On the need for the application and use of tax accounting and analysis and their methodological aspects

UDC 336.225.673

Authors

Abdykalykova T. N.
postgraduate student of the International University of Innovative Technology, Bishkek, Kyrgyz Republic

Abstract

The preparation of financial statements in accordance with international standards implies compliance with the fundamental rules that determine the general approach to the preparation and presentation of financial statements (1). It seems worthwhile to review these rules, as this will help to get a general idea of the principle basis for the application of international standards. First of all, it should be noted that the application of International Financial Reporting Standards is based on two principles: going concern and accrual. Under these conditions, this article discusses some aspects of the organization and maintenance of tax accounting and ways of further development. The author pays special attention to the issues of tax accounting of income and expenses and ways of their recognition. In order to take into account the facts related to tax liabilities, tax regulations require organizations to maintain tax records when calculating taxes. Meanwhile, the introduction of tax accounting did not eliminate, but significantly complicated the procedure for calculating and paying taxes, and led to excessive labor and financial costs for maintenance.

Keywords

Continuity principle, taxes, Tax research, financial reporting; accounting; tax accounting; income; expenses; tax liabilities.