內(nèi)容教程講稿chap15taxation

Financial1717AccountingforPAGE2PAGE2RelatedaccountingIAS eStudy①Accountforcurrent②Determinetaxbaseofanassetora③Classifytemporary④Accountfordeferred⑤PresentcurrenttaxanddeferredTopicCurrentDeferredTaxabletemporaryDeductibletem MeasurementandTaxation Accountingprofit(accountingTaxableprofit(taxProfitorTaxableprofit(taxProfit/lossdeterminedbyTaxexpense Theaggregt mounttodeterminenetprofitinrespectofcurrenttaxanddeferredtaxDifferenceDifferencebetweenrofitand PermanentCertainitemsofrevenueorexpenseareexcludedfromtaxableprofitsTemporaryCertainitemsofrevenueorexpenseareincludedindifferentperiodThedifferencebetweentaxbaseandcarryingamountofanassetoraliabilityCurrenttax＝taxableCurrenttax＝taxableprofit×taxTheamountpayabletothetaxinrelationtothetradingactivitiesoftheperiodTaxableprofit＝accountingprofit±adjustmentsThetaxrateisthatenactedbytheendofthereportingperiodAnyexcesstaxpaidshouldberecognisedAnyexcesstaxpaidshouldberecognisedasIAS12requiresanyunpaidtaxtoberecognisedasaliabilityRecongnisethebenefitrelatinganytaxlossthatcanbecarriedbackasanassetExampleP275CurrenttaxofDarton$TaxableprofitsinTaxpayableestimatedinTaxpaidinTaxTaxJanDec.31eetaxTaxpayableinTaxexpenseinExampleP275CurrenttaxofDarton$TaxableprofitsinTaxpayableestimatedinTaxpaidinTaxTaxJaneetaxTaxpayableinTaxexpenseinExampleP275:Taxlosscarried$paidinTaxlossinTaxlosscanbecarriedbackofpriorExampleP275:Taxlosscarried$RecognitionofcurrentCurrenttaxisrecognisedas eorexpensesincludedinthenetprofitorloss etaxexpenseCrTaxpayable① ②TransactionrecogniseddirectlyinPresentationofcurrentStatementoffinancialonlyAlegallyablerighttosetonlyAlegallyablerighttosetIntendIntendtosettletheamountonanetStatementofTopicCurrentDeferredTaxabletemporaryDeductibletem MeasurementandTaxation TaxbaseisTaxbaseistheamountattributedtothatDeferredtaxarisewhentaxbaseofanassetorliabilityisnotequaltoitscarrin orliabilityfortaxTaxbaseofanAmountthatwillbedeductiblefor uragainstanytaxableeconomicbenefitsthatwillflowtotheenterprisewhenwhenittheoftheWherethosebenefitsarenottaxable,thebaseofassetisthesameascarryingQuestionP277:TaxbaseofanACost＝10CarryingDepreciationfortaxQuestionP277:TaxbaseofanInterestCarr amount＝1Therelatedinterestrevenuewillbetaxedonacashbasis QuestionP277:TaxbaseofanCarr amount＝10Therelatedrevenuehasalreadybeenincludedintaxableprofit QuestionP277:TaxbaseofanLoanCarr Therepaymentoftheloanwillhavenotax TaxbaseofaTaxbaseofa=carrying purposesinrelationtotheliabilityTaxbaseofrevenuereceivedin=carrying?anyamountthatwillnotbeQuestionP278:TaxbaseofaAccruedCost＝1TherelatedexpensewillbedeductedfortaxpurposesonacashbasisQuestionP278:TaxbaseofaInterestrevenuereceivedinCarr amount＝10TherelatedinterestwastaxedonacashQuestionP278:TaxbaseofaAccruedCarr amount＝2Therelatedexpensehasalreadybeendeductedfortaxpurposes＝$QuestionP278:TaxbaseofaAccruedfinesandCarr FinesandpenaltiesarenotdeductablefortaxQuestionP278:TaxbaseofaLoanCarr ClassificationoftemporaryTaxabletemporaryDeductibletemporaryTopicCurrentDeferredTaxabletemporaryDeductibletem MeasurementandTaxation GiverisetoadeferredtaxNatureoftaxabletemporarydifferencesResultinanincreaseGiverisetoadeferredtaxArisefromAsset:carryingamount>taxbase; g unt<ax QuestionP281:TaxabletemporaryJonquilCobuysanequipmentfor$50,000on1January20X1anddepreciatesitonastraightlinebasisover5years.Fortaxpurposes,theequipmentisdepreciatedat25%perannumonastraightlinebasis.$20,000perTaxrateisTaxbaseandcarrying0fortax000Currentfortax0CurrentDeferred000000StatementofprofitoreCurrentDeferredNetStatementoffinancialtax0TopicCurrentDeferredTaxabletem DeductibletemporaryMeasurementandTaxation GiverisetoataxdeferredGiverisetoataxdeferredResultinadecreasein etaxpayableinfuturereortin ArisefromAsset:bookvalue<taxbase; LossThewarrantycostwillnotThewarrantycostwillnotbedeductibleforPargathaCorecognisesaliabilityof$10,000forwarrantycostson31December20X7.purposeuntiltheentitypaysclaims.Thetaxrateis25%.Deferred00RecognitioncriteriaofadeductibleTDDeferredtaxassetscanonlyberecognised againstwhichtheycanbeDeferredtaxassetsshouldbereviewedattheendofeachreportingperiodTopicCurrentDeferredTaxabletem DeductibletemporaryMeasurementandTaxation FullprovisionmethodandliabilityChangesintaxDeferredtaxismeasuredatthetaxratesexpectedtoapplyintheperiodwhentheassetisrealisedorliabilitysettled,basedontaxrates l t f DiscountisnotRecognitionofdeferredProfitorRevaluationofChangeinaccountingExample:TopicCurrentDeferredTaxabletem DeductibletemporaryMeasurementandTaxation Statementof Taxexpenseistheaggregating etaxontaxable②Transferstoorfromdeferred③Underprovisionor