Abstracts

Business

Search abstracts:

The cost of deferring a consideration

Article Abstract:

Tax treatment for deferred consideration in the disposal of a chargeable asset can be complex, especially when deferred consideration is unquantifiable at the date of sale. Two relevant court cases involving the disposal of land and the disposal of shares are reviewed. In each case, consideration for the disposed asset was separated into categories of actual consideration paid and deferred unquantifiable consideration; the two categories of consideration then received differing tax treatments according to applicable statutes. The cases, their arguments, and their implications are analyzed and discussed in detail.

Taxation, Laws, regulations and rules, Assets (Accounting), Deferred income (Business), Deferred income, Great Britain

---

The independent, objective scorer

Article Abstract:

UK accounting firms' involvement in merchant banking will detract from their independence and objectivity. The merchant banker needs to be partisan and antagonistic. The involvement in merchant banking would harm the accounting profession because: accountants should not become involved in finance and underwriting; accountants should not be involved in making offers for companies; accountants' objectivity would be threatened by their sponsorship of new issues and their leading of deals; and auditors' motivations will be questioned if they publicly attack accounts.

Management, Accountants

---

Similar abstracts:

• Abstracts: The accountant - bean counter or business expert? Breaking the financial code
• Abstracts: Acquisition strategy and the market position of acquiring firms. Strategy and structure in multinational corporations: a revision of the Stopford and Wells model
• Abstracts: The picture in 2015. The prospects for privatization
• Abstracts: Accountants and the costs of compliance. The EC social charter takes shape
• Abstracts: Humanity: the measurable resource. Computer leasing is different. Let the message dictate the medium

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.