Investment trust accounts
Article Abstract:
Investment trusts' accounts differ significantly from those of industrial and commercial companies. The legal and tax framework of investment trusts and their treatment of gains and losses on disposal and revaluation of investments are the major areas in which investment trust accounts differ from other accounts. A disregard for the Statement of Standard Accounting Practice Number 1 (SSAP 1) characterizes investment trust accounts, and their stance toward SSAP 8's requirement regarding advanced corporation tax (ACT) on proposed dividends is typically not to include it as a liability in the balance sheet.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1985
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Should modern fraudsters still be tried by their peers?
Article Abstract:
The Roskill Committee's most controversial recommendation was to abandon trial by jury in complex fraud cases, and the government is seriously studying the report. The writ only covers courts in England and Wales, but it is likely that Scottish officials are also studying its implications. The committee proposes that certain fraud cases be tried under a Fraud Trials Tribunal. Straightforward cases would still be tried by jury. A problem could arise in clearly distinguishing the dividing line between simple and complex fraud.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1986
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Employment law - What next?
Article Abstract:
The British Government's White Paper on Employment and Social Security contains 18 items which pertain to working conditions and employee rights. The proposed changes would affect maternity leave benefits, vocational training, health and safety laws, grievance hearings and dismissal procedures. The purpose of these changes is to promote a more entrepreneurial economy in the United Kingdom.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1986
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