Monetary and Fiscal Policy The Monetary and Fiscal Policies‚ although controlled by two different organizations‚ are the ways that our economy is kept under control. Both policies have their strengths and weaknesses‚ some situations favoring use of both policies‚ but most of the time‚ only one is necessary. The monetary policy is the act of regulating the money supply by the Federal Reserve Board of Governors‚ currently headed by Alan Greenspan. One of the main responsibilities of the Federal Reserve
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LEGAL BASES OF PHILIPPINE EDUCATIONAL SYSTEM MAJOR LEGAL BASES The Philippine Constitutions 1. 1935 CONST. Article XIV Section 5 2. 1973 CONST. Article XV Section 8 (1-8) 3. 1987 CONST. Article XIV Sections 1-5(5) THE 1987 CONSTITUTIONS Article XIV Sections 1-5(5) Section 1. The state shall protect and promote the right of all the citizens to quality education at all levels and shall take appropriate steps to make such education accessible to all. Section 2. The state shall:
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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3.2 The Big Changes: The Mid-Year Amendments Over the period of the study‚ 2009 to 2013‚ there are many major amendments to the feed-in tariff incentives and other policies. The amendments mostly occur in the middle of the year‚ particularly in June or in July. The amendment of German solar feed-in tariff in 2010 is one of two big changes that occurred during the studied period. The German parliament or the Bundestag approved the reduction of feed-in tariffs on May 6‚ 2010. However‚ the federal
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calendar year. These pass-through entities can make an election to file on a fiscal year if they meet certain requirements. In almost cases‚ these entities are on a calendar year basis. C Corporations can pick up any month end for their tax year. Question 14-22 Corporations can claim capital losses only against capital gains. In other words‚ if a corporation has an excess capital loss‚ it cannot deduct the loss in the current tax year. Instead‚ it carries the loss to other tax years and deducts
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manually. WINDOWS APPLICATION LOADEDSTARTS AS SERVICE Y/N 1. tftpd32 Starts as a service 2. FileZilla Server Interface- The interface does not start as a service and must be ran manually 3. Wireshark – Does not start as a service and must be ran manually 4. Nessus Server Manager – Does not start as a service and must be ran manually 5. NetWitness Investigator – Does not start as a service and must be ran manually 2. What was the allocated source IP host address for the TargetWindows01 server‚
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National Income is defined as the sum total of all the goods and services produced in a country‚ in a particular period of time. Normally this period consists of one year duration‚ as a year is neither too short nor long a period. National product is usually used synonymous with National income. Concepts of National Income There are different concepts of National Income‚ namely; GNP‚ GDP‚ NNP‚ Personal Income and Disposable Income. Gross National Product (GNP) GNP at market price is sum total of
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component of the Income Statement and the Balance Sheet Determine how Income Statement and Balance Sheet are use in making financial decision 1 6/23/2014 BASIC Terms • FINANCIAL STATEMENT represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength‚ performance and liquidity of a company. It reflect the financial effects of business transactions and events on the entity. • INCOME STATEMENT also known
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What is Fiscal Policy? One of the features that helps identify the economic direction of a country is fiscal policy. The government utilizes fiscal policy to control the economy through adjustment in spending levels and revenue. According to the theories of John Maynard Keynes‚ the British economist in regard fiscal policy‚ the decreasing or increasing expenditures (spending) and revenue (taxes) levels influences employment‚ inflation and the flow of money into the economic system. Fiscal policy
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Introduction The parade of corporate accounting scandals of the last decade‚ with lion’s share occurring in 2002‚ has developed deep antipathy and distrust towards corporations and their reporting practices‚ and casted doubts on the opinions of audit firms. As majority of these accounting frauds occurred in the US (See Appendix)‚ there was a widely-held view that rules-based accounting standards have allowed failure of large corporations like Enron and World Com‚ since US GAAP is perceived to
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