VALUATION ALLOWANCE ON DEFERRED TAX ASSETS: PRACTICE OF REGISTRATION AND APPLICATION
A. A. Aksentiev
Kuban State University, Krasnodar, Russian Federation
Keywords: valuation allowance, earnings manipulation, accounting, deferred taxes, tax effects, accounting gaps
Abstract
The article analyzes international and Russian experience in the accounting of valuation allowances for deferred tax assets. The methodological aspects of the impairment procedure for deductible differences are specified, the criteria for assessing the adequacy of taxable income are summarized. The directions of the use of valuation allowance for the purposes of manipulating the financial result are disclosed. Primary and secondary distribution of tax effects, including in accordance with the concepts of their accounting, was characterized. Unresolved debatable problems of deferred tax accounting are characterized.
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