Differences between Ifrs and Tax Procedure Law

Üyelik
29 Kas 2010
Mesajlar
172
Dear Friends

Here I want to start a topic related to differences between IFRS and Tax Procedure Law

The first clause is as far as I know

Doubtful Trade Receivables

Tax Procedure Law - This receivables should be in claim or court progress for allocating provisions

IFRS-Company can make provisions for all receivables which thougt can not be collected

If you contribute to this subject I will be gladful

Thanks in advance
 
Üyelik
30 Ocak 2008
Mesajlar
740
Konum
İstanbul
Ynt: Differences between Ifrs and Tax Procedure Law

IAS 16

About Depreciation

43 Each part of an item of property, plant and equipment with a cost that is
significant in relation to the total cost of the item shall be depreciated separately.

48 The depreciation charge for each period shall be recognised in profit or loss
unless it is included in the carrying amount of another asset.

Depreciable amount and depreciation period

50 The depreciable amount of an asset shall be allocated on a systematic basis over its useful life.

51 The residual value and the useful life of an asset shall be reviewed at least at each
financial year-end and, if expectations differ from previous estimates, the
change(s) shall be accounted for as a change in an accounting estimate in
accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and
Errors.

60 The depreciation method used shall reflect the pattern in which the asset?s future
economic benefits are expected to be consumed by the entity.

61 The depreciation method applied to an asset shall be reviewed at least at each
financial year-end and, if there has been a significant change in the expected
pattern of consumption of the future economic benefits embodied in the asset,
the method shall be changed to reflect the changed pattern. Such a change shall
be accounted for as a change in an accounting estimate in accordance with IAS 8.
 
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