What are tax accounting classes?

US GAAP Tax Accounting Textbook

• I have accepted a new position with a U.S. company where part of the responsibilities will include assistance with tax accounting (i.e., reserves, DTLs, DTAs, reconciling tax returns to stat accounts, etc.). I am looking for recommendations for a good textbook that includes in-depth explanation of the principles as well as some exercises and worksheets to practice with. I am most interested in tax accounting, although a good book that covers general US GAAP accounting with a solid section on tax accounting would be fine as well. Something that covers key differences between US GAAP and IFRS principles would be absolutely ideal, as the company has many subsidiaries in jurisdictions that use IFRS or similar, and part of the job will include understanding the major differences for tax purposes. I would guess that an undergraduate level book would be most appropriate -- I already have some familiarity with accounting principles and can parse financial statements, but I am not now nor do I plan on becoming a CPA or a statutory auditor. I would like to be able to confidently manipulate the numbers and help to issue spot, but I do not need to actually prepare the statements or sign any tax returns. One book that covers everything that I want would be ideal, but if there are good explanatory books and separate exercises / worksheets / quizzes from another source that is fine. I would prefer paper to online, if possible. Thanks!

• Answer:

  I am not sure this will serve your needs exactly, but http://www.wiley.com/WileyCDA/WileyTitle/productCd-EHEP001739.html is the standard for business school students AFAIK.