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Following the battle of Borodino in September 1812, Napoleon
Asset/Liability Method
An approach in accounting where income taxes are adjusted based on the differences between the financial reporting and tax bases of assets and liabilities.
Interperiod Tax Allocation
The process of apportioning income tax expenses between different accounting periods to match tax expense with the revenue that generated the tax.
Intraperiod Tax Allocation
The process of allocating income taxes within a single financial reporting period among different items that directly affect reported net income or loss.
Income Tax Allocation
The process of assigning income tax expense to various accounting periods because of temporary differences between accounting income and taxable income.
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