30 September: Taxation 2

Date: 30 September 2009

Duration: 1642

Mood: tired and lazy

Today was TAX 2 Final. It's really tiring to have exam at 9am in the morning for four consecutive days.I felt a bit blurred in the exam just now as i was used to waking up late these few weeks.Once i got backed from the exam, i turned myself to sleeping mode till 4pm.

The paper came out as the way we were informed in class. It was just like the " Guideline" she prepared for us. Though i had studied according to the guidelines even to the specific definition of Royalty and Qualifying Mining Allowance, there are still uncertainities and doubts in attempting the question.

I had no idea at all on how to attempt Question 5A " How do tax audit support self assessment and what's the roles of the investigation?". Moreover, i computed overstated income instead of understated income( of normal incident) in Question 5B(a).

Hope this subject would not affect my CGPA.

Tomorrow would be AIS 2. It's a theory subject afterall. If we memorise, we score. However, AIS 2 is some how different from AIS1.It requires a little bit of thinking and in reality application. In contrast, AIS 1 was more towards memorization and application( Follow the steps by steps) of UBS software - Accounting and stock control.

Time for AIS 2 Revision then....^^ Can i not study this???