the examination hall. The Association of Chartered Certified Accountants FOR FREE ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com Paper F7 (INT) ALL FIVE questions are compulsory and MUST be attempted 1 On 1 October 2005 Pumice acquired the following non-current investments: – 80% of the equity share capital of Silverton at a cost of $13.6 million – 50% of Silverton’s 10% loan notes at par – 1.6 million equity shares in Amok at a cost of $6.25 each. The summarised draft
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only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper P7 (INT) Section A – BOTH questions are compulsory and MUST be attempted 1 You are a senior audit manager in Vegas & Co‚ responsible for the audit of the Grissom Group‚ which has been an audit client for several years. The group companies all have
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ACCA Paper P5 Advanced Performance Management Class Notes June 2011 © The Accountancy College Ltd‚ January 2011 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise‚ without the prior written permission of The Accountancy College Ltd. 2 Contents PAGE INTRODUCTION TO THE PAPER 5 FORMULAE & TABLES PROVIDED IN THE EXAMINATION
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Corporate code of ethics. Purposes A corporate code of ethics (sometimes contrasted with a professional code) has five general purposes. The first is communicating the organisation’s values into a succinct and sometimes memorable form. This might involve defining the strategic purposes of the organisation and how this might affect ethical attitudes and policies. Second‚ the code serves to identify the key stakeholders and the promotion of stakeholder rights and responsibilities. This may involve
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ACCA F3 FINANCIAL ACCOUNTING International Stream TUITION CLASS NOTES Appendix The following notes are suitable for both the international and UK streams. There will some terminology differences between the two streams. These are summarised below: |International |UK | |Statement of comprehensive income |Profit and loss
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Allowing for inflation and taxation Allowing for inflation As the inflation rate increases so will the minimum return required by an investor The nominal interest rate incorporates inflation. When the nominal rate of interest > rate of inflation = positive real rate. When the rate of inflation > nominal rate of interest = negative real rate. The relationship between real and nominal rates of interest is given by the Fisher formula: 1.2 Do we use the real rate or the nominal
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Teamwork Assignment 4 P7: Explain how team building leads to team cohesion in the public services‚ with reference to relevant theorists. Types of Team building activities: Paper-Based: For paper based activities you can either have disaster planning activities or logistics planning activities. For example a SWAT team discussing about how to extractna certain target from a secure place. The table top activity is effective as you can make detailed plans in a safe area and as there could be lives
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P2-q1a Convergence between IFRSs and US GAAP The IASB and the US Financial Accounting Standards Board (FASB) have been working together since 2002 to achieve convergence of IFRSs and US generally accepted accounting principles (GAAP). A common set of high quality global standards remains a priority of both the IASB and the FASB. In September 2002 the IASB and the FASB agreed to work together‚ in consultation with other national and regional bodies‚ to remove the differences between international
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Essentials - you must achieve all nine. | | | Performance Objective | Activity | Performance indicator | 1 Demonstrate the application of professional ethics‚ value and judgement | Example of relevant activities Keep up-to-date with all codes of conduct and professional standards. Provide a description of how you have dealt with situations where your professional ethics‚ values or judgement were challenged Discuss with others (e.g. your manager) how you would deal with situations which could
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SULTAN TAX ASSOCIATES TAX YEAR TAXATION OF WITHHOLDING TAX ON GOODS AND SERVICES 2012 WITHHOLDING TAX ON GOODS AND SERVICES TAX YEAR 2011 (1st July 2011 to 30th June 2012) [Provisions applicable w.e.f. 1.7.2011 onwards] 1) Section 153(1) of the Income Tax Ordinance‚ 2001 provides that every prescribed person making a payment in full or part including a payment by way of advance to a resident person or permanent establishment in Pakistan of a non-resident person: (a) (b) (c) for sale of goods;
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