I have asked by a number of students mostly ACCA affiliates whether they should go for ICAEW exams and what are the associated benefits. Well, summarizing my opinion in nut-shell I would prefer that students / trainees do take ICAEW exams, its worth having ICAEW qualification.

Whenever we hear of fraud this question is usually asked why people do fraud, and the most common answer we get is if one is poor and he is unable to meet his needs that’s why he did the fraud to get extra money, but answer is wrong in 99 % cases, then question is […]

Many candidates of accountancy profession may have an overwhelming desire to have up to date and comprehensive list for International Standards of Accounting (IAS) or International Financial Reporting Standards (IFRS). Below I have produced a detailed and chronological list of ISA and IFRS that may serve as a model list and may help candidates and […]

Disposals of group companies or associates has been relatively less tested area in exams, despite the fact that the treatment and quite critical and requires thorough understanding and practice. In present economic scenario group disposals have been common for cost cutting purposes. Given the emerging importance, this area may be tested in professional exams.

What is a Hive Down? One company incorporates a subsidiary, i.e. becomes Parent of another company and transfers trade and assets to this new company. The subsidiary is then sold to a third party.

A person’s status of residence, ordinary residence and domicile is of utmost significance when determining taxation implications. Before going into the nitty-gritty of tax consequences associated with a person’s residence status, one must understand definitions with respect to Resident, Ordinary Resident and Domicile.

As far as education is concerned, UK is considered the most prestigious and fruitful option. The theory fits well for having ACCA from United Kingdom. Given the increasing popularity of ACCA, universities and colleges at England have opened their gates for the International Students. Not surprisingly, students from Pakistan are high in number.

Well, the logic behind topic and taxations consequences may not be easier for students to comprehend. Here, I have tried to produce etymology of Personal Service Close companies in summarized and comprehensive way that is easy to understand for students preparing for Taxation paper.

The role and importance of internal audit in development and monitoring of internal controls designed to mitigate business risk in no way can be denied. Internal Audit has gained popularity over the years and it is not only used by Listed companies as traditionally was done in past. It has also brought benefits of cost […]