adjusting accounting profit to arrive at tax profit

Rrafapak5y ago

Dear Chris I would like to learn how to adjust accounting profit to arrive at tax profit. Do you remember in which section of ACCA course on opentuition this can be found ? Is it in financial reporting section ? Is it in taxation section ? Please, let me know

PP2-D2Tutor5y ago#1

Hi, There is no particular section of any material that is dedicated to this. Essentially you are just rearranging the figures from the statement of profit and loss and working backwards from the profit for the year figure to the profit before tax figure. PBT less Income tax expense = PFY You can then rearrange this so that, PBT = PFY plus Income tax expense Thanks

Rrafapak5y ago#2

thanks