The usefulness of the double entry constraint for predicting earnings
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DOI: 10.1007/s11156-018-00783-3
Abstract: In the absence of an income statement, earnings can be calculated as cash flow from operating activities (CFO) plus accruals, rather than being stated as the difference between income statement revenues and expenses. Following the… read more here.
Keywords: income statement; double entry; prediction errors; sample prediction ... See more keywords
Income Statement Reporting Discretion Allowed by FIN 48: Interest and Penalty Expense Classification
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DOI: 10.2308/atax-51542
Abstract: ABSTRACT: Financial Accounting Standards Board Interpretation No. 48 (FIN 48, FASB 2006) allows discretion regarding the income statement classification of interest and penalty expenses for unrecog... read more here.
Keywords: interest penalty; income statement; classification; discretion ... See more keywords
Deferred Tax Accounting for SMEs: Modified Income Statement Approach
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DOI: 10.47941/jacc.486
Abstract: Purpose : Accounting for income tax under International Financial Reporting Standards (‘IFRS’) is dealt with in IAS 12 Income Taxes. It is often said that users of financial statements do not find information produced in… read more here.
Keywords: income statement; income; approach; statement approach ... See more keywords