Election: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: linked pages.) |
imported>Doug Williamson m (Categorise.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 18: | Line 18: | ||
* [[IFRS: issues for the treasurer]] | * [[IFRS: issues for the treasurer]] | ||
* [[Tax computation]] | * [[Tax computation]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 12:45, 2 May 2018
1. Tax.
A formal choice communicated by a taxpayer to a tax authority, to use a particular (beneficial) tax rule.
2. Financial reporting.
A choice about an accounting treatment, which must be formally evidenced and will not normally be readily reversible.
For example, an election under IFRS 9 to classify certain items as Fair value through other comprehensive income (FVTOCI).
