CFA Level 1: Income Taxes - Part 1

This video by Arif Irfanullah discusses the key aspects of income taxes, as a part of the CFA Level 1 syllabus. This is one of the most difficult sections in the CFA syllabus.

This video discusses:

• Accounting Profit, Taxable Income, and DTA
• Creation of Deferred Tax Liability (DTL)
• DTL and DTA
• Tax Base vs. Carrying Value