Integrating tax and financial accounting: Three exercises for use in tax and financial accounting classes

Sharon Bruns, Diana Falsetta, Timothy J. Rupert

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

In this chapter, we present a series of exercises designed to help students integrate their understanding of tax and financial accounting. The exercises describe a small business, Nuñez Security Services, Inc., that has chosen to operate as a corporation. These exercises can be used separately or together, and require identification of items that will result in either permanent or temporary differences in financial and tax reporting. The exercises also help students develop an understanding of the implications of these differences on the calculation of tax expense for financial reporting purposes and the calculation of taxable income for tax reporting.

Original languageEnglish (US)
Pages (from-to)151-187
Number of pages37
JournalAdvances in Accounting Education: Teaching and Curriculum Innovations
Volume9
DOIs
StatePublished - Jan 1 2008

ASJC Scopus subject areas

  • Business and International Management
  • Education

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