How to Calculate Assessable and Total Profit /Taxation & Advanced Tax

Описание: How to calculate Assessable profit and total profit | Taxation & Advanced Tax
​Struggling to differentiate between assessable profit and total profit in your tax computations? In this comprehensive masterclass, we break down the step-by-step process of converting accounting profit into tax-adjusted figures for both Skills level (TX) and Professional level (ATX) students.
​Understanding the core differences between Accounting Profit, Assessable Profit, and Total Profit is essential for passing your ACCA, CPA, or CA taxation exams. We cover everything from disallowable expenses and capital allowances to complex adjustments like group relief and loss set-offs.
​🕒 TIMESTAMPS:
​0:00 - Introduction: Why this is the #1 Exam Topic
1:15 - Part 1: Starting with Accounting Profit (The GAAP/IFRS base)
3:45 - Part 2: Adjusting for Disallowable Expenses (Depreciation, Fines, Entertainment)
6:30 - Part 3: Adding Non-Taxable Income & Capital Allowances
9:15 - CALCULATION: Arriving at Assessable Profit
12:40 - Part 4: Advanced Level: Adding Other Income (Gains, Interest, Dividends)
15:50 - Part 5: Deducting Reliefs & Losses to find Total Profit
18:20 - Summary Checklist for TX & ATX Students
​🎓 RECOMMENDED RESOURCEs
​Watch our playlist on Corporation Tax Adjustments: [Link]
​🔍 KEYWORDS & TAGS:
​#Taxation #AdvancedTax #AssessableProfit #TotalProfit #ACCA #CPA #TaxComputation #AccountingProfit #TX #ATX #FinanceExam #StudyTips #CorporationTax