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 language||English (US)|
|Number of pages||37|
|Journal||Advances in Accounting Education: Teaching and Curriculum Innovations|
|State||Published - Jan 1 2008|
ASJC Scopus subject areas
- Business and International Management