In this lesson, Nick Palazzolo, CPA, wraps up the complex world of income taxes with a succinct summary that focuses on the ins and outs of deferred tax assets and liabilities. He ensures a clear understanding of how net operating losses affect the financial statements, offering reassurance for those navigating the transition from regulatory environments to financial accounting frameworks. By emphasizing the unique approach required for this context, Nick provides the essential insights needed to handle income taxes confidently in financial reporting.
Lesson: Income Taxes Summary
Instructor: Nick Palazzolo
In this lesson, Nick Palazzolo, CPA, wraps up the complex world of income taxes with a succinct summary that focuses on the ins and outs of deferred tax assets and liabilities. He ensures a clear understanding of how net operating losses affect the financial statements, offering reassurance for those navigating the transition from regulatory environments to financial accounting frameworks. By emphasizing the unique approach required for this context, Nick provides the essential insights needed to handle income taxes confidently in financial reporting.
Updated: Oct. 20, 2021 Create an account
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Financial Statement Accounts
Module:
9 Concepts,
123 Lessons
Bank Reconciliation
2:17
BASE Formula
1:31
Trade Discounts
3:33
Bad Debt Expense
3:35
Cost Flow Methods
1:31
Inventory Summary
2:35
Land Costs
1:28
Plant Costs
3:00
Equipment Costs
3:04
Valuation Issues
1:39
Goodwill Impairment
2:27
Intangibles Summary
1:09
Current Liabilities
2:10
Notes Payable
1:08
Unearned Revenue
1:36
Long Term Debt
1:28
Equity Overview
1:14
Equity Objectives
0:55
Stockholders Rights
0:58
Types of Dividends
7:03
Equity Summary
1:10
Net Operating Losses
1:47
Income Taxes Summary
0:31
