ASC 740 requires a company to evaluate the need for valuation allowance against its deferred tax assets.
What does VA stand for?
VA stands for Valuation Allowance
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of VA
We have 67 other meanings of VA in our Acronym Attic
- Victor 883 Speed Controller
- Aircraft speed
- Ambulance Plane (US Navy)
- Department of Veterans Affairs (US)
- Fixed Wing, Heavier Than Air Aircraft, Attack (US Navy)
- Maximum-Design Maneuvering Velocity
- Vacation Absence
- Vaginal Atrophy
- Validation Authority (digital certificates)
- Valor Award (Australian police award)
Samples in periodicals archive:
For financial accounting, loss companies with a full valuation allowance will record an increase to their deferred tax asset (DTA) account when they claim the act's greater depreciation provisions.
Deferred tax liabilities are a consideration in the analysis of whether to apply a valuation allowance because taxable temporary differences may be used as a source of taxable income to support the realization of deferred tax assets.
As a result, valuation allowances and tax accruals previously provided for these matters are no longer necessary, said Temple-Inland.
17 per share) for the fourth quarter of 2002 to establish a valuation allowance against its net U.
In addition, companies currently disclose the most significant components of temporary differences that comprise the deferred tax asset, deferred tax liability, and related valuation allowance accounts.