undetermined, or dependent on something future; a contingency. • contributionAn amount of money given toward something. • cumulativeIncorporating all data up to the present • deductTo take one thing from another; remove from; make smaller by some amount. • deferredOf or pertaining to a value that is not realized until a future date (e.g., annuities, charges, taxes, income, either as an asset or liability. • disclosureThe act of revealing something. • expenditureAn amount expended; an expense; an outlay. • lessorThe owner of property that is leased. • monetaryOf, pertaining to, or consisting of money. • offsetAnything that acts as counterbalance; a compensating equivalent. • pensionA regularly paid gratuity paid regularly as benefit due to a person in consideration of past services; notably to one retired from service, on account of retirement age, disability, or similar cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers; sometimes passed on to the heirs, or even specifically for them, as to the families of soldiers killed in service. Free to share, print, make copies and changes. Get yours at www.boundless.com
Special Topics in Accounting: Income Taxes, Pen... • retrospectivelyIn a retrospective manner. Free to share, print, make copies and changes. Get yours at www.boundless.com
Special Topics in Accounting: Income Taxes, Pen... Equipment Lease An equipment lease allows a company to get a piece of equipment without a large expenditure. Free to share, print, make copies and changes. Get yours at www.boundless.com Static Flckr.CC BYhttp://farm4.staticflickr.com/3009/2873508444_3b353118ec_z.jpgView on Boundless.com
Special Topics in Accounting: Income Taxes, Pen... A 401k is a defined contribution plan In a defined contribution plan the employees bear all the risk. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | 401K | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/76657755@N04/7027595775/sizes/l/View on Boundless.com
Special Topics in Accounting: Income Taxes, Pen... Income Tax Reporting income tax is complicated by the fact that IRS code differs from generally accepted accounting principles Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Education Income Tax | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/86530412@N02/8224558831/sizes/l/View on Boundless.com
Special Topics in Accounting: Income Taxes, Pen... The Balance Sheet If an error is found on a previous year's financial statement, a correction must be made and the financials reissued. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | y2cary3n6mng-q6hnvf-balance-sheet | Flickr - Photo Sharing!."CC BY-SAhttp://www.flickr.com/photos/sampjb/7690684984/sizes/m/View on Boundless.com
Special Topics in Accounting: Income Taxes, Pen... Credit Cards Represent Debt Notes to financial statements can include information on debt, going concern criteria, accounts, contingent liabilities, or contextual information explaining the financial numbers (e.g., to indicate a lawsuit). Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Smartcard2."CC BY-SAhttp://en.wikipedia.org/wiki/File:Smartcard2.pngView on Boundless.com
Special Topics in Accounting: Income Taxes, Pen... Attribution • Wiktionary."offset."CC BY-SA 3.0http://en.wiktionary.org/wiki/offset • Wiktionary."cumulative."CC BY-SA 3.0http://en.wiktionary.org/wiki/cumulative • Wiktionary."retrospectively."CC BY-SA 3.0http://en.wiktionary.org/wiki/retrospectively • Wikipedia."Financial statements."CC BY-SA 3.0http://en.wikipedia.org/wiki/Financial_statements • Wikipedia."Accounting methods."CC BY-SA 3.0http://en.wikipedia.org/wiki/Accounting_methods • Wikipedia."Generally Accepted Accounting Principles (United States)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principles_(United_States)%23Principles • Wiktionary."deduct."CC BY-SA 3.0http://en.wiktionary.org/wiki/deduct • Wiktionary."deferred."CC BY-SA 3.0http://en.wiktionary.org/wiki/deferred • Wikipedia."Deferred tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Deferred_tax%23Deferred_tax_Assets • Wikipedia."Requirements of IFRS."CC BY-SA 3.0http://en.wikipedia.org/wiki/Requirements_of_IFRS%23Income_taxes • Wikipedia."Corporate tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_tax%23Taxable_income • Wikipedia."Net operating loss."CC BY-SA 3.0http://en.wikipedia.org/wiki/Net_operating_loss • Wikipedia."Capital lease."CC BY-SA 3.0http://en.wikipedia.org/wiki/Capital_lease • Wiktionary."expenditure."CC BY-SA 3.0http://en.wiktionary.org/wiki/expenditure • Wiktionary."lessor."CC BY-SA 3.0http://en.wiktionary.org/wiki/lessor • Wiktionary."monetary."CC BY-SA 3.0http://en.wiktionary.org/wiki/monetary • Wikipedia."Accounting for leases in the United States."CC BY-SA 3.0http://en.wikipedia.org/wiki/Accounting_for_leases_in_the_United_States Free to share, print, make copies and changes. Get yours at www.boundless.com
Special Topics in Accounting: Income Taxes, Pen... • Wiktionary."contingent."CC BY-SA 3.0http://en.wiktionary.org/wiki/contingent • Wiktionary."disclosure."CC BY-SA 3.0http://en.wiktionary.org/wiki/disclosure • Wikipedia."Notes to financial statements."CC BY-SA 3.0http://en.wikipedia.org/wiki/Notes_to_financial_statements • Wikipedia."Voluntary disclosure."CC BY-SA 3.0http://en.wikipedia.org/wiki/Voluntary_disclosure • Wiktionary."pension."CC BY-SA 3.0http://en.wiktionary.org/wiki/pension • Wiktionary."contribution."CC BY-SA 3.0http://en.wiktionary.org/wiki/contribution • Wikipedia."IAS 19."CC BY-SA 3.0http://en.wikipedia.org/wiki/IAS_19%23Accounting_for_defined_benefit_pension_plans_in_IAS_19 • Wikipedia."Defined contribution plan."CC BY-SA 3.0http://en.wikipedia.org/wiki/Defined_contribution_plan • Wikipedia."Defined benefit pension plan."CC BY-SA 3.0http://en.wikipedia.org/wiki/Defined_benefit_pension_plan • Wikipedia."Pension."CC BY-SA 3.0http://en.wikipedia.org/wiki/Pension%23Employment-based_pensions_.28retirement_plans.29 Free to share, print, make copies and changes. Get yours at www.boundless.com