How Firms Avoid Losses: Evidence of Use of the Net Deferred Tax Asset Account David Burgstahler* University of Washington Gerhard G. Mueller Endowed Professor in Accounting W. Brooke Elliott University of Washington Michelle Hanlon University of Michigan Business School November 26‚ 2002 _________________________________________________________________________________ ABSTRACT: This paper investigates whether firms use discretion in accounting for deferred taxes to increase earnings
Premium Taxation Progressive tax Taxation in the United States
Bank Results Season: HDFC Bank Q4 grows 30% PAT and Net Interest income Net interest income for the Indian Market leader in Private Banks rose to INR 43 B from INR 33 B 26% on year/year growth. As dividends from insurance have also started showing up regularly every two quarters consolidated PAT has been growing unbridled past our 30% watermark. PAT for Q4 ended up at INR 18.90 B‚ a substantial shoring up of business performance in the last six quarters when it began a series at a strong but smaller
Premium Banking Bank BSE Sensex
government oversight or regulations stating that government interference will smother internet growth. This is despite that fact the original architecture of the Internet was created by government and universities. Its usefulness was greatly enhanced over the years by companies such as Intel‚ Cisco Systems‚ Microsoft‚ Apple and Google‚ much more so than by service providers such as AT&T‚ Verizon and Comcast. Yet it is the service providers that are demanding to become its gatekeepers. (USA Today‚ 2011) The
Premium
CHAPTER 5 Balance Sheet and Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE | | |Brief Exercises | | | | |Topics |Questions | |Exercises |Problems |Cases | |1. |Disclosure principles‚ uses of the |1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚|1 |
Premium Balance sheet Generally Accepted Accounting Principles
Child and Young Person’s Development – Task 1 Describe the expected pattern of children and young people’s development from birth to 19 years‚ to include: 1. Physical development 2. Communication and intellectual development 3. Social‚ emotional and behavioural development * Birth - 4 months: Gains about 1 oz. per day after initial weight loss in first week. At birth children have reflexes such as sucking‚ hands fisted‚ grasping‚ random movement etc. Around 1 month old they
Premium Developmental psychology Psychology Child development
Net Profit or Loss for the Period 89 Accounting Standard (AS) 5 (revised 1997) Net Profit or Loss for the Period‚ Prior Period Items and Changes in Accounting Policies Contents OBJECTIVE SCOPE DEFINITIONS NET PROFIT OR LOSS FOR THE PERIOD Extraordinary Items Profit or Loss from Ordinary Activities Prior Period Items Changes in Accounting Estimates CHANGES IN ACCOUNTING POLICIES Paragraphs 1-3 4 5-27 8-11 12-14 15-19 20-27 28-33 90 AS 5 (revised 1997) Net Profit or Loss for the Period
Premium Income statement
of Cash flow * Cash flow is more “direct” as “profit” is highly dependent on accounting conventions and concepts/principles * Cash flow reporting satisfies the needs of all users better since cash flow is more direct with its messages. Some of the interested user parties are: * Creditors -repayment of debts‚ overdue accounts * Management -cash flow reporting provides the type of information which decision should be taken re: relevant costs ( decision based on future cash flow)
Premium Balance sheet Generally Accepted Accounting Principles Income statement
In what ways are modern societies different from previous types? Describe three of the most significant differences. Over many years‚ societies have had to develop and adapt to the way the world is changing. Today‚ some of the most recognisable changes include the expansion of towns and cities‚ the advancement of the global economy and the rapid development of technology. Due to these advancements in society‚ we have seen the industrial revolution create more employment opportunities with better
Premium Sociology Full-time Industrial Revolution
INFORMATION SYSTEM WESTMINSTER INTERNATIONAL COLLEGE Student Name: Valentina Student Id No: Course: BA (hons) Business Studies Module: Information System WESTMINSTER INTERNATIONAL COLLEGE NET-A-PORTER Impact on Ecommerce NET-A-PORTER Impact on Ecommerce Contents 1.0. Introduction 2 1.1. About the Company: 2 1.2. Mission Statement: 2 2.0. Product and Services 3 3.0. Information Requirements: 5 3.1. Information Requirement for Sales
Premium Customer relationship management Customer service
C) What do you think is the real cause for the cash flow problem at cyclone? What actions can be taken to improve the situation? Comment on Rangi’s management of the factory. The real causes for the cash flow problem at cyclone are: • No perfect planning to distribute goods /provisions • Failure to establish human resource strategies. • Misusage of wealth during the cyclone • Negligence & irresponsibility of top level management. • Unsatisfactory workplace. Remedies to be done for improvement of
Premium Human resources Human resource management Management