Introduction to Deferred Taxes | US CPA - FAR Exam | Easy Explanation

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Struggling with deferred taxes for the CPA FAR exam? In this video, Varun Jain simplifies Deferred Tax Assets and Deferred Tax Liabilities, explaining how temporary differences impact your financial statements. Learn key concepts to confidently approach deferred tax questions on the FAR exam!

What you’ll learn:

Difference between Deferred Tax Assets & Deferred Tax Liabilities
How to calculate deferred taxes for your CPA exam
Impact of deferred taxes on income statements and balance sheets
Debt Restructuring and Deferred Taxes: Overview of accounting for troubled debt, impairments of debts, debt restructure – settlement, and debt restructure – modification of terms
The accounting treatment for deferred taxes in the context of debt restructuring

-Get expert tips and real-world examples to confidently tackle deferred tax questions and debt restructuring concepts on the FAR exam.

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