Acc0104. Accounting Policies
•
3 likes•905 views
Accounting policies refer to the specific principles and methods used to prepare financial statements. They should be selected based on prudence, substance over form, and materiality. The significant accounting policies must be disclosed as part of the financial statements and applied consistently between periods, though a change can occur to comply with accounting standards, laws, or to provide a more accurate representation under changed circumstances. Common areas where accounting policies vary include methods of depreciation, inventory valuation, and treatment of retirement benefits.
Report
Share
Report
Share
![Chapter 1. Accounting an Introduction Unit 4: Accounting Policies ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recommended
Acc0103. Accounting Standards
Accounting standards are issued by the Institute of Chartered Accountants of India (ICAI) through the Accounting Standards Board (ASB) to standardize diverse accounting policies. This is done to harmonize policies, eliminate non-comparability between financial statements, and provide standard accounting policies, valuation norms, and disclosure requirements. The objectives are to ensure transparency, consistency and comparability. However, accounting standards have limitations such as difficulty choosing between alternative treatments and potential rigidity. The document then lists 32 Indian accounting standards.
Accounting policy
This document summarizes International Accounting Standard 8 which provides guidance on selecting and changing accounting policies, accounting for changes in estimates, and correcting errors. The standard aims to enhance the relevance and reliability of financial statements over time and in comparison to other entities. It addresses topics such as retrospectively applying new policies, accounting for policy changes, and disclosing the nature and amount of errors or changes in estimates. The goal is to provide consistency and comparability in financial reporting.
Accounting standard 1st lecture (1)
This document provides an overview of accounting standards in India. It discusses that accounting standards are issued by the Institute of Chartered Accountants of India and are written policies that standardize accounting policies and ensure reliability, comparability and disclosure in financial statements. Specifically, it outlines standards for disclosure of accounting policies, valuation of inventories, cash flow statements, treatment of contingencies and events, and depreciation accounting. The objectives and key aspects of each standard are summarized.
As 1
The document discusses accounting standards and the disclosure of accounting policies. It states that accounting standards aim to harmonize diverse accounting policies to make financial reporting more useful and effective. It also notes that disclosure of accounting policies is important to ensure a proper understanding of financial statements and facilitate meaningful comparison. The disclosure should form part of the financial statements and explain all significant policies, including any changes, at one place.
Disclosure of accounting policies
This document outlines disclosure requirements for accounting policies under Accounting Standard 1. It discusses the need to disclose significant accounting policies to provide transparency and allow proper understanding of financial statements. Key requirements include disclosing all significant policies as a separate part of the financial statements. Any changes in policies that materially affect the financials, or are reasonably expected to do so in the future, must also be disclosed along with details of the impact. Areas where alternative policies can be applied, like depreciation and investments, are provided as examples. The fundamental assumptions of going concern, consistency and accrual must also be disclosed if not followed.
Accounting standard 1
This document discusses the disclosure of accounting policies as outlined in Accounting Standard 1. It states that all significant accounting policies adopted in preparing financial statements must be disclosed together in one place. This includes policies around areas like fixed assets, expenditures, inventories, foreign currency transactions, contingencies, and retirement benefits. The selection of accounting policies considers principles of prudence, substance over form, and materiality to represent a true and fair view in financial statements. Any changes in policies that materially affect financial statement items must also be disclosed, along with their effects.
AS - 1 (Disclosure of Accounting Policies)
This document discusses the disclosure of accounting policies. It states that accounting policies refer to the principles and methods used in preparing financial statements. The selection of policies is the responsibility of management and varies between entities. Key considerations for selecting policies include prudence, substance over form, and materiality. There must be disclosure of any changes in fundamental accounting policies from the previous year. The disclosure aims to promote understanding of financial statements and should include all relevant information in a single place.
As 1 disclousre of accounting policies
This document discusses Accounting Standard 1 regarding the disclosure of accounting policies. It defines an accounting policy as the specific principles and methods used to prepare financial statements. Companies need flexibility to select policies that suit their individual circumstances. Accounting policies must adhere to fundamental assumptions like going concern, accrual, and consistency. When selecting policies, companies consider principles like true and fair view, materiality, substance over form, and prudence. The standard mandates disclosing all significant policies adopted as well as any changes made to existing policies.
Recommended
Acc0103. Accounting Standards
Accounting standards are issued by the Institute of Chartered Accountants of India (ICAI) through the Accounting Standards Board (ASB) to standardize diverse accounting policies. This is done to harmonize policies, eliminate non-comparability between financial statements, and provide standard accounting policies, valuation norms, and disclosure requirements. The objectives are to ensure transparency, consistency and comparability. However, accounting standards have limitations such as difficulty choosing between alternative treatments and potential rigidity. The document then lists 32 Indian accounting standards.
Accounting policy
This document summarizes International Accounting Standard 8 which provides guidance on selecting and changing accounting policies, accounting for changes in estimates, and correcting errors. The standard aims to enhance the relevance and reliability of financial statements over time and in comparison to other entities. It addresses topics such as retrospectively applying new policies, accounting for policy changes, and disclosing the nature and amount of errors or changes in estimates. The goal is to provide consistency and comparability in financial reporting.
Accounting standard 1st lecture (1)
This document provides an overview of accounting standards in India. It discusses that accounting standards are issued by the Institute of Chartered Accountants of India and are written policies that standardize accounting policies and ensure reliability, comparability and disclosure in financial statements. Specifically, it outlines standards for disclosure of accounting policies, valuation of inventories, cash flow statements, treatment of contingencies and events, and depreciation accounting. The objectives and key aspects of each standard are summarized.
As 1
The document discusses accounting standards and the disclosure of accounting policies. It states that accounting standards aim to harmonize diverse accounting policies to make financial reporting more useful and effective. It also notes that disclosure of accounting policies is important to ensure a proper understanding of financial statements and facilitate meaningful comparison. The disclosure should form part of the financial statements and explain all significant policies, including any changes, at one place.
Disclosure of accounting policies
This document outlines disclosure requirements for accounting policies under Accounting Standard 1. It discusses the need to disclose significant accounting policies to provide transparency and allow proper understanding of financial statements. Key requirements include disclosing all significant policies as a separate part of the financial statements. Any changes in policies that materially affect the financials, or are reasonably expected to do so in the future, must also be disclosed along with details of the impact. Areas where alternative policies can be applied, like depreciation and investments, are provided as examples. The fundamental assumptions of going concern, consistency and accrual must also be disclosed if not followed.
Accounting standard 1
This document discusses the disclosure of accounting policies as outlined in Accounting Standard 1. It states that all significant accounting policies adopted in preparing financial statements must be disclosed together in one place. This includes policies around areas like fixed assets, expenditures, inventories, foreign currency transactions, contingencies, and retirement benefits. The selection of accounting policies considers principles of prudence, substance over form, and materiality to represent a true and fair view in financial statements. Any changes in policies that materially affect financial statement items must also be disclosed, along with their effects.
AS - 1 (Disclosure of Accounting Policies)
This document discusses the disclosure of accounting policies. It states that accounting policies refer to the principles and methods used in preparing financial statements. The selection of policies is the responsibility of management and varies between entities. Key considerations for selecting policies include prudence, substance over form, and materiality. There must be disclosure of any changes in fundamental accounting policies from the previous year. The disclosure aims to promote understanding of financial statements and should include all relevant information in a single place.
As 1 disclousre of accounting policies
This document discusses Accounting Standard 1 regarding the disclosure of accounting policies. It defines an accounting policy as the specific principles and methods used to prepare financial statements. Companies need flexibility to select policies that suit their individual circumstances. Accounting policies must adhere to fundamental assumptions like going concern, accrual, and consistency. When selecting policies, companies consider principles like true and fair view, materiality, substance over form, and prudence. The standard mandates disclosing all significant policies adopted as well as any changes made to existing policies.
Accounting standards
The document discusses accounting standards and International Financial Reporting Standards (IFRS). It provides an overview of 32 accounting standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) that provide guidelines for accounting treatments and disclosures. It also summarizes 21 International Accounting Standards (IAS) issued by the International Accounting Standards Board (IASB). The goals of accounting standards and IFRS are to harmonize accounting policies, eliminate non-comparability, improve reliability of financial statements, and ensure transparency and consistency for the benefit of the economy, investors, industry and accounting professionals.
As 1 Disclosure of Accounting Policy
1) The document discusses the key aspects of Accounting Standard 1 (AS-1) regarding disclosure of accounting policies, including the meaning of accounting policies, disclosure requirements of fundamental accounting assumptions, factors to consider when selecting accounting policies, and disclosing changes in accounting policies.
2) Fundamental accounting assumptions include going concern, consistency, and accrual. Significant accounting policies adopted must be disclosed as part of the financial statements in a single place.
3) Key considerations for selecting accounting policies are providing a true and fair view, prudence, substance over form, and materiality. Any changes in accounting policies that materially affect the financial statements must be disclosed along with the financial impact.
accounting standard
This document lists 28 Indian Accounting Standards (AS) that provide guidance on accounting treatments for various financial transactions and reporting. It includes AS on topics like disclosure of accounting policies, valuation of inventories, cash flow statements, contingencies, revenue recognition, fixed assets, government grants, investments, retirement benefits, taxes, and impairment of assets. The standards are issued by the Institute of Chartered Accountants of India to standardize accounting practices.
frs101
FRS 101 provides guidance on preparing and presenting general purpose financial statements. It aims to ensure comparability within an entity's financial statements over time and between entities. FRS 101 requires a statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows, and notes. It also provides guidelines on classifying assets and liabilities as current or non-current, and disclosing additional information in the notes. The financial statements must be clearly identified and present relevant information in a fair, comparable, and understandable manner.
Ias 8
This document provides an overview of IAS 8, which establishes principles for selecting accounting policies, accounting for changes in estimates and correcting errors. It defines key terms and outlines requirements for changes in policies, estimates and error corrections. The standard aims to ensure financial statements provide reliable and relevant information. Accounting policy changes must be applied retrospectively, while estimate changes are applied prospectively. Errors are corrected retrospectively. Disclosures are required for policy changes, estimate changes and prior period errors.
Accounting Standard -1
This document discusses accounting standards for disclosure of accounting policies. It defines accounting policies as the principles used in preparing and presenting financial statements. Key accounting policies that must be disclosed include the method of depreciation, inventory valuation, treatment of foreign currency transactions, and treatment of investments. Notes to the accounts provide explanations of items in the financial statements. Fundamental accounting assumptions like going concern, consistency, and accrual must be followed unless disclosure is provided. Selection of accounting policies should be based primarily on achieving a true and fair view, with secondary considerations including prudence, substance over form, and materiality. Changes in accounting policies require disclosure of the old policy, new policy, reasons for change, and impact on the current year.
Accounting standard 1
This document discusses accounting policies and the disclosure of accounting policies according to AS-1. It defines accounting policies as the specific principles and methods used in preparing and presenting financial statements, such as depreciation methods and inventory valuation. Fundamental accounting assumptions that must be followed include going concern, consistency, and accrual. However, any deviations from these assumptions must be disclosed. Accounting policies are selected based on the objectives of true and fair view, prudence, substance over form, and materiality. The document also notes other factors like statutes, compliance with accounting standards, and appropriate financial statement presentation in policy selection.
Frs108 fa3
This document discusses accounting policies, changes in accounting estimates, and errors according to FRS 108. It defines accounting policies and outlines the rules for changes in accounting policies, estimates, and correcting prior period errors. Changes in accounting policies must be applied retrospectively unless impractical, while changes in estimates are applied prospectively. Material prior period errors require restating comparative financial statement amounts.
8
Types of accounting changes and corrections:
1. Changes in accounting policy - adoption of a new policy required or permitted by standards.
2. Changes in accounting estimates - revisions due to new information or changed circumstances, handled prospectively.
3. Correction of errors - omissions or misstatements in prior periods, corrected retrospectively.
Accounting for changes depends on type of change. Changes in policy applied retrospectively when practicable, otherwise prospectively. Estimates changes applied prospectively. Errors corrected retrospectively through restatement of prior periods in comparative statements. Disclosures required for policy changes and material estimate changes.
IAS 8/ Ind AS 8
This document outlines the accounting policies, changes in estimates and errors per Ind AS 8. It discusses the hierarchy for selecting accounting policies, requirements for disclosing accounting policies and judgments, and how to account for changes in policies, estimates and errors. When a policy changes due to a new standard, it is applied retrospectively with prior periods restated. Changes in estimates are applied prospectively. Errors are corrected by restating prior periods presented in the first set of financial statements after discovery. Limitations and disclosure requirements are also outlined.
Accounting policies, estimates and errors
This document provides guidance on selecting and applying accounting policies, making changes to accounting estimates and corrections of errors. It discusses key aspects such as:
- Selecting accounting policies that result in relevant and reliable financial statements.
- Applying policies consistently unless specifically directed otherwise.
- Only changing policies if required by a new standard or to provide more useful information.
- Accounting for changes in estimates and errors in prior period financial statements.
- Several examples are provided to illustrate these concepts.
IAS 8
IAS 8 provides guidance on selecting accounting policies, accounting for changes in accounting policies, accounting estimates, and accounting for errors. It requires accounting policies to be selected based on relevance and reliability. Changes in accounting policies are accounted for retrospectively unless transitional provisions exist. Changes in estimates are accounted for prospectively. Errors are corrected retrospectively through restatement unless impracticable, in which case corrections affect the current period.
IAS 8 Presentation Slide
This document presents an introduction to a presentation on IAS 8 Accounting Policies, Changes in Accounting Estimates, and Errors. It lists the names and IDs of the presentation team members and provides an overview of the objectives and requirements of IAS 8. It discusses accounting policies, changes in estimates, and errors, including examples. It also includes sample financial statement extracts and solutions to demonstrate the accounting treatment for changes in policies, estimates, and corrections of prior period errors.
Accounting standards
This document discusses various Indian accounting standards. It provides an overview of 15 accounting standards, including standards on contingencies and events after the balance sheet date, extraordinary items, changes in accounting estimates and policies, effects of changes in foreign exchange rates, government grants, borrowing costs, leases, earnings per share, intangible assets, and provisions, contingent liabilities, and contingent assets. The standards are issued by the Accounting Standards Board of ICAI to establish uniform practices for financial statement preparation according to Indian GAAP for improved transparency and understanding by users.
Ias 8 accounting policies changes in accounting estimates
This document discusses accounting policies, changes in accounting estimates and errors as per IAS 8. It provides an overview of the objectives and key concepts related to selection and application of accounting policies, changes in accounting policies, changes in accounting estimates and correction of errors. It explains the accounting treatment for changes in accounting policies, changes in accounting estimates and prior period errors as per IAS 8 and compares it with similar requirements in Indian GAAP.
Economy and politics
The document discusses accounting methods and financial statement analysis. It provides information on:
1) The key accounting methods of cash-basis and accrual accounting, outlining their benefits and drawbacks. Accrual accounting provides a clearer picture of financial performance and position by recognizing revenues and expenses in the period they are earned or incurred, rather than when cash is received or paid.
2) The steps involved in financial statement analysis, including stating objectives, gathering data, processing information, analyzing and interpreting results, reporting conclusions, and updating analysis over time.
3) How accrual-basis accounting differs from cash-basis accounting and can provide a more accurate view of a company's financial health by recording unpaid expenses and
Financial analysis
The document discusses key financial statements including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity. It provides examples of each statement and explains what each measures and why they are important. For example, it states the balance sheet provides a snapshot of a company's health on a given date, showing if it has more assets than liabilities, while the income statement measures performance over a period by showing revenues, expenses, and profits.
D ias 8
Here are the steps to correct the prior period error in accordance with IAS 8:
1. Restate the financial statements for 2017 by decreasing net profit by 30,000 (to recognize the omitted amortization expense).
2. Increase accumulated depreciation by 30,000 as of January 1, 2017.
3. Decrease retained earnings as of January 1, 2017 by 30,000 (net of tax).
4. Disclose the nature of the prior period error and the adjustment to each financial statement line item affected.
5. No adjustment is required for 2018 financial statements.
The key requirements of IAS 8 are to retrospectively restate the prior period financial statements for the effects of
As 5
Here is Details study on Accounting Standard 5(AS-5) i.e. Net Profit & Loss for the Prior Period Items and Changes in Accounting Policy with amazing visual effects. Power Point Presentation on Accounting Standard 5
As 25
Accounting Standard 25 outlines the requirements for interim financial reporting in India. It prescribes that interim reports include a condensed balance sheet, condensed statement of profit and loss, and condensed cash flow statement. The standard also describes that interim reports should apply the same recognition and measurement principles as annual financial reports and include any significant changes to estimates from prior interim periods.
Chapter 38 – Operation of Partnerships and Related Forms
The document discusses duties and liabilities of partners in partnerships. It notes that partners owe each other and the partnership the highest degree of loyalty and must act in good faith. Partners are not entitled to wages but share profits and losses. Management decisions generally require majority rule consent, and partners have authority to bind the partnership in ordinary business dealings but may limit authority through agreements. Partnerships and partners are liable for torts committed in the ordinary course of business but LLPs limit individual partner liability.
Chapter 39 – Partners’ Dissociation and Partnerships’ Dissolution and Winding Up
This chapter discusses partnership dissolution, winding up, and changes in partnership structure. It defines dissociation as a partner leaving the partnership and outlines wrongful vs. nonwrongful dissociation. Dissolution begins the winding up process of selling assets and distributing proceeds. The document discusses partnership termination, continuing the business after dissociation, and buying out dissociated partners' shares. It also covers adding new partners and the case Warnick v. Warnick regarding dissociation and buyout remedies.
More Related Content
What's hot
Accounting standards
The document discusses accounting standards and International Financial Reporting Standards (IFRS). It provides an overview of 32 accounting standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) that provide guidelines for accounting treatments and disclosures. It also summarizes 21 International Accounting Standards (IAS) issued by the International Accounting Standards Board (IASB). The goals of accounting standards and IFRS are to harmonize accounting policies, eliminate non-comparability, improve reliability of financial statements, and ensure transparency and consistency for the benefit of the economy, investors, industry and accounting professionals.
As 1 Disclosure of Accounting Policy
1) The document discusses the key aspects of Accounting Standard 1 (AS-1) regarding disclosure of accounting policies, including the meaning of accounting policies, disclosure requirements of fundamental accounting assumptions, factors to consider when selecting accounting policies, and disclosing changes in accounting policies.
2) Fundamental accounting assumptions include going concern, consistency, and accrual. Significant accounting policies adopted must be disclosed as part of the financial statements in a single place.
3) Key considerations for selecting accounting policies are providing a true and fair view, prudence, substance over form, and materiality. Any changes in accounting policies that materially affect the financial statements must be disclosed along with the financial impact.
accounting standard
This document lists 28 Indian Accounting Standards (AS) that provide guidance on accounting treatments for various financial transactions and reporting. It includes AS on topics like disclosure of accounting policies, valuation of inventories, cash flow statements, contingencies, revenue recognition, fixed assets, government grants, investments, retirement benefits, taxes, and impairment of assets. The standards are issued by the Institute of Chartered Accountants of India to standardize accounting practices.
frs101
FRS 101 provides guidance on preparing and presenting general purpose financial statements. It aims to ensure comparability within an entity's financial statements over time and between entities. FRS 101 requires a statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows, and notes. It also provides guidelines on classifying assets and liabilities as current or non-current, and disclosing additional information in the notes. The financial statements must be clearly identified and present relevant information in a fair, comparable, and understandable manner.
Ias 8
This document provides an overview of IAS 8, which establishes principles for selecting accounting policies, accounting for changes in estimates and correcting errors. It defines key terms and outlines requirements for changes in policies, estimates and error corrections. The standard aims to ensure financial statements provide reliable and relevant information. Accounting policy changes must be applied retrospectively, while estimate changes are applied prospectively. Errors are corrected retrospectively. Disclosures are required for policy changes, estimate changes and prior period errors.
Accounting Standard -1
This document discusses accounting standards for disclosure of accounting policies. It defines accounting policies as the principles used in preparing and presenting financial statements. Key accounting policies that must be disclosed include the method of depreciation, inventory valuation, treatment of foreign currency transactions, and treatment of investments. Notes to the accounts provide explanations of items in the financial statements. Fundamental accounting assumptions like going concern, consistency, and accrual must be followed unless disclosure is provided. Selection of accounting policies should be based primarily on achieving a true and fair view, with secondary considerations including prudence, substance over form, and materiality. Changes in accounting policies require disclosure of the old policy, new policy, reasons for change, and impact on the current year.
Accounting standard 1
This document discusses accounting policies and the disclosure of accounting policies according to AS-1. It defines accounting policies as the specific principles and methods used in preparing and presenting financial statements, such as depreciation methods and inventory valuation. Fundamental accounting assumptions that must be followed include going concern, consistency, and accrual. However, any deviations from these assumptions must be disclosed. Accounting policies are selected based on the objectives of true and fair view, prudence, substance over form, and materiality. The document also notes other factors like statutes, compliance with accounting standards, and appropriate financial statement presentation in policy selection.
Frs108 fa3
This document discusses accounting policies, changes in accounting estimates, and errors according to FRS 108. It defines accounting policies and outlines the rules for changes in accounting policies, estimates, and correcting prior period errors. Changes in accounting policies must be applied retrospectively unless impractical, while changes in estimates are applied prospectively. Material prior period errors require restating comparative financial statement amounts.
8
Types of accounting changes and corrections:
1. Changes in accounting policy - adoption of a new policy required or permitted by standards.
2. Changes in accounting estimates - revisions due to new information or changed circumstances, handled prospectively.
3. Correction of errors - omissions or misstatements in prior periods, corrected retrospectively.
Accounting for changes depends on type of change. Changes in policy applied retrospectively when practicable, otherwise prospectively. Estimates changes applied prospectively. Errors corrected retrospectively through restatement of prior periods in comparative statements. Disclosures required for policy changes and material estimate changes.
IAS 8/ Ind AS 8
This document outlines the accounting policies, changes in estimates and errors per Ind AS 8. It discusses the hierarchy for selecting accounting policies, requirements for disclosing accounting policies and judgments, and how to account for changes in policies, estimates and errors. When a policy changes due to a new standard, it is applied retrospectively with prior periods restated. Changes in estimates are applied prospectively. Errors are corrected by restating prior periods presented in the first set of financial statements after discovery. Limitations and disclosure requirements are also outlined.
Accounting policies, estimates and errors
This document provides guidance on selecting and applying accounting policies, making changes to accounting estimates and corrections of errors. It discusses key aspects such as:
- Selecting accounting policies that result in relevant and reliable financial statements.
- Applying policies consistently unless specifically directed otherwise.
- Only changing policies if required by a new standard or to provide more useful information.
- Accounting for changes in estimates and errors in prior period financial statements.
- Several examples are provided to illustrate these concepts.
IAS 8
IAS 8 provides guidance on selecting accounting policies, accounting for changes in accounting policies, accounting estimates, and accounting for errors. It requires accounting policies to be selected based on relevance and reliability. Changes in accounting policies are accounted for retrospectively unless transitional provisions exist. Changes in estimates are accounted for prospectively. Errors are corrected retrospectively through restatement unless impracticable, in which case corrections affect the current period.
IAS 8 Presentation Slide
This document presents an introduction to a presentation on IAS 8 Accounting Policies, Changes in Accounting Estimates, and Errors. It lists the names and IDs of the presentation team members and provides an overview of the objectives and requirements of IAS 8. It discusses accounting policies, changes in estimates, and errors, including examples. It also includes sample financial statement extracts and solutions to demonstrate the accounting treatment for changes in policies, estimates, and corrections of prior period errors.
Accounting standards
This document discusses various Indian accounting standards. It provides an overview of 15 accounting standards, including standards on contingencies and events after the balance sheet date, extraordinary items, changes in accounting estimates and policies, effects of changes in foreign exchange rates, government grants, borrowing costs, leases, earnings per share, intangible assets, and provisions, contingent liabilities, and contingent assets. The standards are issued by the Accounting Standards Board of ICAI to establish uniform practices for financial statement preparation according to Indian GAAP for improved transparency and understanding by users.
Ias 8 accounting policies changes in accounting estimates
This document discusses accounting policies, changes in accounting estimates and errors as per IAS 8. It provides an overview of the objectives and key concepts related to selection and application of accounting policies, changes in accounting policies, changes in accounting estimates and correction of errors. It explains the accounting treatment for changes in accounting policies, changes in accounting estimates and prior period errors as per IAS 8 and compares it with similar requirements in Indian GAAP.
Economy and politics
The document discusses accounting methods and financial statement analysis. It provides information on:
1) The key accounting methods of cash-basis and accrual accounting, outlining their benefits and drawbacks. Accrual accounting provides a clearer picture of financial performance and position by recognizing revenues and expenses in the period they are earned or incurred, rather than when cash is received or paid.
2) The steps involved in financial statement analysis, including stating objectives, gathering data, processing information, analyzing and interpreting results, reporting conclusions, and updating analysis over time.
3) How accrual-basis accounting differs from cash-basis accounting and can provide a more accurate view of a company's financial health by recording unpaid expenses and
Financial analysis
The document discusses key financial statements including the balance sheet, income statement, statement of cash flows, and statement of shareholders' equity. It provides examples of each statement and explains what each measures and why they are important. For example, it states the balance sheet provides a snapshot of a company's health on a given date, showing if it has more assets than liabilities, while the income statement measures performance over a period by showing revenues, expenses, and profits.
D ias 8
Here are the steps to correct the prior period error in accordance with IAS 8:
1. Restate the financial statements for 2017 by decreasing net profit by 30,000 (to recognize the omitted amortization expense).
2. Increase accumulated depreciation by 30,000 as of January 1, 2017.
3. Decrease retained earnings as of January 1, 2017 by 30,000 (net of tax).
4. Disclose the nature of the prior period error and the adjustment to each financial statement line item affected.
5. No adjustment is required for 2018 financial statements.
The key requirements of IAS 8 are to retrospectively restate the prior period financial statements for the effects of
As 5
Here is Details study on Accounting Standard 5(AS-5) i.e. Net Profit & Loss for the Prior Period Items and Changes in Accounting Policy with amazing visual effects. Power Point Presentation on Accounting Standard 5
As 25
Accounting Standard 25 outlines the requirements for interim financial reporting in India. It prescribes that interim reports include a condensed balance sheet, condensed statement of profit and loss, and condensed cash flow statement. The standard also describes that interim reports should apply the same recognition and measurement principles as annual financial reports and include any significant changes to estimates from prior interim periods.
What's hot (20)
Ias 8 accounting policies changes in accounting estimates
Ias 8 accounting policies changes in accounting estimates
Viewers also liked
Chapter 38 – Operation of Partnerships and Related Forms
The document discusses duties and liabilities of partners in partnerships. It notes that partners owe each other and the partnership the highest degree of loyalty and must act in good faith. Partners are not entitled to wages but share profits and losses. Management decisions generally require majority rule consent, and partners have authority to bind the partnership in ordinary business dealings but may limit authority through agreements. Partnerships and partners are liable for torts committed in the ordinary course of business but LLPs limit individual partner liability.
Chapter 39 – Partners’ Dissociation and Partnerships’ Dissolution and Winding Up
This chapter discusses partnership dissolution, winding up, and changes in partnership structure. It defines dissociation as a partner leaving the partnership and outlines wrongful vs. nonwrongful dissociation. Dissolution begins the winding up process of selling assets and distributing proceeds. The document discusses partnership termination, continuing the business after dissociation, and buying out dissociated partners' shares. It also covers adding new partners and the case Warnick v. Warnick regarding dissociation and buyout remedies.
Chapter 38 – Operation of Partnerships and Related Forms
This document discusses partnership duties and liability. It covers key duties partners owe each other including loyalty and good faith. Partners generally cannot compete with the partnership without consent. The document also discusses liability of partners for torts and contracts committed by other partners, as well as how limited liability partnerships can reduce some personal liability for partners.
Partnership Accounting 2
The document discusses partnerships, including their definition, advantages, and disadvantages. Specifically:
- A partnership is a business relationship between two or more people who combine their money, skills, and/or property.
- Advantages include greater resources and easier organization than a sole proprietorship. Disadvantages include unlimited liability for partners and the partnership having a limited life.
- Partnerships allow for pooling of money, skills, and other resources but each partner is subject to unlimited liability for the partnership's debts.
Accounting for partnership part 1
its my first !
please #follow so that i will make more for all
it is according to class 12 syllabus ! hopefully it will weak students like me ! it contains all fundamentals of partnership firm.
it also usefull in xam times as revision notes!
for more just follow me !
fb@venuankush
class 12 / completeguide
11 Tips On Problem Solving Skills – Overcome Difficulties
This document provides tips on problem solving skills. Some of the key tips include: identifying problems clearly; analyzing problems thoroughly to understand the root causes; prioritizing important problems and solving them as soon as possible; asking for help from others when needed; generating potential solutions instead of sticking to only popular ones; making detailed plans to carry out chosen solutions; and carrying out the solutions step-by-step with a positive attitude. The overall message is that having strong problem solving skills can help one deal with difficulties more efficiently.
Viewers also liked (6)
Chapter 38 – Operation of Partnerships and Related Forms
Chapter 38 – Operation of Partnerships and Related Forms
Chapter 39 – Partners’ Dissociation and Partnerships’ Dissolution and Winding Up
Chapter 39 – Partners’ Dissociation and Partnerships’ Dissolution and Winding Up
Chapter 38 – Operation of Partnerships and Related Forms
Chapter 38 – Operation of Partnerships and Related Forms
11 Tips On Problem Solving Skills – Overcome Difficulties
11 Tips On Problem Solving Skills – Overcome Difficulties
Similar to Acc0104. Accounting Policies
Financial accounting icab chapter 4 reporting financial performance
Financial accounting icab chapter 4 reporting financial performance
Financial accounting icab chapter 4 reporting financial performance
Financial accounting, icab ,chapter 4 ,reporting financial performance
Accounting std 1
1. The document outlines the requirements for disclosing accounting policies according to AS-1 on the disclosure of accounting policies.
2. It discusses the meaning and significance of accounting policies, how policies can vary between enterprises but must be consistently applied, and the fundamental assumptions of going concern, consistency, and accrual basis.
3. The document also provides details on the scope of accounting policy disclosure, areas where policies may differ, factors to consider when selecting policies, and the overall requirement to disclose significant accounting policies used to prepare financial statements.
27268asb as-1
This document outlines accounting standard AS 1 on the disclosure of accounting policies. It discusses the need for disclosing significant accounting policies to provide transparency and allow for meaningful comparison between financial statements. The standard specifies that all significant policies, such as methods of depreciation, treatment of foreign currency items, and valuation of investments, should be disclosed as a single statement within the financial statements. It also mandates disclosure of any changes in policies and their material impacts. By standardizing policy disclosures, this aims to improve understanding of reported financial information.
Financial Reporting Council Accounting
This document summarizes the findings of a project examining accounting policy disclosures and the integration of related financial information in corporate reports. It gathered input from 16 companies and 19 institutional investors. Key findings include:
1) Investors want improved prominence and quality of disclosures for significant accounting policies, but views differ on how non-significant policies should be presented. 2) Attributes that may indicate a significant policy include material transactions, accounting choices, and policies requiring significant judgement or estimation. 3) Investors find current disclosures often include boilerplate text and lack company-specific details. They want disclosures to better explain policy applications, judgements, and impacts. 4) Opinions are mixed on note ordering and integrating financial statements with
Gaap
GAAP refers to the common set of accounting principles, standards and procedures that ensure consistent accounting procedures are followed in recording business transactions and preparing financial statements. GAAP is based on basic accounting assumptions like separate entity, monetary unit and time period, as well as principles like historical cost, full disclosure and revenue recognition. Publicly traded companies must follow GAAP to provide transparent and consistent financial reporting. Similarly, IAS are international standards that facilitate cross-border capital flows and global business by standardizing financial reporting across countries.
Accounting Standard 1
Accounting Standard 1 discusses the disclosure of accounting policies. Accounting policies refer to the specific principles and methods used to prepare financial statements, such as the methods of depreciation, treatment of construction expenditures, currency conversion, and inventory valuation. Disclosing all significant accounting policies together is helpful for readers to understand and compare financial statements. Fundamental assumptions like going concern, consistency, and accrual must be followed. Selection of policies should exhibit a true and fair view while considering prudence, substance over form, and materiality. Changes in policies are allowed if required by statute, compliance with standards, or to provide a more appropriate presentation.
Acc0102. Accounting Concepts & Principles
GAAP and accounting standards form the theory base of accounting and describe rules for preparing financial statements. Accounting conventions emerge from commonly used accounting principles and practices, though they do not need universal application. Key accounting concepts include the entity, money measurement, periodicity, accrual, matching, going concern, cost, and realization concepts. Accounting principles should be based on assumptions, simple to understand, consistently followed, reflect future predictions, and be informative for users.
Accounting standards
This accounting standard provides guidance on the valuation of inventories. It states that inventories should be valued at the lower of cost and net realizable value. Cost includes all costs of purchase, costs of conversion, and other costs incurred to bring the inventories to their present location and condition. Costs must be systematically allocated, including an appropriate share of fixed and variable production overheads. The standard describes the different elements that make up the cost of inventories.
Accounts
The document discusses key accounting concepts, conventions, policies, and standards. It provides explanations of four fundamental accounting concepts: accruals, consistency, going concern, and prudence. It also outlines four main accounting conventions: disclosure, materiality, consistency, and conservatism. The document notes that accounting policies are the specific procedures used by a company to prepare financial statements according to generally accepted accounting principles. Finally, it gives an example of how depreciation policies differ between Indian and US accounting standards.
Financial Accounting ICAB chapter 1 Conceptual and regulatory framework
Financial Accounting ICAB chapter 1 Conceptual and regulatory frameworkSazzad Hossain, ITP, MBA, CSCA™
Financial Accounting ICAB chapter 1 Conceptual and regulatory framework
Financial Accounting ICAB chapter 1 Conceptual and regulatory framework
Financial Accounting, ICAB, chapter 1, Conceptual and regulatory framework
Research paper
International Financial Reporting Standards (IFRS) are designed to provide a common global language for business financial reporting to make company accounts understandable and comparable internationally. IFRS are replacing many different national accounting standards. Pakistan has adopted most IFRS, with some exceptions. This document discusses the history and standard-setting bodies of IFRS and Generally Accepted Accounting Principles (GAAP), the objectives and concepts of financial reporting, and how accounting standards are set in different jurisdictions and institutions.
Lec 1 INTRODUCTION TO FINANCIAL ACCOUNTING.pptx
This document provides an introduction to financial accounting. It outlines the course, covering topics such as the meaning of accounting, differences between bookkeeping and accounting, accounting concepts and conventions, branches of accounting, and the nature of accounts. Key terms are also defined, such as assets, liabilities, revenue, and expenses. The document is intended to provide understanding of how financial statements are prepared and the fundamentals of financial accounting theory.
Intro to giuyt
The document provides an overview of key accounting concepts including the three primary forms of business organization (sole proprietorship, partnership, corporation), branches of accounting (financial accounting, management accounting), the basic financial statements (income statement, balance sheet, cash flow statement), accounting principles, concepts, and conventions. It also describes the three principal types of business activity (financing, investing, operating), and defines key terms like assets, liabilities, equity, revenues and expenses.
F6003Ch 03.php(1)
The document provides an overview of key concepts in accounting analysis. It discusses factors that influence the quality of financial reports, international financial reporting standards, external auditing requirements, and public enforcement of standards. It also outlines six steps for performing accounting analysis: 1) identify principal accounting policies, 2) assess accounting flexibility, 3) evaluate accounting strategy, 4) evaluate disclosure quality, 5) identify potential red flags, and 6) undo accounting distortions. Throughout, it emphasizes the importance of understanding a company's accounting choices and incentives to effectively analyze its financial information.
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
The accounting concepts/conventions/principles applied are:
- Entity concept - Accounts are prepared separately for Farhan's small business and not combined with his personal affairs.
- Going concern concept - The accounts are prepared on the assumption that the business will continue operating in the foreseeable future.
- Accrual basis of accounting - Revenues and expenses are recognized in the period earned/incurred rather than when cash is received/paid out.
- Matching principle - Expenses are matched against the revenues of the period to determine the profit of RM25,000 for the period.
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
The accounting concepts/conventions/principles applied are:
- Entity concept - Accounts are prepared for Farhan's small business separately from his personal affairs.
- Going concern concept - The accounts are prepared on the assumption that the business will continue to operate in the foreseeable future.
- Accrual basis of accounting - Revenues and expenses are recognized in the period earned/incurred rather than when cash is received/paid out.
b. The company recorded its land at cost of RM500,000 in 2010. In 2015, the market value of the land increased to RM800,000 but the company did not revalue the land in its books.
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESS
Principles of Accounting, Volume 1: Financial Accounting
PowerPoint Image Slideshow
Chapter Outline
4.1 Explain the Concepts and Guidelines Affecting Adjusting Entries
4.2 Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries
4.3 Record and Post the Common Types of Adjusting Entries
4.4 Use the Ledger Balances to Prepare an Adjusted Trial Balance
4.5 Prepare Financial Statements Using the Adjusted Trial Balance
Module 4.1 Explain the Concepts and Guidelines Affecting Adjusting
Entries
Public companies use either US generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), as allowed by the Securities and Exchange Commission (SEC) regulations.
Companies, public or private, using US GAAP or IFRS prepare their financial statements using the rules of accrual accounting.
With accrual basis accounting, revenues and expenses are recorded in the accounting period in which they were earned or incurred, no matter when cash receipts or payments occur. Individually, these are the revenue recognition principle and the expense recognition principle. Collectively they are known as the matching principle.
The accrual method standardizes reporting information for comparability purposes.
Comparable information is important to external users of information trying to make investment or lending decisions, and to internal users trying to make decisions about company performance, budgeting, and growth strategies.
Some nonpublic companies may choose to use cash basis accounting rather than accrual basis accounting to report financial information.
Teacher Notes: In this chapter, we look at Steps 5, 6, and 7 of the accounting cycle, but to understand why these stages occur, it is first necessary to understand the following concepts: accrual accounting, accounting period, and calendar versus fiscal year.
3
An accounting period breaks down company financial information into specific time spans and can cover a month, a quarter, a half-year, or a full year.
Public companies governed by GAAP are required to present quarterly (three-month) accounting period financial statements called 10-Qs.
Most public and private companies keep monthly, quarterly, and yearly (annual) period information. This is helpful for users needing up-to-date financial data to make decisions about company investment and growth.
Accounting Period
A company may choose its yearly reporting period to be based on a calendar or fiscal year.
A calendar year shows financial data from January 1 to December 31 of a specific year.
A fiscal year is a twelve-month reporting cycle that can begin in any month and records financial data for that consecutive twelve-month period.
An interim period is any reporting period shorter than a full year (fiscal or calendar). They can be monthly, quarterly, or half-year statements. The information contained on these statements is timelier than waiting for ...
22420 Accounting Standards And Regulations.docx
This document discusses the key accounting policies of CSL Limited, an Australian biotechnology company. It identifies revenue, inventories, and provisions as the three most significant accounting policies based on the level of management judgement and estimates involved. The document also discusses the applicable accounting standards for each policy area and analyzes the flexibility management has in selecting accounting policies and estimates. Lastly, it assesses the potential incentives and efficiencies behind CSL Limited's accounting strategies for revenue recognition.
Session 1 - Takatsugu Ochi, IASB
This presentation was made by Takatsugu Ochi, IASB, at the 18th Annual Meeting of OECD Senior Financial Management and Reporting Officials held at the OECD Conference Centre, Paris, on 1-2 March 2018
IAS-08 (Ammara Qasim).pptx
This document summarizes the key aspects of IAS 8 regarding accounting policies, changes in accounting policies, accounting estimates, and errors. It discusses how accounting policies are determined, the requirements for consistency and changes in policies, the treatment of estimates and errors, and disclosure requirements. A change in policy is applied retrospectively while a change in estimate is recognized prospectively. Prior period errors are corrected by restating comparative amounts or adjusting opening balances, with disclosure of corrections.
Similar to Acc0104. Accounting Policies (20)
Financial accounting icab chapter 4 reporting financial performance
Financial accounting icab chapter 4 reporting financial performance
Financial Accounting ICAB chapter 1 Conceptual and regulatory framework
Financial Accounting ICAB chapter 1 Conceptual and regulatory framework
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
Chapter 4 THE ADJUSTMENT PROCESSPrinciples of Accounting, Vo
More from CPT Success
Quant04. Simple and Compound Interest Including Annuity – Applications
The document discusses concepts related to simple interest, compound interest, annuities, and applications of present value calculations. It defines key terms, provides formulas for simple interest, compound interest, future value and present value of regular and immediate annuities, and sinking funds. Examples of using present value concepts in leasing, capital expenditures, and bond valuation are also presented.
Quant03. Inequalities
This document discusses inequalities and how to solve them. It explains that inequalities are statements where two quantities are unequal but have a relationship. It discusses linear inequalities in one and two variables. It provides instructions for how to solve inequalities by drawing lines for equations, shading regions for inequalities, and finding the shaded area that satisfies all inequalities as the solution.
Quant02. Equations
The document discusses different types of equations including:
1) Simple equations with one unknown variable in the form of ax + b = 0.
2) Simultaneous linear equations with two unknown variables in the form of ax + by + c = 0. These can be solved using elimination or cross-multiplication methods.
3) Quadratic equations in the form of ax2 + bx + c = 0. The nature of the roots depends on the discriminant b2 - 4ac.
Quant01. Ratio & Proportion, Indices, Logarithms
Revision Notes for CPT
Chapter: Ratio & Proportion, Indices, Logarithms
Subject: Quantitative Aptitude
Acc0400 Inventories
This document summarizes key points about inventories from an accounting fundamentals chapter. It defines inventories as assets held for sale, in production, or as supplies. The cost of inventories includes purchase costs, conversion costs, and other costs to bring them to their present state. Cost of goods sold, gross profit, and net profit calculations are also outlined. Closing stock is generally valued at the lower of cost or market value, except for mining companies who use net realizable value.
Acc0205. Cashbook
Revision Notes for CPT
Unit: Cashbook
Chapter: Accounting Proccess
Subject: Fundamentals of Accounting
Acc0105 accounting measurement discipline
Accounting involves measuring financial information according to established principles and standards. As a measurement discipline, accounting identifies items to measure, selects a standard monetary unit of exchange, and evaluates items according to that standard. The generally accepted valuation principles for accounting measurements include historical cost, current cost, realizable value, and present value.
Acc0904 issue of debentures
There are several types of debentures that companies can issue based on different criteria such as security, convertibility, permanence, negotiability, and priority. The underwriting commission for debentures cannot exceed 2.5% of the issue price. Debenture holders are treated as creditors and do not receive dividends or ownership interests. Any loss from issuing debentures must be written off over the redemption period according to the revenue matching concept.
Acc0903 redemption of preference shares
Preference shares can only be redeemed if they are fully paid. When redeemed, the face value must be replaced through issuing new equity shares, transferring funds to a capital redemption reserve, or both. If the shares were issued at a discount, only the net proceeds need be replaced. Redeemable preference shares must be redeemed within 20 years, and irredeemable preference shares with redemption periods over 20 years are not allowed. A company's securities premium account can be applied to issue bonus shares, write off preliminary expenses or share/debenture issue expenses/discounts, or provide premium on redeeming preference shares or debentures. Capital redemption reserve and securities premium can be used for bonus issues.
Acc0902 issue, forfeiture and reissue of shares
This document discusses company share capital accounts. It defines different types of share capital including authorized, issued, subscribed, called-up, and paid-up capital. It also describes different types of shares such as equity, preference, cumulative, non-cumulative, participating, and redeemable shares. The document outlines how shares are issued for cash at par, premium or discount value. It discusses forfeiture and reissue of shares, including that premium received cannot be forfeited and discount accounts are credited on forfeiture.
Acc0901 introduction to company accounts
This document discusses company accounts and introduces various types of companies. It explains that a company is an artificial person created by law with perpetual succession and a common seal. It notes that companies must maintain books of accounts according to Section 209 and that Section 210 requires directors to present a balance sheet and profit and loss account at the annual general meeting. Parts I and II of Schedule VI deal with the presentation of the balance sheet and profit and loss account.
Acc0804 retirement of a partner
When a partner retires from a partnership, the remaining partners compensate the outgoing partner based on their "gaining ratio", which is calculated as the new profit sharing ratio minus the old ratio. Upon retirement, all assets are revalued and liabilities reassessed, with any profit/loss on revaluation transferred to partners' capital accounts based on the old profit sharing ratios. Reserves are also transferred in this manner. The partnership receives the surrender value of any joint life insurance policies held on partners.
Acc0703 bills of exchange & promissory notes
The document discusses bills of exchange and promissory notes. A bill of exchange is a written order by a maker directing someone to pay a sum of money to another person or bearer. A promissory note is similar but cannot be made payable to a bearer. Accommodation bills are sometimes used to facilitate trade and raise funds when both parties need it. If a bill's due date falls on a holiday, the due date becomes the preceding day. Noting charges for dishonored bills are initially paid by the holder but later recovered from the drawee responsible for non-payment. Bills typically allow for a 3 day grace period in calculating the due date.
Acc0702 joint ventures
A joint venture is a short-term business partnership entered into by two or more persons called co-venturers or joint venturers. Accounting for a joint venture is done on a liquidation basis using a nominal joint venture account that discloses profits between co-venturers at the end of the venture. Joint venture accounting is done on a cash basis rather than an accrual basis. There are two methods for maintaining joint venture accounts: maintaining a separate set of books or not maintaining a separate set of books.
Acc0701. Consignment
Consignment is an arrangement where a consignor sends goods to a consignee to sell on the consignor's behalf. The consignor retains ownership of the goods and bears the risk of loss. The consignee may receive a commission for promoting sales. An account sales report sent periodically by the consignee details sales, expenses, unsold stock, payments, and balances due. Consignment accounts track profit or loss over the life of the arrangement and abnormal losses are transferred from the consignment account to the income statement.
Acc0500 depreciation accounting
This document discusses depreciation accounting and summarizes various depreciation methods and the objectives of depreciation. It outlines straight-line, units of production, written down value, and sum of years digits methods. It also mentions annuity, sinking fund, machine hour and depletion methods. The objectives of depreciation are stated as ascertaining true results of operations, presenting a true and fair financial position, accumulating funds for replacement, and ascertaining true production costs. Factors used to estimate depreciation amounts are historical cost, estimated useful life, and estimated residual value.
Acc0101. Meaning and Scope of Accounting
Accounting involves recording, classifying, summarizing, analyzing, interpreting and communicating financial transactions and events. It includes journal entries, a ledger, a trial balance, income statements, balance sheets, and cash flow statements. The results are used by internal managers and external parties like investors, lenders, and government agencies. Accounting provides information for decision making, compares performance over time, identifies weaknesses for control, and supplies data for taxes and regulation.
More from CPT Success (17)
Quant04. Simple and Compound Interest Including Annuity – Applications
Quant04. Simple and Compound Interest Including Annuity – Applications
Recently uploaded
How to Build a Module in Odoo 17 Using the Scaffold Method
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Add Chatter in the odoo 17 ERP Module
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
How to Make a Field Mandatory in Odoo 17
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Hindi varnamala | hindi alphabet PPT.pdf
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
The History of Stoke Newington Street Names
Presented at the Stoke Newington Literary Festival on 9th June 2024
www.StokeNewingtonHistory.com
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...National Information Standards Organization (NISO)
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Aberdeen
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
BBR 2024 Summer Sessions Interview Training
Qualitative research interview training by Professor Katrina Pritchard and Dr Helen Williams
How to Manage Your Lost Opportunities in Odoo 17 CRM
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Recently uploaded (20)
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Acc0104. Accounting Policies
- 1. CPTSuccess Revision Notes – Fundamentals of Accounting Chapter 1. Accounting an Introduction Unit 4: Accounting Policies
- 3. Accounting policies are diverse and there is no unified and exhaustive list of accounting policies which can have universal application.
- 4. Selection of accounting policies should be based upon
- 5. Prudence
- 6. Substance over form
- 7. Materiality© Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
- 9. The accounting policies are followed consistently from one period to another; a change in accounting policy can happen in following circumstances only:
- 10. To bring the books of accounts in accordance with the issued Accounting standards
- 11. To comply with the provisions of the law
- 12. When under changed circumstances it is felt that new method will reflect more true and fair picture in the financial statement. © Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
- 14. Methods of depreciation, depletion and amortization
- 15. Valuation of Inventories, Goodwill, investments and fixed assets
- 16. Treatment of retiral benefits
- 17. ICAI has been trying to reduce the number of accounting policies through guidance notes and AS© Revision Notes - Fundamentals of Accounting CPTSuccess www.cptsuccess.com
- 18. CPTSuccess