Sims and Cliff (2001, p.314) states that "AASB 1020 Accounting for Income Tax (Tax-Effect Accounting) was issued in 1989". ... Sims & Cliff (2001, p. 315) go on to state that "as part of the International Harmonisation project of the Australian accounting standard setters, the principles underlying the method of accounting for company income tax will change in the financial year of 2003". ...

• Word Count: 2774
• Approx Pages: 11
• Grade Level: Undergraduate

Sims and Cliff (2001, p.314) states that "AASB 1020 Accounting for Income Tax (Tax-Effect Accounting) was issued in 1989". ... Sims & Cliff (2001, p. 315) go on to state that "as part of the International Harmonisation project of the Australian accounting standard setters, the principles underlying the method of accounting for company income tax will change in the financial year of 2003". ...

• Word Count: 2621
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate