2012 S1 115 financial reporting答疑讨论帖

cani123456

700是1000depreciation减tax300, realised profit net of tax. 7000是上年的不是要求的那年

Snowman930

哦，明白了，忘记年份上的问题了
我一开始感觉看MOUDEL 6 挺容易明白的，可一做sat的问题， 几乎都是错的，感觉问题出的都比较tricky，没有note里的那么直接，所以硬套journal entry 或公式是不行的。本来想moudel 4 看不明白就不纠结了，想直接总结一下硬套来的，可是现在看来是行不通的。顿时感觉压力好大啊

cani123456

4，6都不简单，还联系紧密，感觉都要很懂原理才能做对题

cathyruining83

How are you going with M6 Cani? (sorry at work, English only) You finish M6 and all the exercises yet?
I am doing 115 and 104 this semester and working four days per week, feel a bit struggling... BUT lucky of being able to discuss 115 with all you guys here... Love you guys...

cani123456

I just finished the SAT of module 6, and now analysing the answers.. I am also working as casual, three or four days per week..I am doing 118 and 115 too, same as you, I have to read another study guide...sigh..

cathyruining83

Poor thing... that 118 is a time consuming segment or not?? hard ? am considering what subjects to take next semester, well if I would be lucky enough to get passed these two on 2nd May first.....
I am reading M7 now, although just "kinda understand" what M6 talks about... Finished SAT yesterday, and bit confused... but whatever, need to move on. Still got 2Ms to go with my 104 tho....

cani123456

Is this the first semester for you too? 118 is not hard compared with 115, you do not need to think a lot, just read it, fairly quick...mostly profession codes thing..very boring though. There are only 5 modules, I still got one M to go~add oil lol!

cathyruining83

Yep, 1st semester..
Thanks for letting me know about 118. May take it next semester with FRM!
Add Oil!!!!~

cani123456

In 20X9, 是产生loss的年份，都没有profit, 又怎么需要recoupment of tax loss呢？？20X9的关键是在于如何recognise当年产生的那7000loss, 由于future taxable profit只有3000， 所以只能recognise3000的DTA了。你先弄懂X9的，我再解释下面的，不然无从解释。

cani123456

书上的解释你哪个不明白，因为prepaid expense是asset, 所有future taxable就是它的carrying amount就是它能带来的future benefits, 因为是cash basis, 所以付钱的当年就deduct过了，所以就没有future deductible了，你翻翻前面几页，我和小溪都有解释过关于prepaid expense.

cani123456

150000是aggregate taxable temporary difference, 130000是200000aggregate deductible temporary difference里的，70000 has been recognised in other comprehensive income, 所以130000是(200000-70000)recognised as income的部分

cani123456

第二年的记法，要解决这2800是对的，但journal的记法，对于800是dr DTA 800*0.3, 但对于2000，是recoupment of previously unrecognised tax loss, journal entry是按照P4.31表格里的第二个记的，至于为什么那样记，你看下面星号的注释就懂了，其实是两个journals的合并，也是要dr DTA的，只是合并后DTA就被抵消了。

至于Dr DTA 240和Cr DTL 240其实是两个entries的合并，entry 1: Deferred tax expense 240 Cr DTL 240, entry 2: Dr DTA Cr Deferred tax expense.

最后一年，另外,最后一年还有$1200块的loss没有recoupment,也没有记录这个部分的recoupment. 这个应该是省略了，应该是用我之前提到的P4.31table里的第二个entry记， Dr Deferred tax expense Cr Current tax income, 但myonlinelearning那边的facilitator有解答说这个省略了。

另外，为什么没有Dr DTA 210是因为所以的第一年产生的7000tax loss都已经在最后一年用完了啊！所以就无需再Dr DTA了，Dr DTA不是因为有DTL, 而是因为有tax loss.

不知道解释够不够清楚。

cani123456

ok, start M7, M1-6有问题欢迎提问！

cathyruining83

Got a question for M7: why is Depreciation expenses not included in costs to sell?

ahqin

我想请问一下你assets 和 liabilities里的 future taxable amount里的观点是不一样的吗？module 4很乱啊。。还有就是ias 12 的头的example为什么没有recognized 啊？
Illustration of paragraph 22 (c)  
One company plans to use a productive asset, whose cost has been 1,000, over its
useful life of five years and then sell it at a price of zero. The tax rate is 40%. The
depreciation of assets is not deductible for tax purposes. In making its sale, the capital
gain is not taxed, and if losses would not be deductible.  
As the company is recovering the amount of the asset, the company will get 1,000
taxable income and paid taxes by 400. The company has failed to recognize the related
deferred tax liability in the amount of 400 because it is derived from the initial registration
of the asset.  
The following year, the amount of the asset will be 800. As you are getting the taxable
income of 800, the company paid taxes worth 320. The company has not recognized the
deferred tax liability of 320 because it is derived from the initial registration of the asset.

cani123456

asset和liability的future taxable定义没有什么不一样，只是一般asset都有future taxable, 而liability一般没有future taxable, 一般只有future deductible, 因为liaiblity是future expense, 可是asset也有future deductible因为有depreciation.

这个就是个禁令，就像p4.23说的，那样的journal entry是prohibited的。但在initial recognition是有DTL产生的这种情况其实只发生在part/all of the depreciation is not deductible for tax purposes的情况下的。比如你说的情况，tax base of that asset = 1000+0-1000 = 0. 所以就有1000的taxable difference了，一般的asset如果全额都可以deductible的话，就是tax base = 1000+1000-1000 = 1000. 所以没有temporary difference on initial recognition.

ahqin

啊，谢谢~可是4.23里的两种情况
1） is not a business combination
2) at the time of the transaction, affects neither accounting profit nor taxable profit.
是什么时候发生的，有没有明确的例子？

还有就是deferred tax liability - prepaid 会出现的原因是因为他以后会generate profit,所以才会有dtl?

cani123456

Dtl会出现的原因是因为tax base小于carrying amount啊，就是照我列出的tax base的计算

cani123456

第一条module6才会讲到，我现在没有书，这两条前面那句是什么？

ahqin

因为prepayment rental expesnes的公式是这样的,比如是1,000
tax base = carrying amount  + future deductible amount - future taxable amount
    0      = 1,000 +0 - 1,000

carrying amount > tax base
DTL= 1,000
我不明白为什么会有1,000的DTL存在

ahqin

前面是说 deferred tax assets are not recognised when they arise from the initial recognition of an asset or liability in a transaction which.

还有一点想请问你。就是table 4.2 （pg4.28）里的他说 at the each of reporting period an entity is required to recognise a previously unrecognised deferred tax assets to the extent that it has become probable that future taxable profit will allow recovery of the deferred tax assets
根据这个例子，20Y0我还有15,000 x0.3 的DTA，可是20Y1我的tax income是NIL，可是如果到了20Y2我的taxable income 是 positive的，那我就要把recognised之前我的unrecognised DTA 4,500?是不是这种说法？

cani123456

按照公式，当asset的carrying amount大于tax base的时候，就有taxable difference产生，等于carrying amount减tax base的值，这是根据定义和公式的。prepayment是asset.

cani123456

你看了example4.3,4.4,4.5了吗？就是像examples阐述的那样。是比如20x1年有loss, 但20x2年没有足够taxable profit的话，20x1年就不能recognise DTA of the tax loss.

ahqin

哈哈，看了~刚才没有看到4.5就问了~有一点不明白trade receivable不是没有temporary taxable difference的吗？为什么它的还有DTL?
trade receivable = 100,000

Tax base = carrying amount + future deductible amount - future taxable amount
100,000 = 100,000 + 0 -0

cani123456

哪里说它有dtl?

ahqin

在question 4.5的时候，那个prepaid rent

cani123456

你看P4.27, they are taxable when cash is received, 所以future taxable不是0. 一般accrual basis才future taxable为0.

ahqin

那意思两个（ q4.5和 pg4.27)都有存在deferred tax?

cani123456

如果taxed on accrual basis就没有temporary difference, taxed on cash basis就有

ahqin

噢噢，那简单来说 pg4.17 the revenue relating to the accounts receivable has already been taxed是taxed on accrued basis对吗