International Financial Reporting Standards: A Practical by Hennie van Greuning

By Hennie van Greuning

Making use of overseas monetary Reporting criteria (IFRS) in a company state of affairs may have an important impact at the monetary effects and place of a department or a whole supplier. foreign monetary Reporting criteria: a pragmatic advisor supplies deepest ?– or public-sector executives, managers, or monetary analysts with no robust historical past in accounting the instruments they should perform discussions and judgements at the appropriateness or program of IFRS. every one bankruptcy summarizes a world monetary Reporting average, following a constant constitution: *Problems addressed through the IFRS *Scope of the traditional *Key suggestions and definitions *Accounting remedy *Presentation and disclosure *Financial research and interpretation Many chapters of the ebook additionally comprise examples that illustrate the sensible software of key innovations in a selected ordinary. Titled overseas Accounting criteria: a pragmatic consultant in its earlier variants, the ebook comprises the entire criteria issued by means of the foreign Accounting criteria Board (IASB) via 31 might 2004.

Show description

Read Online or Download International Financial Reporting Standards: A Practical Guide (World Bank Training) (World Bank Training Series) PDF

Similar accounting books

Advances in Accounting, Volume 21

Now in its twenty-first version, Advances in Accounting maintains to supply a big discussion board for discourse between and among educational and training accountants on problems with value to the way forward for the self-discipline. Emphasis is still put on unique observation, severe research and artistic learn - learn that supplies to substantively enhance our figuring out of economic markets, behavioral phenomenon and regulatory coverage.

International Financial Reporting Standards: A Practical Guide (World Bank Training) (World Bank Training Series)

Utilizing foreign monetary Reporting criteria (IFRS) in a enterprise scenario could have an important impact at the monetary effects and place of a department or a complete agency. foreign monetary Reporting criteria: a pragmatic consultant offers deepest ? – or public-sector executives, managers, or monetary analysts with out a powerful heritage in accounting the instruments they should perform discussions and judgements at the appropriateness or program of IFRS.

Asset Allocation Considerations for Pension Insurance Funds: Theoretical Analysis and Empirical Evidence

​The critical study target of the dissertation is to evaluate the suitability of Social liable Investments (SRIs) in addition to replacement investments for the strategic asset allocation of German Pension assurance money (Pensionskassen). utilizing a Vector blunders Correction version, we estimate the knowledge producing means of the underlying enter variables.

Extra resources for International Financial Reporting Standards: A Practical Guide (World Bank Training) (World Bank Training Series)

Sample text

50 + 25% × ($100,000 − $75,300). 00 Example 1-3. 50 Example 1-3. 53 percent) in these scenarios because the relatively large increase in deductions causes some of their income to be taxed in a lower tax rate bracket and the relatively large increase in income caused some of their income to be taxed in a higher tax rate bracket. Taxpayers often will face the same marginal tax rates for small changes in income and deductions. The marginal tax rate is particularly useful in tax planning because it represents the rate of taxation or savings that would apply to additional taxable income (or tax deductions).

Transfer Taxes Although they are a relatively minor tax compared to the income tax in terms of revenues collected, federal transfer taxes—estate and gift taxes—can be substantial for certain individual taxpayers and have been the subject of much debate in recent years. The estate tax (labeled the “death tax” by its opponents) and gift taxes are based on the fair market values of wealth transfers upon death or by gift, respectively. The estate and gift tax rates have traditionally been high (maximum tax rate through 2009 was 45 percent) compared to income tax rates and can be burdensome without proper planning.

Answer: No. The assessment was mandatory and it was paid to a local government. However, the third criterion was not met since the payment directly relates to a specific benefit (sewer service) received by the payees. For the same reason, tolls, parking meter fees, and annual licensing fees are also not considered taxes. HOW TO CALCULATE A TAX LO 1-3 In its simplest form, the amount of tax equals the tax base multiplied by the tax rate: Eq. 1-1 Tax = Tax Base × Tax Rate The tax base defines what is actually taxed and is usually expressed in monetary terms, whereas the tax rate determines the level of taxes imposed on the tax base and is usually expressed as a percentage.

Download PDF sample

Rated 4.74 of 5 – based on 10 votes