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- Title
ACCOUNTING TREATMENT OF DEFERRED INCOME TAXES ACCORDING TO THE REQUIREMENTS OF THE ROMANIAN ACCOUNTING REGULATIONS.
- Authors
Ovidiu-Constantin, Bunget; Alin-Constantin, Dumitrescu
- Abstract
Known as a debatable topic, the relationship between accounting and taxation still represents a field of convergence and divergence, of tolerance and intolerance. Therefore, the Romanian accountant is in permanent pursuit of quality accounting information and its impact on taxation. Currently, a great importance is granted to accounting judgements, and this is magnified by the fact that most fiscal contributions are based on accounting information. Deferred income taxes reconcile accounting profits with income taxes pursuant to the impact of temporary differences between the book value and tax value of assets and liabilities disclosed in the financial statements.
- Subjects
ACCOUNTING; BANK deposits; DEFERRED credit; LIABILITIES (Accounting); TAXATION; PUBLIC finance; FISCAL policy; REVENUE; ACCRUAL basis accounting
- Publication
Annals of the University of Oradea, Economic Science Series, 2008, Vol 17, Issue 3, p1040
- ISSN
1222-569X
- Publication type
Article