(C) ZAPRYL BHD is in the process to finalise its financial statements for the year ended 31 December 2019. Based on its current records, the profit before tax is RM3,200,000 (2018: RM3,000,000). However, the followings have been discovered:

(a) Sales invoices dated 24 December 2018 amounted to RM8,000 and 27 December 2019 amounted to RM10,000 were both fake.

(b) An investment property was purchased in January 2015 at a cost of RM2,000,000 with a useful life of 25 years and was accounted using the cost model. However, for the financial year 2019, the management decided to use the revaluation model whereby the fair value on 31 December 2019 is RM2,800,000 (2018 and 2017: RM2,500,000).

(c) A machinery which was purchased on 4 January 2015 at a cost of RM100,000 has been depreciated using the straight-line method for 10 years useful life with a residual value of RM10,000. Assessment revealed that the machine can be used for another three years with no changes in residual value.

Required:

(i) Classify each of the above events according to MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

(ii) Determine the effect of each of the above events on the profit before tax for the financial year ended 31 December 2018 and 2019 after the adjustments have been recorded.

I have purposefully not provided a large selection of readings on this subject.   Research, on your own, the 2017/2018 federal tax reform package.    Make sure that you are using materials that are from December 2017 or later. The proposals to amend the law have been in flux before then, and an intelligent discussion requires the best, newest, information.

Discuss, using external resources to back up your assertions, how the new tax law changes the tax/regulatory/compliance burden on the entrepreneur.   Are the changes for the good? Or not? Please use the law - not politics - to inform your discussion.

Be sure of your sources - you need to present reasoned analysis, not emotional reactions. For instance, many articles will say that the tax reform is skewed towards "the rich" and is therefore bad on its face, without really giving any context or factual substance to support that position. Remember that the top 1% of earners pay 50% of all income taxes. And entrepreneurs, I presume, want to get into that group. Almost any tax reform package will impact the taxpayer that pays the most more than other taxpayers. I don't mind whatever position that you may take here - but it must be fact based - not emotional or based on "fairness" or "I feel" arguments.

When you assess and respond to the needs of at least 3 different people and their carers or family members in the context of your job role and use strengths-based solutions to respond to both routine and unpredictable problems related to care relationships, you are to keep a journal. There are 3 journal templates in the following pages that you can use to record the relevant information while you are working with these three people.

JOURNAL 1 Client Name:    Client A Situation:

Please describe your response below:

The strategies you use to work in a positive manner with the family.

The family patterns and structures and how they impact each person T

he types of lifecycle transitions and the positive and negative impacts these create

The impact of the caring role on family member(s)

The pathways the family take to enter the service and the implications for all stakeholders

The attitudes, stereotypes and false beliefs that family members and other stakeholders have about the person and the service

The carer support services and resources used by each person and their support team

How carer and family members supported the person

What changes occurred in the care relationship and how you respond to those changes

How you promote the carer rights, health and wellbeing during your work with each client.

Provide your answers in the space provided.

Any quantitative questions require showing your work for full credit.

Round all $ problems to the nearest cent.

All other calculations must be to at least the fifth decimal place.

Given the following information: (all numbers are in millions)

Variable rate CD’s = $90 Treasury bills = $150

Discount Loans = $20 Treasury notes = $100

Fixed rate CDs =$160 Money Market deposit accts. = $140

Savings deposits =$90 Fed Funds borrowing = $40

Variable rate mortgage loans = $140 Demand Deposits = $40

Primary Reserves = $50 Fixed rate loans =$210

Fed Funds Lending = $50 Equity Capital = $120

A. Develop a balance sheet from the above data. Be sure to divide your balance sheet into rate-sensitive assets and liabilities as

   we did in class and in the examples.

B. Perform a Standard Gap Analysis and a Duration Analysis using the above data if you have a 1.15% decrease in interest rates

   and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years.

C. Indicate if this bank will remain solvent after the valuation changes. If so, indicate the new level of equity capital after the

   valuation changes. If not, indicate the amount of the shortage in equity capital.

You will be paying $10,800 a year in tuition expenses at the end of the next two years. Bonds currently yield 9%.

a. What is the present value and duration of your obligation? (Do not round intermediate calculations. Round "Present value" to 2 decimal places and "Duration" to 4 decimal places.)

b. What is the duration of a zero-coupon bond that would immunize your obligation and its future redemption value? (Do not round intermediate calculations. Round "Duration" to 4 decimal places and "Future redemption value" to 2 decimal places.)

You buy a zero-coupon bond with value and duration equal to your obligation.

c-1. Now suppose that rates immediately increase to 10%. What happens to your net position, that is, to the difference between the value of the bond and that of your tuition obligation? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Net position changes by            $

c-2. What if rates fall to 8%? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Net position changes by            $

Exercise 4:

Consider an Australian financial institution which has Swiss Franc denominated assets worth 50 million CHF and USD denominated liabilities worth 1 million USD. The past exchange rates in over the past 10 months are:

a) Measure the exposure: Calculate the value of the position in AUD.

b) Measure the sensitivity: Calculate the change (in AUD) in the CHF position for a 1% increase in the value of the Swiss Franc. Calculate the change (in AUD) in the USD position for a 1% increase in the value of the USD.

c) Calculate the past changes in the exchange rate in %.
d) Re-evaluate the portfolio position with the past changes in the exchange rate. e) Calculate the Value at Risk for the next month and α = 10%
f) Calculate the Value at Risk for the next month and α = 20%

A new drug called Xaelenfal is on the market. Xaelenfal is an AMPA receptor antagonist, meaning that it binds onto AMPA receptors without activating them and prevents glutamate from binding.

i. If I take the drug Xaelenfal, how will this effect EPSPs recorded in the postsynaptic neuron when an excitatory presynaptic neuron fires an action potential? (1 point)

ii. How will the drug Xaelenfal effect IPSPs in the postsynaptic neuron when an inhibitory presynaptic neuron fires an action potential? (1 point)

iii. In a normal brain, synapses can get stronger when a presynaptic cell repeatedly causes a postsynaptic cell to depolarize (we call this long-term potentiation, or LTP). Explain how long term potentiation works including the following details. (3 points)
- Name the neurotransmitter that is released by the presynaptic cell.
- Name the receptor that this neurotransmitter binds to on the postsynaptic cell to mediate normal excitatory transmission.
- What other receptors are involved and how do they get recruited?
- List one way in which the presynaptic neuron changes and one way in which the postsynaptic neuron changes during LTP.

iv. Given what you know about plasticity, could Xaelenfal effect the ability of synapses to potentiate. Explain your answer. (2 points)

You will be paying $10,500 a year in tuition expenses at the end of the next two years. Bonds currently yield 8%. a. What is the present value and duration of your obligation? (Do not round intermediate calculations. Round "Present value" to 2 decimal places and "Duration" to 4 decimal places.) Present value $ Duration years b. What is the duration of a zero-coupon bond that would immunize your obligation and its future redemption value? (Do not round intermediate calculations. Round "Duration" to 4 decimal places and "Future redemption value" to 2 decimal places.) Duration years Future redemption value $ You buy a zero-coupon bond with value and duration equal to your obligation. c-1. Now suppose that rates immediately increase to 9%. What happens to your net position, that is, to the difference between the value of the bond and that of your tuition obligation? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Net position changes by $ c-2. What if rates fall to 7%? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Net position changes by $

Multiple Choice

1. Which of the following statements is true regarding investment in equity instruments by choosing to apply the FVOCI option (fair value through other comprehensive income)

1. Everything is correct
2. Subject to the rules for impairment of PSAK 71 / IFRS 9
3. Can be reclassified to FVTPL (fair value through profit or loss)
4. Profits or losses recognized in OCI cannot be recycled to profit or loss

2. Which classification is appropriate for the following financial assets: “A financial asset that is managed in a business model whose purpose would be fulfilled by obtaining contractual cash flows and selling the financial asset and the contractual terms of the financial asset entitling a specific date to cash flows that are solely the principal payment. and interest on the principal outstanding ":

1. Financial assets are measured at fair value through profit or loss
2. Financial assets are measured at cost
3. Financial assets are measured at fair value through other comprehensive income
4. Financial assets are measured at amortized cost

3. Which is the most appropriate statement:

1. Financial assets cannot be reclassified
2. Financial liabilities can be reclassified if, and only if, the entity's business model changes
3. Financial assets and financial liabilities cannot be reclassified
4. Financial assets can be reclassified if, and only if, the entity changes its business model for managing the financial assets.