Publication Date

1-1-1994

Document Type

Dissertation/Thesis

First Advisor

Delaney, Patrick R.

Degree Name

B.A. (Bachelor of Arts)

Legacy Department

Department of Accountancy

Abstract

The main objective of this capstone project is to focus on one of the more significant issues contained in Statement of Financial Accounting Standards No. 109, which was effective for fiscal years beginning after December 15, 1992. This focus will center upon the recognition of deferred tax assets and the related valuation allowance. This paper is not meant to be a comprehensive discussion and analysis; but, instead will discuss the selected topic of deferred tax assets and the related valuation allowance and then present both a discussion and a case which will discuss the significant issues and problems that have been associated with the application of the new standard. The case subject will be Square D Company, a large manufacturing company, and the discussion subject will be Ernst & Young, a Big Six public accounting firm. The new Standard has established financial accounting and reporting for the effects of income taxes resulting from an enterprise's activities for current and preceding years. This new Standard supersedes the American Institute of CPAs Accounting Principles Board Opinion No. 11 and Financial Accounting Standards Board Statement No. 96.

Extent

24 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Alt Title

Accounting for Income Taxes

Media Type

Text

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