What should be audited on an interbank transfer schedule? (5 marks) The following should be audited on an interbank transfer: I. The accuracy of the information on the interbank transfer schedule should be verified. II. The interbank transfers must be recorded in both the receiving and disbursing banks. III. The date of the recording of the disbursements and receipts for each transfer must be in the same fiscal year. IV. Disbursement on the interbank transfer schedule should be correctly included
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General Banking‚ Investments‚ foreign exchange‚ Information Technology and HRD (Human Resource Development) banking system. General Banking is the heart of Banking. Here money collection procedure occurs. Other services like cheque encashment‚ account transfer‚ account closing‚ bills and remittance are provided here. So general banking section is the life blood in banking service so I have decided to study on the topic “General Banking Activities of SJIBL” because the internship program of the University
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cash flows associated with transfer pricing. In a decentralized firm‚ transfer prices generally play two important roles: 1. Allocate profits between different tax jurisdictions for taxation purposes 2. Coordinate economic activity within the firm Firms can choose to use different transfer prices for taxes and financial/internal reporting. The use of transfer prices allows central management to generate individual profit figures for different divisions. The transfer price is an expense on the
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| The Importance of International Transfer Pricing | Country Case: Argentina | | | | International Accounting – ACG6255 Professor Robert McGee Philip Archer | Table of Contents 1. Abstract 2. Transfer Pricing Overview 3. Defining Transfer Prices 4. Arm’s Length Principle 5. Pricing Methods 6.1. Comparable Uncontrolled Price Method (CUP) 6.2. Comparable Uncontrolled Transaction Method 6.3. Resale Price Method (RPM) 6.4. Cost-Plus
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Practice Problems Set – 1 MEC301: Heat Transfer Q.1 The slab shown in the figure is embedded on five sides in insulation materials. The sixth side is exposed to an ambient temperature through a heat transfer coefficient. Heat is generated in the slab at the rate of 1.0 kW/m3. The thermal conductivity of the slab is 0.2 W/m-K. (a) Solve for the temperature distribution in the slab‚ noting any assumptions you must make. Be careful to clearly identify the boundary conditions. (b) Evaluate T at the
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MANAGERIAL ECONOMICS PROJECT 01 IMPACT OF TECHNOLOGICAL TRANSFER AND LIKELY TECHNOLOGICAL CHANGE group 10 TECHNOLOGY TRANSFER Technology transfer is defined as the process of sharing of ideas‚ skills‚ knowledge‚ technologies‚ methods of manufacturing‚ samples of manufacturing and improved and modern facilities among various governments and other institutions to ensure that scientific and technological developments are accessible to a wider range
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Assignment: Analyze the Case and answer the following questions: Case Background ZUMWALD AG produced and sold a range of medical diagnostic imaging systems and biomedical test equipment and instrumentation. Below were some data about the company * Consisted of 6 operating divisions 3 of them were: * Imaging System Division (ISD) sold ultrasound and magnetic imaging system * Heidelberg Division (Heidelberg) sold high resolution monitors‚ graphics controllers and display subsystems
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Agenda Item 5 Working Draft Chapter 5 Transfer Pricing Methods [This paper is based on a paper prepared by Members of the UN Tax Committee’s Subcommittee on Practical Transfer Pricing Issues‚ but includes some Secretariat drafting and suggestions not yet considered by them – the Secretariat takes responsibility for any relevant errors and omissions. Formerly‚ Methods were dealt with in Chapters 4 and 5‚ which are now combined – hence the reference‚ on a temporary basis‚ to Parts 5A
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Transfer Pricing In India 1 Transfer Pricing 2 a) What is transfer pricing? 2 2 Transfer Pricing in India 3 a) Definition 3 b) Associated enterprises 4 c) International transactions 4 d) Arm’s length transaction 4 1. Comparable uncontrolled price method 4 2. Resale price method 5 3. Cost plus method 5 4. Profit split method 6 5. Transactional net margin method (TNMM) 6 6. Any other method prescribed by the board 6 e) Maintaining Documentation 6
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Transfer Pricing in India 1. Introduction Increasing participation of multi-national groups in economic activities in India has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same group. Hence‚ it was pertinent to introduce a uniform and internationally accepted mechanism of determining reasonable‚ fair and equitable profits and tax in India in the case of such multinational enterprises. Accordingly‚ the Finance
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