FRS 19 Deferred Taxation Summary Full provision for deferred taxation now required Accelerated capital allowances Pension costs Unrealised group profits Interest costs capatilised Unrelieved tax losses Other short term timing differences Not for: ` Re-valued fixed assets Rollover relief availed of Remittance of overseas sub. Recognise DT asset if it is more likely than not to be recovered Where assets continually re-valued to fair value: provide DT Permits discounting Use tax rates enacted or
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Formation of Contract 2 Offer ............................................................................................................... 2 Acceptance ................................................................................................... 4 Certainty ........................................................................................................5 Consideration ............................................................................................... 6
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1.Briefly explain the jurisdiction the Subordinate Court in Malaysia Subordinate Court in Malaysia consisting of two parts which is the Magistrate’s Court and the Sessions Court Magistrate’s Court: * Hear all civil matters of which the claim does not exceed RM2500 generally in criminal matters‚ the Magistrate’s court have power to try all offences od which of the maximum terms of imprisonment does not exceed 10 years or which are punishable with fire only but may pass sentences not exceeding
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Maroubra and Kogarah are of two Sydney suburbs in Australia. Maroubra is a beach suburb while Kogarah is a residential one. There are similarities and differences between these two suburbs. This report will compare and contract information on aspects and features of people‚ housing and services. There are some similarities and differences in people. As for population‚ Maroubra has 26500 people whereas Kogarah has only 10900 people. The two suburbs have the largest age group from 20
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decided a number of cases dealing with liability for injuries that occurred on the property of the defendant involving two different parties. On the basis of the premise liability claim‚ our client has a case against the hotel. The premise liability claim is based on common law principles of negligence and derives from an establishment’s lack of supervision‚ care‚ or control of the premises. RESTATMENT (SECOND) OF TORTS §344 (1965). According to the premise liability claim‚ a tavern owner has a duty to
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Pre-Shipment Finance Pre Shipment Finance is issued by a financial institution when the seller wants the payment of the goods before shipment. The main objectives behind pre-shipment finance or pre export finance are to enable exporter to: * Procure raw materials. * Carry out manufacturing process. * Provide a secure warehouse for goods and raw materials. * Process and pack the goods. * Ship the goods to the buyers. * Meet other financial cost of the business. Types
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Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business. For this particular project‚ our group assumed that Mr. Tan used to be an accountant working for a big accounting firm and is now looking to set up a small accounting consultancy business. 1 Process Required to Setup Business Organization Below are the processes to setting up a partnership and a limited liability partnership
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reasoned opinion‚ this essay shall conclude whether the UK criminal law should impose such a duty. In UK law it is an offence to fail to take reasonable steps to assist another person in peril in certain situations. Such duties as those arising from contract (R.v Pitwood [1902])‚ special relationships (Gibbins and Proctor [1918])‚ creation of a dangerous situation‚ or one arising from the assumption of being a carer (R v. Stone and Dobinson [1977]). In considering how such a duty could be imposed
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Chapter 18: Remedies for Breach of Contract Election to discharge: self-help remedy Types of Judicial Remedies • Common law remedy of damages • Common law remedy of an action for a fixed sum • Equitable remedy of specific performance • Equitable remedy of injunction Limitation Act • Judicial remedies may be barred by lapse of time due to LA • S 6 LA: no action against breach of contract after 6 years have passed (unless party unaware of breach) • LA does not apply to any legal action rooted
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The importance of the essential elements required for the formation of a valid contract-explain (P1.1) A contract will be enforceable if it can satisfy some basic conditions. These type conditions are known as elements of essential for a valid contract. Every legal contract satisfies these conditions. Without satisfying these conditions a contract can’t be acceptable. That’s why for the formation of a legal contract satisfying the essential elements is very important. The importance of the essential
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