Analysis of Income Taxes

Income Taxes: Deferred Taxes Made Easy for the CFA Level 1 Exam

Hey there, future finance wizards! Are you feeling a little mystified by the concept of deferred taxes? Fear not! We’ve got the perfect guide to help you understand and conquer deferred taxes in two simple steps, and all of this is tailored for the CFA Level 1 Exam. Let’s get started!

Deferred Taxes I

Get ready to crack the code on income taxes in this riveting lesson! You’ll grasp the differences between financial accounting and tax reporting, learn about deferred tax assets and liabilities, and uncover the mysteries of tax base and carrying value. You’ll even delve into tax loss carryforwards and valuation adjustments for deferred tax assets!

► Unlock the secrets of income taxes here.

Deferred Taxes II

Ready to dive deeper into deferred taxes? In this lesson, we’ll explore the impact of tax rate changes on financial statements and common sources of temporary differences. We’ll also touch on the required disclosures and the differences in accounting between IFRS and US GAAP. Pretty thrilling, right?

► Put on your scuba gear and dive in here.