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General Issues Concerning the Reconciliation of the Accounting Earnings with the Taxable Earnings

Author

Listed:
  • Paliu - Popa Lucia

    (“Constantin Brâncuºi” University of Târgu Jiu)

  • Cosneanu Lavinia

    (Turceni Energy Complex)

Abstract

Deferred taxes came from the need to reflect the deferred debts or claims in the financial statements, in an entity's relationship with the state budget. [4] Given the complexity of the operations leading to temporary differences, in this article we will address general issues concerning the reconciliation of the accounting earnings with the taxable earnings in terms of accounting models. In order to develop accounting models, we will first clarify the tax matters that affect the entry in the accounts of deferred taxes, after which we intend to briefly present the entry in the accounts of two types of deferred taxes. Thus we can identify both the deductible temporary differences, which are indirectly involved in future net flows, by the fact that they reduce the tax due, as well as those directly involved in the net flows increase if the laws allow the recovery of tax losses from past profits.

Suggested Citation

  • Paliu - Popa Lucia & Cosneanu Lavinia, 2011. "General Issues Concerning the Reconciliation of the Accounting Earnings with the Taxable Earnings," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1578-1582, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1578-1582
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    Citations

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    Cited by:

    1. Nicolae Ecobici, 2017. "Determining Vat Pro Rate. Case Study At A Pawnshop In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 91-94, February.

    More about this item

    Keywords

    accounting earnings; taxable earnings; deferred tax; reconciliation; profit;
    All these keywords.

    JEL classification:

    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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