ACCT 301
University Of San Diego
Here are the best resources to pass ACCT 301. Find ACCT 301 study guides, notes, assignments, and much more.
All 1 results
Sort by
-
Class notes ACCT 301
- Class notes • 11 pages • 2021
-
- $8.99
- + learn more
Reporting of tax related accounts on GAAP based financial statements is often difficult because a reconciliation between income per tax laws and income per GAAP is required to determine the correct amounts to report.



To determine the correct tax amounts you must focus upon the differences between:



GAAP Income VERSUS Taxable Income (per tax laws)



There are often differences in the two income numbers. In general, the tax laws generally require revenues and expenses to be shown on a cash b...
Class notes
Class notes ACCT 301
Last document update:
ago
Reporting of tax related accounts on GAAP based financial statements is often difficult because a reconciliation between income per tax laws and income per GAAP is required to determine the correct amounts to report. 
 
To determine the correct tax amounts you must focus upon the differences between: 
 
GAAP Income VERSUS Taxable Income (per tax laws) 
 
There are often differences in the two income numbers. In general, the tax laws generally require revenues and expenses to be shown on a cash b...
$8.99
Add to cart
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia!
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia