...study in IPCC are – Group I Paper 1: Accounting (100 marks) Paper 2: Law, Ethics and Communication Part I: Law (60 marks) Business Laws (30 marks) Company Law (30 marks) Part II: Business Ethics (20 marks) Part III: Business Communication (20 marks) Paper 3: Cost Accounting and Financial Management Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 4: Taxation Part I: Income-tax (50 marks) Part II: Service Tax (25 marks) and VAT (25 marks) Group II Paper 5: Advanced Accounting (100 marks) Paper 6: Auditing and Assurance (100 marks) Paper 7: Information Technology and Strategic Management Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) The level of knowledge expected of students in the above subjects is ‘working knowledge’. INTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC) Syllabus GROUP I OF IPCC/ ACCOUNTING TECHNICIAN COURSE (ATC) Paper 1: Accounting (One paper – three hours – 100 marks) Level of Knowledge: Working Knowledge Objectives: (a) (b) (c) (d) To lay a foundation for the preparation and presentation of financial statements; To gain working knowledge of the principles and procedures of accounting and their application to different practical situations; To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies; and To familiarize students with the fundamentals of computerized system of accounting. Contents 1. 2. A General Knowledge of the framing...
Words: 3734 - Pages: 15
...ACCOUNTING METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of your Master To learn the “language” of the Business An overview of the topics in FA, MA and FSA “Course Limitations” Key questions What is the role of accounting? Accounting provides information. It measures business transactions and operations, “translating” them into numbers, in order to provide information. Why do we need to study accounting? Who are the user of this information? Why do we study accounting? To understand the world of business (and its language) To make better investment choices (resource allocation) To become advanced users To become advanced preparers … The “users” of accounting information Primarily “external” oriented Financial Accounting Managerial Accounting Primarily “internal” oriented Tax Accounting Primarily “external” oriented Financial Accounting and Reporting Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS)...
Words: 6361 - Pages: 26
...firms have identical cost curves. The industry demand curve is given by P = 1000 - .005Q. The total cost curve of each of the competitive fringe firms is TC = 600q + q2. 1. Find residual demand curve - dom firm. 2. MC of each comp fringe = 600+2q, firms produce so P=600=2q, 100 identical firms so q=.01Q substitute so P=600+2(.01Q) 3. Subtract CF supply from market demand to get res demand curve by dom firm. 2 points price at which CF producing to serve market, no residual demand, price below unwilling to supply 4. Point 1. 1000-.005Q=600+.02Q and solve 5. Point 2. CF supply crosses axis at Q=0 which is P=600 so 600=1000-.005Q or Q=80k 6. (920,0) and (600,8000) now so slope is (920-600)/80k=.004 and equation is P=920-.004Q 7. Quantities beyond 80k price less than 600 so P=1000-.005Q 8. Dom firm profit max is MR=MC, MR from residual demand. So MR=920-.008Q and MR=1000-01Q for Q>8000 9. IF MC=AC=500 then 920-.008Q=500 solve for dom firm so Q=52,500 and P=710 and profit is TR-TC=(710*52,500)-(500*52,500) 10. Competitive fringe would be 710=600+.02Q solve Q=5,500 so each produce 55 units. Profits are (710*55)- (600*55)+(55*55) What is DW loss ass. With this? MC=5 imagine dom firm supply whole market price of 500 so 1000-.005Q=500 the dom firm equilibrium was P=710 and production of 58,000 units total. DW loss = (710-500)*(100,000-58,000)/2 Rather than charging lower price to drive out competitive fringe? Highest price could not compete 600 for CF. So 100-.005Q=600...
Words: 389 - Pages: 2
...1. How are Mortensen’s estimates of Midland’s costs of capital used? How, if at all, should these anticipated uses affect the calculations? The cost of capital is the minimum acceptable rate of return for new investments in the corporation. Estimates of Midland’s cost of capital are used in many analysis within Midland, including asset appraisal for both capital budgeting and financial accounting, performance assessments, M&A proposals, and stock repurchase decisions. These estimates are used at the divison or the business unit level and also on the corporate level. When asses the cost of capital on different levels of business, managers must invest in new ventures that have an expected rate of return higher than the cost of capital. Different investments on different levels of business have different levels of risk, therefore, the cost of capital has to be a pertinent return for that particular division. 2. Calculate Midland’s corporate WACC. Be prepared to defend your specific assumptions about the various inputs to the calculations. Is Midland’s choice of EMRP appropriate? If not, what recommendations would you make and why? The appropriate EMRP to use in the 2007 WACC calculation is 6.0% as listed in Table 2. Team 1 compared this rate to real-world data using the average annual total return on common stocks from Yahoo! Finance and the risk free rate from Exhibit 1. EMRP= rm-rf EMRP=10.3%-4.85%= 5.45% 6.0% is reasonable for the Market Risk Premium in...
Words: 600 - Pages: 3
...Asian Social Science; Vol. 10, No. 16; 2014 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Green Barriers and China’s Agricultural Product Export: Is There Any Relationship? Mudiarasan Kuppusamy1 & Behrooz Gharleghi1,2 1 Faculty of Business and Management, Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia 2 Centre for the Study of the Economics of Ageing (CSEA), Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia Correspondence: Behrooz Gharleghi, Faculty of Business and Management, Asia Pacific University of Technology and Innovation, TPM, 57000, Bukit Jail, Kuala Lumpur, Malaysia. Tel: 60-19-615-3515. E-mail: behrooz@apu.edu.my Received: April 4, 2014 Accepted: May 30, 2014 doi:10.5539/ass.v10n16p34 Online Published: July 24, 2014 URL: http://dx.doi.org/10.5539/ass.v10n16p34 Abstract As an agricultural country, the export of China's agricultural products are often suffered the restrictions from the green barriers. The positive green barriers can regulate the agricultural production in China, and promote the agricultural development and international trade; on the other hand, the negative green barriers would increase the cost of trade, trade friction, and prevent the development of international trade. So the research of influence of green barriers on China’s agricultural products is very realistic. According to the influence of green barriers...
Words: 4402 - Pages: 18
...1.1. Background Information Aedes mosquitoes are the vectors that cause the mosquito-borne disease such as Dengue fever (DF) and dengue haemorrhagic fever (DHF). The cases of dengue are keeping increasing from time to time and this has made it become a serious international concern. Initially, in the 1950’s only 5 countries documented dengue but up until now the dengue cases were reported in more than 100 countries (Guha –Sapi & Schimmer, 2005). Dengue can be transferred when the mosquitoes infected with one of the four dengue virus serotypes known as DEN-1, DEN-2, DEN-3, and DEN-4 (WHO, 2014). There is no vaccine or any exact medication to treat dengue. In Malaysia, dengue fever cases are not something bizarre. Selangor is one of the states that had reported with high...
Words: 10075 - Pages: 41
...Template Name Brandan L. Holder | Date Completed 5-24-2014 | Prerequisite: You must have Units 1–6 completed before composing this assignment, which utilizes the practiced research and writing processes. Purpose and Overview The purpose of this assignment is to help you prepare for successful, enjoyable participation in a positive team experience for Units 8–10. In this assignment, you will research and compose descriptions of a fictitious anonymous company's IT Systems functional area and four main IT departments to demonstrate the organization’s support and interrelationships between the departments. Further, you will explore organization’s code of ethics and executive summaries of reports to understand what they are and how to compose them. Your main task is to develop a broad overview of the mission and purpose of each IT department to be prepared to participate in the team activity for Unit 8. Note that your assigned role for the team is not needed or related to this assignment. As you complete this assignment on this template, refer to information provided in the Unit 7 studies. Specifically, utilize these provided resources and perform research to satisfactorily complete this assignment. Teamwork Activity Challenge. “Organizational Structures” reading. “Functional Areas Managers” reading. * IMPORTANT: This assignment is due Sunday of week 7. Learners completing it on time will be performing Unit 8 as part of a team. Learners without a successful, timely...
Words: 2445 - Pages: 10
...‡§√◊ËÕߪ√—∫Õ“°“» ç·§‡√’¬√åé 07TD Series Water Cooled Condensing Unit Nominal Cooling Range 1-5 Tons World's No.1 Air Conditioning Expert www.carrier.co.th 07TD Series 07TD water cooled condensing unit is small, compact and use a minimum of water. Each unit may be installed single or in multiples, on the floor, suspended from a ceiling or positioned in a closet. Six sizes, when matched or mix-matched with evaporator sections provide a wide range of capacities. Features Compatible fittings permit either mechanical (quick) or sweat connection without the use of adapters, and liquid & suction service valve. Lasting beauty and protection of Weather Armor casing is positive shields against rust and corrosion. Cabinet is made from galvanized steel, bonderized, and painted with baked enamel. Low operating sound permits flexibility of unit location. Cabinet is internally insulated to absorb operating sound. Vibration isolators are fitted under both compressor and condenser. Time Guard circuit prevents compressor shot cycling on safety device, thermostat or power interruption by preventing compressor from restarting for 3 minutes. (Option for all models) Highly efficient plate heat exchanger minimizes condenser water flow requirement. Unit efficiency is substantially higher than for comparable air-cooled condensing units. Long unit life: Phase compressor protected from current and temperature overloads. For 07TD036BSC 060SC protective devices include high and low pressure...
Words: 1279 - Pages: 6
...Asian Social Science; Vol. 9, No. 11; 2013 ISSN 1911-2017 E-ISSN 1911-2025 Published by Canadian Center of Science and Education Elements of Compliance Costs: Lesson from Malaysian Companies towards Goods and Services Tax (GST) Mohd Rizal Palil1, Rosiati Ramli1, Ahmad Fariq Mustapha1 & Norul Syuhada Abu Hassan1 1 School of Accounting, University Kebangsaan Malaysia, Malaysia Correspondence: Mohd Rizal Palil, School of Accounting, Faculty of Economics and Management, University Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia. E-mail: mr_palil@ukm.my Received: May 6, 2013 Accepted: June 20, 2013 Online Published: August 30, 2013 doi:10.5539/ass.v9n11p135 Abstract URL: http://dx.doi.org/10.5539/ass.v9n11p135 Various parties including academics, professionals and the society (the potential GST payers) are arguing about the introduction of GST in Malaysia. Goods and Services Tax (GST) or Value Added Tax (VAT) is a consumption tax imposed on the sale of goods and services. The Malaysian government introduce this potential tax mechanism, in order to increase the existing tax bracket and replacing the long-implemented service and sales taxes. With the introduction of GST, the Malaysian government felt it would provide them with the prospect to reduce the rates of individual and corporate income tax. However, do all companies particularly small and medium enterprises (Companies) ready to adopt the systems efficiently? If they could adopt the system, how much their...
Words: 8066 - Pages: 33
...Unit Two Individual Project Foundations of Criminal Justice Professor David Lounsbury I chose the city of Oak Creek, Wisconsin to review. I have inserted the table records of the years 1999 until 2010. in Oak Creek by Year | Type | 19999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Murders (per 100,000) | 0 (0.0) | 3 (10.4) | 0 (0.0) | 0 (0.0) | 0 (0.0) | 2 (6.2) | 1 (3.1) | 2 (6.2) | 0 (0.0) | 0 (0.0) | 0 (0.0) | 0 (0.0) | Rapes (per 100,000) | 2 (7.3) | 3 (10.4) | 1 (3.5) | 12 (41.6) | 11 (35.8) | 5 (15.5) | 10 (30.9) | 8 (24.7) | 6 (18.2) | 6 (17.7) | 6 (17.6) | 7 (20.2) | Robberies (per 100,000) | 6 (21.9) | 10 (34.7) | 11 (38.4) | 11 (38.1) | 8 (26.0) | 12 (37.3) | 9 (27.9) | 11 (33.9) | 15 (45.6) | 16 (47.3) | 5 (14.7) | 10 (28.9) | Assaults (per 100,000) | 8 (29.2) | 4 (13.9) | 8 (27.9) | 10 (34.6) | 5 (16.3) | 10 (31.1) | 10 (30.9) | 7 (21.6) | 14 (42.6) | 10 (29.6) | 16 (47.0) | 23 (66.5) | Burglaries (per 100,000) | 73 (266.8) | 67 (232.6) | 73 (254.7) | 125 (433.0) | 125 (406.8) | 90 (279.5) | 127 (393.0) | 108 (333.0) | 121 (367.8) | 130 (384.2) | 94 (275.9) | 110 (318.2) | Thefts (per 100,000) | 681 (2,489.1) | 683 (2,371.0) | 741 (2,585.6) | 744 (2,577.3) | 742 (2,414.5) | 792 (2,459.8) | 855 (2,645.9) | 855 (2,636.4) | 850 (2,583.9) | 908 (2,683.8) | 985 (2,891.2) | 966 (2,794.2) | Auto thefts (per 100,000) | 46 (168.1) | 28 ...
Words: 1010 - Pages: 5
...One More Time– How Do You Motivate Employees? Bill Hackos and JoAnn Hackos Comtech Services, Inc. www.comtech-serv.com © 2003 Comtech Services, Inc. One More Time: How Do You Motivate Employees? • Frederick Herzberg – • Harvard Business Review • January–February 1968 2 Most popular reprint in HBR history • Re-run in HBR in September–October 1987 • Re-run again in HBR in January 2003 3 Motivation by KITA • KITA = Kick in the pants (1968) • KITA = Kick in the ass (1987, 2003) 4 What is KITA? • Negative KITA • Motivation by punishment— • A push 5 Negative physical KITA • 50 lashes • Two weeks in the brig 6 Negative psychological KITA • Move to undesirable office • Stop speaking to subordinates • Threaten termination •… 7 What is KITA? • Positive KITA • motivation by reward— • pull 8 Positive KITA • Reducing time spent at work • • • • • Comp time Time off as a reward Recreation programs Sabbaticals Cruises 9 Positive KITA • Compensation • • • • • • Pay Increases Stock Options Bonuses Commission Incentive 401K contribution 10 Positive KITA • Benefits • • • • Health insurance Free food Limited work week Work at home •… 11 Positive KITA Human relations training • Supervisors trained in psychological approaches to management 12 Positive KITA Sensitivity training • Supervisors trained to be sensitive to the needs of their subordinates 13 Positive KITA Communication • Training...
Words: 599 - Pages: 3
...Annotated and Abbreviated List of Tompkins’ Literacy Instructional Procedures Morgan Lewis Grand Canyon University: RDG 512 June 17, 2015 Just as the needs of students vary teachers methods of instruction should vary. Meeting the literacy needs of students should be done through a wide variety of instructional strategies that meet the needs of students and meet the requirements of a balanced literacy program. The following information shares 12 instructional procedures to be used in a third grade classroom. The procedures are from the Tompkins’ Compendium shared in the text Literacy for the 21st Century: A Balanced Approach (6th ed.). Introduction Meeting the literacy needs of diverse students can be an overwhelming task. Teachers need to have well organized and well prepared lessons that allow students to focus on developing their literacy skills. Literacy lessons that include specific strategies designed to support literacy instruction through a variety of approaches leads to successful readers. The goal of each lesson is to increase student’s literacy success while supporting their literacy needs. To help support third grade literacy skills a teacher can use several, if not all, of the instructional procedures shared in Literacy for the 21st Century: A Balanced Approach by Gail E. Tompkins, 2014. Annotated and Abbreviated List of Tompkins’ Literacy Instructional Procedures ...
Words: 1779 - Pages: 8
...allowed through security check. Passengers are selected at random for more intense screenings. You cannot protect against every single thing unless you want no freedom. Therefore this emphasis on freedom in the USA that has led to the latest round of highly-publicised controversy over airport screening procedures. TSA's aim to replace all passenger-screening units with advanced imaging technology (AIT) equipment. These machines use either backscatter X-ray or millimetre-wave technology to provide a graphic image of a passenger's body beneath clothing, which can detect both metallic and non-metallic threats, including weapons and explosives. Passengers who object to the machines on privacy grounds can opt for an enhanced pat-down instead, although this can be much more intrusive. I experienced a pat-down in the airport last summer and nothing were left untouched. It was very uncomfortable. In the article, Eleven Years After 9/11, Flying is safe, Routine, and Annoying, according to Daniel Gross (2012), “Eleven years after the attacks, air travel in the U.S. has pretty much reverted to what it was pre 9/11: a pain in the ass.” I completely agree with Gross. I had witnessed unnecessary actions in the airport. My grandma was pulled in because she was wearing too much jewelry for intense screening mean while there was a man dressed in all black wearing sunglasses indoor without...
Words: 742 - Pages: 3
...PROJECT BRIEF PROJECT BRIEF 0.1 INTRODUCTION Chennai is the fourth-largest city in India. It is a coastal city with the second largest beach in the world. The climate is hot and humid but the breeze blowing from the sea makes the climate bearable. It is India's major leather-producing center and the quality of leather compares with the finest in the world. The City with its present population of about 8 million generates about 11 million trips in a day, with about 6 million vehicular trips. The ever growing vehicular and passenger demands coupled with constraints on capacity augmentation of the existing network have resulted in chaotic condition during peak hours of the day. POPULATION The population of Chennai in1639 was 40000 and today the city is estimated to have a population of 7.5 million, which gives a population density of about 6482 per sq. km. It is observed that with the population growth between 1921 and 1981 has been very rapid and similar trend continues. INDUSTRIAL AND EMPLOYMENT SCENARIO Economic growth of CMA has been slower in the large-scale formal industrial sector compared to the growth in the small and marginal sectors in trade, commerce and transport. Per capita income in CMA is rather low compared to other metropolitan cities; it was Rs. 1760 per capita /month as per the house hold survey carried out in 2005. About 65 percent of the population can be classified as economically weaker section. LAND USE POLICY In 1973, the Chennai Metropolitan Development...
Words: 8108 - Pages: 33
...allowed through security check. Passengers are selected at random for more intense screenings. You cannot protect against every single thing unless you want no freedom. Therefore this emphasis on freedom in the USA that has led to the latest round of highly-publicised controversy over airport screening procedures. TSA's aim to replace all passenger-screening units with advanced imaging technology (AIT) equipment. These machines use either backscatter X-ray or millimetre-wave technology to provide a graphic image of a passenger's body beneath clothing, which can detect both metallic and non-metallic threats, including weapons and explosives. Passengers who object to the machines on privacy grounds can opt for an enhanced pat-down instead, although this can be much more intrusive. I experienced a pat-down in the airport last summer and nothing were left untouched. It was very uncomfortable. In the article, Eleven Years After 9/11, Flying is safe, Routine, and Annoying, according to Daniel Gross (2012), “Eleven years after the attacks, air travel in the U.S. has pretty much reverted to what it was pre 9/11: a pain in the ass.” I completely agree with Gross. I had witnessed unnecessary actions in the airport. My grandma was pulled in because she was wearing too much jewelry for intense screening mean while there was a man dressed in all black wearing sunglasses indoor without...
Words: 742 - Pages: 3