Get Easily Chartered Institute of Management Accountants-cima-f1 - exam

1. Chartered Institute of Management Accountants Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Cimadumps.us.net Get Complete File : http://www.cimadumps.us/f1-financial-reporting-and-taxation

2. What is CIMA?  • CIMA is the most relevant accounting qualification for business. Becoming a Chartered Management Accountant can accelerate your career and boost your salary. It is a proven path to business success.

3. CIMA Certificate In Business Accounting

4. Cima F1 Financial Operations: 

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7. Question No 1: • What are the Characteristics of a good tax according to Adam Smith?  • Answer •  Fair (reflect person's ability to pay) •  Absolute (certain not arbitrary) • Convenient (easy to pay) • Efficient (low collection costs) Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Cimadumps.us Get Complete File  • http://www.cimadumps.us/f1-financial-reporting-and-taxation

8. Question No 2: • What are the 3 major principles of good tax policy? • Answer: • Equity • Efficiency (PAYE system) • Economic effects Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Cimadumps.us Get Complete File : http://www.cimadumps.us/f1-financial-reporting-and-taxation

9. Question No 3: • What are 2 types of taxes? • Answer • Direct: imposed directly on the person or enterprise required to pay the tax (tax on personal income, on business profits, on disposal of chargeable assets): income tax, capital gains tax, corporation tax •  Indirect: imposed on one part of the economy with the intention that the tax bur den be passed on to another (sales tax, VAT)  Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Cimadumps.us Get Complete File • http://www.cimadumps.us/f1-financial-reporting-and-taxation

10. Question No 4: • What is Tax incidence? • Answer: • The distribution of the tax burden (who is paying the tax) Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Cimadumps.us Get Complete File http://www.cimadumps.us/f1-financial-reporting-and-taxation

11. Question No 5: • What are the 2 types of incidence? • Answer: • Formal incidence: • the person who has direct contact with the tax authorities •  Actual incidence: the person who actually ends up bearing the cost of the tax Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Exams4sure.net Get Complete File  http://www.cimadumps.us/f1-financial-reporting-and-taxation

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