Salary Receptionist Australia | Australian Receptionist Salaries. Average Receptionist Salary / Wages. Salary and pay information for receptionists is compiled regularly by analysis of Australian jobs advertised in major publications. Salaries are annual unless otherwise stated. The Australian and New Zealand Standard Classification of Occupations Codes (ANZSCO) are 542111 for receptionists (general), 542112 for admissions clerks and 542113 for hotel or motel receptionists.
A valuation allowance is a balance sheet line item that offsets all or a portion of the value of a company's deferred tax assets because the company doesn't expect it will be able to realize this value. Sometimes, a company expects it will not be able to realize the benefits of its deferred tax assets. For example, If a company loses $10 million, it would record a deferred tax asset representing the decrease in taxes on its next $10 million in earnings.
For example, an Net Operating Loss (NOL) carry-forward is worthless if the firm does not expect to have positive taxable income for the next 20 years. Since accounting is conservative, firms must reduce the value of their deferred tax assets by a deferred tax-asset valuation allowance. This is a contra-asset account CR (credit) balance on the balance sheet - just like accumulated depreciation or the allowance for uncollectible accounts) that reduces the deferred tax asset to its expected realizable value. Increasing the valuation allowance increases deferred income tax expense; decreasing the allowance does the opposite. Changes in the allowance affect income tax expense. Although the need for an allowance is subjective, its existence and magnitude reveals management's expectation of future earnings.