Icaew - Study guides, Class notes & Summaries

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ICAEW ACA Law Actual Real Tested Questions And Correct Answers 100% What is the difference between civil law and criminal law? ANSWER : civil law: claimant and defendant criminal law : prosecution and accused True or false: the party brining a civil case to court is known as the prosecution ANSWER : false What is the party in court who is charged with a criminal offence known as? ANSWER : the defendant To what contract would the UN Convention on Contracts for the International ...

In this guide I summarise some of the harder SBM topics and provide a specific guideline/structure on how to answer these questions. I found that these topics were very 'waffley' or not covered in enough detail in the ICAEW notes. Therefore, I have summarised the ICAEW notes, Kaplan notes and taken key parts out of question bank answers to create this guide. The topics included in this guide are: - Financing (including debt vs equity), - Acquisitions and Valuations (including when and how ...

ICAEW LawFeatures of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of punishment 7) Penalties: Fine or imprisonment Features of civil law - correct answer 1) Private law 2) Purpose - to resolve individual disputes 3) Case brought by claimant 4) Burden of proof on cl...

ICAEW ACA LawWhat is the difference between civil law and criminal law? civil law: claimant and defendant criminal law: prosecution and accused true or false: the party brining a civil case to court is known as the prosecution false what is the party in court who is charged with a criminal offence known as? the defendant To what contract would the UN Convention on Contracts for the International Sale of Goods (UNCISG) apply? the sale of commercial vans from a manufacturer in ...

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ICAEW LawWhat does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; - Lack of capacity (due to age or sound of mind) - Lack of free will (duress or undue influence) - Misrepresentation (incorrect facts that made the contract happen) Which agreements must be evi...

Icaew law chapter 7Share - correct answer A member’s stake in a company's share capital Name the two most common types of shares - correct answer Preference shares and ordinary shares Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. Shareholder - correct answer A member of a company who holds one or more shares Define redeemable share - cor...

ICAEW ACA Accounting Questions and Answers Rated A+ Accounting A way of recording, analysing and summarising transactions of an entity. Statement of Profit and Loss It reflects the performance of a business over a period of time. Statement of Financial Position It reflects the position of a business at a point in time. Users of Accounting Any organisation/business/individual who needs to keep track of their income, expenses, assets and liabilities. Types of Business Entity •...

ICAEW ACA Law Actual Real Tested Questions And Correct Answers 100% When does UNCISG apply? ANSWER : When parties have their place of business in different states What is an obligation of the seller under the UNCISG? ANSWER : to deliver goods of quality set out in the contract deliver goods on time To comply with Sharia law, should savings and lending arrangements avoid payment of interest? ANSWER : yes Under sharia law, what is riba? ANSWER : the concept of unlawful gain What...