The most recent Discussion Forum Topics from AccountancyStudents

FX gains

2009-01-08T19:22:42+00:00

Hi,

I was wondering when I can post FX gains to the bank. At work someone has decided to do it everymonth with the asumption that if we were to cash all that money from we will get FX gains.

Thanks,
jose

Accounting Standards and Sole Traders

2009-01-07T16:27:27+00:00

Does anyone know if Accounting Standards apply to Sole traders and Partnerships?

Thanks

Tracey

after ACCA

2009-01-03T19:55:26+00:00

Hi there

I just wanted to ask, can we open up accountancy firm after passing all ACCA exams and gaining 3 years experience.

Thanks in advance

Kind Regards

Mah

Tuition providers near Chelmsford, Essex

2009-01-05T01:02:33+00:00

Does anyone know of any good, reliable, and cheap tuition provider in London or Chelmsford area for F8 and P1? I am doing BPP Distance learning but the taught courses seem a bit expensive. Thanks for the help.

fellow memebers?

2009-01-04T10:38:16+00:00

Hi there

After completing ACCA exams, we become ACCA affiliates.
After gaining 3 years experience we will be members.

But has anyone heard of Associated member and Fellow members???

Kind Regards
Mah

CGT relief question

2009-01-03T14:16:52+00:00

I’m working on an case study a lecturer has given me, and I’ve got stuck on a particular line. It’s either a red herring (this lecturer does tend to put the odd bit of irrelevant information in to trip people up), or something I’ve forgotten about.

I’m working out a taxpayers tax liability for the year 2007/08. He’s got a nicely complex set of tax affairs, including operating as a sole trader and having a part-time job. One of the matters to deal with is the sale of “an antique painting (a non-business asset) for £45,000 which he purchased for £5,000 in January 1995. Proceeds from the sale have been invested in his business”.

I was thinking this was pretty straightforward: proceeds on sale less purchase price, apply indexation allowance to April ‘98 and taper relief for the remainder. What was confusing me was the ‘invested in the business’ part. Does this make any difference?

I’ve been racking my brain and searching through my notes and all I can come up with is Rollover Relief for chargeable gains. But isn’t that for selling a business asset and using the proceeds to buy others of the same class? Which means it doesn’t apply. But isn’t there something somewhere about selling personal assets and using the proceeds to invest in your own business? Or am I making it up?

Any suggestions would be appreciated.

EDIT: just to clarify, this is for the 2007/08 tax year. I know we’re in 08/09- the exam is even going to be in 2009/10- but the course is using 07/08 rules.

AccountancyStudents Additions

2009-01-03T19:47:37+00:00

Hi,

As part of our programme to bring you more resources in 2009, we have today set up a forum “Steve’s Question and Answers”. This is where I will post a series of questions students commonly ask and answer them. I will also place links to various other resources throughout the site that students will benefit from in the answers.

This forum will be updated on a regular basis and will feature questions about the following subject areas:

Tax
Financial Reporting
Audit

I hope you find it useful. It is also hoped that our qualified members can use the forum to keep their knowledge up to date also as I will post ‘everyday’ related queries and answers.

Regards
Steve

New timetables for Tuition Providers

2009-01-01T17:15:36+00:00

Does anyone on here know when Kaplan et al usually release their timetables for the tuition for the June Exams (i.e. June 2009)?

Auditing & Advance auditing ebooks needed

2009-01-01T16:39:55+00:00

Kindly any one has any tpe of ebooks related to auditing and advance auditing which can help me in learning the subject of auditing??

Please email me adeelakhter247 at hotmail dot com

Regards

Happy New Year

2009-01-01T00:14:24+00:00

On behalf of AccountancyStudents, Steve and I would like to wish everyone a happy and peaceful new year.

Regards
Mark and Steve