ss 10 reading 44

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nikko0355

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Maybe I have been reading for too long. But study session 10 reading 44, analysis of income taxes just killed me. I am lost.. anyone else finding this reading hard to digest? Fyi I am using cfai books. Hopefully schweser has a better explanation of this b/c I can honestly say that I did not grasp it..
 
seems like the entire reading.. maybe i am just having a bad day.. but so far this is the toughest reading for me..
fyi i am only up to ss10 r44 at the moment..


analyze disclosures relating to deferred tax items and the effective tax rate reconciliation and discuss how information included in these disclosures affect a co financial statements and ration

compare and contrast a co deferred tax items and effective tax rate reconciliation between reporting periods and/ or other companies..

cant seem to find the answers to these los
 
SS10 is tough. do you have q-bank or any practice problems for the material? try to slowly walk though some of the longer examples. this stuff is important, so don't skip it or move on until you're feeling better about it all.

if you have $$ to spend, this comes highly recommended by many on this forum-

http://accountingworkshops.com/

his schedule should be up sometime soon- weeekend crash course on FSA prob will be in sept or oct. not sure where you're from, but if from the east coast, not a bad idea if you have the $$.
 
chill~~ The most confusing part for me at Tax would be the changing future Tax rate........ I don't see Schweser, which I used, provides a good explaination in this part. I would guess CFAI curriculum would do better. AND, one key for you:
Effective tax rate is different from Statutory one, if and only if, the company has any PERMANENT difference in deferred tax~~~ MEMORIZE it NOW!!!!
 
thanks for the input.

bannisja-- i am going to buy q-bank.. 100% thanks alot..

glad to hear someone else thinks ss10 is tough.. i thought i was the only one
 
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