To some complex aspects of financial and tax accounting for transactions with fixed assets

2019 ◽  
Vol 22 (10) ◽  
pp. 1111-1123 ◽  
Author(s):  
T.Yu. Serebryakova ◽  
Keyword(s):  
Fixed Assets ◽  
Tax Accounting

Accounting for amortized items of fixed assets after modernization

2020 ◽  
pp. 7-13
Author(s):  
Elena Nikolaevna Dombrovskaya
Keyword(s):  
Public Sector ◽  
Regulatory Framework ◽  
Fixed Assets ◽  
Public Sector Organizations ◽  
Ministry Of Finance ◽  
Commercial Organizations ◽  
Tax Accounting

The article discusses the features of accounting and tax accounting of fully amortized fixed assets after modernization. Based on the analysis of the current regulatory framework, the procedure for accounting for modernization costs, as well as features of calculating depreciation amounts for these objects, is considered. The specifics of accounting for self-classified objects are considered in relation to commercial organizations and public sector organizations. The taxation mechanism is presented taking into account the current regulatory framework, explanations contained in the letters of the Ministry of Finance, including the letter of the Ministry of Finance dated 13.07.2020 no. 03–03–06/1/60600.

Features of the Audit of Fixed Assets, Stocks and Administrative Expenses of the Organization — Participant in Competitive Procurement

Auditor ◽  
2020 ◽  
Vol 6 (1) ◽  
pp. 19-24
Author(s):  
Lyudmila Sotnikova
Keyword(s):  
Third Parties ◽  
Third Party ◽  
Party Organizations ◽  
Tangible Assets ◽  
Fixed Assets ◽  
Time Gap ◽  
Administrative Expenses ◽  
Material Values ◽  
Specialized Organization ◽  
Tax Accounting

Th e article is devoted to the issues of refl ection in accounting and tax accounting of the remuneration of a specialized organization that is part of the Group of Companies, which provides for all other companies in this group to organize and conduct competitive purchases of material values and services of third-party organizations for them, which, according to the management of the Group, should be included in the value of acquired tangible assets and services of third parties, despite the signifi cant time gap between the recognition of the amount of remuneration and taking into account purchased material values and services of third parties.

scholarly journals QUESTIONS THAT ARE ARRANGED WHEN CARRYING OUT THE EXAMINATION ON DOCUMENTAL CONFIRMATION OF THE FAILURE OF COMBUSTIBLE MATERIALS.

2019 ◽  
Vol 20 (2) ◽  
pp. 378-392
Author(s):  
T. Мarchenko
Keyword(s):  
Modern World ◽  
Documentary Evidence ◽  
Regulatory Document ◽  
Fixed Assets ◽  
Business Entities ◽  
Definition Of ◽  
Material Values ◽  
Responsible Person ◽  
Tax Accounting

 One of the most important tasks of economic expertise in the study of accounting, tax accounting and reporting documents, which are established by the Scientific and Methodological Recommendations on the preparation and appointment of forensic examinations and expert studies, approved by order of the Ministry of Justice of Ukraine of October 8, 1998 № 53/5, is the definition of a documentary confirmation of the size of the shortage of fixed assets, material values, stocks, including the shortage of fuel and lubricants. The above regulatory document to the indicative list of issues addressed by this type of forensic examination included the following: - Is the shortage of fixed assets, material values, stocks (including fuel and lubricants) established by the inventory report at the enterprise (the name of the enterprise is indicated) documented for the period of the materially responsible person (the employee is indicated, the materially responsible person) in the amount of (indicate quantitative and value indicators) as of (date indicated)? In the modern world, business entities for conducting accounting and tax accounting, the preparation of documents using specialized software. Therefore, recently, a significant part of forensic economic examinations on the issue of confirming the shortage of fixed assets, material values, stocks, including fuel and lubricants, is appointed not only for properly prepared inventory materials and accounting records of a business entity provided for research to experts, but also by screenshots (snapshots of images on the screen of documents, programs, diagrams, etc.), which in their opinion may be documentary evidence of this s accounting and inventory results. The article describes an example of the question put to the study, provides an analysis of the current legislation of Ukraine on the correctness of the inventory of fuels and lubricants and the determination of the shortage, as well as an algorithm for conducting expert examinations as defined by the legislation of Ukraine. Analyzed the materials provided to the expert, which cannot be documented evidence of a shortage of fuel and lubricants.

scholarly journals Accounting and Tax Accounting of Fixed Assets, Intangible Assets and Depreciation for Development and Improvement of Approaches to Assessment of the Company's Assets

2019 ◽  
Vol 29 (1) ◽  
pp. 113-122
Author(s):  
Dalyan Odakhovskaya ◽  
Galina Pechennikova
Keyword(s):  
Intangible Assets ◽  
Economic Base ◽  
Initial Value ◽  
The Real ◽  
Fixed Assets ◽  
Different Types ◽  
The Cost ◽  
Real State ◽  
Taxable Profit ◽  
Tax Accounting

The article describes the method of accounting of fixed and intangible assets, as well as depreciation charges, in comparison of its different types, in particular accounting and tax accounting when receiving and forming the initial value of non-current assets, in their evaluation, flow and depreciation. The implementation of the described methods will give specialists an opportunity to streamline accounting and to eliminate the unnecessary and artificial discrepancy between accounting and tax accounting. All the data will be transparent and the cost and tax systems will function in compliance with common principles of accounting. Thus, the rules for accounting and tax accounting policies will become uniform. At the same time there will be no need to generate a far-fetched «taxable» profit, detached from the real economic base — accounting profit. It will be possible to tax real accounting profit generated on the accounts. The proposed methods of fixed and intangible assets accounting will reduce the cost of collecting information, it will also give an opportunity to evaluate the real state of non-current assets. The article provides recommendations on the approximation and improvement of accounting and tax accounting of fixed assets, intangible assets and depreciation.

scholarly journals Influence of depreciation calculation of fixed assets on the optimization of income tax

2018 ◽  
Vol 193 ◽  
pp. 05086 ◽  
Author(s):  
Irina Zaslavskaya
Keyword(s):  
Income Tax ◽  
Tax Burden ◽  
Initial Cost ◽  
Fixed Assets ◽  
Tax Benefits ◽  
Alternative Choice ◽  
Tax Accounting

The article explores the possibility of applying various approaches to the depreciation calculation in tax accounting, it takes into the account characteristics of depreciable assets, the establishment of various useful lives and methods for calculating depreciation. The article analyses the possibility of using an alternative choice of calculating depreciation in order to reduce the tax burden on the enterprise in terms of income tax. The attention is focused on the application of tax benefits established by the Tax Code. It can be used in calculating depreciation of fixed assets. The author deals with the main differences between the depreciation calculation of charges of fixed assets in accounting and tax accounting, she formulates the problems arising due to different approaches to the estimation of initial cost and depreciation calculation.

scholarly journals Accounting and tax accounting for the accrual of depreciation of fixed assets and ways of convergence

2021 ◽  
Vol 92 ◽  
pp. 02020
Author(s):  
Hafis Hajiyev
Keyword(s):  
Comparative Analysis ◽  
Economic Activity ◽  
Value Added ◽  
Economic Life ◽  
Financial Position ◽  
Accounting Principles ◽  
Fixed Assets ◽  
Other Comprehensive Income ◽  
Commercial Organizations ◽  
Tax Accounting

Research background: As you know, one of the main accounting principles that determine the methodology for assessing the facts of economic life is business continuity. Compliance with this principle by commercial organizations is associated with many factors, one of which is their ability to provide funding for the continuation and development of activities. Carrying out activities for the acquisition of new or modernization and technical re-equipment of existing fixed assets implies one-time cash costs. That is why one of the main sources of financing for updating and modernization and technical re-equipment of fixed assets is depreciation deductions. Depreciation deductions for fixed assets in accounting and tax accounting are calculated differently, which determines the relevance and need for a clear study of accounting procedures in the field of their accounting. Purpose of the article: The purpose of the article is to conduct a comparative analysis of the procedure for calculating and accounting for depreciation deductions for fixed assets in accounting and tax accounting and to study ways to bring them closer together. Methods: Methods of comparative analysis, induction and deduction were used in the article. Findings & Value added: The current rules for calculating depreciation deductions for fixed assets and their reflection in accounting and reporting do not provide a reliable reflection of the facts of economic activity of the enterprise. And this in turn leads to a misunderstanding by the respective users of the contents of the statement of financial position and the statement of profit or loss and other comprehensive income and the essence of depreciation itself.

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