US GAAP Tax Accounting Textbook
December 9, 2014 5:03 AM   Subscribe

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!
posted by ohio to Education (2 answers total) 1 user marked this as a favorite
 
I am not sure this will serve your needs exactly, but Kieso/Weygandt's Intermediate Accounting is the standard for business school students AFAIK.
posted by mullacc at 3:50 PM on December 9, 2014


Seconding Kieso's text. I found the 14th Edition to be very thorough, each chapter contained references to US GAAP/IFRS convergence.

As for tax accounting, CCH Federal Taxation is published annually. This textbook covers individual and corporate taxation. Just a note, CCH/Wolters Kluwer also provides tax research tools for accountants in practice.

I still keep these two books on my reference shelf at home.
posted by royals at 7:32 AM on December 10, 2014


« Older Save my gf from career hell!   |   Vegan cooking classes in NYC? Newer »
This thread is closed to new comments.