accaf7财务报告incometaxes(编辑修改稿)

accaf7财务报告incometaxes(编辑修改稿)内容摘要：

e = Balance of DTA Item Carrying amounts / tax bases assets Prepaid expenses Future expenses Accrued revenues Nonfuture revenues liabilities Unearned revenues Future revenues Accrued expenses Nonfuture expenses Liabilities carrying amount tax base deductible TD tax rate = Balance of DTA carrying amount tax base taxable TD tax rate = Balance of DTL expenses =deductible items, revenues = taxable items Deferred tax liabilities • Full provision / No discounting • Accounting entry ① Dr. Ine tax expense Cr. Ine tax payable (current tax) ② Dr. Ine tax expense + Cr. Deferred tax liability (originate) ③ Dr. Deferred tax liability (reverse) Cr. Ine tax expense F7 21 Continued Relating to revaluations • Accounting entry ① Dr. Assets Cr. Revaluation reserve ② Dr. Revaluation reserve－ Cr. Deferred tax liability (originate) ③ Dr. Deferred tax liability (reverse) Cr. Revaluation reserve + F7 22 Presentation on FS On the SCI Ine tax expense Current tax X Origination of taxable td X Reversal of taxable td (X) X On the SFP •Equity – Revaluation reserve Revaluation surplus X Origination of taxable td (X) Reversal of taxable td X X •Noncurrent liability deferred tax liability Balance, b/f X Origination of taxable td X Reversal of taxable td (X) Balance, c/f X •Current liability Ine tax payable (current tax) F7 23 Example2, p401 Test 3, p402 Continued • Example 1 – A pany had $10000 profit before tax every year from Year1 to Year 4. – It acquired a machine costing $10000 at the beginning of Year1. Its useful life was 4 years, no salvage. The pany used the straight line method. – For tax purpose, the deductible amounts of depreciation were respectively $5000, $3000 and $2020 for Year 1 to Year3. The ine tax rate is 40%. Q: Presentation on the SCI and the SFP for 4 years. F7 24 类似 Test 2, p401 1 2 3 4 AP 10000 10000 10000 10000 . 2500 2500 2500 2500 (5000) (3000) (2020) TP 7500 9500 10500 12500 Current tax 3000 3800 4200 5000 Carrying amount 7500 5000 2500 Tax base 5000 2020 Temporary Dif. 2500 3000 2500 DTL 1000 1200 1000 ΔDTL 1000 200 (200) (1000) 如果不存在 over (under)provision, Balance of current tax等于 Δ current tax Continued 1 2 3 4 Ine tax expense 4000 4000 4000 4000 Deferred tax liabilities 200 1000 Ine tax payable 3000 3800 4200 5000 Deferred tax liabilities 1000 200 Continued 1 2 3 4 NCL DTL 1000 1200 1000 CL Current tax 3000 3800 4200 5000 Ine tax exp. Δ Current tax 3000 3800 4200 5000 ΔDTL 1000 200 (200) (1000) 4000 4000 4000 4000 Continued • Example 2 – A pany had $10000 profit before tax every year from Year1 to Year 3. – $1000 revenue was earned in Year 1 and received $400, $400 and $200 respectively from Year1 to Year3. – The revenue was taxable on a cash basis. The ine tax rate is 40%. Q: Presentation on the SCI and the SFP for 3 years. F7 28 Continued 1 2 3 AP 10000 10000 10000 . (1000) 400 400 200 TP 9400 10400 10200 Current tax 3760 4160 4080 Carrying amount 600 200 Tax base Temporary Dif. 600 200 DTL 240 80 ΔDTL 240 (160) (80) Continued 1 2 3 Ine tax expense 4000 4000 4000 Deferred tax liabilities 160 80 Ine tax payable 3760 4160 4080 Deferred tax liab。