Tax loss carryforwards: valuation of deferred tax assets
In the article, a comparative analysis of modern approaches to the assessment of deferred tax assets recognized for tax losses is carried out. The ambiguity of tax losses as an object of accounting observation is substantiated. Positive and negative effects of tax losses that do not allow to objecti...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-03-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4194 |
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| author | A. A. Aksent’ev |
| author_facet | A. A. Aksent’ev |
| author_sort | A. A. Aksent’ev |
| collection | DOAJ |
| description | In the article, a comparative analysis of modern approaches to the assessment of deferred tax assets recognized for tax losses is carried out. The ambiguity of tax losses as an object of accounting observation is substantiated. Positive and negative effects of tax losses that do not allow to objectively qualify tax benefits as assets in accordance with conceptual criteria for their recognition are characterised. Prospective and retrospective factors for assessing the future recovery of deferred tax assets are presented. An example of accounting entries regarding recognition and recovery of tax losses using a valuation account is provided. The timing of prospective analysis is justified. Conservative and affirmative approaches to the assessment of tax losses in the financial accounting system are described. Based on the findings of the study, conclusions are given, and lines of future research are suggested. |
| format | Article |
| id | doaj-art-234e377bbbab4d959697381a4e156754 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2023-03-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-234e377bbbab4d959697381a4e1567542025-02-04T08:28:15ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-03-011111412210.26425/1816-4277-2023-1-114-1222686Tax loss carryforwards: valuation of deferred tax assetsA. A. Aksent’ev0Kuban State UniversityIn the article, a comparative analysis of modern approaches to the assessment of deferred tax assets recognized for tax losses is carried out. The ambiguity of tax losses as an object of accounting observation is substantiated. Positive and negative effects of tax losses that do not allow to objectively qualify tax benefits as assets in accordance with conceptual criteria for their recognition are characterised. Prospective and retrospective factors for assessing the future recovery of deferred tax assets are presented. An example of accounting entries regarding recognition and recovery of tax losses using a valuation account is provided. The timing of prospective analysis is justified. Conservative and affirmative approaches to the assessment of tax losses in the financial accounting system are described. Based on the findings of the study, conclusions are given, and lines of future research are suggested.https://vestnik.guu.ru/jour/article/view/4194deferred taxestax lossestax effectsvaluation allowancedeferred tax assets |
| spellingShingle | A. A. Aksent’ev Tax loss carryforwards: valuation of deferred tax assets Вестник университета deferred taxes tax losses tax effects valuation allowance deferred tax assets |
| title | Tax loss carryforwards: valuation of deferred tax assets |
| title_full | Tax loss carryforwards: valuation of deferred tax assets |
| title_fullStr | Tax loss carryforwards: valuation of deferred tax assets |
| title_full_unstemmed | Tax loss carryforwards: valuation of deferred tax assets |
| title_short | Tax loss carryforwards: valuation of deferred tax assets |
| title_sort | tax loss carryforwards valuation of deferred tax assets |
| topic | deferred taxes tax losses tax effects valuation allowance deferred tax assets |
| url | https://vestnik.guu.ru/jour/article/view/4194 |
| work_keys_str_mv | AT aaaksentev taxlosscarryforwardsvaluationofdeferredtaxassets |