Day 2. Adjusted Profit / Loss Computations
B1. Adjustment of trading profits / losses for tax purposes
a) Recognise the basis of assessment for self- employment income.
b) Explain the principles of deductible and non- deductible expenditure.
c) Recognise the relief that can be obtained for pre-trading expenditure.
d) Prepare adjusted profit computations.
e) Illustrate the use of capital allowances on commencement and cessation of business.
B1a. Current year basis of assessment
02Explanation3:34
B1a. What expenditure is allowable?
03Explanation6:35
B1a. Past Exam Question
04Past Paper7:35
B1a. Past Exam Question
05Past Paper4:06
B1a. Basis of assessment for self employment income
06Quiz questions
B1. Choosing an accounting date
07Explanation0:58
B1. Past Exam Question
08Past Paper0:49
B1. FTX MCQ6 June 12
09Past Paper1:16
B1c. Pre-trading expenditure
10Explanation3:04
B1c. Illustration - Pre-trading expenditure
11Illustration1:50
B1c. Past Exam Question
12Past Paper0:41
B1c. Relief for pre-trading expenditure
13Quiz questions
CBE Questions
Syllabus B1