Timing Difference

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Definitions

Originating Timing Difference Timing Difference Deferred Tax Accounting Tax Base Temporary Differences

In accounting, an originating timing difference refers to the initial recognition of a difference between the carrying amount of an asset or liability and its tax base that will result in taxable or deductible amounts in future periods.

Definitions

Timing Difference

Timing Difference Deferred Taxation Financial Statements Accrual Basis Tax Computation

Timing differences arise when there are differences between the recognition of income and expenses for tax purposes and their recognition in financial statements. These discrepancies are temporary and typically reverse over subsequent periods.