Election: Difference between revisions
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imported>Doug Williamson (Link with Determination page.) |
imported>Doug Williamson m (Categorise.) |
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== See also == | == See also == | ||
* [[Claims and elections]] | * [[Claims and elections]] | ||
* [[FVTOCI]] | * [[FVTOCI]] | ||
* [[Financial reporting]] | * [[Financial reporting]] | ||
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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).
