ACCOUNTING is the

language used in all businesses.

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STAKEHOLDERS

any people or groups who are positively or negatively impacted by a project, initiative, policy or organisation

they could be internal (people within an organisation) or external (people outside of an organisation).

accounting rules

accounting standards

International Financial Reporting Standards (IFRS)

International Accounting Standards (IAS)

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Quick Quiz

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Branches of Accounting

How many are there?

Financial Accounting

Cost Accounting

Management Accounting

_{Other Branches of Accounting}

Tax Accounting

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Auditing

Forensic Accounting

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Fund Accounting

Social Accounting

Fiduciary Accounting

Government Accounting

Taxation

Tax Accounting

Tax

A tax is a compulsory financial charge or a type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Tax is the revenue stream to the government.

A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Tax Accounting

Tax accountants determine tax strategies to minimise or eliminate tax payments, and arrange audits with taxation authorities.

Aside preparing tax documents, tax accountants interpret tax laws and explain the implications of any recent changes in the law.

Tax accountants prepare tax documents for a clientele including the public and private companies, non profit organisations, government agencies, and private individuals.

Types of Taxes

• Corporate Tax

• Withholding Tax

• Payroll Tax

• Stamp Duty

• Sales & Service Tax

• Real Property Gains Tax

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Assessment Time

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