Deferred Tax When are You Going to Pay It?

The profit and loss account gives information on the amount of income tax for the accounting period classified as tax payable and deferred tax. A lot of managers are confused by the item “deferred income tax” because of its confusing name. Are you sure about what the deferred tax means?

Controlling or Management Accounting?

Have you come across the terms management or managerial accounting and controlling in practice? Have you thought about how different these terms are? Let us see what management accounting is and how it is related to controlling.