An Empirical Formula to Calculate Deferred Taxes in Balance Sheet Consolidation

DOI

10.2991/msmi-14.2014.23How to use a DOI?

Keywords

Consolidated balance sheet, Temporary differences, Deferred income tax assets, Deferred income tax liabilities, Offset entries.

Abstract

In the process of balance sheet combination, to confirm the amount of deferred income taxes offset entries quickly at any given time may need a concise method. An empirical formula was given on the basis of some relative principles. Three numerical examples about the internal inventories, fixed assets transactions and accounts receivable& payable were discussed to testify the correctness and effectiveness of the formula. Finally, we draw the conclusion that the formula can deal with the sum of deferred income taxes offset entries quickly as expected.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Peng Zhao
AU  - Ying Ru
PY  - 2014/06
DA  - 2014/06
TI  - An Empirical Formula to Calculate Deferred Taxes in Balance Sheet Consolidation
BT  - Proceedings of the 2014 International Conference on Management Science and Management Innovation
PB  - Atlantis Press
SP  - 131
EP  - 135
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.23
DO  - 10.2991/msmi-14.2014.23
ID  - Zhao2014/06
ER  -