Finance Train LogoFinance Train
LibraryBlogMembership
Finance TrainFinance Train
Home
Learn
Getting StartedGetting StartedPythonPythonR ProgrammingR ProgrammingQuantitative FoundationsQuantitative FoundationsData AnalysisData AnalysisMachine LearningMachine LearningAIAIFinance AppsFinance Apps
BlogToolsMembership
    CoursesAccounting for Income Taxes
    Public

    Accounting for Income Taxes

    A company’s accounting policies (such as depreciation choices, and valuation of assets) can cause differences in taxes reported in financial statements and taxes reported on tax returns. In this lesson “Income Taxes” we will learn about several issues relating to deferred taxes.

    Lessons

    01

    Introduction to Income Tax

    Start
    02

    Deferred Tax Liabilities and Assets

    Start
    03

    Tax Base of Assets and Liabilities

    Start
    04

    Example of a Deferred Tax Liability

    Start
    05

    Permanent and Temporary Differences Between Taxable Income and Accounting Profits

    Start
    06

    Valuation Allowance for Deferred Tax Assets

    Start
    07

    Disclosures for Deferred Tax Items

    Start
    08

    IT Accounting under IFRS and US GAAP

    Start
    What's Included

    Online Lessons

    Finance Train

    Learn data science and AI skills for finance through practical courses and tutorials.

    Learn

    • Learning Path
    • Blog
    • Finance Fundamentals

    Resources

    • Tools
    • Tables
    • Calculators
    • Membership

    Company

    • About
    • Contact
    • Privacy
    • Terms

    © 2026 Finance Train. All rights reserved.

    Chat with Lessons

    Quizzes

    Course Project

    Downloadable Ebook

    Resources

    (1)

    Quizzes

    1