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Financial vs Tax Accounting

SMBAccountant

According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

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My Teaching Method

Withum

This course has a clear objective introducing the students to financial accounting, the accounting cycle, fundamental accounting concepts for business transactions, and preparing and analyzing financial statements. Yet a 40-page financial statement comprises five pages of numbers and 35 pages of words!

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What is a provision for income tax and how do you calculate it?

ThomsonReuters

Estimating each year’s tax provision is not a menial task and can require a great deal of time and effort for corporate tax departments. How provision for tax is calculated. A company’s tax provision has two parts: current income tax expense and deferred income tax expense.

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Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

Different types of accounting are: Financial accounting, Cost accounting, Management accounting . A balance sheet is one of the important financial statements of a company. It is used to ascertain the financial position of a company on a particular date. Are accounting and auditing the same?

Account 52