Accrual principle in the recognition of expenses and income and income tax in a construction company in Arequipa

Abstract

Many companies tend to account only when there is documentation, which results in disarray, costs and unrealistic budgets. In this article, the accrual principle and income tax were related, variables that influence the accounting of many companies in the construction industry. The methodology used was quantitative and basic in nature, with a descriptive-correlational level of research. Since the subject to be studied was a construction company, data collection instruments such as the data observation sheet and the documentary and systematic analysis technique were used to record the data. According to the study, the relationship between the accrual principle and income tax is confirmed, the greater the recognition of income applying the accrual principle, the greater the income tax payment and the less application of the accrual principle, the lower the tax payment. to rent. The importance of the research is to consider the accrual principle in the recognition of income and expenses, in this way, obtaining reliable information, valuations, budgets, costs and especially for the transparent making of managerial and administrative decisions.