税効果会計って何? 理屈を知れば超カンタン!!

[Correction] In the tax-effect accounting calculation example, the after-tax profit in the second fiscal period's P&L is incorrect as shown below. We will correct it. (Incorrect) After-tax profit: ¥850,000 (Correct) After-tax profit: ¥550,000 By reversing the deferred tax assets recorded in the first fiscal period, the following journal entry will be recorded. Adjustments for corporate taxes: ¥300,000 / Deferred tax assets: ¥300,000 We did not take this journal entry into account. We apologize and will make this correction. We believe that many people struggle with #tax-effect accounting, both in practice and for qualification exams such as the #BookkeepingCertificationExam and #CPAExam. Using actual numerical examples, we will explain why tax-effect accounting is necessary and how it affects the numbers. ① Introduction to Tax-Effect Accounting Why is the #corporatetaxadjustment recorded in the bonus provision? →Since it cannot be deducted for tax purposes (determined liability basis), it is recorded to bridge the gap between tax and accounting. ② The Difference Between #TemporaryDifferences and #PermanentDifferences and Specific Examples Why are bonus provision and retirement benefit provision subject to tax-effect accounting, but non-deductible entertainment expenses not? ③ Specific Examples of P&L and Schedule 4 How does recording the corporate tax adjustment reconcile the discrepancy between accounting and tax? ④ How is tax-effect accounting applied in practice? In practice, amounts subject to temporary differences are tallied at the end of the fiscal year, aggregated, and multiplied by the effective tax rate to calculate deferred tax assets. 5. Recoverability of Deferred Tax Assets and Tax Planning (Scheduling) Deferred tax assets cannot be recorded in all cases. They can only be recorded if the effect of reducing taxable income for the period when the difference is resolved is significant. As a result, it is necessary to consider whether taxable income will be generated in the future. This consideration is called tax planning. Based on tax planning, companies are classified into categories 1 through 5. If it is deemed that future taxable income will not be generated, deferred tax assets cannot be recorded, and the amount is called a valuation allowance. ◆📽️Video Contents◆ 0:00 Introduction 3:17 Overview of Tax-Effect Accounting 8:20 Target of Tax-Effect Accounting 13:28 Tax-Effect Accounting Calculation Examples 17:42 Practical Use (Reference) 28:29 Conclusion ◆Speaker◆ Harada Tax Accounting Office, Certified Public Accountant Corporation #CPA #TaxAccountant #Social Insurance and Labor Consultant Masamitsu Harada ◆Social Media◆ ✅Twitter ID: masaocpa   / masaocpa   📸Instagram ID: harahara0410   / harahara0410   ★Harada Accounting Group★ #Harada Tax Accounting Office, Certified Public Accountant Corporation https://www.harada-office.com/ #Social Insurance and Labor Consultant Corporation Office Trusty http://officetrusty.sakura.ne.jp/ #AkasakaMitsuke Established in 2017 for 40 years A professional group of tax accountants, certified public accountants, and social insurance labor consultants #Accounting Firm