Accounting standard 14
•Download as PPTX, PDF•
1 like•1,186 views
Accounting Standard 14 provides guidance on accounting for amalgamations. It defines key terms like amalgamation, transferor company, transferee company, and consideration. It describes two methods of accounting for amalgamations - the purchase method, where assets and liabilities are recorded at fair value, and the pooling of interest method, where they are recorded at carrying value. The standard also covers types of amalgamations, how consideration is determined using techniques like fair value, and required disclosures.
Report
Share
Report
Share
Recommended
As 14
This document outlines accounting standards for amalgamations in India. It defines amalgamations and the two types: amalgamation in the nature of merger and amalgamation in the nature of purchase. It describes the two main methods of accounting for amalgamations: the pooling of interests method and the purchase method. It provides guidance on how to account for reserves, goodwill, profit/loss balances, and disclosures in the financial statements for each type of amalgamation.
Anti-Dilution (Investor's Right Protection) - hu consultancy
Today’s uncertain economic environment, coupled with the tightening of available capital from venture capital funds, has marked the return of a dangerous price protection device: “full ratchet” anti-dilution. This device, generally included in the terms of preferred stock issued to new investors, seeks to protect those investors from being diluted by a subsequent financing at a lower valuation — the so-called “down round” — by causing an adjustment to the applicable conversion rate for the preferred stock.
Indian AS 3
This document discusses Indian Accounting Standard 3 on cash flow statements. It defines key terms like cash, cash equivalents, operating activities, investing activities and financing activities. It explains the direct and indirect methods of preparing cash flow statements and requirements around classification of cash flows from various transactions like tax, foreign exchange, dividends and interest. The standard aims to provide useful information on changes in cash balances to investors and other stakeholders.
Accounting standard
The document discusses the key aspects of Accounting Standard (AS) 26 on Intangible Assets. It outlines the objective, scope and definitions related to intangible assets. Specifically, it notes that an intangible asset must be identifiable, provide future economic benefits, and the enterprise must control it. The standard covers the recognition, measurement and subsequent expenditure and amortization of intangible assets. It does not apply to certain intangibles covered under other accounting standards.
Accounting standards
This document provides an overview of several accounting standards including AS 10 on fixed assets, AS 20 on earnings per share, and AS 26 on intangible assets. It discusses the key objectives, applicability, recognition criteria, measurement, and disclosure requirements for accounting and reporting for fixed assets, EPS calculation, and intangible assets according to the relevant accounting standards. The document also covers terminology, components of cost, impairment, amortization, and other accounting treatments for these items to ensure compliance with Indian accounting standards.
Accounting for Amalgamation, Absorption and External Reconstruction
The document discusses accounting for amalgamations under Indian accounting standards. It defines key terms like transferor and transferee companies. It explains the two types of amalgamation - in the nature of a merger and in the nature of a purchase. In a merger, the assets and liabilities of the transferor company are taken over by the transferee company at book value, while in a purchase the assets and liabilities are recorded at fair value. The document also provides examples of international and Indian company amalgamations.
As 23
This document outlines Accounting Standard 23 which provides guidance on recognizing investments in associates in consolidated financial statements. It states that the standard should be applied when accounting for investments in associates where the investor has at least a 20% stake. The standard outlines that such investments should be recorded using either the equity method, where the investment is recorded based on the associate's net assets, or the non-equity method, which accounts for inflation-related changes between the time of recording and purchase.
Principles of accounting
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.
Recommended
As 14
This document outlines accounting standards for amalgamations in India. It defines amalgamations and the two types: amalgamation in the nature of merger and amalgamation in the nature of purchase. It describes the two main methods of accounting for amalgamations: the pooling of interests method and the purchase method. It provides guidance on how to account for reserves, goodwill, profit/loss balances, and disclosures in the financial statements for each type of amalgamation.
Anti-Dilution (Investor's Right Protection) - hu consultancy
Today’s uncertain economic environment, coupled with the tightening of available capital from venture capital funds, has marked the return of a dangerous price protection device: “full ratchet” anti-dilution. This device, generally included in the terms of preferred stock issued to new investors, seeks to protect those investors from being diluted by a subsequent financing at a lower valuation — the so-called “down round” — by causing an adjustment to the applicable conversion rate for the preferred stock.
Indian AS 3
This document discusses Indian Accounting Standard 3 on cash flow statements. It defines key terms like cash, cash equivalents, operating activities, investing activities and financing activities. It explains the direct and indirect methods of preparing cash flow statements and requirements around classification of cash flows from various transactions like tax, foreign exchange, dividends and interest. The standard aims to provide useful information on changes in cash balances to investors and other stakeholders.
Accounting standard
The document discusses the key aspects of Accounting Standard (AS) 26 on Intangible Assets. It outlines the objective, scope and definitions related to intangible assets. Specifically, it notes that an intangible asset must be identifiable, provide future economic benefits, and the enterprise must control it. The standard covers the recognition, measurement and subsequent expenditure and amortization of intangible assets. It does not apply to certain intangibles covered under other accounting standards.
Accounting standards
This document provides an overview of several accounting standards including AS 10 on fixed assets, AS 20 on earnings per share, and AS 26 on intangible assets. It discusses the key objectives, applicability, recognition criteria, measurement, and disclosure requirements for accounting and reporting for fixed assets, EPS calculation, and intangible assets according to the relevant accounting standards. The document also covers terminology, components of cost, impairment, amortization, and other accounting treatments for these items to ensure compliance with Indian accounting standards.
Accounting for Amalgamation, Absorption and External Reconstruction
The document discusses accounting for amalgamations under Indian accounting standards. It defines key terms like transferor and transferee companies. It explains the two types of amalgamation - in the nature of a merger and in the nature of a purchase. In a merger, the assets and liabilities of the transferor company are taken over by the transferee company at book value, while in a purchase the assets and liabilities are recorded at fair value. The document also provides examples of international and Indian company amalgamations.
As 23
This document outlines Accounting Standard 23 which provides guidance on recognizing investments in associates in consolidated financial statements. It states that the standard should be applied when accounting for investments in associates where the investor has at least a 20% stake. The standard outlines that such investments should be recorded using either the equity method, where the investment is recorded based on the associate's net assets, or the non-equity method, which accounts for inflation-related changes between the time of recording and purchase.
Principles of accounting
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 25 Interim Financial Reporting
Accounting Standard 25 outlines the requirements for interim financial reporting, including:
- Minimum content of interim reports which includes condensed financial statements and selected explanatory notes
- Principles for recognizing and measuring items in interim reports, which should be consistent with annual financial statements
- Periods for which interim reports must be presented, which is normally on a year-to-date basis
- Disclosures in annual financial statements if a separate interim report is not issued for the final interim period
As 24
This document outlines Accounting Standard 24 regarding discontinuing operations. The objective is to enhance the ability of users of financial statements to project cash flows, earnings, and financial position by segregating information about discontinuing operations from continuing operations. A discontinuing operation must be disposed of or abandoned per a single coordinated plan, represent a separate business line or geographical area, and be distinguishable operationally and for reporting. Initial disclosure of a discontinuing operation must include a description, the business segment, the disclosure event date and nature, expected completion date if known, carrying amounts of assets and liabilities, revenue/expenses, pre-tax profit/loss, and cash flows attributable to the discontinuing operation.
Revenue recognition ppt
The document discusses revenue recognition principles under GAAP. It defines revenue as the gross inflow of cash or other consideration from business activities. Revenue recognition is the process of recording revenue in the financial statements. There are different types of revenue recognition transactions including sale of products, rendering of services, permitting use of an asset, and sale of assets other than inventory. The document also discusses revenue measurement, generation of sales and service revenues, classification of expenditures as capital or revenue items, and types of revenue and deferred revenue expenditures.
Accounting standards
The document discusses Indian Accounting Standards (IAS) and their objectives. It notes that IAS are issued by the Institute of Chartered Accountants of India (ICAI) to standardize accounting policies and practices. This helps eliminate non-comparability between financial statements and ensures their reliability. Currently there are 31 IAS issued by ICAI. The document provides a brief overview of some of the key IAS such as those relating to cash flow statements, revenue recognition, fixed assets, taxes on income, and consolidated financial statements. It explains that compliance with IAS issued by ICAI is mandatory for companies in India.
Accounting and Income tax aspects : Merger/Amalgamation
Here we are trying to list the taxation and accounting implications for a typically Merger/Amalgamation of companies.
We also look at various methods for accounting to treat different types of merger
As 03
The document outlines Accounting Standard 3 which provides guidance on preparing and presenting a cash flow statement. It defines key terms like cash, cash equivalents, and cash flows. It classifies cash flows into three categories - operating, investing and financing activities - and provides examples of cash flows that would fall under each category. The cash flow statement should report the cash flows of an enterprise during a period, classified by these three activities.
38345431 accounting-standards
The document discusses accounting standards issued by the Institute of Chartered Accountants of India (ICAI). It provides information on the Accounting Standards Board established by ICAI and its role in preparing accounting standards for proper recognition, measurement, treatment, presentation and disclosure of accounting transactions in financial statements of organizations. The document also covers the scope and objectives of various individual accounting standards.
L 13 chapter financial statement and cash flow analysis
This document discusses key aspects of financial statement and cash flow analysis. It covers the main financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows. It also discusses cash flow analysis, different types of ratios used to analyze financial performance (liquidity, activity, debt, profitability, market), and how to benchmark performance over time and against industry peers. The overall purpose is to analyze a company's financial position and performance through its financial statements and key metrics.
Indian accounting standards November 2017
Accounting standards are rules and guidance for accounting that ensure uniformity in terminology, approach, and financial statement presentation. They are issued in India by the Institute of Chartered Accountants of India (ICAI) to standardize accounting policies, increase financial statement reliability, reduce variation in treatment, and facilitate comparison. There are currently 31 accounting standards covering topics like revenue recognition, cash flow statements, taxes, investments, and more. The objectives of accounting standards are to standardize diverse accounting policies, add reliability to financial statements, and eradicate confusing variations in treatment to allow for easier inter-firm and intra-firm comparison.
Cash flow statement AS-3
This presentation is on Accounting Standard - 3 Cash Flow Statement issued by Institute of Chartered Accountants of India.
statement of cash flow and statement of retained earnings.
The document defines key accounting terms related to financial statements:
- A statement of cash flows reports the impact of operating, investing, and financing activities on a firm's cash flows over an accounting period. It summarizes changes in a company's cash position.
- The statement of retained earnings reconciles the beginning and ending balances in the retained earnings account and shows changes from net income and dividends.
- Key terms include securities, debt securities, equity securities, amortization, and accrual-based accounts.
Indian accounting standards IFRS
The document compares Indian Accounting Standards and International Financial Reporting Standards regarding the accounting treatment of fixed assets. Some key differences include:
- Under IAS 16, subsequent replacement costs of parts must be capitalized, whereas AS 10 only requires capitalization if it increases future benefits.
- IAS 16 requires capitalization of major inspection costs, whereas AS 10 does not.
- IAS 16 does not allow gains on derecognition of assets to be treated as revenue, but AS 10 is silent on this.
The document also discusses the accounting for government grants, foreign currency transactions, and integral versus non-integral foreign operations.
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.
Investor on financial reporting final
Financial statements are not perfectly reliable for investors due to several issues:
1. Inconsistencies between accounting standards like US GAAP and IFRS make comparisons difficult.
2. Estimates and judgments in financial reporting can be significantly inaccurate, even when made in good faith.
3. Managers have strong incentives to deliberately misrepresent financial statements through fraudulent reporting.
While standards boards are working to address issues like revenue recognition and fair value measurement, investors still need to carefully examine assumptions and estimates used in financial statements. Fraudulent reporting also continues to evolve in harder to detect ways like manipulating operations rather than direct reporting. Vigilance from investors remains important.
Accounting standards ppt
The document summarizes a presentation on understanding accounting standards and IFRS. It discusses:
- The objectives of accounting standards such as standardizing policies and adding reliability to financial statements.
- The evolution of accounting standards in India from AS1 to AS32 and IFRS internationally.
- An overview of the types of accounting standards including those covering inventories, cash flows, depreciation, revenue recognition, and investments.
- The impact of adopting IFRS in India, including changes to accounting policies, skills needed, and a suggested conversion methodology.
GAAP, Accounting Standards and IFRS
What’s Accounting Standards? What’s GAAP? What’s IFRS? Major differences between IFRS and Indian GAAP? Why moving towards IFRS?
Cash Flow Statement Analysis HUL FMCG 2014
Hindustan Unilever Limited (HUL) is an Indian consumer goods company owned 52% by Unilever. In 2013-14, HUL's net income was Rs. 29,035.22 crores and net profit was Rs. 3,867.49 crores, up from the previous year. HUL's cash flow increased in 2013-14, with net cash from operating activities of Rs. 3724.15 crores exceeding investments. HUL is unlikely to default on interest and has strong reserves, cash balances, and ability to raise funds or sell investments, providing it with good financial flexibility and positive prospects for shareholders and creditors.
Presentation1
This presentation summarizes key Indian accounting standards. It introduces accounting standards as guidelines for recording transactions and ensuring reliability of financial statements. The objectives of accounting standards are to standardize policies, add reliability, eliminate variations, and facilitate comparisons. Major standards covered include AS 6 on depreciation, AS 12 on government grants, AS 1 on disclosure of policies, AS 2 on inventory valuation, AS 13 on investments, AS 11 on foreign exchange rates, AS 19 on leases, AS 3 on cash flow statements, AS 10 on fixed assets, and AS 9 on revenue recognition. The presentation provides an overview of the purpose and requirements of these important accounting standards.
Problems based on accounting standards and guidance notes final
This document contains 12 questions related to accounting standards and guidance notes. The questions cover topics such as events occurring after the balance sheet date, prior period items, pre-incorporation expenses, revaluation of fixed assets, revenue recognition, extraordinary items, cash flow statements, and changes in accounting policies. For each question, the relevant accounting treatments, disclosures, or guidance from standards are discussed in detail in the response.
Accounting standard 21
This document summarizes Accounting Standard 21 regarding the consolidation of financial statements for parent and subsidiary companies. The key points are:
1) The objective is to present consolidated financial statements that treat the parent and subsidiaries as a single economic entity.
2) Consolidated statements are prepared to disclose the total profit/loss and assets/liabilities of the entire group.
3) Minority interest represents the portion of a subsidiary's stock not owned by the parent, which is reported separately on the consolidated balance sheet and income statement.
4) The consolidation procedure involves eliminating intra-group balances and combining financial statement line items after eliminating the parent's investment in subsidiaries.
Financial Accounting ( Case Study).pptx
Accounting policies are the principal and procedures which are adopted by the company for preparation of financial statements.
These are consistently followed by the company so that a true and fair position can be presented by the company.
Bentleys Financial Reporting Update: April 2018
This document provides an agenda and overview for a financial reporting and audit update presentation on April 2018. The presentation will cover new accounting standards for June 30, 2018 financial reports, reminders about new standards such as AASB 9, AASB 15, and AASB 16, and other topics such as the ACNC legislative review and standards issued but not yet effective. The presentation will be split into two parts, with the first part covering new standards and reminders, and the second part discussing additional topics such as crypto-currencies and new audit reports.
More Related Content
What's hot
As 25 Interim Financial Reporting
Accounting Standard 25 outlines the requirements for interim financial reporting, including:
- Minimum content of interim reports which includes condensed financial statements and selected explanatory notes
- Principles for recognizing and measuring items in interim reports, which should be consistent with annual financial statements
- Periods for which interim reports must be presented, which is normally on a year-to-date basis
- Disclosures in annual financial statements if a separate interim report is not issued for the final interim period
As 24
This document outlines Accounting Standard 24 regarding discontinuing operations. The objective is to enhance the ability of users of financial statements to project cash flows, earnings, and financial position by segregating information about discontinuing operations from continuing operations. A discontinuing operation must be disposed of or abandoned per a single coordinated plan, represent a separate business line or geographical area, and be distinguishable operationally and for reporting. Initial disclosure of a discontinuing operation must include a description, the business segment, the disclosure event date and nature, expected completion date if known, carrying amounts of assets and liabilities, revenue/expenses, pre-tax profit/loss, and cash flows attributable to the discontinuing operation.
Revenue recognition ppt
The document discusses revenue recognition principles under GAAP. It defines revenue as the gross inflow of cash or other consideration from business activities. Revenue recognition is the process of recording revenue in the financial statements. There are different types of revenue recognition transactions including sale of products, rendering of services, permitting use of an asset, and sale of assets other than inventory. The document also discusses revenue measurement, generation of sales and service revenues, classification of expenditures as capital or revenue items, and types of revenue and deferred revenue expenditures.
Accounting standards
The document discusses Indian Accounting Standards (IAS) and their objectives. It notes that IAS are issued by the Institute of Chartered Accountants of India (ICAI) to standardize accounting policies and practices. This helps eliminate non-comparability between financial statements and ensures their reliability. Currently there are 31 IAS issued by ICAI. The document provides a brief overview of some of the key IAS such as those relating to cash flow statements, revenue recognition, fixed assets, taxes on income, and consolidated financial statements. It explains that compliance with IAS issued by ICAI is mandatory for companies in India.
Accounting and Income tax aspects : Merger/Amalgamation
Here we are trying to list the taxation and accounting implications for a typically Merger/Amalgamation of companies.
We also look at various methods for accounting to treat different types of merger
As 03
The document outlines Accounting Standard 3 which provides guidance on preparing and presenting a cash flow statement. It defines key terms like cash, cash equivalents, and cash flows. It classifies cash flows into three categories - operating, investing and financing activities - and provides examples of cash flows that would fall under each category. The cash flow statement should report the cash flows of an enterprise during a period, classified by these three activities.
38345431 accounting-standards
The document discusses accounting standards issued by the Institute of Chartered Accountants of India (ICAI). It provides information on the Accounting Standards Board established by ICAI and its role in preparing accounting standards for proper recognition, measurement, treatment, presentation and disclosure of accounting transactions in financial statements of organizations. The document also covers the scope and objectives of various individual accounting standards.
L 13 chapter financial statement and cash flow analysis
This document discusses key aspects of financial statement and cash flow analysis. It covers the main financial statements including the balance sheet, income statement, statement of retained earnings, and statement of cash flows. It also discusses cash flow analysis, different types of ratios used to analyze financial performance (liquidity, activity, debt, profitability, market), and how to benchmark performance over time and against industry peers. The overall purpose is to analyze a company's financial position and performance through its financial statements and key metrics.
Indian accounting standards November 2017
Accounting standards are rules and guidance for accounting that ensure uniformity in terminology, approach, and financial statement presentation. They are issued in India by the Institute of Chartered Accountants of India (ICAI) to standardize accounting policies, increase financial statement reliability, reduce variation in treatment, and facilitate comparison. There are currently 31 accounting standards covering topics like revenue recognition, cash flow statements, taxes, investments, and more. The objectives of accounting standards are to standardize diverse accounting policies, add reliability to financial statements, and eradicate confusing variations in treatment to allow for easier inter-firm and intra-firm comparison.
Cash flow statement AS-3
This presentation is on Accounting Standard - 3 Cash Flow Statement issued by Institute of Chartered Accountants of India.
statement of cash flow and statement of retained earnings.
The document defines key accounting terms related to financial statements:
- A statement of cash flows reports the impact of operating, investing, and financing activities on a firm's cash flows over an accounting period. It summarizes changes in a company's cash position.
- The statement of retained earnings reconciles the beginning and ending balances in the retained earnings account and shows changes from net income and dividends.
- Key terms include securities, debt securities, equity securities, amortization, and accrual-based accounts.
Indian accounting standards IFRS
The document compares Indian Accounting Standards and International Financial Reporting Standards regarding the accounting treatment of fixed assets. Some key differences include:
- Under IAS 16, subsequent replacement costs of parts must be capitalized, whereas AS 10 only requires capitalization if it increases future benefits.
- IAS 16 requires capitalization of major inspection costs, whereas AS 10 does not.
- IAS 16 does not allow gains on derecognition of assets to be treated as revenue, but AS 10 is silent on this.
The document also discusses the accounting for government grants, foreign currency transactions, and integral versus non-integral foreign operations.
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.
Investor on financial reporting final
Financial statements are not perfectly reliable for investors due to several issues:
1. Inconsistencies between accounting standards like US GAAP and IFRS make comparisons difficult.
2. Estimates and judgments in financial reporting can be significantly inaccurate, even when made in good faith.
3. Managers have strong incentives to deliberately misrepresent financial statements through fraudulent reporting.
While standards boards are working to address issues like revenue recognition and fair value measurement, investors still need to carefully examine assumptions and estimates used in financial statements. Fraudulent reporting also continues to evolve in harder to detect ways like manipulating operations rather than direct reporting. Vigilance from investors remains important.
Accounting standards ppt
The document summarizes a presentation on understanding accounting standards and IFRS. It discusses:
- The objectives of accounting standards such as standardizing policies and adding reliability to financial statements.
- The evolution of accounting standards in India from AS1 to AS32 and IFRS internationally.
- An overview of the types of accounting standards including those covering inventories, cash flows, depreciation, revenue recognition, and investments.
- The impact of adopting IFRS in India, including changes to accounting policies, skills needed, and a suggested conversion methodology.
GAAP, Accounting Standards and IFRS
What’s Accounting Standards? What’s GAAP? What’s IFRS? Major differences between IFRS and Indian GAAP? Why moving towards IFRS?
Cash Flow Statement Analysis HUL FMCG 2014
Hindustan Unilever Limited (HUL) is an Indian consumer goods company owned 52% by Unilever. In 2013-14, HUL's net income was Rs. 29,035.22 crores and net profit was Rs. 3,867.49 crores, up from the previous year. HUL's cash flow increased in 2013-14, with net cash from operating activities of Rs. 3724.15 crores exceeding investments. HUL is unlikely to default on interest and has strong reserves, cash balances, and ability to raise funds or sell investments, providing it with good financial flexibility and positive prospects for shareholders and creditors.
Presentation1
This presentation summarizes key Indian accounting standards. It introduces accounting standards as guidelines for recording transactions and ensuring reliability of financial statements. The objectives of accounting standards are to standardize policies, add reliability, eliminate variations, and facilitate comparisons. Major standards covered include AS 6 on depreciation, AS 12 on government grants, AS 1 on disclosure of policies, AS 2 on inventory valuation, AS 13 on investments, AS 11 on foreign exchange rates, AS 19 on leases, AS 3 on cash flow statements, AS 10 on fixed assets, and AS 9 on revenue recognition. The presentation provides an overview of the purpose and requirements of these important accounting standards.
Problems based on accounting standards and guidance notes final
This document contains 12 questions related to accounting standards and guidance notes. The questions cover topics such as events occurring after the balance sheet date, prior period items, pre-incorporation expenses, revaluation of fixed assets, revenue recognition, extraordinary items, cash flow statements, and changes in accounting policies. For each question, the relevant accounting treatments, disclosures, or guidance from standards are discussed in detail in the response.
Accounting standard 21
This document summarizes Accounting Standard 21 regarding the consolidation of financial statements for parent and subsidiary companies. The key points are:
1) The objective is to present consolidated financial statements that treat the parent and subsidiaries as a single economic entity.
2) Consolidated statements are prepared to disclose the total profit/loss and assets/liabilities of the entire group.
3) Minority interest represents the portion of a subsidiary's stock not owned by the parent, which is reported separately on the consolidated balance sheet and income statement.
4) The consolidation procedure involves eliminating intra-group balances and combining financial statement line items after eliminating the parent's investment in subsidiaries.
What's hot (20)
Accounting and Income tax aspects : Merger/Amalgamation
Accounting and Income tax aspects : Merger/Amalgamation
L 13 chapter financial statement and cash flow analysis
L 13 chapter financial statement and cash flow analysis
statement of cash flow and statement of retained earnings.
statement of cash flow and statement of retained earnings.
Problems based on accounting standards and guidance notes final
Problems based on accounting standards and guidance notes final
Similar to Accounting standard 14
Financial Accounting ( Case Study).pptx
Accounting policies are the principal and procedures which are adopted by the company for preparation of financial statements.
These are consistently followed by the company so that a true and fair position can be presented by the company.
Bentleys Financial Reporting Update: April 2018
This document provides an agenda and overview for a financial reporting and audit update presentation on April 2018. The presentation will cover new accounting standards for June 30, 2018 financial reports, reminders about new standards such as AASB 9, AASB 15, and AASB 16, and other topics such as the ACNC legislative review and standards issued but not yet effective. The presentation will be split into two parts, with the first part covering new standards and reminders, and the second part discussing additional topics such as crypto-currencies and new audit reports.
Ppt on accounting standards prepared by Prof.Satish R.Tajane
The document provides an overview of accounting standards in India. It discusses the key bodies that regulate accounting standards and the process for developing and prescribing standards. It then lists and briefly describes 30 Indian Accounting Standards (AS), covering their objectives and key requirements. The standards relate to areas like disclosure of accounting policies, valuation of inventories, treatment of contingencies, revenue recognition, depreciation, foreign exchange rates, investments and more.
Financial statement & cash flow analysis (intro. to business finance)
The document discusses key components of financial statement analysis including the balance sheet, income statement, statement of cash flows, and various financial ratios used to analyze corporate performance. The balance sheet provides a snapshot of a company's financial position over time. The income statement measures revenues, expenses, and profits. The statement of cash flows reconciles cash flows from operating, investing and financing activities. Financial ratios are used to evaluate a company's liquidity, activity, debt levels, profitability, and market performance relative to benchmarks.
Introduction to Accounting by Dr. Suresh Vadde
This document provides an introduction to accounting concepts. It defines accounting and discusses its importance for controlling financial performance and position. The key users of accounting information are identified as internal stakeholders like management and external stakeholders like investors. Financial accounting provides external reporting through financial statements, while managerial accounting provides internal reporting to support decision making. Accounting concepts like business entity, money measurement, accruals and conventions like consistency are also outlined. International standards like IAS and IFRS aim to harmonize accounting practices globally.
Introduction to Accounting by Dr. Suresh Vadde
This document provides an introduction to accounting concepts. It defines accounting as the process of identifying, measuring, and communicating financial information. It discusses the importance of accounting in providing reliable information to both internal and external users. Key accounting concepts covered include the accounting equation, revenue/expense recognition principles, and the going concern assumption. Financial accounting and management accounting are also introduced.
An introduction to accounting
The document discusses the theory base of accounting, including generally accepted accounting principles (GAAP) and conceptual framework. It outlines 14 key accounting concepts and principles:
1) Accounting entity principle - Records reflect only the business activities
2) Stable money measurement principle - Assumes stable monetary value
3) Going concern principle - Assumes continuity of operations
4) Accounting period principle - Provides periodic financial information
5) Cost principle - Assets valued at historical cost less depreciation
6) Revenue recognition principle - Revenue realized upon sale/transfer of goods
7) Expense recognition principle - Expenses matched to revenue in the period
8) Matching or accrual principle - Revenue/expenses allocated to periods
Year End Accounting Standards Update
This presentation will also provide a year end update of the technical accounting standards (ASU’s), proposed standards that are in Exposure Drafts (ED’s), and the projects of the FASB going forward.
During the presentation attendees can expect to learn the following:
Gain an understanding of the most significant changes in accounting standards over the past 12 months
Become familiar with the proposed changes that the FASB has issued in Exposure Drafts
Acquire knowledge of the big projects that the FASB will address next
After this webinar attendees will be able to answer:
What changes has the FASB made over the past year?
How will these changes impact you and your organization?
What areas will the FASB focus on next?
Accounting concepts and principles
Accounting provides relevant, reliable, and comparable information to help users make better decisions. It involves identifying, recording, and communicating financial information about a business. The key accounting concepts include:
1) The business entity concept treats a business separately from its owners.
2) Transactions are recorded in monetary terms according to the historical cost, matching, and accrual concepts.
3) Financial statements are prepared assuming the business will continue operating (going concern concept).
LBS Introduction to Financial Accounting.pptx
The document provides an overview of basic concepts in financial accounting. It discusses key concepts like identifying transactions, measuring transactions in monetary terms, recording transactions, classifying and summarizing transactions, analyzing relationships, interpreting results, and communicating information to users. It also outlines the branches of accounting and their purposes, as well as accounting principles, standards, and the process of converging with International Financial Reporting Standards.
LBS Introduction to Financial Accounting (1).pptx
The document provides an overview of basic concepts in financial accounting. It discusses key concepts like identifying transactions, measuring transactions in monetary terms, recording transactions, classifying and summarizing transactions, analyzing relationships, interpreting results, and communicating information to users. It also outlines the branches of accounting and their purposes, as well as accounting principles, standards, and the process of converging with International Financial Reporting Standards.
Year End Accounting Standards Update
Partner Janice Snyder discussed the recent changes made by the Financial Accounting Standards Board and how those changes will impact you and your organization.
Gaap Constraints, Concepts, Assumptions, and Principles
Cannabis accounting requires a cursory knowledge of GAAP in order to maximize available production cost inclusion in cost of goods sold.
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.
Accounting Basics Quantum presentation at Dubai SME
Presentation by Quantum Auditing CEO Dinesh Singh on "Accounting Basics and How to Choose an Accounting Software"
MBA249 Chap 2 Acctg.ppt
This document discusses key components of financial statement analysis. It explains that a balance sheet provides a snapshot of a company's financial position at a point in time, showing assets equal to liabilities plus equity. An income statement measures revenues and expenses to determine income/profit. The statement of cash flows reconciles a company's operating, investing, and financing cash flows with changes in cash. Ratio analysis compares various financial metrics over time and against industry peers to evaluate a company's liquidity, asset use, debt levels, profitability, and market value. The overall goal is for managers to focus on cash flows to ensure a company can meet obligations and fund current and future operations.
chapter two: advanced accounting two.pptx
This chapter discusses the consolidation of financial information for business combinations. It explains that consolidated financial statements combine the financial data of a parent company and its subsidiaries. The chapter outlines the acquisition method for accounting for business combinations, where one company obtains control of another. Under this method, the consideration transferred is allocated to identifiable assets acquired and liabilities assumed based on their fair values. Goodwill arises when the consideration exceeds the fair values. The chapter also discusses how pre-existing goodwill and in-process R&D are treated under the acquisition method.
Chapter 2: Consolidation of Financial Information
1. The chapter discusses the consolidation process for business combinations, where one company obtains control over another and their financial statements are combined.
2. There are two main methods for consolidation - acquisition method for when dissolution occurs, and acquisition method for when separate incorporation is maintained.
3. For both methods, consideration transferred is allocated to identifiable assets acquired and liabilities assumed at fair value, with any excess added to goodwill. Acquisition costs are expensed rather than included in the purchase price.
Chapter 2: Consolidation of Financial Information
1. The chapter discusses the consolidation of financial information when one company obtains control over another. It describes the acquisition method used to consolidate the financial statements of the entities.
2. Under the acquisition method, the acquirer measures the consideration transferred to acquire the other entity, identifies and measures the acquired assets and assumed liabilities, and recognizes goodwill or gain from a bargain purchase.
3. Whether the acquired entity is dissolved or maintains separate incorporation, the acquisition method is used to consolidate the financial information. Worksheets and consolidation entries are prepared to eliminate intraentity balances and combine the financial statements.
Similar to Accounting standard 14 (20)
Ppt on accounting standards prepared by Prof.Satish R.Tajane
Ppt on accounting standards prepared by Prof.Satish R.Tajane
Financial statement & cash flow analysis (intro. to business finance)
Financial statement & cash flow analysis (intro. to business finance)
Gaap Constraints, Concepts, Assumptions, and Principles
Gaap Constraints, Concepts, Assumptions, and Principles
Accounting Basics Quantum presentation at Dubai SME
Accounting Basics Quantum presentation at Dubai SME
in-audit-ind-as-32-and-ind-109-financial-instruments-noexp.pdf
in-audit-ind-as-32-and-ind-109-financial-instruments-noexp.pdf
Recently uploaded
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Profiles of Iconic Fashion Personalities.pdf
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
一比一原版新西兰奥塔哥大学毕业证（otago毕业证）如何办理
一模一样【微信：A575476】【新西兰奥塔哥大学毕业证（otago毕业证）成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Call8328958814 satta matka Kalyan result satta guessing
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Digital Transformation Frameworks: Driving Digital Excellence
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...Ksquare Energy Pvt. Ltd.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?欧洲杯赌球-欧洲杯赌球买球官方官网-欧洲杯赌球比赛投注官网|【网址🎉ac55.net🎉】
【网址🎉ac55.net🎉】欧洲杯赌球是世界上历史最悠久的博彩公司之一。其历史可以追溯到十九世纪末，确切时间是1886年。这家英国公司拥有超过15000名员工，是博彩行业规模最大的公司。欧洲杯赌球是英国最受欢迎的实体博彩公司之一，其排名仅次于欧洲杯赌球，旗下2800家投注站遍布全英国。
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
IMG_20240615_091110.pdf dpboss guessing
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
AI Transformation Playbook: Thinking AI-First for Your Business
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
TIMES BPO: Business Plan For Startup Industry
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
The latest Heat Pump Manual from Newentide
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Part 2 Deep Dive: Navigating the 2024 Slowdown
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Recently uploaded (20)
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Call8328958814 satta matka Kalyan result satta guessing
Call8328958814 satta matka Kalyan result satta guessing
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka
AI Transformation Playbook: Thinking AI-First for Your Business
AI Transformation Playbook: Thinking AI-First for Your Business
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...
Accounting standard 14
- 2. Contents: • Definitions • Methods of Accounting • Types • Consideration • Disclosures Of AS-14
- 3. Definitions Of AS-14 Amalgamation Transferor Company Transferee Company Reserve Consideration Fair value
- 4. Methods of Accounting Of AS-14 1. Purchase Method. The Transferee company accounts for amalgamation- -by incorporating the assets and liabilities at their existing carrying amount Or -by allocation the consideration to individual identifying assets of the transferor company on the basis of their fair value at the time of amalgamation.
- 5. 2. Pooling of interest Assets, Liabilities and reserves of Transferor company at their existing carrying amount. If Transferor and transferee company have conflicting accounting policies, a uniform set of accounting policies are adopted following the amalgamation.
- 7. Consideration Of AS-14 The consideration for the amalgamation may consist of securities, cash or other assets. A variety of techniques is applied in arriving at fair value. Many amalgamations recognize that adjustments may have to be made to the consideration in the light of one or more future events.
- 9. Team 12 • 1510273 • 1510274 • 1510275 • 1510276 • 1510277 • 1510278