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Intraperiod tax allocation issues
Author(s) -
Munter Paul
Publication year - 1996
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970070311
Subject(s) - task (project management) , economics , income tax , period (music) , accounting , public economics , management , physics , acoustics
FAS 109 required that the provision for tax for a period be allocated among several income components. The author reviews how to do this, but he warns that the cumulative effects of accounting changes, prior period adjustments, and error corrections can make that task ever more complex.