Election: Difference between revisions

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imported>Doug Williamson
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* [[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).


See also