| Abstract [eng] |
Financial and taxing accountings became two separate systems having different aims due to the nonconformities of regulations and different needs of information users. But, practically, one and the same enterprise cannot have a couple of accounting systems. While applying appropriate ways and methods of accounting, the enterprise should prepare accounting policy which combines the goals of financial and taxing accounting. Enterprises administering their accounting and preparing financial accountability follow the standards, while during calculation of taxable profit – they should not violate provisions of Corporation tax law. The major and distinctive features of financial and taxing accounting are as follows: financial accounting is meant for naming the financial state of the enterprise by using financial reports, while taxing accounting is intended for calculating the tax base and prove the correctness of tax sum. Activity results calculated in the financial and taxing accounting of the enterprise – are completely different things. They should not and cannot be identified. But, the differences of financial and taxing accounting should be properly showed during keeping of accounting. Research object: Financial and taxing accounting as two different systems and their compatibility. Goal. Prepare a compatibility model for financial and taxing accounting. The following tasks have been set to achieve this goal: • Stating the major regulations which should be followed while keeping accounting and while preparing financial accounting; • Analyze the concept of accounting policy and its aspects; • State the taxing accounting policy aspects and its parts; • Find out what were the reasons that the enterprise activity result in the financial accounting is not in conformity with the taxable result for the same period; • Name the major problems and tendencies emerging in the Lithuanian organizations due to the nonconformities of financial and taxing accounting; • After evaluating the research results, create an individual model of financial and taxing accounting compatibility. In order to evaluate the problems of combining the financial and taxing accounting, a research was made in 24 organizations. Research showed that the enterprise forms the policy of accounting as much as possible and they choose ways and methods of accounting which should be intended to calculating the tax base to determine the correctness of the sums payable. But it is incorrect to prepare the enterprise financial accountability appealing on the taxing rules, because shareholders and other users of financial accounting could not orient themselves what were the reasons for the enterprise to earn more or less profit. The paper consists of 3 parts, 49 pages, 10 pictures, 16 tables, 37 literature resources. |
