4G Accounts

Risk management system in profit making organisation

admin@4gaccounts.com — Thu, 01 Nov 2012 13:42:48 +0000

The Profit making organization has primary objective to earn profit and profit is the difference between revenue and total cost. If cost is higher than revenue, loss is incurred and vice verse Some external forces affect the revenue to be decreased and cost to be increased. These forces are known as Risks. Risk Assesment ‘’Risk is [...]

What is Strategy ?

admin@4gaccounts.com — Thu, 01 Nov 2012 10:04:00 +0000

The word strategy is used to mean several different aspect and several different things. Strategy is concerned to the higher management of the organization. Strategy is very important for the development and success of the organization. Strategy is concerned with the behavior of the people both individual and large number. Strategy is the way and [...]

Importance of Benchmarking

admin@4gaccounts.com — Tue, 30 Oct 2012 13:28:44 +0000

External comparisons and study of competitor’s product to assess the technological advancement and quality of product, is the practice of ancient times. BUT, in today’s dynamic business environment there is need of improvement in this old practice. Benchmarking is different practice that leads towards the search, analysis and adoption of “Best Business Practices”, rather than [...]

What should be chosen as career path CFA or FRM

admin@4gaccounts.com — Mon, 29 Oct 2012 20:18:22 +0000

Both Chartered Financial Analyst (CFA) and Financial Risk Management holds distinct positions in the market. Despite the fact that difficulty nand course material are quite similar, but both promise different career paths and nature of the jobs in industry. I hope an over vziew of the exams content, passing criteria and jobs in the market [...]

ICAEW in Pakistan

admin@4gaccounts.com — Mon, 06 Aug 2012 06:56:50 +0000

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. There are numerous benefits associated with doing ICAEW; Recognition: [...]

Why and who commit fraud in organization?

admin@4gaccounts.com — Tue, 15 May 2012 18:45:31 +0000

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 [...]

International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS)

admin@4gaccounts.com — Sun, 13 May 2012 13:46:28 +0000

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 [...]

Accounting Treatment of Disposals of Subsidiary and Associates

admin@4gaccounts.com — Mon, 09 Apr 2012 20:18:50 +0000

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. Treatment [...]

Taxation (UK) Consequences of Management Buy Out and Hive Down

admin@4gaccounts.com — Sat, 24 Mar 2012 18:52:22 +0000

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. Tax Advantages: A ”clean” company (containing assets purchaser requires) is acquired by the purchaser. Unrelieved tax losses become available in new [...]

Tax rates for Tax Year 2012

admin@4gaccounts.com — Tue, 06 Mar 2012 12:25:14 +0000

Usually it’s difficult to find tax rates and slobs when required urgent , that’s why I am sharing almost all frequently used tax rates and slabs for almost every kind of person employed , self employed and companies , hopefully you will find this information useful , for tax rates and slabs are given below. [...]