Back to basics: Interim tax provisions

Interim income tax accounting can be complex, but it starts with a foundational concept: estimating the annual effective tax rate (AETR). In this episode, we continue our back-to-basics series with a look at the AETR calculation, including ordinary income, discrete items, when the usual AETR approach may not apply, and interim disclosures. Key topics and timestamps 1:11 — Calculating the AETR and interim tax provision3:54 — Forecasting ordinary income and tax expense6:31 — Defining ordinary i...