CFA CFA Level 1 SS9 – Income Taxes

SS9 – Income Taxes

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    • Zayd
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      Anyone else find this information going into your head, and then right out because its confusing?

    • Sophie Macon
      Keymaster
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      @Zayd – which bit confuses you? Share more details or give examples, we are all here to help each other out in the community 🙂

    • Zayd
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      @sophie I’m okay now. I figured out how to understand. Carrying value of an asset > tax base, a deffered tax liability is created. Carrying value of a liability > tax base, a deffered tax asset is created.

    • Sophie Macon
      Keymaster
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      Ok no prob @Zayd. You may also want to take a look at the forum’s CFA Level 1 section on the left hand side menu – there’s a CFA topic pick area with a list of all questions asked on Level 1 before. I knew DTA and DTL are in there somewhere!

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