UNIVERSITY OF DHAKA Department of Accounting & Information Systems BBA Program A term paper on “Income tax calculation procedure of life insurance companies as per Income Tax Ordinance 1984” Submitted To: Dhiman Kumar Chowdhury Professor Dept. of Accounting & Information Systems University of Dhaka Submitted By: Md. Afzal Hossain BBA 12th Batch ID: 12094 Date of Submission: 22 August 2010. Chapter 01 Introduction It is a common knowledge that the true profit of
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Accrual Method Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? With accrual accounting it is easy to recognize when revenues are earned and expenses are incurred. Under the cash accounting method an non profit agency would not have any revenues because everything is recorded on a cash in and cash out transactions under cash accounting. There is never any
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statements are the final product of accounting process. Income statement provides data for investment and other decisions. The net income is essentially the common income statement form‚ consisting of classifications such as income from continuing operations‚ discontinued operations‚ extraordinary items‚ and cumulative effects of changes in accounting principles. In this study we investigate the relative ability of comprehensive income and net income to summarize firm performance. Per statement of financial
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Types of Taxes A pie chart showing the projected constituents of United Kingdom taxation receipts for the tax year 2008-2009‚ according to the 2008 Budget. This is the pie chart showing the projected constituents of the United Kingdom taxation revenue for 2010-2011 Income Tax Income tax forms the single largest source of revenues collected by the government (followed by national insurance contributions‚ an additional levy on incomes at around 20%). Each person has an income tax personal
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Defrev 4. Contributed capital 5. Retained earnings Cash received 1. DTE is wrong 2. Capex 3. Defrev 4. Contributed capital 5. Retained earnings Cash received 1. DTE is wrong 2. Capex 3. Defrev 4. Contributed capital 5. Retained earnings Cash received 1. DTE is wrong 2. Capex 3. Defrev 4. Contributed capital 5. Retained earnings Cash received 1. DTE is wrong 2. Capex 3. Defrev 4. Contributed capital 5. Retained earnings Cash received 1. DTE is wrong 2. Capex
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No. 3 2008 pp. 757–787 Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods Daniel A. Cohen New York University Aiyesha Dey University of Chicago Thomas Z. Lys Northwestern University ABSTRACT: We document that accrual-based earnings management increased steadily from 1987 until the passage of the Sarbanes-Oxley Act (SOX) in 2002‚ followed by a significant decline after the passage of SOX. Conversely‚ the level of real earnings management activities declined prior
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| Earning Management | Quality of Accounting Information | | Nur Mohammad Arif | 20-Mar-13 | A report on Earning Management & Quality of Accounting Information Subject: Accounting Principles By | Nur Mohammad Arif | 131-0647-660 | Earning Management & Quality of Accounting Information ABSTRACT: This group report contains a simple descriptive analysis on the Earning Management and Quality of Accounting information for users. Business‚ Investments‚ Profit &
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The accruals and going concern concepts are regarded as fundamental in the preparation of financial statements. Discuss the advantages and disadvantages of these concepts‚ explaining the reasons why these concepts may be difficult to apply or may be inconsistent with other concepts. Accounting statement and records are a periodic summary of account activity within a period and the documentations involved in the preparation of it (Thomas and Ward‚ 2012: 4). They are done based on a set of rules developed
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European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4‚ No.1‚ 2012 www.iiste.org Earning Management and Dividend Policy: Empirical evidence from Pakistani listed companies Jahanzaib Haider (Corresponding author) Bahaudin Zakariya University‚ Multan Sub-Campus‚ Dera Ghazi Khan‚ Pakistan. Tel: 92-331-3312626‚ E-mail: haider_jahanzeb@yahoo.com Akbar Ali Bahaudin Zakariya University‚ Multan‚ Sub-Campus‚ Dera Ghazi Khan‚ Pakistan. Tel: 92-331-7304678‚ E-mail:
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Earnings Management can be for positive or for fraudulent purposes. This project explores the various methods in which firms engage in Earnings Management and different models which may explain the various factors effecting Earnings Management. | TABLE OF CONTENTS Introduction 3 Revenue Management 3 Earnings Management 3 Motives 5 Instruments 5 Project Methodology 8 Objective 8 Scope 8 Methodology 8 Analysis 9 Model 1 9 Model 2 14 Model 3 21 Satyam Case Analysis: 28
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