This guide provides a clear and easy-to-understand explanation of the challenging topic of "tax effect accounting" in the Level 2 Nissei Bookkeeping Examination, using diagrams to illustrate the basics.
This time, we'll learn the fundamentals of tax effect accounting, including the concepts of corporate income tax, taxable income, gross income/deductible expenses, deferred tax assets, and adjustments to corporate income tax. ✨
This is recommended for those learning tax effect accounting for the first time, or those who found it difficult to visualize the meaning of journal entries even after reading textbooks. 😊

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📘Next: "Tax Effect Accounting ②"
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Those who have finished "Tax Effect Accounting ①" should continue by learning about tax effect accounting related to deferred tax liabilities and other securities valuation differences.

▶Tax Effect Accounting ② | Deferred Tax Liabilities / Valuation Differences on Other Securities
【日商簿記２級】『商業簿記　第１５回』税効果会計（繰延税金資産/法人税等調整額/繰延...

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✅What you will learn from this video
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・Relationship between corporate income tax and taxable income
・Why accounting profit and taxable income differ
・Basic concepts of income and expenses
・Purpose of tax effect accounting
・Why deferred tax assets arise
・The role of corporate income tax adjustments
・How to calculate deferred tax assets using tax rates
・Basic journal entries for tax effect accounting

To understand tax effect accounting, it is important to grasp the following flow rather than memorizing journal entries from the beginning.

① Calculate accounting profit
↓ ② Calculate taxable income by reflecting taxable income and expenses
↓ ③ A difference arises between accounting and taxable amounts
↓ ④ Calculate the tax effect by multiplying the difference by the tax rate
↓ ⑤ Journalize the deferred tax asset and corporate tax adjustment

First, let's understand "why the amounts differ between accounting and tax," and then connect the calculations and journal entries 😊

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✅ Table of Contents
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0:33 Corporate Tax and Taxable Income
7:47 What is Tax Effect Accounting?
9:53 Corporate Tax Adjustments and Deferred Tax Assets

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✅Recommended Learning Order for Tax Effect Accounting
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① Tax Effect Accounting ① [Current Video]
Corporate Tax, Taxable Income, Gross Income/Expenses, Deferred Tax Assets, Corporate Tax Adjustments

② Tax Effect Accounting ②
Deferred Tax Liabilities, Other Securities Valuation Differences
【日商簿記２級】『商業簿記　第１５回』税効果会計（繰延税金資産/法人税等調整額/繰延...

For those who want to learn the commercial bookkeeping lectures in order from the beginning, please use this.

▶Nissho Bookkeeping Level 2 Commercial Bookkeeping Lecture Summary
【2026年度版】日商簿記2級 商業簿記講義｜知識ゼロから合格へ

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📝After the lecture, try the practice problems
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Tax effect accounting is easier to retain by repeatedly practicing journal entry problems and closing adjustment problems after understanding it by watching the video.

▶Nissho Bookkeeping Level 2 Main Exam Preparation | Questions 1-5
【2026年度版】日商簿記2級 本試験対策｜第1問〜第5問・解く順番と時間配分

▶【15 Journal Entry Problems】Nissho Bookkeeping Level 2 Actual Exam Level
【仕訳問題15問】日商簿記２級（本試験レベル）〜第1問対策にオススメ〜

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✅ How to Study for the Nissho Bookkeeping Level 2 Exam
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▶ [1-Month Passing Roadmap] How to Pass the Nissho Bookkeeping Level 2 Exam Through Self-Study
【11分で解説】実体験！簿記２級に１ヶ月で合格する方法（転職にも役立つ資格）

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🌟For those who want to pass the Nissei Bookkeeping Level 2 exam through self-study
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