Day: April 1, 2021

08 The role of accounting  It is important to understand why accounts are prepared. Sections 1 and 2 of this chapter introduce some basic  ideas about accounts and give an indication of their purpose. You also need to consider what Read More …

05 Business organisation structure and strategy    Section 1 examines the importance of informal networks in shaping organisational culture. There are various influences on organisational structure (Section 2). Most firms have some sort of organisation hierarchy reflecting the levels of Read More …

Organisations develop out of the need to coordinate work (Section 1) but this can be achieved in different ways. In this chapter we will also look at the different types of organisation (Section 2). The objectives, policies, procedures and management/leadership Read More …

Part A The business organisation, its stakeholders and the external environment Part B Business organisation structure, functions and governance Part C Accounting and reporting systems, controls and compliance Part D Leading and managing individuals and teams Part E Personal effectiveness Read More …

Introduction In this chapter, we look at how to calculate the corporation tax payable on taxable total profits. Then we look at the administration of corporation tax, including payment of corporation tax in instalments. In the next chapter, we will Read More …

1 Eric and Melanie                                                       39 mins Eric is a partner in a firm of architects. His taxable trade profits for 2015/16 are £101,200. In 2014, he took out a loan to buy some plant and machinery used in the Read More …

Introduction You have now completed your studies of the individual taxes covered in the syllabus so we will turn our attention to how to use your knowledge. First we consider how to answer questions about the impact of taxes on Read More …

Introduction In this chapter, we continue our VAT studies by looking at zero-rated and exempt supplies and we see how making exempt supplies can affect the deduction of input tax. VAT needs to be applied to imports, so that people Read More …

Introduction In this and the next chapter, we study value added tax (VAT). VAT is a tax on turnover rather than on profits. As the name of the tax suggests, it is charged on the value added. If someone in Read More …

Introduction We have nearly completed our study of corporation tax, except for the consideration of overseas aspects. This chapter starts by considering which country a company ‘lives’ in. We then see how relief may be given for overseas taxes suffered, Read More …