* home * register * search clear thinking‚ fresh views call us: +44 020 7253 7272 begin_of_the_skype_highlighting +44 020 7253 7272 end_of_the_skype_highlighting Home > Tax Insights > VAT > An introduction to VAT An introduction to VAT What is VAT? VAT is a tax chargeable on taxable supplies made in the UK by taxable persons. Credit is given for tax paid to other businesses and the net balance is payable or reclaimable - normally on a quarterly basis. Taxable
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COM 219 Section 17 2/4/2013 Get Prepared My Speech Regarding our introduction speech as my first formal one in front of the class‚ I felt so awkward that I forgot every details which we should pay attention to. First is the Eye Contact. There was a kind of hook that I can’t control myself from moving my sights out of the back row‚ where our professor sat. The second Delivery part is Vocal Pause which was my most serious issue during all the speech. Words just went out of my mind since I wrote
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Origins All types of businesses‚ whether service‚ manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚
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The role of accounting is to allow business owners to make informative decisions. The main objectives of accounting are to maintain a record of business transactions‚ calculate profit and loss and depiction of financial position. Recording business transactions accurately is essential in accounting. If proper and complete records are kept‚ it will make it easier to find and correct any errors made. Different officials can also use records for different decision-making purposes. A balance sheet
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something‚ yet cannot pinpoint what that something is. Hopefully by the end of this course I will have a better outlook and idea of what that thing is.References Chaffee‚ J. (2013). The Philosopher ’s Way: Thinking Critically About Profound Ideas (4th ed.). Upper Saddle River‚ NJ: Pearson Education‚ Inc. Stanford Encyclopedia of Philosophy. (2014). Retrieved from http://plato.stanford.edu/entries/metaphysics/ Panikkar‚ R. (2000). Religion‚ Philosophy & Culture. Retrieved from http://them.polylog
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Chapter 8 Activity-Based Costing: A Tool to Aid Decision Making Solutions to Questions 8-1 Activity-based costing differs from traditional costing systems in a number of ways. In activity-based costing‚ nonmanufacturing as well as manufacturing costs may be assigned to products. And‚ some manufacturing costs—including the costs of idle capacity—may be excluded from product costs. An activity-based costing system typically includes a number of activity cost pools‚ each of which has its
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in the future. The accounting period of the business would be continuing as usual until the business is officially shut down due to bankruptcy. The time interval concept means the business life of all the company has to separate similarly into the same accounting period. CITATION woo12 \l 17417 (Wood & Sangster‚ 2012) For example‚ the accountants of the companies need to
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WEEK 9 Introduction to GST * A goods and services tax (GST) was introduced into Australia on 1 July 2000 * It is a tax levied at the rate of 10% on the supply (sale) of most services and goods * Business registered under the GST legislation collect the tax on behalf of the Australian tax office (ATO) and remit the amounts collected to the ATO at regular intervals * Business are allowed to offset and GST they pay on buying services and goods against the GST collected on supplies
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comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310. Course Goals/Objectives This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to: • provide a more extensive understanding of financial accounting principles and procedures
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Introduction It is a requirement that‚ if an entity is defined as a reporting entity‚ it is required to release financial reports that comply with the Australian Accounting Standards Board (AASB) (Deegan 2008:83). Two companies have been chosen to analyse their reports‚ in particular the disclosures made in their respective reports. The two companies chosen to analyse are Commonwealth Bank of Australia (CBA) and Macquarie Bank Limited (MBL). CBA The Commonwealth Bank is one of Australia’s
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