Question

What aspects of legislation can impact upon financial transactions and reporting? (Plz type up ur answer)

What aspects of legislation can impact upon financial transactions and reporting? (Plz type up ur answer)

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The legislation alludes mainly to the two categories of financial transactions - tariffs rigidity and tax requirement. Thus in this manner change and enactment in legislation may directly affects a material fact or figure that is required to be used in financial transactions and reporting. It will affect the bills imposing taxation, extract tariff bills, which impose extract duties, customs tariff bills, which impose customs duties; and various other taxation measures.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7) What aspects of legislation can impact upon financial transactions and reporting? (80–100 words) 8)How can...
7) What aspects of legislation can impact upon financial transactions and reporting? (80–100 words) 8)How can policies and procedures control spending? (80–100 words)
How can policies and procedures control spending?(Plz type up ur answer)
How can policies and procedures control spending?(Plz type up ur answer)
Identify and explain current financial legislation and statutory requirements relating to taxable transactions and reporting requirements.
Identify and explain current financial legislation and statutory requirements relating to taxable transactions and reporting requirements.
Besides financial reporting impact, what other types of risk outcomes should be considered when assessing the...
Besides financial reporting impact, what other types of risk outcomes should be considered when assessing the impact of risks?
What type of analysis is required for forest fire detection from the data collected? plz answer
What type of analysis is required for forest fire detection from the data collected? plz answer
Let's talk a little about the difference in tax and financial reporting and the impact IFRS...
Let's talk a little about the difference in tax and financial reporting and the impact IFRS could have. In the United States, in particular, fair presentation under GAAP sets the standards for financial accounting. GAAP is adjusted, if you will, to comply with tax accounting. More specifically, taxable profits must be adjusted from GAAP presentation to tax accounting in order to facilitate accurate tax reporting at year's end. From an accounting perspective, do you think tax accounting and financial accounting...
Access the FASB Concepts Statements to answer this question. What is the objective of financial reporting?
Access the FASB Concepts Statements to answer this question. What is the objective of financial reporting?
What are some of the instances where managerial reports can be used for external financial reporting?
What are some of the instances where managerial reports can be used for external financial reporting?
What is the impact of some businesses using International Financial Reporting Standards (IFRS) instead of generally...
What is the impact of some businesses using International Financial Reporting Standards (IFRS) instead of generally accepted accounting principles (GAAP)? In your opinion, should there be a worldwide convergence of accounting standards? Why or why not? Explain. Do you think that convergence will ever take place given that it's been worked on for years now? What do you think it will take to get to full convergence, or do you think it will ever happen?
What action can the ATO take if a taxpayer fails to correctly report or pay by...
What action can the ATO take if a taxpayer fails to correctly report or pay by the due dates? (In Australian Accounting Environment) (Plz type up your answer) Discuss in 80 to 100 words.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT