July 2013 New income tax forms for companies As a result of recent changes in tax legislation‚ the South African Revenue Service (SARS) have recently revised and updated the corporate income tax returns. * As such‚ it is now compulsory to submit an electronic copy of the signed annual financial statements‚ on which the tax return is based‚ together with the income tax return to SARS. * Furthermore‚ SARS now requires additional information to be presented and disclosed in the corporate
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course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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#2 a. Preliminary conclusions: a. The 2 reports credit card and debit card transactions and the list of transactions declined by the bank do not have the same time scope. The first cover May 7-14 while the other covers May 6-14 b. One declined transaction is not in the list of the credit card and debit card transaction. Card 4567-3672-6919 dated May 10th 2011 with amount $34.69 c. 2 of the declined transactions were duplicate transactions in the credit card and debit card
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"The Influence of Grapevine Communications as the antecedent for the successful of management of change". 1) Rational One of the human activity that connects people together and at the same time‚ building the relationship is called communication (Duncan and Moriarty‚ 1998). This means that each individual is related to one another due to communication (Sanford‚ Hunt & Bracey‚ 1976). In organization perspective‚ communication is defined as communicative acts that constitute the action and
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Introduction This assignment features the recognition and measurement of revenue depending on the source of revenue in accordance with the provisions of International Accounting Standards (IAS) 18 Revenue. I researched the topic and defined the special purposes of the assignment: first of all‚ it is important to know the main concepts of IAS 18‚ also to learn the rules by using this particular regulatory framework‚ and to get knowledge about writing the report at all.
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4.2. Diversifying revenues In recent years it has been widely believed that airports have become increasingly reliant on non-aero revenues. Over the past 15 years‚ the proportion of revenue derived from aeronautical activities has slightly increased indicating that the share of revenue derived from non-aeronautical activities has decreased. Financial crises‚ tough competition coming from neighbouring airports and pressure on lowering airport charges from LCCs‚ have put a dent in airport’s aeronautical
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internal analysis The Cs: Culture‚ Capabilities and Composition * Culture: auditing values‚ belief and attitude Management will conduct culture audits to determine how far the quality of the employee’s working environment. One common way is by using an employee survey. From the employee survey‚ company can obtain variety of things ranging from environmental problems that exist in the organization to provide feedback to management. * Capabilities: people as strategic resources Core capabilities
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E-Commerce revenue models specifically describe different techniques used in generating income from the publisher’s websites. As the e-commerce progress‚ the traditional revenue model of sales is expanded to more variety of revenue options and e-commerce business model. All of the large-scale hotel such as Shangri-La‚ Sheraton Seoul D-Cube City Hotel and others are more focus on e-commerce revenue models in order generate revenues from multiple income streams. Thus‚ all of these hotels were successful
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Internal Memorandum To: Clayton Parker‚ Finance Department Manager Form: Robert Roa‚ Budget Analyst Date: August 26‚ 2012 Subject: Request for Funding I am writing you in request for funding to attend an advance business writing class (WRTG 394)‚ which will be held 03 September to 12 October 2012 in the Texas A & M University campus located here in San Antonio‚ Texas. Advance Business Writing (WRTG 394) is described to be an upper-level business writing course. The class
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Revenue Recognition Revenue is the electricity that drives business. Revenue has been the starting point on every income statement generated‚ every sales meeting conducted‚ and is on every entrepreneur’s wish list. The basic concept for revenue recognition is that revenue should not be recognized until it is realized or realizable and earned. There are also four criteria must be met in order to recognize revenue: 1) persuasive evidence of an arrangement exists: Consider the substance of the transaction
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