TY  - BOOK
AU  - Bakker,Anuschka
AU  - van den Berg,Tjeerd
AU  - Janssen,Bart
TI  - Tax Accounting: Unravelling the Mystery of Income Taxes
SN  - 9789087223076
AV  - HF5681.T3 .B355 2015
U1  - 343.04 
PY  - 2015///
CY  - Amsterdam
PB  - IBFD Publications USA, Incorporated
KW  - International financial reporting standards
KW  - Electronic books
N1  - Intro -- Title Page -- Copyright Page -- Acknowledgements -- Foreword -- Table of Contents -- Chapter 1: Introduction to Tax Accounting -- 1.1. Introduction -- 1.2. Importance of accounting for income taxes -- 1.3. Primary tax accounting terminology -- 1.4. How are income taxes accounted for? -- 1.5. Other factors affecting tax reporting: Looking beyond the accounting requirements -- 1.5.1. Introduction -- 1.5.2. Non-regulatory pressure and other media coverage -- 1.5.2.1. Introduction -- 1.5.2.2. Corporate social responsibility -- 1.5.2.3. Fair share -- 1.5.2.3.1. Publish What You Pay -- 1.5.2.3.2. Non-governmental organizations -- 1.5.3. Regulatory changes and proposals -- 1.5.3.1. Introduction -- 1.5.3.2. Country-by-country reporting -- 1.5.3.2.1. The Extractive Industries Transparency Initiative -- 1.5.3.2.2. The US Dodd-Frank Act -- 1.5.3.2.3. EU directive on accounting and transparency -- 1.5.3.2.4. EU Capital Requirements Directive -- 1.5.3.2.5. OECD Guidelines -- 1.5.4. Conclusion -- 1.6. International Financial Reporting Standards -- 1.6.1. Introduction -- 1.6.2. Why are International Financial Reporting Standards developed? -- 1.6.3. The convergence project -- 1.6.4. What is the IASB? -- 1.6.5. The Board -- 1.6.6. IFRS Foundation -- 1.6.7. IFRS Foundation trustees -- 1.6.8. IFRS Foundation monitoring board -- 1.6.9. IFRS advisory council -- 1.6.10. IFRS Interpretations Committee -- 1.6.11. Accounting Standards Advisory Forum -- 1.6.12. Financial reporting standards -- 1.6.12.1. Introduction -- 1.6.12.2. The due process of IFRS -- 1.6.12.3. The due process of IFRIC interpretations -- 1.6.13. Conclusion -- Chapter 2: Definition of Income Taxes -- 2.1. Scope of IAS 12 -- 2.2. Income taxes in the statements and analysis -- 2.3. Income taxes -- 2.4. Specific forms of taxation -- 2.4.1. Income tax -- 2.4.2. Withholding tax; 2.4.3. Business tax -- 2.4.4. Tonnage tax -- 2.4.5. Mining tax -- 2.4.6. Interest payments and penalties -- 2.4.7. Alternative minimum taxes -- 2.4.8. Tax on value added -- 2.4.9. Tax beyond the scope of IAS 12 -- 2.5. Differences between IFRS and US GAAP -- Chapter 3: Book-to-Tax Differences: Permanent and Temporary -- 3.1. Introduction -- 3.2. Tax returns and financial statements -- 3.3. Adjustment of profit for tax purposes and the performance statements -- 3.4. Reconciliation of IFRS, national GAAP and group accounts -- 3.5. Manner of recovery of assets -- Chapter 4: Current Tax and Prior Year Adjustments -- 4.1. Introduction -- 4.2. The process -- 4.3. Calculate current tax for the year -- 4.3.1. Calculate taxable income for the year -- 4.3.2. Tax rates -- 4.3.3. Tax incentives -- 4.3.4. Uncertain tax positions -- 4.3.5. Tax loss carry-back claims -- 4.4. Calculate any prior year adjustments -- 4.4.1. Prior year adjustments -- 4.4.2. Change in accounting estimate vs. error -- 4.5. Reconcile tax accounts -- 4.5.1. Introduction -- 4.5.2. Balance sheet classification -- 4.5.3. Discounting -- 4.6. Conclusion -- Chapter 5: Deferred Taxes -- 5.1. Introduction -- 5.2. Overview of deferred tax assets and liabilities -- 5.2.1. Recognition -- 5.2.2. Measurement -- 5.2.3. Presentation -- 5.3. Practical approach to calculating deferred tax -- 5.4. Basic principles of carrying amount -- 5.5. Tax base as the basis for calculating deferred tax -- 5.5.1. Tax base of an asset -- 5.5.2. Tax base of a liability -- 5.5.3. Tax base of revenue received in advance -- 5.5.4. Uncertainty in determining the tax base -- 5.6. Tax base without a carrying amount -- 5.7. Calculate the temporary differences -- 5.7.1. Temporary difference -- 5.7.2. Taxable temporary differences -- 5.7.2.1. Assets -- 5.7.2.2. Liabilities; 5.7.2.3. Other examples of taxable temporary differences -- 5.7.3. Deductible temporary differences -- 5.7.3.1. Assets -- 5.7.3.2. Liabilities -- 5.7.3.3. Other examples of deductible temporary differences -- 5.7.4. Other examples of temporary differences -- 5.8. Recognition criteria and initial recognition exemptions -- 5.8.1. Initial recognition exemption -- 5.8.2. Initial recognition of goodwill exempted from deferred tax -- 5.8.3. Exemption from recognizing outside basis deferred tax -- 5.8.4. Exemption from recognition of deferred tax assets -- 5.9. Manner of expected recovery -- 5.9.1. Substantively enacted tax rates -- 5.9.2. Tax rates based on manner of recovery -- 5.9.3. Recovery of investment property -- 5.9.4. Different tax rates for levels of taxable profit -- 5.10. Reconcile movements in deferred tax balances -- 5.10.1. Disclosure of deferred tax movements -- 5.10.2. Accounting for a deferred tax movement -- 5.10.2.1. Deferred tax movements in the income statement -- 5.10.2.2. Deferred tax movements in other comprehensive income -- 5.10.2.3. Deferred tax movements in equity -- 5.10.3. Disallowance of discounting -- 5.10.4. Deferred tax on capital losses -- 5.11. Practical issues -- 5.11.1. Investment tax credits -- 5.11.2. Deferred tax on compound financial instruments -- 5.11.3. Divestments: Rollover relief -- 5.11.4. Intra-group transactions -- Chapter 6: Deferred Tax Asset Recognition -- 6.1. Introduction -- 6.2. Deferred tax assets -- 6.2.1. Relevant deferred tax assets and GAAPs -- 6.2.2. Recognizing a deferred tax asset -- 6.3. Deferred tax assets on unused tax losses and credits -- 6.3.1. Background -- 6.3.2. The threshold: "Probable" -- 6.3.3. History of recent losses -- 6.3.4. Convincing other evidence -- 6.3.5. Specific tax regimes -- 6.4. Tax rate to be used -- 6.5. Discounting -- 6.6. Netting -- Chapter 7: Tax Exposures; 7.1. Introduction -- 7.2. Basic theory and technical guidance -- 7.2.1. Identification of uncertain tax positions -- 7.2.2. Assessing probability (recognition) -- 7.2.2.1. Evidence to support recognition -- 7.2.2.1.1. Detection risk -- 7.2.2.1.2. Tax opinions and external evidence -- 7.2.2.1.3. Recognizing uncertainties related to valuation -- 7.2.3. Measuring risk -- 7.2.3.1. Measurement under US GAAP -- 7.2.3.2. Measurement under IFRS -- 7.2.3.3. Examples of US GAAP and IFRS recognition and measurement -- 7.2.3.3.1. Example of transfer pricing uncertain tax position -- 7.2.3.3.2. Binary tax position -- 7.2.4. Subsequent events -- 7.2.5. Effective settlement -- 7.2.6. Interest and penalties -- 7.2.6.1. Accounting policy election under US GAAP -- 7.2.6.2. Accounting policy election under IFRS -- 7.2.7. Financial statement disclosures -- 7.2.7.1. Reporting under US GAAP -- 7.2.7.1.1. Balance sheet classification -- 7.2.7.1.2. Disclosures reported at gross vs. net -- 7.2.7.1.3. Annual disclosures under US GAAP -- 7.2.7.1.3.1. Accounting policy on classification of interest and penalties -- 7.2.7.1.3.2. Total amount of interest and penalties recognized in the income statement and balance sheet -- 7.2.7.1.3.3. Reasonably possible significant changes expected within 12 months -- 7.2.7.1.3.4. Tax years still subject to examination by a major tax jurisdiction -- 7.2.7.1.3.5. Amount that would affect the effective tax rate -- 7.2.7.1.3.6. The gross tabular reconciliation of unrecognized tax benefits -- 7.2.7.2. Reporting under IFRS -- 7.3. Conclusion -- Chapter 8: Disclosure Notes -- 8.1. Introduction -- 8.2. Presentation versus disclosure -- 8.3. Presentation and disclosure requirements IAS 12 -- 8.3.1. Introduction -- 8.3.2. Presentation -- 8.3.2.1. Offsetting current taxes -- 8.3.2.2. Offsetting deferred taxes -- 8.3.2.3. Tax expense; 8.3.2.4. Exchange differences on deferred foreign tax liabilities or assets -- 8.3.3. Disclosure -- 8.3.3.1. Total tax expense (income) -- 8.3.3.2. Effective tax rate reconciliation -- 8.3.3.3. Tax rates -- 8.3.3.4. Tax via equity and other comprehensive income -- 8.3.3.5. Overview of tax losses/non-recognized deferred tax assets -- 8.3.3.6. Investments in subsidiaries, branches and associates and interests in joint arrangements -- 8.3.3.7. Deferred taxes -- 8.3.3.8. Discontinued operations -- 8.3.3.9. Income tax consequences of dividends -- 8.3.3.10. Business combinations -- 8.3.3.11. Future taxable income -- 8.3.3.12. Tax contingencies and events after the reporting period -- 8.4. Non-IAS 12 presentation and disclosure requirements -- 8.4.1. Introduction -- 8.4.2. IAS 1: Presentation of financial statements -- 8.4.3. IAS 7: Statement of cash flows -- 8.4.4. IAS 10: Events after the reporting period -- 8.4.5. IFRS 3: Business Combinations -- 8.4.6. IFRS 8: Operating Segments -- 8.5. Conclusion -- Chapter 9: Special Items -- 9.1. Introduction -- 9.2. Initial recognition -- 9.2.1. General rule of initial recognition -- 9.2.2. Mergers -- 9.2.3. Assets carried at fair value -- 9.2.4. Change in tax status of the entity -- 9.2.5. Migration of an entity -- 9.2.6. Subsequent changes in value: Impact on the initial recognition exemption -- 9.3. Outside basis differences -- 9.3.1. What is an outside basis difference? -- 9.3.2. Calculating deferred taxes on outside basis differences -- 9.3.2.1. Impact of local legal requirements -- 9.3.2.2. Impact of local tax treatment of the shareholder -- 9.3.2.3. Impact of tax treaties -- 9.3.3. Deferred tax assets in relation to unremitted retained earnings -- 9.3.3.1. Withholding taxes and deferred tax assets on unremitted retained earnings; 9.3.3.2. Impairment of investments and deferred tax assets on unremitted retained earnings
N2  - The book explains the essence of tax accounting and gives a detailed methodology to compute, determine and disclose the tax consequences in the financial statements of a company
UR  - https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=6176452
ER  -