Question
(AUSTRALIA) Gail is a director in a regional bank. As part of her directors duties, she has to review financial statements and other reports from
(AUSTRALIA) Gail is a director in a regional bank. As part of her director’s duties, she has to review financial statements and other reports from the Chief Financial Officer prior to the bank’s board meetings. Gail has a degree in economics and has worked in banking for many years, however, since becoming a director she believes accounting knowledge would assist her carry out her duties.
Gail incurred various costs in undertaking a Bachelor of Commerce in professional accountancy with the University of Southern Queensland. During the year ending 30 June 2021.
Gail incurred the following costs related to the course:
HELP fees $2,600
Stationery $180
Textbooks $220
Expenses of travelling between her job and USQ where the course was being held $120.
Required:
Discuss whether any amounts of expenditure incurred.
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Statistics The Art And Science Of Learning From Data
Authors: Alan Agresti, Christine A. Franklin
3rd Edition
9780321849281, 321755944, 321849280, 978-0321755940
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