ANALYSIS OF THE RECONCILIATION OF THE ACCOUNTING RESULT WITH THE FISCAL RESULT. CASE STUDY: THE COMPANY “MACOM UNIREA” SRL HUNEDOARA

Abstract

By the present paper, the authors aim to analyze the reconciliation between the accounting result and the fiscal result obtained by a company of the Romanian national economy. Based on an empirical study, this analysis aims to determine the taxable profit for the period 01.01.2013-31.12.2015, during which we determined the tax refunds and non-refundable expenses through the prism of the influence of taxation – as a lever stimulating the activity of the company, but also constraining it, reflected in the adjustments made on the accounting result in order to obtain the taxable result[2,3]. Taxation acts in the sense of stimulating the investment activity on the level of the company, which highlights the dual character of taxation: on the one hand, it materializes in obligatory taxes paid to the State which directly influence the result and the treasury of the company, and on the other hand the company can use the fiscal advantages to its benefit. The accounting result represents either the accounting profit before the final taxation, if the income is higher than the expenses, or otherwise the accounting loss before the final taxation.

Keywords

• fiscal analysis
• expenses
• accounting result
• fiscal result
• income.