USCPA知识点介绍:所得税分配
来源:
高顿网校
2015-11-13
所得税是税种之一类,按自然人、公司或者法人为课税单位。世界各地有不同的课税率系统,例如有累进税率也有单一平税率多种。高顿网校USCPA小编今天为大家介绍所得税分配的考点。
Income taxes allocation
Intraperiod:income taxes allocate to different lines of F/S,but in same year
Interperiod:income taxes allocate to different year.
Interperiod allocation prequel
Federal Tax purpose Income(TI)
Financial accounting Income(FI)
Normally TI≠FI
TI–FI=Difference
Difference=Permanent Diff+Temporary Diff
Temporary Diff CAUSE interperiod allocation.
Income taxes mainly allocate to Income Statement.
Income taxes may allocate to OCI and/or stockholder‘s equity.
Income taxes allocate to Continuing Operation is present separately.(in row)
Income taxes allocate to other items are net with those line.(in parenthesis)
Where does income tax go in intraperiod?
I/S+OCI+Equity
I/S=IDEA
OCI=PUFER
Equity=R.E+AOCI+……(5+1)
A.Objective
Q:Why need allocate income tax interperiod?
A:Matching
B. Difference
TI–FI=Difference
Difference=Permanent Diff+Temporary Diff
Permanent difference affect Current/ NOT Deferred
Temporary difference affect Deferred/NOT Current
C. Comprehensive Allocation
Temporary difference feature:TURN AROUND
Interperiod tax allocation is applied to all temporary differences
In F/S recognize DTL/DTA for temporary difference
Liability Method(Balance Sheet Approach)
D. Accounting for Interperiod Tax Allocation
Total Income tax expense=Current + Change in Deferred
Current= Current income tax payable on the corporate tax return(Form 1120)
Change in Deferred=End DTA/DTL-Beg DTA/DTL
For Permanent Difference
Affect only income per books or taxable income,but NOT both.
NEVER Turn around/Reverse
Only impact “Current” taxes
No Deferred Taxes
Examples:Municipal bond interest.
For Temporary Difference
Affect both income per books or taxable income.
Will Turn around/Reverse
Only impact“Deferred” taxes
No Current Taxes effect
B.Deferred Tax Liabilities and Assets RECOGNITION.
B1.Deferred Tax Liabilities (DTL)
DTL arise/RECONGNIZE when the amount of taxes paid in the current period LESS than the amount of income tax expense in the current period.
The 1st and 4th quadrant
B2. Deferred Tax Assets(DTA)
DTA arise/RECOGNIZE when the amount of taxes paid in the current period EXCEEDS the amount of income tax expense in the current period.
The 2nd and 3rd quadrant
B3.Valuation Allowance(Subsequent measurement)
MLTN:More Likely Than Not,greater than 50%
If it is MLTN that part or all of the deferred DTA will not be realized,a valuation allowance is recognized.
C.Uncertain Tax Positions
Firms often include an uncertain deduction or other favorable position in their tax return.
If the position is MLTN to be accepted or sustained upon audit,then income tax expense may be reduced for some or all of the benefit.
C1.Scope of Uncertain Tax Positions
A tax deduction
A decision to not file a tax return
An allocation or shift of income between jurisdictions
A decision to exclude reporting taxable income,in a tax return
A decision to classify transaction etc. as tax exempt.
C2.Two-step Approach
Step 1–Recognition of the Tax Benefit
If MLTN test failed,then NOT recognize tax benefit,and the F/S tax Expense is increased.
Step II–Measurement of the Tax Benefit
Recognize the largest amount of the tax benefit that MLTN of being realized upon ultimate settlement with the taxing authority.
D.Enacted Tax Rate
Measurement of deferred taxes is based on the applicable tax rate.
Use the tax rate in effect when temporary difference reverses itself.
E.Treatment of and Adjustment for changes
Changes are recognized in the period of change(enactment)(prospective)
F.Net Temporary Adjustment
Deferred Income Tax expense/benefit=Ending balance of DTL/DTA-Beginning balance of DTL/DTA
G.Balance Sheet Presentation
Rule1.Deferred tax items should be classified based on the classification of the related asset or liability for the financial reporting.(血统论)
Rule2.Deferred tax items not related to an asset or liability should be classified based on the expected reversal date of the temporary difference.(NOL)
Rule3.Current DTL net with current DTA;non-current DTL net with non-current DTA.(门阀制)
Rule4.Valuation allowance allocated pro rata
Net Operating loss carry back 2 years or forward twenty years.
A.Tax carryback create a tax benefit,and should be recognized in the period they occur.
B.If an operating loss is carried forward,the tax effects are recognized to the extent that the benefit is MLTN to be realized.
Valuation allowance may be necessary.
Dividend received deduction based on upon the percentage of ownership
0-19%,70% exclusion
20-80%,80% exclusion
Over 80%,100% exclusion
Temporary Diff=Undistributed Earnings X(1- DRD%)
A.Balance Sheet Disclosures
The components of a net DTL/DTA
The net change during the year in the total valuation allowance.
B.Income Statement Disclosures.
The amount of income tax expenses(or benefit)allocated to continuing operations and the amount separately allocated to other items must be deisclosed.
Current tax expense or benefit
A.Method
Asset and liability approach–balance sheet approach
B.Difference
Permanent
Temporary
DTL
DTA
Valuation Allowance
C.Measurement
Use applicable enacted tax rates
Classifiction
Balance Sheet Related
Classify according to the related asset or liability causing the temporary difference
Non-balance Sheet Related
Classify based upon the expected reversal or benefit period.
Netting/Offseting
Current(asset and liability)must be netted.
Noncurrent(asset and liability)must be netted.
高顿网校温馨提醒
USCPA-美国注册会计师,全球会计*9证,国内人才缺口25万,年薪40W起,如何成为全球财会精英?点击获取USCPA职业发展白皮书!
美国注册会计师精彩推荐: USCPA招生专题
USCPA考试常见问题解析
版权声明:本条内容自发布之日起,有效期为一个月。凡本网站注明“来源高顿教育”或“来源高顿网校”或“来源高顿”的所有作品,均为本网站合法拥有版权的作品,未经本网站授权,任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。
经本网站合法授权的,应在授权范围内使用,且使用时必须注明“来源高顿教育”或“来源高顿网校”或“来源高顿”,并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者,本网站将依法追究其法律责任。
本网站的部分资料转载自互联网,均尽力标明作者和出处。本网站转载的目的在于传递更多信息,并不意味着赞同其观点或证实其描述,本网站不对其真实性负责。
如您认为本网站刊载作品涉及版权等问题,请与本网站联系(邮箱fawu@gaodun.com,电话:021-31587497),本网站核实确认后会尽快予以处理。
在线咨询热销
专业老师服务 限时优惠
点一下领资料
USCPA教材试读-REG
真题高频考点,刷题全靠这份资料
下载合集
USCPA-REG学习思维导图
梳理核心考点,一图看懂全部章节
下载合集
USCPA考试公式大全
突破计算瓶颈,节省考试时间
下载合集
USCPA备考 热门问题解答
- 美国注会考试考多少分及格?
-
uscpa一共有四门科目,每门考试的满分为99分,75分及格,但是这个75不是75%的正确率,不能被理解为百分比。
- uscpa一共几门几年考完?
-
uscpa总共考4门,一般单科成绩的有效期为18个月,大家需要在这个有效期的时间内,通过剩余的三门科目,否则第一门通过的考试成绩就作废,需要重考。因此,uscpa考试周期最长为18个月。
- uscpa一年能考几次?
-
NASBA和AICPA开启了连续测试期后,大家可以不受限制的全年参加uscpa考试。在uscpa的考试成绩公布后,如果大家发现自己没有通过考试,能够马上申请并参加该门科目考试,也不用再等待下一个考季才能申请重考。
- uscpa的含金量如何?
-
uscpa是美国正式的注册会计师国家资格,在美国拥有审计签字权,作为美国财经领域的三大黄金证书之一,在国内外都有着很好的知名度。很多外企招聘财务经理或财务总监岗位,都将持有uscpa证书作为优先录用条件。
严选名师 全流程服务
其他人还搜了
热门推荐
-
AICPA该怎样备考?有没有什么资料推荐? 2023-08-29
-
USCPA的考试方式是怎么样的? 2023-07-18
-
uscpa网课有必要吗?零基础怎么学uscpa? 2023-05-05
-
2023年AICPA补学分怎么补 2022-12-29
-
AICPA考试的科目介绍是怎样的?考生应该怎样备考AICPA? 2022-07-26
-
AICPA报考对考生有什么要求?AICPA考试备考需要做什么? 2022-07-20
-
USCPA科目分别怎么备考?USCPA考前需要怎么做? 2022-07-20
-
USCPA考试科目着重考察什么?USCPA考试的题型分为哪几种? 2022-07-12
-
AICPA考试的内容有哪些?AICPA的备考方案是什么? 2022-07-07
-
怎样才能拿下USCPA考试?USCPA执照申请需要满足什么条件? 2022-07-07
-
USCPA具体的学习内容有哪些?学习USCPA如何利用好教材? 2022-07-06
-
USCPA考试对于国内考生的难点在哪?USCPA备考建议是什么? 2022-07-06
-
USCPA考试对于国内考生有什么难点?高效学习USCPA的方法是什么? 2022-07-05
-
USCPA考试考察的内容是什么?USCPA考试学习的建议有哪些? 2022-07-04
-
USCPA考试有什么内容?USCPA考试没通过心态如何调整? 2022-07-04
-
USCPA考试有什么内容?USCPA考试没通过心态如何调整? 2022-07-04
-
AICPA考试具体考察什么内容?应该怎么学习AICPA? 2022-06-22
-
USCPA考试难度在什么地方?有什么学习方法? 2022-05-30
-
USCPA考试哪一门最难?有什么学习方法? 2022-05-27
-
2022年USCPA备考有什么小技巧? 2022-05-27
-
USCPA考试是一个好考的考试吗? 2022-05-26
-
考USCPA怎么能提分? 2022-05-26
-
如何通过美国注册会计师考试? 2022-05-20
-
怎么在国内考AICPA? 2022-05-16
-
USCPA各科考试难度怎样? 2022-05-07
-
AICPA学习需要报培训班吗?培训有什么优势? 2022-03-23
-
2022年USCPA可以在哪些机构篇培训?靠谱吗? 2022-03-11
-
USCPA培训班哪个好?如何选择? 2022-03-10
-
USCPA选择哪里培训?选择培训需要考虑什么? 2022-03-09
-
UCPA该怎么选择培训班?哪里好? 2022-02-25