THE RELEVANCE OF LAW TO AN ACOUNTING STUDEN? Law is relevant to an accounting student because it helps the student to understand the laws that governs Trusteeship‚ Executorship and Bankruptcy. In the area of Trusteeship it helps the student to understand the roles of the settler‚ trustee and the beneficiary. To understand who can appoint a trustee and what is required to make a Trust valid. It also helps the student to understand the difference between Trusteeship and other concepts. It helps
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phenomenon not restricted by the law makers. This trend recommends that cohabitation presupposes a better connotation in people’s life cycles‚ although it may still be untimely to aver that it ought to be observed as functionally corresponding to marriage. Nevertheless‚ the eminent intensity of optimistic misapprehension by cohabitants of their genuine legal position is conceivably further upsetting. There is evidence of a wide spread myth of the ‘common law marriage’ in which the cohabitants
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Forever: De Beers & US Anti-Trust Laws Case Study Presentation 6/29/2011 Group 9 – The Explorers Executive Summary For centuries‚ diamonds have been regarded as one of the most valuable commodities in the world and the industry has evolved into billions of dollars. At the top‚ De Beers dominated the entire industry worldwide‚ from exploration to retail selling. However‚ it has a reputation of a monopolist‚ where it influences supply and demand. The two critical factors that De Beers
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Public Trust Crimes & Embezzlement Cieamauda Bradger Elizabeth Clark AIU Online March 6‚ 2015 Abstract There are a wide variety of criminal offenses that bring attention to public corruption and their investigations. For this essay I will be focusing on embezzlement and its effect on the public. I present to you three investigations of embezzlement that occurred in 2014. The first being of a former consultant to New York Democratic Senate Campaign Committee (“DSCC”)
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BACHELOR OF LAWS DEGREE TRUST LAW DATE OF SUBMISSION: 25/11/2013 QUESTION: Acquisition of property by a fiduciary of his principal is governed by two rules..discuss INTRODUCTION “A fiduciary is a person holding the character of a trustee‚ or a character analogous to that of a trustee‚ in respect to the trust and confidence involved in it and the scrupulous good faith and cador
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Introduction Not for Profit Organizations and registered charities are run by board of directors that are voted in by members of an organization. These organizations are not owner operated. The board of directors for NFP’s and registered charities usually consists of individuals who are leaders or experienced professionals in their respective communities (Carters‚ 2011). No individual has the right to any residual earnings or share capital in these organizations. This report will discuss the roles
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MIS in Primary Industries:- Managed Investment schemes in primary sectors such as agriculture. Home Loan Unit Trust management:- Making home loan interests deductible. Inflated deduction by donations:- Getting tax benefits for a projected amount that you have actually not donated. 2.2 Specialized Arrangements:- 1. Using Hybrid Trusts - Increasing Tax deductions by way of Trusts 2. Retail Financial
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sustainability of services and the ability to meet future demands. * Relationship with Stakeholders: governments have an obligation to demonstrate accountability for public funds. * Role of the Budget: government budgets often carry the authority of the law‚ preventing public officials from spending their budgetary authority. 1-4 What is the definition of a government as agreed upon by the FASB and GASB? * Public corporations and bodies corporate and politic are governmental organizations. Other organizations
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of caring for another person’s rights or property. The fiduciary relationship is supposed to be a very special and confidential association where the fiduciary must be honor-bound to legally accomplish their duties and remain loyal to the grantor’s trust in them (BoardSource & Independent Sector‚ 2003‚ p. 4)). A great majority of the most important business discussions in the twenty first century business arena regard business ethics (Atherton‚ Blodgett & Atherton‚ 2011‚ p. 1). In recent days
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or codicil .... of either of his parents .... to any money or property exceeding in net amount or value 1‚000l. he will forthwith at his own expense .... settle one-half of such money or property upon trust for himself for life and for the wife for life after his death and subject thereto in trust for the daughter absolutely ...." In 1944 the defendant became entitled‚ subject to a prior life interest therein of his mother‚ to a quarter share of a fund of approximately 50‚000l. The defendant’s wife
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