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adjusting accounting profit to arrive at tax profit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › adjusting accounting profit to arrive at tax profit

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by rafapak.
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  • Author
    Posts
  • May 20, 2021 at 11:44 am #621193
    rafapak
    Member
    • Topics: 27
    • Replies: 30
    • ☆☆

    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

    May 22, 2021 at 9:27 am #621409
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6473
    • ☆☆☆☆☆

    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

    May 23, 2021 at 12:51 pm #621532
    rafapak
    Member
    • Topics: 27
    • Replies: 30
    • ☆☆

    thanks

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