response to questions from the Jan’ ’10 exam. 1bi) “Discuss the criminal liability of Ashok for the incident at the traffic lights.” * Identify and Define Ashok could be criminally liable for the common law offence of assault; an assault takes place when the defendant intentionally or recklessly causes the victim to apprehend immediate unlawful violence. * Explain Actus Reus and Mens Rea The actus reus of this offence is any act which causes the victim (v) to apprehend an immediate infliction
Premium Criminal law Causality Crime
ASSETS & LIABILITIES Asset is an item of value owned by the company. Assets can be tangible i.e. those which have some physical existence or can be intangible i.e. which do not exist in physical form but can be held in the form of contracts or rights. Assets are usually grouped in order of liquidity (ease of conversion to cash) on the balance sheet. Cash is therefore the most liquid of all assets. Assets can be classified as: 1.) Current Assets – Those assets that are expected to be converted to
Premium Balance sheet Generally Accepted Accounting Principles Asset
summarised in the table below: Type of risk Definition Example Liquidity The risk of not being able to pay back what you owe due to the inability to convert assets into cash quickly‚ without materially moving the price. Holding long-term property investments that cannot be converted into cash quickly to pay obligations as they fall due. Funding The risk of funding support not being met by investors or bankers. An existing financier (e.g. bank) withdraws its funding commitment
Premium United States dollar Forward contract Derivative
research made on online student registration used by different universities. It includes important aspects in online registration like online registration system‚ online registration course and others. This chapter contains collective ideas and views of different authors. Online Student Registration System An online student registration system streamlines the application‚ registration‚ and monitoring of students in a school or training institute. Why Use Online Registration? According to Morris Wall (1990)
Premium Education University
internal control over financial reporting c a S eS inc lu de d in t hiS Se ction 5 155 155 165 169 177 185 195 5.1 Simply Steam‚ Co. 5.2 Easy Clean‚ Co. . . . . . . . . . . . . . . . . . . . . . . . . . . . Evaluation of Internal Control Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Evaluation of Internal Control Environment . . . . . . . . . . . . . . . . . . . . . . . . 5.3 Red Bluff Inn & Café 5.4 St. James Clothiers Establishing Effective Internal
Premium Internal control Auditing Audit
last page‚ there are some general tips for evaluation. Note: These essays are for revision purposes giving suggestions for how to answer questions. Don’t try to pass them off as your own work. For more micro economic help. See also the Economics Revision Guide available at www.economicshelp.org/ Copyright © T.Pettinger 2011. All Rights Reserved (For single use license only) www.economicshelp.org Micro Economic Essays Market Structure 1. Discuss how firms within an oligopolistic
Premium Economics Monopoly Oligopoly
Contingent liabilities are possible future liabilities that will only become certain on the occurrence of some future events. A contingent liability is less certain than a provision‚ the latter is expected to recognize; however‚ a contingent liability might occur. An entity shall not recognize a contingent liability; nevertheless‚ the company should disclose it‚ as required by paragraph 86‚ unless the possibility of an outflow of resources embodying economic benefits is remote. Where an entity
Premium Balance sheet Debt Insurance
for the Uniform CPA Exam Published September 24‚ 2009 Read the Candidate Bulletin As a CPA Examination candidate‚ you are required to be thoroughly familiar with the entire examination journey – from the time you apply to take the examination until you pass all four sections. You must learn how the process works‚ what rules govern your progress‚ what requirements you have to meet‚ and what responsibilities you have as a candidate. The accountancy board in the state in which you have qualified
Premium Certified Public Accountant Association of Chartered Certified Accountants
the interests of all parties affected‚ not just one’s self-interest should be considered. * (2) Rights-based approach- individuals have certain rights and other individuals have a duty to respect those rights; should undertake actions only if it doesn’t violate the rights of any individual. * (3) Justice-based approach- concerned with issues such as equity‚ fairness and impartiality. An Overview of Ethics and Professionalism in Public Accounting * SEC- has legal authority to
Premium Certified Public Accountant Quality control Auditing
Limited Liability Company and Partnership Jasamine L. Stephens Finance for Decision Making FIN/419 October 10‚ 2011 Maria Johnson Limited Liability Company and Partnership Every business venture begins with a dream and a basic idea. Beginning a business is a decision that must be made by first deciding what type of entity to establish. There are several factors that need to be decided such as will the new business have one or multiple owners. The most common forms of a business
Premium Corporation Limited liability partnership Limited liability company