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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

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9. How Cima Benefits Your Business  Analysis - Understanding the history behind numbers and use it to make business  decisions  Strategy – Using the insight from analysis to help formulate business strategy to creat e  wealth and shareholder value.  Risk - The application of analytical skills to observe business processes end end a pai r  identify and manage risks.  Planning – using accounting techniques to plan and budget.  Communication – knowing what information management needs and explaining  the numbers to non-financial managers. Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Exams4sure.net Get Complete File http://www.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

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11. 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 Exams4sure.net Get Complete File http://www.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

12. 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 Exams4sure.net Get Complete File http://www.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

13. 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 p ersonal income, on business profits, on disposal of chargeable assets): income tax, c apital gains tax, corporation tax - Indirect: imposed on one part of the economy with the intention that the tax burden b e passed on to another (sales tax, VAT) Pass your Cima F1 Financial Reporting and Taxation Exam in first attempt by the help of Exams4sure.net Get Complete File http://www.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

14. 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 Exams4sure.net Get Complete File http://www.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

15. 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.exams4sure.net/cima/f1-exam-questions-dumps.htmlhttp://www.exams4sure.net/cima/f1-exam-questions-dumps.html

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