POLICY DIFFERENCE of ACCOUNTING AND FISCAL
Reduction and Amortization
Many there is differences between policies of accounting and fiscal in the case of reduction, interalia:Practice of commercial accounting as has been studied at chapter before all about some reduction methods, that is:
a. Straight line
b. Accelerated
c. Aktivtas per unit
d. Type and Kelompok
But at fiscal accounting only be allowed two just methods of which can be applied that is: (1) diametrical ganis method and ( 2) declining balance method
( Accelerated).
Other difference between policies of accounting and fiscal in the case of reduction is determination when strarting of reduction. At commercial accounting of reduction dirnulai at the time of asset to start exploited and parsially as according to the duration asset exploiting, while based on reduction fiscal policy started at the time of year disbursement ( although its(the asset has not been exploited) and calculated in full annual. So at year-end fiscal policy become when determining, going away of asset at in the middle of the is not enabled considers reduction at part of the year for absense of parsial reduction.
Why should benefit and plant asset at policy of accounting is determined based on valuation of technical and also economic age, then re-is analyzed periodical and residual value is considered. While at fiscal policy a period of benefit is specified based on Decree of The Minister for Finance and residual value is not considered.
At policy of acquisition price accounting is price truthfully for coming asset and purchasing; fair price for asset obtained from exchanges of asset is not of a kind; free asset book value for asset coming from exchanges of conspecific asset; and market price for contribution asset. While at acquisition price fiscal policy is price truthfully for transaction that is is not its(the pu related parties; market price for transaction its(the pu related parties and transaction of conversion converts; other market price or rule by The Minister of Finance for asset for the agenda of spin-offs, resolving or amalgamation; value after revaluasi for asset revaluasi.
At policy of accounting is recognized [by] depletion jargon ( rational and systematic allocation of cost to obtain source of nature), but based on rational and systematic allocation fiscal policy from exploiting freehold asset cost to obtain of source of nature is done in the form of amortiasai) cought up with intangible asset).
Amortization at policy of accounting only be allowed applies straight-line method, while at amortization fiscal policy can be done by using two methods that is: ( 1) straight-line method and ( 2) declining balance method ( Accelerated). Hereinafter at accounting policy, goodwill as abstract plant asset of which cannot be identified specifically and is not locked out of company existence can amortization with a period of limited benefit ( maximum 40 years). In fiscal policy, because existence of goodwill cannot be dissociated with company existence of hence goodwill may not be amortization.
Leasing
Leasing gets the same treatment in policy of accounting and fiscal for leasing which included in category operating lessee. While for leasing is entering in categorizing capital lease to get different treatment between policies of accounting and fiscal policy.
At fiscal policy, lessee may not shrink its(the leasing plant asset, while at policy of plant asset accounting leasing can be shrunk by lessee. Besides installment payment leasing shrunk by lessee. Besides installment payment leasing ( either principal repayment and also interest) what paid or oweed to lessor in policy of principal deferred payment accounting considered as payment of debt leasing and its(the interest is cost ( expense).
Revaluasi Plant asset
At revaluasi plant asset clearly seen existence of difference between policies of accounting and fiscal. Policy of accounting doesn't allow existence of revaluasi plant asset. While at justiciable revaluasi fiscal policy as a mean to accomodates financial statements lebih/kurang saji in order not to and brings financial position to present value that is actually.
Besides in the case of reduction of asset revaluasi, according to policy of asset accounting revaluasi is shrunk based on rest of a period of the benefit and asset. But according to asset fiscal policy revaluasi is shrunk based on a period of the asset original benefit.
Conclusion
Between policies of accounting and fiscal many having difference of provisions in the reduction and amortization, leasing, and revaluasi plant asset. This more differences because of difference of intention of each the policy. Fiscal policy addressed to present information of taxation that is quickly, precise, and complete to administration of tax. Therefore, accounting appearance ( method, procedure and bookkeeping technique) hardly influenced by tax law. Besides purpose of policy pemajakan covers three aspects that is: ( a) allocation, ( b) shelf distribution, and ( c) stabilization.
In a word policy difference of accounting and fiscal in the case of reduction and amortization, leasing, and revaluasi plant asset seen like following:
1. Earnings pegging and load
2. Consistency
3. Conservatism
4. Substance overrules formal form
Suggestion
Policy difference of accounting and fiscal better be eliminated only, causing can water down taxpayer in carrying out bookkeeping, not necessarily make reconciliation of commercial financial statements and fiscal. So in carrying out bookkeeping to business activity for taxation enough using commercial accounting, which its(the policy has many applied as well as has had good cnkup presentation standard and reporting ( follows international standard).
With eliminating of this difference hence expected company to earn more efficiently in allocation of time for improvement of effort for company. Is meaning improvement of production ( tax object).
b. Accelerated
c. Aktivtas per unit
d. Type and Kelompok
But at fiscal accounting only be allowed two just methods of which can be applied that is: (1) diametrical ganis method and ( 2) declining balance method
( Accelerated).
Other difference between policies of accounting and fiscal in the case of reduction is determination when strarting of reduction. At commercial accounting of reduction dirnulai at the time of asset to start exploited and parsially as according to the duration asset exploiting, while based on reduction fiscal policy started at the time of year disbursement ( although its(the asset has not been exploited) and calculated in full annual. So at year-end fiscal policy become when determining, going away of asset at in the middle of the is not enabled considers reduction at part of the year for absense of parsial reduction.
Why should benefit and plant asset at policy of accounting is determined based on valuation of technical and also economic age, then re-is analyzed periodical and residual value is considered. While at fiscal policy a period of benefit is specified based on Decree of The Minister for Finance and residual value is not considered.
At policy of acquisition price accounting is price truthfully for coming asset and purchasing; fair price for asset obtained from exchanges of asset is not of a kind; free asset book value for asset coming from exchanges of conspecific asset; and market price for contribution asset. While at acquisition price fiscal policy is price truthfully for transaction that is is not its(the pu related parties; market price for transaction its(the pu related parties and transaction of conversion converts; other market price or rule by The Minister of Finance for asset for the agenda of spin-offs, resolving or amalgamation; value after revaluasi for asset revaluasi.
At policy of accounting is recognized [by] depletion jargon ( rational and systematic allocation of cost to obtain source of nature), but based on rational and systematic allocation fiscal policy from exploiting freehold asset cost to obtain of source of nature is done in the form of amortiasai) cought up with intangible asset).
Amortization at policy of accounting only be allowed applies straight-line method, while at amortization fiscal policy can be done by using two methods that is: ( 1) straight-line method and ( 2) declining balance method ( Accelerated). Hereinafter at accounting policy, goodwill as abstract plant asset of which cannot be identified specifically and is not locked out of company existence can amortization with a period of limited benefit ( maximum 40 years). In fiscal policy, because existence of goodwill cannot be dissociated with company existence of hence goodwill may not be amortization.
Leasing
Leasing gets the same treatment in policy of accounting and fiscal for leasing which included in category operating lessee. While for leasing is entering in categorizing capital lease to get different treatment between policies of accounting and fiscal policy.
At fiscal policy, lessee may not shrink its(the leasing plant asset, while at policy of plant asset accounting leasing can be shrunk by lessee. Besides installment payment leasing shrunk by lessee. Besides installment payment leasing ( either principal repayment and also interest) what paid or oweed to lessor in policy of principal deferred payment accounting considered as payment of debt leasing and its(the interest is cost ( expense).
Revaluasi Plant asset
At revaluasi plant asset clearly seen existence of difference between policies of accounting and fiscal. Policy of accounting doesn't allow existence of revaluasi plant asset. While at justiciable revaluasi fiscal policy as a mean to accomodates financial statements lebih/kurang saji in order not to and brings financial position to present value that is actually.
Besides in the case of reduction of asset revaluasi, according to policy of asset accounting revaluasi is shrunk based on rest of a period of the benefit and asset. But according to asset fiscal policy revaluasi is shrunk based on a period of the asset original benefit.
Conclusion
Between policies of accounting and fiscal many having difference of provisions in the reduction and amortization, leasing, and revaluasi plant asset. This more differences because of difference of intention of each the policy. Fiscal policy addressed to present information of taxation that is quickly, precise, and complete to administration of tax. Therefore, accounting appearance ( method, procedure and bookkeeping technique) hardly influenced by tax law. Besides purpose of policy pemajakan covers three aspects that is: ( a) allocation, ( b) shelf distribution, and ( c) stabilization.
In a word policy difference of accounting and fiscal in the case of reduction and amortization, leasing, and revaluasi plant asset seen like following:
1. Earnings pegging and load
2. Consistency
3. Conservatism
4. Substance overrules formal form
Suggestion
Policy difference of accounting and fiscal better be eliminated only, causing can water down taxpayer in carrying out bookkeeping, not necessarily make reconciliation of commercial financial statements and fiscal. So in carrying out bookkeeping to business activity for taxation enough using commercial accounting, which its(the policy has many applied as well as has had good cnkup presentation standard and reporting ( follows international standard).
With eliminating of this difference hence expected company to earn more efficiently in allocation of time for improvement of effort for company. Is meaning improvement of production ( tax object).
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