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Describe the main factors which have influenced the development of financial reporting in the UK?

The Directors of ABC Ltd have asked you to provide a report which explains some key accounting issues that they are interested in:1.Overthelast20yearstheDirectorshavebecomeawareofhowCorporateSocialResponsibilityReportshavebecomestandardreportspublishedbylargecompaniesaroundtheworld.Theyhaveheardthat”IntegratedReporting”seekstoincorporateSustainabilityReportingmattersintoannualreports. a.By referring to 2 large companies from any where in the world with a welldevelopedCorporateSustainabilityResponsibilityReportingstructurecriticallyassessthedifferentwaysCSRhasbeenimplemented. b.Byreviewinganyproposed CSR/frameworksalreadypublished,suggestanyproblemsoropportunitiesyoucanforeseetoincorporatetheseintoannualaccounts.Isitpossibletoc.standardisesuchreportsorwillusershavetoacceptsthatthebestformofstandardisationwillbebysector?(70marks) 2.Currentlythecompanyhastoincludea Cashflow Reportinstatutoryaccounts.CanyoutheformatofthisReportanddescribethebenefitsoftheformatofthereport.”(10marks) 3.Describe the main factors which have influenced the development of financial reporting […]

Compute Mark’s income tax liability for 2019/20. Assume the official rate of interest for 2019/20 is 2.5%.

Question 1: Mark is employed by ABC Ltd, a small family company, in which he holds 20,000 £1 ordinary shares; the remaining 80% are held by the other senior employees. The company accounts show the following information: Year to 30 November 2019 2020 £ £ Salary to Mark (paid at the end of each month) […]

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