| ||||||
As the taxable profit is computed based on taxation laws which differ from the accounting policies applied to determine the accounting profit,hence the taxable profit and accounting profit can differ. The difference between taxable profit and accounting profit can be classified into: permanent differences timing differences This articles looks at the aforesaid differences and [...] At a ceremony on August 13,2007 at Le Meridian Kuala Lumpur attended by Dato’ Nordin Baharuddin ,MICPA President and Mrs Gillian Ball,ACCA President,a Mutual Recognition Agreement (MRA) was signed by The Malaysian Institute of Certified Public Accountants (MICPA) and ACCA (the Association of Chartered Certified Accountants) with the following details: provides [...] The Association of Chartered Certified Accountants (ACCA) has appointed Helen Brand as its new chief executive officer effective Sept 1. Brand replaces Allen Blewitt,who returned to after being based at the association’s headquarters in London the last five years. According to the new CEO: She aims to maintain ACCA’s position as the lead global [...] The following are some criteria to classify a sale and leaseback transaction as an operating lease [IAS17.7-14(R.05)]: A sale has genuinely occurred,where all major risks and rewards were transferred to the buyer;[...] Tabulate below are the characteristic that indicates it as a Finance lease:- Transfer of ownership at the end of the lease term to a lessee [IAS17.10(a)(R.05)]. The lessee has a bargain purchase option [IAS17.10(b)(R.05)]. The lease term covers the major part of the asset’s economic life [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
| Copyright ©2012 FMAccounting.com - All Rights Reserved WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera | ||||||
Recent Comments