Order of forming of accounting of the income at the entity and the principles of their classification

O.U. Kogu1, B.B. Bekzatova

  • О. Ю. Когут Al-Farabi Kazakh National University

Abstract

The article considers the peculiarities of the enterprise income and accounting income. Revenuefrom sales of finished goods and goods purchased and services is determined by the cost of implementationprovided for in the agreement (contract) between the parties. In accounting, income is calculated asthe difference between income and expenditure determined in accordance with IFRS. Taxable income isthe sum of the yield (loss) for the period determined in accordance with the tax laws. The tax regulationsdiffer from the accounting requirements as a result there are differences in the definition of accountingincome and taxable income. emporary or permanent differences may arise when the amendments dueto changes in accounting policies or correction of fundamental errors made by adjusting the openingbalance of retained earnings.Key words: income and expenses, accounting profit, taxable income, temporary differences.
Published
2018-11-15
How to Cite
КОГУТ, О. Ю.. Order of forming of accounting of the income at the entity and the principles of their classification. The Journal of Economic Research & Business Administration, [S.l.], v. 120, n. 2, p. 305-310, nov. 2018. ISSN 1563-0358. Available at: <http://be.kaznu.kz/index.php/math/article/view/2502>. Date accessed: 10 dec. 2018.