The Accounting Of Deferred Taxes Under Ifrs

Author : Michael Mehnert
Publisher : GRIN Verlag
Page : 33 pages
File Size : 42,8 Mb
Release : 2010
Category : Electronic
ISBN : 9783640511303

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The Accounting of Deferred Taxes Under IFRS by Michael Mehnert Pdf

Seminar paper from the year 2009 in the subject Business economics - Accounting and Taxes, grade: 1,7, AKAD University of Applied Sciences Stuttgart, course: IFRS, language: English, abstract: 1 Introduction In a global economy there is a need for common accounting rules. It is simply important for an enterprise to know that national and international stock exchange rules require the application of internationally accepted accounting directives. So there are several good reasons for a trend towards internationalization. For an investor means internationaliza-tion usually accompanied by a standardization of accounting rules that he can compare financial statements quicker and easier. There are no longer time- consuming and ex-pensive conversions of financial statements necessary. Internalization means also that the national differences in the determination of profit will disappear. Standardization would give the term "profit" substance and would allow the comparison of financial statements of different enterprises from several countries. In the European Union enterprises have a special responsibility since 2005. On the 12th of March 2002 the European Parliament endorsed the EC Commission's proposal that all EU listed companies must follow standards issued by the International Accounting Standards Board (IASB) in their consolidated financial statements starting no later than 2005. In this assignment I want to give a short overview about what the main principles of the International Financial Accounting Principles (IFRS) are all about and what differences to the German Statutory Accounting Rules (HGB) can be distinguished (chapter 2). Then I want to focus on the accounting of deferred taxes under IFRS (chapter 3). After a definition of deferral I want to explain the concepts and methods of deferral in this part. Finally I will have a closer look on deferred tax assets and deferred tax liabilities.

Author : IFRS FOUNDATION.
Publisher : Unknown
Page : 0 pages
File Size : 52,6 Mb
Release : 2021
Category : Electronic
ISBN : 1914113209

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IFRS STANDARDS DEFERRED TAX RELATED TO ASSETS AND LIABILITIES ARISING FROM A SINGLE TRANSACTION by IFRS FOUNDATION. Pdf

Author : A.J. Bakker,Tjeerd van den Berg
Publisher : Unknown
Page : 128 pages
File Size : 42,6 Mb
Release : 2020
Category : Electronic
ISBN : 9087226543

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Tax Accounting by A.J. Bakker,Tjeerd van den Berg Pdf

Author : Nadin Schäfer
Publisher : GRIN Verlag
Page : 20 pages
File Size : 45,6 Mb
Release : 2005-12-21
Category : Business & Economics
ISBN : 9783638449748

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Deferred taxes in IAS 12 by Nadin Schäfer Pdf

Seminar paper from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,0, University of Applied Sciences Eberswalde, language: English, abstract: By writing this report I would like to introduce the reader into the topic of deferred taxes by using the International Accounting Standard 12. Therefore I would like to introduce you into the topic deferred taxes by giving you the theoretical basic concept of deferred taxes. The theoretical basic concept of deferred taxes should give you the idea and a definition of deferred taxes. Afterwards I would like to present the different causes for creating deferred taxes. The causes for creating deferred taxes will be emphasized by give examples. For a better understanding I would like to explain in the following the steps the methods of determination. You have to know that the IAS determines the deferred taxes by using the temporary concept. Because I would like to underline the differences I will present in short form the timing concept too. The temporary concept includes the timing and the temporary differences and excludes the permanent differences. Now we have to find a definition for each type of difference. If we know the idea of deferred taxes and we know how to determine them, we will be interested in the evaluation of deferred taxes. Therefore I will describe the liability method used by IAS and to show the differences I will describe the deferred method. For a better understanding I would like to conclude my report by giving the different way of calculation deferred taxes by using the deferred method and the liability method.

Author : A.J. Bakker,Tjeerd van den Berg
Publisher : Unknown
Page : 128 pages
File Size : 54,5 Mb
Release : 2020
Category : Electronic
ISBN : 9087226535

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Tax Accounting by A.J. Bakker,Tjeerd van den Berg Pdf

Author : Anna Harumova
Publisher : Cambridge Scholars Publishing
Page : 135 pages
File Size : 47,7 Mb
Release : 2017-01-06
Category : Business & Economics
ISBN : 9781443869270

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The Economic Function of Deferred Taxes by Anna Harumova Pdf

Deferred tax is an accounting category that forms part of tax expense and affects the reported amounts of profit after tax for businesses. This book explores the issue of deferred taxes at both the theoretical and practical levels, and investigates the financial aspects of such deferred taxes and their economic function in companies. In practical terms, it discusses specific circumstances leading to the creation of deferred tax and their economic function. The first chapter deals with regulatory issues concerning deferred taxes and accounting, specifically noting the accrual principle and different policies for charging, as well as the valuation of fair-value accounting. The second concentrates on such problems as changes in value based on depreciation, and changes in asset revaluation changes in long-term tangible and financial assets. This is followed by a chapter focusing on the problem of an effective income tax rate. The fourth chapter traces the specific practical use and form of economic functions of deferred taxes, and solves the problem of the equitable tax burden, as well as the distribution of this burden when changing the tax rate. Overall, the book defines, analyses, synthesises and compares current methods and the role of deferred taxes in the management of companies.

Author : Kees Camfferman,Stephen A. Zeff
Publisher : OUP Oxford
Page : 702 pages
File Size : 43,6 Mb
Release : 2007-03-08
Category : Business & Economics
ISBN : 9780199296293

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Financial Reporting and Global Capital Markets by Kees Camfferman,Stephen A. Zeff Pdf

A detailed and scholarly historical study of the International Accounting Standards Committee (IASC), which prepared the way for the International Accounting Standards Board (IASB). The IASB holds the dominant influence over the financial reporting of thousands of listed companies in the European Union as well as in many other countries.

Author : International Accounting Standards Board
Publisher : Unknown
Page : 32 pages
File Size : 49,7 Mb
Release : 2004
Category : Assets (Accounting)
ISBN : CORNELL:31924098332475

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IFRS 5 by International Accounting Standards Board Pdf

Author : Andreas Krimpmann
Publisher : John Wiley & Sons
Page : 869 pages
File Size : 44,8 Mb
Release : 2015-06-02
Category : Business & Economics
ISBN : 9781118751411

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Principles of Group Accounting under IFRS by Andreas Krimpmann Pdf

A professional perspective to implementing IFRS 10, 11, and 12 The new International Financial Reporting Standards (IFRS) 10, 11, and 12 are changing group accounting for many businesses. As business becomes increasingly global, more and more firms will need to transition using the codes and techniques described in Principles of Group Accounting under IFRS. This book is a practical guide and reference to the standards related to consolidated financial statements, joint arrangements, and disclosure of interests. Fully illustrated with a step-by-step case study, Principles of Group Accounting under IFRS is equally valuable as an introductory text and as a reference for addressing specific issues that may arise in the process of consolidating group accounts. The new international standards will bring about significant changes in group reporting, and it is essential for accountants, auditors, and business leaders to understand their implications. Author Andreas Krimpmann is an internationally recognized authority on the transition from GAAP to IFRS, and this new text comes packaged with GAAP/IFRS comparison resources that will help make the changes clear. Other bonus resources include an Excel-based consolidation tool, checklists, and a companion website with the latest information. Learn about: Definitions, requirements, processes, and transition techniques for IFRS 10, 11, and 12 covering group level accounting Practical implementation strategies demonstrated through a clear case study of a midsize group Key concepts related to consolidated financial statements, joint ventures, management consolidation, and disclosure of interests Comparisons between GAAP and IFRS to clarify the required changes for international firms Whatever stage of the consolidation process you are in, you will appreciate the professional perspective in Principles of Group Accounting under IFRS.

Author : International Accounting Standards Board
Publisher : Unknown
Page : 56 pages
File Size : 46,9 Mb
Release : 2004
Category : Accounting
ISBN : CORNELL:31924098370921

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IFRS 2 by International Accounting Standards Board Pdf

Author : Ernst & Young LLP
Publisher : John Wiley & Sons
Page : 6661 pages
File Size : 42,9 Mb
Release : 2017-12-19
Category : Business & Economics
ISBN : 9781119463733

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International GAAP 2018 by Ernst & Young LLP Pdf

The essential guide to practical IFRS implementation, updated for 2018 International GAAP 2018 is the definitive reference for IFRS application around the world. Written by the expert practitioners at Ernst & Young, this invaluable resource provides both interpretation and practical implementation guidance for anyone applying, auditing, interpreting, regulating, studying, or teaching IFRS. Specific instruction written from a global perspective provides clarity on complex issues, and coverage of the latest changes ensures that you will apply the most current standards appropriately and effectively. Worked examples provide answers at a glance, and hundreds of illustrations from major companies’ financial reports demonstrate IFRS implementation and bring technical concepts to life. Countries around the world have adopted the International Financial Reporting Standards (IFRS), and in the US, foreign private issuers are allowed to report under IFRS without reconciling to US GAAP. This book provides the essential information practitioners need to correctly understand and apply these standards, using a clear, consistent approach to resolving global financial reporting issues under IFRS in real-world scenarios. Updated and expanded for 2018, this new edition allows you to: Get up to date on the newest amendments and interpretations issued in the past year Examine implementation issues caused by widespread adoption of IFRS 9, IFRS 15, and the upcoming adoption of IFRS 16 in 2019 Understand the new insurance contract standard IFRS 17, which solves the comparison problem of IFRS 4 Gain clarity and insight on practical matters involved with IFRS implementation This three-volume set provides the depth and breadth of coverage necessary, with financial instruments covered separately for greater ease of navigation. As the world’s most comprehensive reference for IFRS implementation, International GAAP 2018 is the resource no practitioner, regulator, student, or researcher should be without. For further information on the various digital versions which are available for this material please visit www.wileyigaap.com

Author : International Accounting Standards Board
Publisher : Unknown
Page : 84 pages
File Size : 43,6 Mb
Release : 2004
Category : Business
ISBN : CORNELL:31924098332418

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IFRS 3 Business Combinations by International Accounting Standards Board Pdf

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 45,9 Mb
Release : 1995
Category : Electronic
ISBN : OCLC:233106005

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תולדות משפחת כהן by Anonim Pdf

Author : BPP Learning Media
Publisher : BPP Learning Media
Page : 177 pages
File Size : 52,7 Mb
Release : 2016-02-01
Category : Business & Economics
ISBN : 9781472746856

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ACCA P2 Corporate Reporting (International) by BPP Learning Media Pdf

BPP Learning Media's status as official ACCA Approved Learning Provider - Content means our ACCA Study Texts and Practice & Revision Kits are reviewed by the ACCA examining team. BPP Learning Media products provide you with the exam focussed material you need for exam success.

Author : John R. Graham,Jana S. Raedy,Douglas A. Shackelford
Publisher : Now Pub
Page : 176 pages
File Size : 47,8 Mb
Release : 2012-11-09
Category : Business & Economics
ISBN : 1601986122

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Accounting for Income Taxes by John R. Graham,Jana S. Raedy,Douglas A. Shackelford Pdf

Accounting for Income Taxes is the most comprehensive review of AFIT research. It is designed both to introduce new scholars to this field and to encourage active researchers to expand frontiers related to accounting for income taxes. Accounting for Income Taxes includes both a primer about the rules governing AFIT (Sections 3-4) and a review of the scholarly studies in the field (Sections 5-8). The primer uses accessible examples and clear language to express essential AFIT rules and institutional features. Section 3 reviews the basic rules and institutional details governing AFIT. Section 4 discusses ways that researchers, policymakers, and other interested parties can use the tax information in financial statements to better approximate information in the tax return. The second half of the monograph reviews the extant scholarly studies by splitting the research literature into four topics: earnings management, the association between book-tax differences and earnings characteristics, the equity market pricing of information in the tax accounts, and book-tax conformity. Section 5 focuses on the use of the tax accounts to manage earnings through the valuation allowance, the income tax contingency, and permanently reinvested foreign earnings. Section 6 discusses the association between book-tax differences and earnings characteristics, namely earnings growth and earnings persistence. Section 7 explores how tax information is reflected in share prices. Section 8 reviews the increased alignment of accounting for book purposes and tax purposes. The remainder of the paper focuses on topics of general interest in the economics and econometric literatures. Section 9 highlights some issues of general importance including a theoretical framework to interpret and guide empirical AFIT studies, the disaggregated components of book-tax differences and research opportunities as the U.S. moves toward International Financial Reporting Standards (IFRS). Section 10 discusses econometric weaknesses that are common in AFIT research and proposes ways to mitigate their deleterious effects.