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Deferred Tax Assets in Financial Accounting

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in this video we're going to discuss

deferred tax assets so deferred tax

assets are increases in the amount of

taxes you're going to save in future

periods due to a temporary timing tax

difference right so temporary

differences are about timing when

revenue is recognized for both purposes

for tax purposes there's some kind of

difference in timing between tax and

book which basically means that you're

going to have lower taxes in future

periods as a result of this deferred tax

asset for example let's say in the

current period you have income tax

expense of $80 but the actual income tax

payable that you pay to the IRS is $100

and so you're going to have some some

gap here some plug that you need to make

your debits and credits balance so

you're going to have $20.00 of a