Business
Business related articles
Hierarchy In Determining Financial Instruments To Be Equity Instruments
July 8, 2014
Hierarchy In Determining Financial Instruments To Be Equity Instruments
Is there any hierarchy to use in determining a financial instrument to be liability or an equity instruments of the…
What is equity risk and how it is useful in determining whether a financial instrument is a liability or an equity
July 8, 2014
What is equity risk and how it is useful in determining whether a financial instrument is a liability or an equity
What is equity risk and how it is useful in determining whether a financial instrument is a liability or an…
Recognition Of Deferred Tax Assets Relating To Tax Losses
July 7, 2014
Recognition Of Deferred Tax Assets Relating To Tax Losses
Deferred tax assets relating to tax losses are to be recognized? A history of accounting losses or the existence of…
What should be done when a tax rate or tax rule changes?
July 7, 2014
What should be done when a tax rate or tax rule changes?
What should be done when a tax rate or tax rule changes? When a new tax rate or tax rule…
Is Income Tax Expense Always Recognized In Current Year?
July 7, 2014
Is Income Tax Expense Always Recognized In Current Year?
In single word, Yes. Income tax expense always recognized in the current year! Tax effect accounting as mandated in IAS…
Tax loss accounting treatment, how tax loss is accounted for?|
July 7, 2014
Tax loss accounting treatment, how tax loss is accounted for?|
Tax losses are created when allowable deductions exceed taxable income. The accounting standard envisages that there are three possible treatments…
Recognition Of Deferred Tax Asset And Deferred Tax Liability
July 7, 2014
Recognition Of Deferred Tax Asset And Deferred Tax Liability
Criteria for Recognition of deferred tax asset and deferred tax liability is set under IAS 12. Deferred tax liabilities must…
How accounting profit and taxable profit differ in accounting for income taxes.
July 7, 2014
How accounting profit and taxable profit differ in accounting for income taxes.
Accounting profit and taxable profit differ in accounting for income taxes in the following ways: Accounting profit is defined in…
What is a temporary difference in deferred tax calculation?
July 7, 2014
What is a temporary difference in deferred tax calculation?
Deferred tax calculation Temporary differences between accounting profit and taxable profit arise when revenues and expenses are recognized in different…
The Main Principle Of Tax Effect Accounting As Per IAS 12
July 7, 2014
The Main Principle Of Tax Effect Accounting As Per IAS 12
Main principle of tax effect accounting as per IAS 12: As the objective paragraph of IAS 12 points out the…