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March 18, 2026The Accounting Review

Accounting Principles and Taxable Income.

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Authors

GLGeorge E. LentUniversity of Tübingen

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Implication

Examines the impact of accounting methods on taxable income calculations, suggesting implications for financial reporting.

Key Points

  • The aim is to explore the relationship between accounting principles and the calculation of taxable income.
  • Analysis of internal revenue code provisions
  • Review of Treasury regulations and court decisions
  • Comparison of accrual and cash accounting methods
  • Taxable income is defined by statutory provisions in the Internal Revenue Code.
  • Different accounting methods can significantly alter the reported taxable income.
  • Accrual and cash methods may lead to differing interpretations of taxable income based on timing of revenue recognition.

Cite This Study

George E. Lent (1962) studied this question.

synapsesocial.com/papers/69ba434a4e9516ffd37a4563https://doi.org/10.2308/tar-7098830
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Taxable Income vs. Financial Income: How Much Uniformity Can We Stand?1969
  2. 2DEFERRED TAX CREDITS ARE LIABILITIES.1959
  3. 3MAJOR DIFFERENCES BETWEEN NET INCOME FOR ACCOUNTING PURPOSED AND FOR FEDERAL INCOME TAXES.1948
  4. 4AN--INVESTMENT--RECOVERY--FIRST CONCEPT OF TAXABLE PROFIT.1951
  5. 5THAT THING WHICH THE ACCOUNTANT CALLS INCOME.1946