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15) Special purpose - special fund for said purpose, balance goes to general funds 16) Veto power of the President - revenue/tariff bill 17) Power of review of the SC 18) Power of Local Government to create their own sources and levy taxes, fees, charges 19) Just share of local government in national revenue which shall be automatically released. 20) Tax exemption of all revenues and assets of (a) proprietary or cooperative educational institutions (b) subject to limitations pr ovided by law 21) Tax exemption of grants, endowments, donations or contributions USED. The exemption claimed by YMCA is expressly disallowed by the last paragraph of then §27 of the NIRC.
Furthermore, Ar t. XIV, §4 (3) of the Constitution only exempts YMCA from property taxes NOT income tax. YMCA cannot be considered as an “educational institution” within the purview of the above-cited article.
The term “educational insti tution” under the Education Act of 1982 refers to schools. The school system is synonymous with formal education, which refers to hierarchically structured and chronologically graded learnings organized and provided by the formal school system and for which certification is required in order for the learner to progress through grades or more to higher levels. Nothing in the Articles of Incorporation or By-Laws of the YMCA suggests that it is an educational institution.
IMPORTANt There are to this content depending on when you plan to sit your exam. Summer in the country 1980 full movie download. If you plan to sit your exam prior to 31 August 2018, please study this content. If you plan to sit your exam after 1 September 2018, please study. Eldredge sewing machine serial numbers. This exam covers general legal knowledge relating to the business environment, a basic knowledge of the law of contracts, and an understanding of the responsibilities and risks that arise in business, with particular regard to the law relating to corporate entities. Sources of law 1.1 Identify the sources of different types of law 1.2 Identify the features of the different legal systems 1.2.1 Common law 1.2.2 Civil law 1.2.3 Sharia law 2. Common law and legislation: precedent and stare decisis and statutory interpretation 2.1 Identify how common law and relevant legislation are applied 2.2 Analyse and explain legal cases and principles in setting precedents 2.3 Specify how legal cases and principles set precedents 2.4 Identify how to deal with the doctrine of stare decisis (legal precedent) 2.5 Specify the rules and models for statutory interpretation 3. Legal framework 3.1 Describe the legal framework of statute law (legislation) and common law 3.2 Explain the heirarchy of the court system 3.3 Explain how different types of disputes are handled by the court system 3.4 Identify and explain different methods of alternative dispute resolution 4.
Fundamental aspects of contracts and contract law 4.1 Describe the fundamental features and essential requirements (terms) of contracts. 4.2 Describe the law of contract 4.3 Describe the necessary elements in the formulation of a contract 4.4 Explain the importance of conditions and essential terms of contracts 4.5 Identify the nature and status of pre-contract representations 4.6 Explain the effect of valid exclusion clauses 5. Breaches of contract law 5.1 Recognise the different types of breach of contract and their effects 5.2 Specify relevant and available remedies for breach of contract 5.2.1 Damages 5.2.2 Specific performance 6. Specialised commercial contracts 6.1 Identify the characteristics of commercial contracts used in international trade 6.1.1 International sales of goods 6.1.2 International transportation of goods 7. Torts 7.1 Explain that the law of torts concerns a civil wrong which may mean a civil action for compensation arises 7.2 Explain the tort of negligence 7.3 Explain that tort law provides legal remedies for losses damages caused by negligence 7.4 Explain that negligence means failure to exercise reasonable care 7.5 Explain consumer protection law and negligence 8.
Trusts 8.1 Define a trust and identify common purposes for the establishment of a trust 8.2 Identify the parties to a trust and describe their role 8.3 Describe the legal requirements in relation to trust 9. The law of agency theory 9.1 Explain that agency is the relationship between principal and agent 9.2 Explain how agency theory underlies the principles of corporate governance 9.3 Explain that partnership is an agency relationship 9.4 Explain the application of agency theory to companies 10.
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AUD, FAR, REG Exam Format The Auditing & Attestation (AUD), Financial Accounting & Reporting (FAR), and Regulation (REG) Exams are similarly formatted. These three exams are composed of 50% Multiple Choice Questions and 50% Task-Based Simulations.
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The Multiple Choice Questions are broken up into 2 individual testlets: 36 questions per testlet for AUD, 33 questions per testlet for FAR, 38 questions per testlet for REG. The MCQ portion of the exam is followed by three testlets of 2, 3, and then 3Task-Based Simulations (TBS) for AUD, FAR, and REG, for a total of 8 TBSs per exam section. BEC Exam Format 50% of the Business Environment & Concepts (BEC) exam is comprised of Multiple Choice Questions. Just like the other 3 exams, the MCQs are broken into 2 individual testlets, with 31 questions in each. The MCQ portion of the exam is followed by two testlets of 2 Task-Based Simulations, for a total of 4 TBSs. Finally, there are 3 Written Communication questions in the final testlet- one of which is pre-tested - that require a written response in a memo format.
ACCT607 - Business Law and Taxation This course is open only to students taking the CPA Review Package. It covers the knowledge and understanding of professional and legal responsibilities of CPAs.
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These include the professional ethics issues relating to tax practices and based on the AICPA Code of Professional Conduct, Treasury Department Circular 230, and rules and regulations for tax return preparers. Business law topics covered include the legal implications of business transactions, auditing, and financial reporting. (Prerequisite: ACCT616). Prerequisites.
Corequisites N/A Schedule of Classes Registration Dates Course Dates Session 03/26/18 - 08/31/18 09/03/18 - 10/28/18 Summer 2018 Session D - 8 Week session Course Materials Previous Syllabi Not current for future courses Book Title: Please use the following link to order and access the required Wiley CPA/excel ebook for your course: ISBN: NOTE Publication Info: Wiley Author: Wiley Unit Cost: $220.00 Electronic ISBN: N/A Electronic Unit Cost: $220.00.