Provisions of the Corporation Tax Assignment Example | Topics and Well Written Essays - 4500 words

Provisions of the Corporation Tax - Assignment Example While the company can claim all the business expenses incurred by it during any financial year, there are certain other provisions governing the capital expenses incurred by the company for the purposes of the business. These are called capital allowances and these allowances cover the expenses incurred for the improvement of the business of the company. By allowing these capital expenses the Corporation Tax Act promotes the working of the companies towards progress. The company can write off all the revenue expenditures incurred by the company against the income being earned by the company. These expenses are in the nature of the expenses which the company has spent on the promotion of the business of the company. For claiming a deduction, these expenses should have been incurred wholly for business purposes and during the previous year. The examples of these expenses include salaries of employees, insurance expenses and other administrative expenses like auditor fees. The company is authorized for the deduction of the interest paid by the company to the banks or other financial institutions for the loans availed by it for business purposes. The interest should have been paid actually during the previous year.The first allowance is in the nature of depreciation on all working assets including industrial buildings and plant and machinery that are being used by the company for the manufacture of products. An amount equal to 4 percent of the cost of the industrial buildings can be claimed by the company by way of writing down allowance. For claiming this deduction the company should have put to use the building in respect of which the deduction is being claimed. When the company constructs some building in an enterprise zone the company can claim the whole cost of the building as a deduction from the chargeable income. The position of the writing down allowance in respect of the plant and machinery belonging to the company is as follows: In general 25 percent on the written down value, a method is allowed as a deduction for the large companies. In the case of small and medium companies, there is a first-year allowance equal to 50 percent of the cost of plant and machinery that can be claimed as a deduction from the income of the company. The companies that spend capital expenditures on machinery which are using energy saving technology can claim the total value of the machinery in full without limits by way of enhanced capital allowance. Bu for claiming the enhanced capital allowance the technology should be one recognized by the government. The amount of capital expense can be claimed in full in the first year itself. But if the company feels that the company would be in an advantageous position then the company may choose to carry forward the deduction for the future years and claim the allowance in part.  

Object Oriented Technology Essay Example | Topics and Well Written Essays - 1500 words

Object Oriented Technology - Essay Example This process might initially seem to involve unnecessary transitioning, as the applications can be easily integrated using a middleware application which requests/respond to queries to and from individual applications running in same/different platforms. Further, the resources (both manpower as well as system) involved in such transitions are much higher compared to developing a middleware application. However the advantages of using object oriented paradigm overwhelms these drawbacks with its enormous optimistic features and functionalities. The amount of effort involved in system transitions though high, is only a one time process. Once the existing models are transformed to object oriented models, the maintenance of the system become much easier and the resources involved for further enhancements would be reduced to a very great extent. Thus the end product of above process using Object Oriented approach would be a most reliable software application which runs on low production/ma intenance cost. 2. ... In object oriented approach, each of these entities are treated as objects as shown in below figure (fig 1). The objects communicate with each other by sending and receiving messages to perform the required task. Fig 1: Object oriented approach in banking application The structure of the entity in terms of all the functions (methods) and the data (inputs and outputs) involved for an object are defined in separate modules called Class. For example, in the above diagram, the data involved for the customer object would be customer id, customer name, customer address, customer contact number, customer email, etc. The functions involved would be to add customer data, get customer data, update customer data, etc. The bundle of all these data in the form of variables/data fields and all these functions in terms of methods are defined as a template/structure in a module (a piece of code stored separately) called Class (name it CUSTOMER). Similarly, the data fields involved for the account ob ject would be customer id, account number, PIN number, user id, password, account balance, interest etc and functions would be add account, verify account, get account info, get balance, set balance, etc. The data structure for this is stored in another class named ACCOUNT. The same procedure is followed for all the objects that are involved in the requirement. Thus the above figure is updated with the data fields and methods for each class as shown below (fig 2). This diagram/graphical representation of class in terms of data fields and methods is called Unified Modelling Language (UML) diagram. Though there are many data/methods involved in real scenario for each object, only few are shown in figure as example. Fig 2: UML diagram showing class definition for each Object Thus, in the

Ismg 15 Essay Example | Topics and Well Written Essays - 500 words

Ismg 15 - Essay Example To be able to overcome the fears of undesirable outcomes of speaking the truth, one needs moral courage. Moral courage is not exactly different from physical courage but varies in degree and occasions that present risk. Both present a risk possibility. By doing one’s nearest duty, McCain means people should place a focus on their personal obligations or responsibilities. People should keenly attend to the tasks that form their day, and perform with their best ability. The fact that McCain is a high profile politician adds an element to that idea. As a politician, he could be clarifying his duty as the people’s servant. His nearest duty is representing the peoples’ interests and grievances to the government. His political career best describes his undertaking of his nearest duty. McCain’s decision to decline the offer for freedom shows his moral courage because he was not willing to leave his comrades behind. Although he might have been aware of the consequences of his decision, he put aside his personal interests and chose to remain with his soldiers. The torture he opted to undergo suggests his physical courage. I approve of Kierkegaard’s father’s teaching technique. In as much as he often denied him permission to go out, the day he offered to take him on a walking tour he was so elaborate in describing details of what Kierkegaard did not know. He may have been waiting for that day to be the one to offer his son the deepest and derailed teaching, just as he did. Kierkegaard identifies more with Williams. Unlike the friend who does not want to choose, Kierkegaard had earlier made a decision to get married to Regine Olsen, whom he then broke up with just before writing the article. He knew firsthand the consequences of getting married and regretting it, or not getting married and regretting it because he had been in both worlds. The second excerpt is similar to Sartre’s theory of existential

Historic accuracy of the movie 300 Essay Example | Topics and Well Written Essays - 500 words

Historic accuracy of the movie 300 - Essay Example The third correct historical accurate aspect of the movie concerns the words Spartan mothers tell their sons as they go to war: â€Å"Come back carrying your shield, or being carried upon it.† In the movie, Spartan Queen Gorgo {played by Lena Headey} says these words to her husband King Leonidas {played by Gerard Butler} as he prepares to lead his 300 Spartans to war against the Persians (Borza) The first historical inaccuracy in the movie concerns the size of the Persian army lined up against the Spartans in the epic battle of Thermopylae. The movie trailer mentions: â€Å"They {the Spartans} were 300 men against a Million.† The movie relies on the classical historian Herodotus, who estimated the Persian army at 1,700,000 soldiers collected from 46 nations. However, keeping in mind the population structure of the Achaemenid Persian Empire of that era, modern European scholars like Ernst Obst, William Woodthorpe Tarn and Robert von Fischer are in total agreement that the acceptable number was between 100,000 to 200,000. Even if 1,700,000 troops were somehow collected, it would be a monumentally huge logistical miracle to coordinate, put into position and effectively control the massive number of troops from so many nations given that computers and communication technology did not exist at that time. Secondly, if a 1,700,000 strong army had traveled the long distance from Asia to Greece in the absence of the railway and telegraph, the prevalent logistics and supply would be unable to provide sustenance for them (Farrokh). The second historical inaccuracy relates to weapons and armory. Firstly, the swords of both Greeks and Persians are depicted as traditional in size. In historical records, the Persian swords during that time were shorter and resembled daggers, while the swords of the Greeks were longer than traditional swords. The short size of

ETHICS (Response to a Case Study Dilemma in an Information & Essay

ETHICS (Response to a Case Study Dilemma in an Information & Technology Organisation) - Essay Example And as, organizations requires order, and as, every organization faces its own ethical problems, having a well-defined code of ethics is more than important to safeguard the organization against unethical practices detrimental to the organization’s reputation and services (Heermance 1). This is so because code of ethics set the tone for the expected company’s behavior as, â€Å"it outlines uniform policies, standards and punishments for violations† (Pride, Hughes, & Kapoor 45), thereby guiding organizations in dealing with and judging â€Å"situations not specifically covered in written instructions† (Canton 13). These make code of ethics more than important to the organization as it ensures order in and secures the organization. In business, not all gifts are pleasant and safe to receive as, these can be sources of ethical issues, specifically conflict of interest – â€Å"occurs when a person’s or organization’s obligation to act in the interest of another is interested with by a competing interest that may obstruct the fulfillment of that obligation† (Crane & Matten 366) as illustrated in the case under review. Here, the stakeholders – the owner of a small printing business unexpectedly received a parcel containing 12 bottles of expensive scotch whisky in the mail from the manager of the business’s biggest contract delivery company, two weeks before New Year, yet a few weeks before the expiration of their contract. First, although gift giving is generally an act of goodwill, it is also a bribe. In this case, factors drawing the line between goodwill and bribe such as the relationship of the giver to the receiver, the timing, the costs, and the manner of delivery, i ndicate that the gift is meant to gain (Roa 106) the owner’s choice of Delivery Company in favor of the gift-giver as against other applicants. In this light, acceptance of this gift

Community Health Social Care Essay Example for Free

Community Health Social Care Essay Welcome to the Foundation Degree in Community Health and Social Care offered in partnership with a number of Further Education colleges, and validated by the University of Wolverhampton. Foundation Degrees are a vocationally focused higher education qualification located at intermediate level in the Framework for Higher Education Qualifications. This foundation degree has links with local and national employers ensuring that skills are developed through work-based learning, which is a major part of any foundation degree. This combined with higher-level knowledge and understanding reinforces and supports the development of vocational skills. Although the University of Wolverhampton has validated the foundation degree, the study will take place in one of the partner colleges. In the following pages you will find a brief description of the programme, the modules and other information that we think you will find useful. More detailed information about each module will be given by module leaders during your studies. We have also included details of awards that you may wish to progress onto after you complete the foundation degree. We work closely with the course leaders in all colleges. Arrangements will be made for you to visit the University. We look forward to seeing you then. If you have any issues or concerns that you wish to discuss please contact your course leader at your college. 2About this Guide The purpose of this guide is to provide you with information about the modules offered within the Foundation Degree. In addition to the information contained in this Pathway Guide, you will need to be aware of: The University Academic Principles and Regulations, which are available from the university web site. These regulations explain how the credit system operates, and the number of credits that must be studied at different levels in order to qualify for the different awards offered. Each college will arrange their own timetable – the course leader at your college will make you aware of this. All modules on the Foundation Degree in Community Health and Social Care are compulsory. On successful completion of the Foundation Degree, you will be awarded a ‘pass’. The University can also provide you with a formal transcript of your module results if you wish. If you decide to complete end your studies after successfully completing year One, you may be eligible for a Certificate of Higher Education. At the end of this guide you will find information on further study at the University of Wolverhampton. Introduction to the Health and Social Care Subjects The Foundation Degree provides an educational opportunity for undergraduates who come from a variety of backgrounds. The Foundation Degree aims to provide appropriate academic health and social care teaching for a wide variety of students, from across the NHS and the health and social care arena. The award may be studied on a full or part time basis. Full details of this can be found by asking the contact at your local college. We may be able to award some students credits for specific modules if they can demonstrate that they have already met the learning objectives. This is known as Accreditation of Prior Achievement. Please discuss this with the tutor at your college in the first instance. It is expected that all student will have work experience (this can be paid or unpaid) within the Health or Social Care field.

Mutual Fund Project Essay Example for Free

Mutual Fund Project Essay The fund employs a passive management investment approach. It is a low cost way to gain diversified exposure to the equity market in the United States. The fund invests in 500 of the largest companies in the United States. The companies span many different industries and the fund accounts for about 75% of the United States stock market’s value. VFINX measures the investment return of large-capitalization stocks. The most obvious risk is the volatility that comes with its full exposure to the stock market. The mutual fund portfolio’s composition is made up of 99. 45% stocks and . 55% cash. The expense ratio for this mutual fund is . 17%. This is the annual fee that shareholders are charged. It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund. For the Year-to-Date (ytd) rankings in its category, VFINX ranked in at 24 according to Yahoo! Finance. Over the last 10 years, the fund has performed in direct correlation to the Samp;P 500 being that it is an index fund and there is a beta of 1, meaning that whatever the Samp;P 500 does, the fund will do as well. VFINX is a good choice if an investor is seeking a mutual fund that offers the stability of large, established companies and the wide exposure of a fund that holds both value and growth stocks. Fidelity Magellan Fund (FMAGX) has ridden the ups and downs over the years of the market’s roller coaster. The fund has gone through many changes over the years and one of the most important key factors to the fund’s performance has been related to the way it was managed. The fund currently has assets totaling 14. billion and its portfolio consists of growth and value stocks across the capitalization spectrum from around the world and the United States. The fund keeps about 20 percent of the holdings in foreign stocks. It is one of the world’s most known actively managed funds and has finally found some stability due to its newest manager, Harry Lange. In 2008, during the financial crisis, the management chose to stay aggressive instead of investing defensively and incurred a bad loss, which lead to the changes in management. FMAGX is classified as a large growth fund and is ranked 24 in its category according to Yahoo! Finance. The 3-year beta is 1. 7, which means that it bears more risk than investing directly in the Samp;P 500, however this also means that it could provide heftier returns. The mutual fund portfolio’s composition