|
Canada-0-ShoesRetail 회사 디렉토리
|
회사 뉴스 :
- 10. 6 Amounts from customers remitted to a third party - Viewpoint
Reporting entities often collect amounts from customers that must be remitted to a third party (for example, collecting and remitting taxes to a governmental agency) Taxes collected from customers could include sales, use, value-added, and some excise taxes
- GAAP Accounting and Revenue Recognition for Reimbursed Expenses
Revenue recognized from reimbursed expenses is typically subject to income tax, which can increase the company’s tax liability This necessitates careful planning to ensure that the company is not caught off guard by unexpected tax obligations
- Current Taxes Payable and Deferred Tax Assets and Liabilities - RSM US
financial statement income when revenue and expense transactions are recognized under tax laws in a different period than they are recognized under U S Generally Accepted Accounting Principles (U S GAAP) Additionally, some revenues are tax-exempt, and some expenses may not be deducted on a tax return
- Tax Consequences of Revenue Recognition Rules Under ASC 606 - EisnerAmper
Under the Act, revenue cannot be recognized for tax purposes in a period later than revenue is reported in the applicable financial statements with few exceptions Under ASC 606, revenue may be recognized in different amounts and or periods than under historical GAAP (ASC 605)
- Revenue accounting: Consideration payable to a customer - KPMG
Under both IFRS Accounting Standards and US GAAP, the ‘transaction price’ is the amount of consideration to which a company (vendor) expects to be entitled in exchange for transferring goods or services to a customer, excluding amounts collected on behalf of third parties − e g some sales taxes
- Under ASC 606 - Deloitte United States
To determine how the arrangement should be accounted for under the new revenue standard, the reporting entity should first consider whether the placement of equipment meets the definition of a lease under ASC 840 (current U S GAAP) and ASC 842 (future U S GAAP)
- Accounting for Income Taxes under ASC 740: An Overview
U S GAAP, specifically ASC Topic 740, Income Taxes, requires income taxes to be accounted for by the asset liability method The asset and liability method places emphasis on the valuation of current and deferred tax assets and liabilities
- 3. 6 Presentation of taxes collected from customers - Viewpoint
The revenue standards include a general principle that requires management to assess each type of tax, on a jurisdiction-by-jurisdiction basis, to conclude whether to net these amounts against revenue or to recognize them as an operating expense
- Revenue accounting: IFRS® Standards vs US GAAP - KPMG
How is IFRS 15 different from US GAAP? While both IFRS 15 and Topic 606 remain substantially converged, certain differences exist that can affect comparability Here we summarize what we see as the top 10 differences in revenue accounting and disclosures under IFRS Standards and US GAAP
- Revenue or Contra Expense - Proformative
In a normal professional services organization, where you are billing for both time on the one hand and reimbursable expenses (air fare, hotel, meals) on the other, you record the reimbursables separately as revenue and expenses, even if there is no margin
|
|