Differences Arising Between Financial Accounting and Tax Accounting Fall into Three

question 99

Short Answer

Differences arising between financial accounting and tax accounting fall into three categories, what are the three categories?

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Definitions:

Cultures

Shared beliefs, values, norms, and practices that characterize a group of people or an organization, shaping behavior and perceptions.

Control

The process of directing the operation of a system or managing behaviors and processes.

Communication Competency

The ability to effectively convey, receive, and interpret messages in interpersonal and group settings, using both verbal and nonverbal methods.

Intuit

To understand or know something by instinct, without the need for conscious reasoning.