A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

Nabil Abd El Raouf Ebrahim

doi:doi:10.11648/j.ijafrm.20240903.13

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A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

Nabil Abd El Raouf Ebrahim^*

Published in International Journal of Accounting, Finance and Risk Management (Volume 9, Issue 3)

Received: 12 April 2024 Accepted: 13 June 2024 Published: 26 September 2024

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Abstract

International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.

Published in	International Journal of Accounting, Finance and Risk Management (Volume 9, Issue 3)
DOI	10.11648/j.ijafrm.20240903.13
Page(s)	104-123
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Impairment, International Accounting Standards (36), Model for Measuring, Tax Recognition

References

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APA Style

Ebrahim, N. A. E. R. (2024). A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. International Journal of Accounting, Finance and Risk Management, 9(3), 104-123. https://doi.org/10.11648/j.ijafrm.20240903.13

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ACS Style

Ebrahim, N. A. E. R. A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. Int. J. Account. Finance Risk Manag. 2024, 9(3), 104-123. doi: 10.11648/j.ijafrm.20240903.13

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AMA Style

Ebrahim NAER. A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. Int J Account Finance Risk Manag. 2024;9(3):104-123. doi: 10.11648/j.ijafrm.20240903.13

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@article{10.11648/j.ijafrm.20240903.13,
  author = {Nabil Abd El Raouf Ebrahim},
  title = {A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition
},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {9},
  number = {3},
  pages = {104-123},
  doi = {10.11648/j.ijafrm.20240903.13},
  url = {https://doi.org/10.11648/j.ijafrm.20240903.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20240903.13},
  abstract = {International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

AU  - Nabil Abd El Raouf Ebrahim
Y1  - 2024/09/26
PY  - 2024
N1  - https://doi.org/10.11648/j.ijafrm.20240903.13
DO  - 10.11648/j.ijafrm.20240903.13
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 104
EP  - 123
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20240903.13
AB  - International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.

VL  - 9
IS  - 3
ER  -

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Author Information

Nabil Abd El Raouf Ebrahim

High Institute for Computers, and Information Technology, Sherouk Academy, Cairo, Egypt

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Plain Text BibTeX RIS

APA Style

Ebrahim, N. A. E. R. (2024). A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. International Journal of Accounting, Finance and Risk Management, 9(3), 104-123. https://doi.org/10.11648/j.ijafrm.20240903.13

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ACS Style

Ebrahim, N. A. E. R. A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. Int. J. Account. Finance Risk Manag. 2024, 9(3), 104-123. doi: 10.11648/j.ijafrm.20240903.13

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AMA Style

Ebrahim NAER. A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition. Int J Account Finance Risk Manag. 2024;9(3):104-123. doi: 10.11648/j.ijafrm.20240903.13

Copy | Download

@article{10.11648/j.ijafrm.20240903.13,
  author = {Nabil Abd El Raouf Ebrahim},
  title = {A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition
},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {9},
  number = {3},
  pages = {104-123},
  doi = {10.11648/j.ijafrm.20240903.13},
  url = {https://doi.org/10.11648/j.ijafrm.20240903.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20240903.13},
  abstract = {International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - A Proposed Model to Measure the Impairment Value of Fixed Assets with the Need for Tax Recognition

AU  - Nabil Abd El Raouf Ebrahim
Y1  - 2024/09/26
PY  - 2024
N1  - https://doi.org/10.11648/j.ijafrm.20240903.13
DO  - 10.11648/j.ijafrm.20240903.13
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 104
EP  - 123
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20240903.13
AB  - International accounting standards require, in particular the impairment of (36) asset value standard No (31), re- evaluation of assets to display the value of fair value as the replacement value at the end of the period or fiscal year of the disclosure of assets, real value, the represent philosophy of accounting to relevant of different models to call the fair values, especially in case of using methodology - based pricing capital asset model. The researcher presented a model for measuring the impairment of the book value of assets form, which contributes to the measurement of accuracy of the fixed measurement of accounting income and taxable income help guide the preparation of financial statements in the presentation of fixed assets as fast as they converge with the fact that revenue and economic benefits of the asset in the financial period is ending. Because the accounting incases always different on taxable income for the application of the income tax act, although the act, to impose tax in net profit, which present the income statement prepared in accordance with the Egyptian accounting standards, but on grounds of maintaining the public revenues of ministerial decisions were issued contrary to that application and became the standard (31) can’t be applied when determining the tax base. Which led to a loss in its submission for income tax, which is a clear challenge, there is no application of some financial standards, which is what the researcher tried to show. He presented it to determine the tax impact of not applying the standard.

VL  - 9
IS  - 3
ER  -

Copy | Download