The speaker may shed some light on how decisions are made about the need for an allowance account
for deferred tax assets, the identification and measurement of uncertain positions, etc.
Hence, the valuation allowance account
might contain forward-looking information on managers' estimates of a firm's future income; a higher (lower) the valuation allowance would represent the manager's expectation of lower (higher) future income for a given level of deferred tax assets.
Thus, the analysis of valuation allowance changes is contextual and requires careful consideration of activity in the allowance account
examine earnings management via the valuation allowance account
Valuation allowance account
is a balance sheet account, similar to the allowance for doubtful accounts, used to adjust a deferred tax asset to its net realizable value.
7 million and recorded an increase to the trade receivable allowance account
However, the loan loss allowance account
is included in the numerator that calculates a credit union's risk based capital ratio, Fazio said, so it would be counted toward the ratio.
To the extent that the article did not make our position clear, we will try to add clarity here, focusing primarily on the two main issues addressed in the article: whether lower of cost or market (LCM) should be applied to individual items or at an aggregate level, and whether an allowance account
should be used.
By mechanically relying on the write-off performed for financial accounting, taxpayers may be forgoing the opportunity to deduct currently the portion of the allowance account
that represents partially worthless business debts.
In addition, SBA could not explain significant declines in its loss allowance account
for disaster loans.
There is also increasing unease among executive members about the pounds 25,000 from Haughey's allowance account
, for party expenses such as research and staff, which ended up in a Guinness and Mahon account for his own private use.
In particular, the district court and the Eighth Circuit found that the KPERS auditors had warned KPERS as early as 1987 and 1988 that its direct placement investments were partially impaired and that it needed to establish an investment allowance account
to protect it against such impairments.
121 concerning whether an allowance account
should be utilized when recognizing asset impairment in the held for sale category of noncurrent assets, since the declines in value in these assets are subject to recovery, practitioners probably should consider using an allowance account
to offset any loss recognized in income.
If separate disclosure is retained in the final statement, TEI recommends that the disclosure of changes in the valuation allowance should be limited to material changes in the allowance account
0 million Bad debt allowance account
against various investments within our portfolio.