This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer …

This paper develops and tests the hypothesis that accounting rules mitigate the effect of tax policy on firm investment … flows and accounting profits. I estimate the weight placed on accounting profits by comparing the effectiveness of tax … incentives that do and do not affect them. Investment tax credits, which do affect accounting profits, have larger effects on …

between accounting earnings and stock market value, i.e., earnings relevance. On the one hand, inflation may decrease earnings … relevance as historical cost accounting relies on historical transaction prices that become less relevant when inflation changes …

value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of … compensation that allow corporate insiders to profit extravagantly from temporary boosts in a firm's accounting condition or … for hiding adverse information. It is ironic that what are called accounting ethics' fail to embrace the profession …