CFA Level 1: Income Taxes - Part 2

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:

  • Taxes Payable and Tax Expense
  • Creation of Deferred Tax Liability
  • Changes in Income Tax Rates
  • Permanent Differences
  • Effective Tax Rate
  • Unused Tax Losses and Tax Credits
  • Valuation Allowance
  • Presentation and Disclosures
  • Comparison of IFRS and U.S. GAAP