ACCT90015 Legal Issues for Accountants Week 4 This Week Page Title / heading goes here Topics • What is a contract • Formation of a contract • Equitable estoppel Contract Page Title / heading goes here Meaning • An agreement that the law recognises as a contract Formation of a Contract Page Title / heading goes here Requirements • Offer • Acceptance • Consideration • Certainty of terms • Intention to create legal relations • Formalities Offer Page Title /
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duties of professional accountants Ethical principles of auditors Technical and ethical competence of auditors Essential disciplinary measures for auditors 2 Concept of a profession • Five attributes of a profession – a systematic body of theory – authority of professional bodies – community sanction for control over membership and accreditation – ethical codes – a professional culture 3 The duties‚ rights and values of a professional accountant • Duties to sustain a fiduciary
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Invaluable Service of Forensic Accountant Recently‚ during a regional seminar on forensic accounting‚ some of the accountants expressed their doubts about the role of Forensic Accountants in the assessment of the various types of insurance claims‚ and especially a business interruption claim. However‚ based on my experience‚ any dispute stemming from a business interruption claim is rare if good forensic accountants are involved. Their involvement at a very early stage of the claim has resulted
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CHAPTER 2: RELEVANT REVENUES AND COSTS The primary goal of a firm is to maximize profits. This implies‚ of course‚ that each decision a manager makes is consistent with that goal. Although managers are expected to rely on internally-produced reports‚ such as balance sheets and income statements‚ to help them make decisions‚ most of the information that appears on these statements is period-based rather than decision-based. A balance sheet shows the sum total of a firm’s assets and liabilities
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little change in the skills of the Management accountant but there has been massive changed in the business environment and this raised a lot of criticism. Although the skills of the management accountant have had to change in the past number of years‚ the traditional skills have become less central yet remain still important. A broader range of skills‚ not all purely accountancy related‚ have come into the skills portfolio of a management accountant. Yasin et Al 2005 presents the new skills
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Curtin University of Technology Metropolitan Campus Sem 2‚ 2012 Entrepreneurship 300 Literature Review Component 1: Opportunity Recognition Student Name: Mohd Fikri Bin Kamarudin Student ID: 15146339 Tutor ’s Name : Ms Nava Krishnan Day & Tutorial Time : Tuesday(12-4pm) Date Submitted : 14th August 2012 1.0 Introduction Entrepreneur and Company Background – Frezawa Engineering Sdn Bhd The entrepreneur that will be interview for this project is Mr Kurian Zachariah‚ founder of
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Keller‚ Inc. Imperative actions for company public relations and success Jessica Johnson November 25‚ 2010 COM/530 - Communications for Accountants Thornton Keller Keller Inc Announces CFO Resignation and SEC investigation Boise‚ ID‚ November 26‚ 2012‚ Keller Inc. (NASDAQ KIR)‚ a software development firm‚ announced today that Kathryn May‚ Keller‚ Inc.’s Chief Financial Officer‚ has notified the Company of her resignation. Ms. May’s unexpected resignation comes as a sad message
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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UNDERSTANDING THE REVENUE ALLOCATION FORMULA New Nigerian September 5‚ Daily Champion Sept.6‚ Daily Trust Sept.7‚ Leadership Sept. 7‚ Sunday Tribune Sept. 10‚ Daily Sun Sept 12‚ Vanguard Sept.15&10‚ Daily Independent October 4‚ 2006 It was my last official outing as Head of Public Relations at the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) when I joined other members of the Commission to the inauguration of a Special Committee on Revenue Allocation constituted by Federal
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“Thoughts” on Redistribution and Recognition The ideas of redistribution and recognition by Fraser‚ really intrigued me to further my thoughts on these concepts. Fraser explains that recognition can be a cultural group looking for recognition of difference whereas redistribution is classified as a transfer or reduction of socioeconomic classes. This made me wonder‚ does redistribution include a progression of taxes according to income? If this is true‚ I can see a strong indication of how this
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