Deferred Tax Assets in Financial Accounting

[@TheAwesomeWizardDude]

A 10-minute Edspira video contains more information and clearer instruction than 2 hours of lecture. Accounting professors need to watch your content to learn how to explain accounting concepts to their students.

[@justinpaucar6816]

The current professor I have reads off PowerPoints and barely touches on the right places where she means for us look.

[@elenabottiglieri]

definitely

[@yvesdemontigny4617]

Just read 47 pages og pp presentation in Intermediate Acctg 2 and was confused. 10 minutes with Edspira and crystal clear. Thank you Michael! You are an inspiration for all of us..

[@RamanJGill]

In 8 minutes, you have done what a $200 textbook and a professor could not do, which is to simply lay out the damn concept. Seems so easy now. Thank You!

[@anatulymaimany]

Deferred Tax explanations are confusing everywhere in books and internet. You have just cracked it. The best explanation ever!

[@s82452]

This topic made absolutely no sense when I was reading the textbook. This video broke it down so succinctly. Thank youuu

[@andrebell4720]

Thank You, The Wiley's textbook explanation of this subject was so confusing.

[@Edspira]

No problem. This is a very difficult subject, so I'm glad the video was helpful. Take Care!

[@africarib]

EXACTLY why I'm here

[@ziyinhuang6532]

wiley TT，so hard to understand why deduct why add back

[@Corbenik2nd]

@@Edspira Thanks Professor! Your videos are always my go-to when my lecturers' explanations are too confusing.

[@AlexandraCMagana]

I was so scared for my mid-term tomorrow because this is by far the hardest chapter I've learned. You helped me understand it sooo much better!

[@shaunaweisser8575]

amazing again. wish i could hire you as my tutor! i wish my teacher could just be as simple as this, you're always so much easier to understand.

[@MT38618]

Best DTA explanation I ever heard . Congrats .

[@Edspira]

Awesome! I'm glad this video helped you.

[@caseydaniels1977]

Thank you so much, I wish I watched this before hours and hours of not understanding the textbook or the professor's lectures. I'm so relieved, lifesaver!

[@SarahScott-v9z]

I don't even bother with the textbook anymore. I'm just sad I didn't find this resource until I was down to Auditing and IA 3 left to complete. The videos probably saved me three weeks of studying.

[@huiyuan7755]

Spent 1 hour looking at various explanations online and this is THE MOST helpful one so far! Great job!! Thank you!!!

[@CPAHallTalk]

The best explanation of deferred tax assets I've ever seen. Great job.

[@richardgordon]

Thank God for Edspira! I got totally confused (and backwards) by this issue until you straightened out my thinking!

[@Edspira]

No problem my friend!

[@enriquebn4853]

I know this video is old but I wish you have a chapter by chapter coverage of the Wiley book. Sometimes Farhat is great but a lot of times your clarification on the concept is much clearer. Really appreciate you. Saves me a lot of time wading through everything in the book.

[@Edspira]

To which book are you referring?

[@enriquebn4853]

@@Edspira My school uses Kieso Weygandt and Warfield Intermediate Accounting Wiley. I'm on the 15th edition but I'm sure there are newer ones out by now as I've seen quite a bit of change. Farhat follows the book and has playlists but a lot of times I find myself searching for your lectures when I struggle. You have some of them. It's hit or miss. It's a breath of fresh air when I do find it because I need a different angle.

[@campbellblk7484]

@@enriquebn4853 I'm using that now with a newer addition. The book doesn't help me with the wiley homework as much but thanks to these videos I understand it better. At least I got a tutor to help me with the homework.

[@kellyalltogether1747]

My college owes you half of my tuition. Thank you so much for making these videos.

[@Edspira]

Thank you for such kind words!

[@onnetion]

A simple way to learn the DTA Concept. Thank you Professor.

[@Edspira]

No problem!

[@swapniltiwari5308]

You my friend deserve an academic honor award! This stuff is gold!

[@Edspira]

Thanks Swapnil!

[@sharonjiang6336]

Gosh Becker made it so confusing. Im relieved after watching your lectures. Thank you and keep up the good works

[@yussufhussein8971]

First of all thank you Dr. McLaughlin for your awesome videos. They have helped me a lot through out my accounting classes. I see in your videos that you calculate ITE by multiplying the pretax income with the tax rate but our current book never calculates ITE and only finds that number as “plug” after calculating ITP and DTA/DTL.

[@gogohahayo]

Thank you very much, Sir. Your explanation is so much easier and clearer than my teacher's. I was so confused when he tried so hard to explain in the classroom.

[@Edspira]

Glad it helped!

[@myphotosone]

Thank you very much for this video Sir. I was totally lost and confused about DTA. Your explanations are to the point, crystal clear and understandable.

[@chaitraa419]

I’m in love with all your videos... very well explained and crystal clear explanations... just amazing…

[@Edspira]

Thanks Chaitra!

[@404TRUCKERTV]

Yes, I love how you setup the table, makes it easy to complete journal entries. 👍

[@bbqking10]

U always come through when I’m stuck with cpa

[@Edspira]

Glad to be of help my friend!

[@vascogamero530]

This guy is a gift from above

[@AANamdar]

Simply and comprehensively explained. Appreciate it.

[@Edspira]

Glad it was helpful!

[@campbellblk7484]

Holy shit, I freaking get it! I was struggling to understand this in class and you just help me figure it out just like that! Thank you so much!

[@antonioromero878]

Edspira always blessing us with his boss words.

[@Edspira]

Thanks for subscribing, and best of luck in your studies!

[@cherylleong7694]

Harvard Business Publishing materials just....... oh well, your video saved my life, i can graduate tomorrow

[@suneermadappan]

Thanks, well explained. But I am wondering if their accounting is on an accrual basis, do they have to consider the prepaid rent received as an income, rather than shown it in the next year when the income is actually incurred and realized.

[@mariag1926]

Once again your video has saved my life lol

[@Big4CPA]

OMG MANY THANKS! NOW I UNDERSTAND THIS CONCEPT

[@Edspira]

Excellent!

[@veasnapech1298]

Great explanation! I got more clear with answer I want. Many thanks.

[@Edspira]

Happy to help!

[@funnyman352]

how do you account for permanent book difference when trying to find tax expense? Do you add that back to your taxable income?

[@eithu3250]

I really thank this video. Very clear and supportive to me.

[@Edspira]

Glad to hear that!

[@matthewtomasulo5714]

You should get all your videos up on khan academy as well.

[@gopalnpankaj]

Thanks alot man, you made my day ! I was hell stuck with something and your vedio fixed the issue. Much appreciated 🙏

[@tulyadasirirattanatai5550]

Thank you so much for super clear explanation in the world!!

[@Edspira]

Glad it was helpful!

[@fabianmarin8514]

Excellent explanation. Thanks a lot for uploading this!

[@Edspira]

You're very welcome!

[@ShivaPremi3708]

Thank you so much for this video. The teaching style is ingenious wisdom.

[@zackd7597]

So for DTA we add the pre tax income and excess of tax over book to get taxable income but for DTL we subtract to get to get taxable income?

[@randinunley4680]

thank you so much! you made it so much easier to understand...as always with all your videos.

[@mark91345]

Very well explained. Thank you.

[@Edspira]

Thank you for the kind words!

[@MaterialMachinesMusic]

you just saved me THANK YOU!!!

[@CozyColoring-forYou]

best explanation ever!

[@shirleyjia9924]

hello, life saver :)

[@Edspira]

Hello :)

[@Jmslow]

Can someone please help me out, I assumed pre-tax book income is what we call the tax-free threshold (the amount of income you don't have to pay tax on?) which I don't think is right ? thanks!

[@lMlarcus]

I can't thank you enough for this. Really clear and effective communication.

[@namangupta342]

Concise and clear!

[@sylviazhang6786]

Thank you. It's so much clearer now.

[@RanjeetKumar-qm3pq]

Really loved the video explanation.

[@bcnicholas123]

Damn I wish my professor explained it as clearly as you

[@NdubisiOnuora]

Easy to explain. Thanks!

[@petercross1844]

sorry, how did u calculate the 15 k figures

[@thomass1891]

Do u also help with CPA exams?

[@OnyxRx8]

Awesome Video! Thanks it helped me get a grasp on the concept.

[@manartarik4717]

Wow you're amazing!

[@Edspira]

Thank you! 😊

[@pieterswiegers5886]

Can someone please help me I'm still a bit lost. If the Tax Expense is 80, the amount we actually paid but we have to pay 100 (Tax Payable) then we paid 20 to little and we still owe 20, how is it then a Asset and not a Liability if we still owe 20 ?

[@wendyjing4400]

Very clear explanation, Thanks a lot!

[@Edspira]

Happy to help. Thanks for watching!

[@thomasjoseph2252]

Well explained

[@JennyFarley]

where did the $15,000 pre book income come from?

[@arthurchen510]

36,000 Book Revenue - 21,000 operating expenses = 15,000 pre tax book income. You're welcome.

[@ML-vb9xf]

Good video. Very clear! Thx a lot

[@chicagobears60]

I'm having trouble visualizing this in a balance sheet and how the accounting formula would stay balanced.

[@saifal-salman1532]

James Austria, I think it is great video

[@Edspira]

Thanks!

[@satyamanand6830]

thank u sir ur a life saver

[@ivar5021]

Thank you so much!

[@samuelsimbarashechiyama]

thank you so much

[@sawsanaziz7051]

Thank you

[@Trueplayaz905]

amazing vid explain very well!

[@shamiman3665]

Hi your videos are really helpfull....... Please help me for passing my CMA part 1 xam on feb..... On the topic LOWER OF COST OR MARKET topic....kindly...

[@Edspira]

I have 2 videos on lower of cost or market. The first one is an explanation, and the second video is an example.kzbin.info/www/bejne/hp_OhXlsh5d5bdk kzbin.info/www/bejne/hX3RhZKperqjh5I Best of luck on the CMA!

[@abelaguilera9330]

Clutch.

[@ataulghafer2425]

Brilliant

[@prasantchakroborty3582]

Excellent

[@jemallegrand9352]

Bless you

[@Edspira]

Thank you!

[@siyandahadebe9208]

Bless

[@alazartadesse949]

Change the background colour.

[@dirtydan6098]

I’m 25 and I can’t f’ing figure this out by myself. I’m so dumb

[@JuicyMorsels]

did you give credit to Khan Academy for stealing this video?

[@Edspira]

This is totally original content. Khan Academy does not cover corporate tax.

[@yussufhussein8971]

You shouldn’t have dignified that nonsense question with a response Dr. McLaughlin.

[@wildcheekymonkey]

so zero????

[@thedebis]

Thank you so so much

[@samchen7062]

thank you