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Simon Archer, Pascale Delvaille, S. Mcleay (1996)
A Statistical Model of International Accounting HarmonizationAbacus, 32
David Guenther, R. Sansing (2000)
Valuation of the Firm in the Presence of Temporary Book‐Tax Differences: The Role of Deferred Tax Assets and LiabilitiesThe Accounting Review, 75
Thomas Keller (1961)
Accounting for corporate income taxes
Thomas Beechy (1983)
Accounting for Corporate Income Taxes: Conceptual Considerations and Empirical Analysis
Purpose – The purpose of this work is to analyse both from a theoretical and an empirical point of view the reversal of positive and negative temporary differences in Spanish firms and, derived from the reversal, to question whether the comprehensive allocation or the partial allocation of temporary differences is more or less profitable for firms. Design/methodology/approach – The audited annual accounts of the firms registered in the Comisión Nacional del Mercado de Valores – the Spanish version of the SEC – during the periods 1996, 1997 and 1998 were analysed. To analyse the differences obtained, the sample was first disaggregated into different groups, according to whether the differences were positive or negative temporary reversed. A calculation was made of some descriptive statistics together with an analysis of both the mean and the variance, which made it possible to draw robust conclusions on the way Spanish firms report their positive and negative temporary differences reversed. Findings – The paper provides information about the positive and negative temporary differences reversals by year (1996, 1997 and 1998) and by sector of activities (energy and water, construction, transport and communications, real estate and others) in the sample period and compares them over time. Research limitations/implications – The highest percentage corresponds to “other negative and positive temporary differences reversals” including those cases where firms do not specify which type of operation has motivated the difference and use the comprehensive allocation of temporary differences; it is very difficult to follow up all the future reversals. Practical implications – A very useful source of information for Spanish firms and for investigators in this subject. Originality/value – This paper is pioneering in the analysis of the reversal of temporary differences in Spanish firms, as well as in determining whether the use of the comprehensive or partial tax allocation of temporary differences is more or less appropriate.
Managerial Auditing Journal – Emerald Publishing
Published: Feb 1, 2005
Keywords: Income tax; Spain; Deferred taxation
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