F6 - TX (UK) | Smart Notes - FA20 by Aziz ur Rehman | till March 2022
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ACCA Candidates frequently fail to remember F6 formulas and Rules. All the Formulas and Rules are presented and well described in your Study Text but it is difficult and lengthy process of writing and making notes by your own about each and every Formula and Rules.
Aziz ur Rehman have made easy for the F6 Candidates. He brought each and every single rule and formula in single document which will be easy for the student to understand and remember.
With the help of the SMART Notes, you'll be well prepared for your acca exams and be able to handle exam questions well and you will enhance the chances of grabbing your accountant qualification or professional qualification. These should actually be a Permanent notes for the F6 Candidates.
Core Topics of F6 Taxation
Income Tax
Corporate Tax
Capital Gains Tax
Value Added Tax
To grab ACCA Qualification, it is must to Clear F6, you should prepared well above hot topics as well as you should well aware of Tax Revenue and its treatment.
Questions usually asked by ACCA Students
What do you mean by taxation?
Taxation is a term for a taxing authority, generally a government, to levy or impose a tax. The term "taxation" refers to all forms of unintended levies, from wages to capital gains to taxes on the assets.
Is f6 ACCA difficult?
Ammm... I would say NO! It would be acceptable if student says F6 (Taxation) is time consuming and lengthy rather than difficult.
My own experience with F6 was Good. I prepared by myself and cleared in First Attempt. I Advice you to keep your focus and prepare well core areas.
You should touch every part and topic of the syllabus, Doesn't matter it is 100% prepared or just half. Make the habit of revising.
Your mind should be like a lithium batteries, Means Rechargeable. When you are tired by studying and practicing, Leave it for a while. Watch a movie of your favorite actor i.e John Connor or a movie Terminator 3 rise of the machines.
Learn about German Sociologist or Learn the Approach of Niklas Luhmann slip box or Play Games or Go Out, Hangout with your Friends, Eat your favorite food. That will help to Recharge your mind.
What is the purpose of taxation?
Governments tax, levy mandatory levies on individuals or organizations. Taxes are now levied in almost every single country of the planet , primarily to boost revenue for state expenditures, although they serve other purposes also.
What is tax and types of taxes?
There are two sorts of taxes namely, direct taxes and indirect taxes. You pay a number of them directly, just like the cringed tax , corporate tax, and wealth tax etc while you pay a number of the taxes indirectly, like value added tax, sales tax and service tax etc.
What is the difference between tax and taxation?
As nouns the difference between taxation and tax is that taxation is that the act of imposing taxes and therefore the fact of being taxed while tax is money paid to the govt aside from for transaction-specific goods and services.
How do I know if I've paid too much tax?
If you pay tax through the PAYE system you'll sometimes pay an excessive amount of tax and notice this by watching your payslip or P800. There are various reasons for this, but the foremost common was being given an incorrect PAYE code - like one called emergency tax which you'll are placed on once you start a new job.
How is tax calculated?
When the govt calculates your total taxable income, what they do, they deduct your personal allowances as well as tax relief from your 'gross income'. this is often the quantity you received before tax.
How many papers are there in ACCA?
The ACCA syllabus consists of 13 papers that are divided into 4 levels:
Applied Knowledge - 3 papers.
The Applied Skills - 6 papers.
The Strategic Professional - 6 papers. But you have to pass only four. 2 are compulsory and 2 optional.
What is an entry requirements for F6?
You just need to clear First Level of ACCA to be eligible to sit for F6. There is NO other requirement.
Does F6 Taxation is Similar to F2 Management Accounting?
Of-course NOT! There is NO Link between Taxation and Management Accounting.
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