1. Distinction between income and capital S6-5 * A capital receipt is not ordinary income. E.g. tree producing fruits. If I sell tree and makes a profit‚ it is a capital receipt because it is the sale of the profit making structure. If sell fruits‚ that is ordinary income. 2. Ordinary income comes home to the recipient: Income must come in and derived from an external source. * Generally a saved outgoing cannot be ordinary income and the taxpayer cannot be the source of his/her own income:
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CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW Learning Objectives: 1. Distinguish between data and information‚ discuss the characteristics of useful information and explain how to determine the value of information 2. Explain what an accounting information system (AIS) is and describe the basic functions it performs. 3. Discuss why studying accounting information systems is important. 4. Explain the role an AIS plays in a company’s value chain and discuss
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Service Marketing This is a basic course in service marketing and vital for any hospitality industry programme. Synopsis: The subject discusses on service marketing‚ market planning‚ market segmentation‚ service marketing and relationship marketing‚ developing in effective service mission‚ positioning and differentiation of services‚ marketing plans‚ customer – focused service and market research. Objectives: At the end of the course‚ the student will be able to: 1. Understand the concepts of marketing
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Chapter 3 The Principle of Least Privilege- The Principle of Least Privilege is: The best balance between providing necessary access to authorized users and applications‚ and denying any unnecessary access. Provides just the necessary access required to carry out a task. The application of the principle of least privilege limits the damage that can result from accident‚ error‚ or unauthorized use. In windows the principle of least privilege is implemented at the user account level. In Microsoft
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Mrs Carpenter- Unit 1 Accounting Revision Notes: Purpose of Preparing Accounts: Accounting records all financial transactions that occur during a period of time‚ for example the financial year. This is necessary so that the owner can control their business and control how it is performing and use the accounts to make good business decisions. It also means that the owner can: * Provide records of information that is required by HM Revenue and Customers for tax purposes and VAT returns *
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CHAPTER 1 INTRODUCTION TO COST ACCOUNTING QUESTIONS 1. Management accounting stresses the informational needs of internal users over those of external users (the focus of financial accounting). Because of this perspective‚ management accounting provides information in a format that is flexible and relevant to a particular manager‟s usage. Financial accounting‚ on the other hand‚ must provide some uniformity in the manner in which information is presented for it to be comparable among companies and
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Legal Studies Meaning of Law Law can be defined as a set of enforceable rules of conduct which set down guidelines for relationships between people and organisations of society. Australia has a type of legal system known as ‘common law’. This system allows for laws to be made by judges when there is a lack of statute law (laws made by parliament). Parliament can also give authority to make laws to other bodies. Laws made by these bodies are known as ‘delegated legislation’ the most important feature
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BUSINESS ECONOMICS: ECON 545 Course Project: Part 1 Professor Robert Senn INTRODUCTION Based in recent surveys‚ reports show a trending decline on the rate at which physicians move. Statistically‚ this (may) suggest the economy is preventing or affecting physicians from frequent job changes‚ or retirement. According to survey results‚ the move rate was reported as follows: 18.2% in 2008‚ 15% in
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Course Name: Strategic Marketing and Research Course Code: MG525 Session 1 Session Name: Basics of Strategic Marketing Session 1: Basics of Strategic Marketing SESSION 1: OBJECTIVES: Identify the differences between strategic marketing and conventional marketing. Define marketing and comprehend its scope. Review some core marketing concepts. Identify how companies orient themselves for marketing. Define vision‚ mission‚ and goals in the organizational context. Apply strategic tools
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X Return earned on investments‚ $5‚000 per year X Problem 2-16 (20 minutes) Cost Behaviour To Units of Product Cost Item Variable Fixed Direct Indirect 1. Plastic washers used to assemble autos* X X 2. Production superintendent’s salary X X 3. Wages of workers who assemble a product X X 4. Electricity to run production equipment X X 5. Janitorial salaries X X 6. Clay used to make bricks X X
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