Klepar H. Accounting of business profit taxation

Object – the formation within the current system of accounting information about financial result of entity and their income taxation. Purpose – improvement of theoretical - methodological foundations and development of scientific and practical recommendations on accounting for income, expenses, including certain business transactions, and tax differences which can affect the value of the taxable profit of enterprises in various mechanisms of its definition. Methods – historical, logical, analysis, synthesis and generalization, induction, deduction, observation, comparison, analogies, modeling, elimination. Results – develop conceptual approaches and recommendations on the accounting of corporate income tax. Novelty – first based on the variants of tax calculations suggested by the author three functions of tax differences were defined; includes proposals as to improvement of the methodological principles of accounting as an information base for the calculation of taxable income as regards the revenue and inventories recognition, assets valuation, inventory results display; within the norms of Ukrainian tax and accounting law the possibility to plan taxes as one of the criteria for recognition of deferred tax assets was investigated. Introduced in the activity of LLC “Trade House Ukraine”, SE “Volovets WH”, LLC “Polymer Technika”, Main trade and export branch of PJSC “State Food and Grain Corporation of Ukraine”, LLC “CWS Ukraine”, LLC “Audit Company" DK-Zakhid”, LLC “Audit Company" DK-Ukraine” and the learning process of Ivan Franko National University of Lviv. Scope – activities of commercial enterprises on the common system of taxation.