The document provides an overview of Accounting Standard 6 (AS-6) on Depreciation Accounting and Accounting Standard 28 (AS-28) on Impairment of Assets. AS-6 deals with the disclosure of accounting policies for depreciation and defines depreciable assets. AS-28 introduces the concept of impairment of assets below their carrying amount and provides indicators and methods for calculating impairment losses. Key terms like carrying amount and recoverable amount are also defined related to impairment assessment of assets.
THIS IS ALL ABOUT ACCOUNTING STANDARD - 6 I.E., DEPRECIATION ACCOUNTING.
THE RULES AND REGULATIONS TO BE FOLLOWED WHILE CALCULATING DEPRECIATION OF A DEPRECIABLE FIXED ASSET.
Hi Everyone,
In this Powerpoint Presentation I have discussed about the Accounting Standard-10 on Property, Plant & Equipment issued by ICAI. I have covered all the major topics such as measurement of PPE, Depreciation(Which was previously covered under AS-6 now deleted), Initial Recognition, Subsequent Recognition etc.
THIS IS ALL ABOUT ACCOUNTING STANDARD - 6 I.E., DEPRECIATION ACCOUNTING.
THE RULES AND REGULATIONS TO BE FOLLOWED WHILE CALCULATING DEPRECIATION OF A DEPRECIABLE FIXED ASSET.
Hi Everyone,
In this Powerpoint Presentation I have discussed about the Accounting Standard-10 on Property, Plant & Equipment issued by ICAI. I have covered all the major topics such as measurement of PPE, Depreciation(Which was previously covered under AS-6 now deleted), Initial Recognition, Subsequent Recognition etc.
Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
The Indian Accounting Standards were revised in September 2016.
This presentation tells about the AS 7 on Cash Flow Statement.
As 5 Net Profit & Loss for the Prior Period Items and Changes in Accounting P...ram jangir
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
Summary of Ind AS 28 for the students and who are new to Ind AS. They can make a basic understanding about the words, definition, terms, provisions used in the actual Ind AS 28.
Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.
The Indian Accounting Standards were revised in September 2016.
This presentation tells about the AS 7 on Cash Flow Statement.
As 5 Net Profit & Loss for the Prior Period Items and Changes in Accounting P...ram jangir
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
Summary of Ind AS 28 for the students and who are new to Ind AS. They can make a basic understanding about the words, definition, terms, provisions used in the actual Ind AS 28.
ACCOUNTING FOR FIXED ASSETS -COST, ACCUMULATION.pptGreg Ezeilo
Costing issues in fixed assets accounting. Methodologies for cost accumulation, classification, and grouping of fixed assets into various classes and including the cost figure in the company books
A presentation on Property, Plant & Equipment (PPE)-IAS 16, Prepared by a few students of Dept. of Accounting & Info. Systems, Jahangirnagar University, Savar, Dhaka
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
1. A Presentation on AS-6
& AS-28
An Effort by Pravin Kashyap
MSM, Meerut
2. AS-6. Depreciation Accounting
Applicability :- Mandatory w.e.f. 1/04/1995 for all enterprises
Purpose :- Deals with the disclosure of accounting policy for depreciation
followed by an enterprise
What is Depreciation ? :- It is a measure of the wearing out, consumption or
other loss of value of a depreciable asset arising from use, effluxion of time or
obsolescence due to technology and market changes
What are Depreciable Assets ? :-
Are expected to be used during more than one accounting period
Have a limited useful life
Are held by an enterprise for use in the production or supply of goods and
services, for renting to others, or for administrative purposes and not for the
purpose of sale in the ordinary course of business
3. How to follow AS-6 :-
Allocate depreciable amount on systematic basis to each accounting year
over useful life of asset
Useful life may be reviewed periodically
Basis must be consistently followed and disclosed. Any change to be
quantified and disclosed.
A change in method of depreciation be made only if required by statute, for
compliance with an accounting standard or for appropriate presentation of
the financial statements
What to do under certain circumstances?
On Revaluation of the Asset ?
Depreciation should be based on revalued amount over balance useful life
4. In case of addition or extension of assets ? :-
Depreciation should be provided on adjusted figure prospectively
over the residual useful life of the asset
Where the historical cost undergoes a change due to fluctuation
in exchange rate, price adjustment etc. ? :-
Depreciation on the revised unamortized amount should be provided
over the balance useful life of the asset
Where does this standard do not apply ? :-
In respect of forests, plantations and similar regenerative natural
resources, wasting assets including expenditure on exploration and
extraction of minerals, oils, natural gas and similar non-regenerative
resources, expenditure on research and development, goodwill and
livestock.
5. Other points to be considered :-
Deficiency or surplus in case of disposal, destruction, demolition etc.
be disclosed separately, if material.
Historical cost, amount substituted for historical cost, depreciation for
the year and accumulated depreciation be disclosed.
Depreciation method used should be disclosed.
If rates applied are different from the rates specified in the governing
statute then the rates and the useful life be also disclosed.
6. AS-28. Impairment of Assets
Impairment of Assets means :-
Reduction in value of assets due to any market factors or performance
of assets
Applied to fixed assets including intangible assets
Assets excluded out of coverage of Impairment rules :-
Inventories (AS 2)
Assets arising from construction contracts (AS 7)
Financial assets, including investments (AS 13)
Deferred tax assets (AS 22)
7. Important Terms :-
Carrying amount :-
It means the book value of an asset after depreciation and after any
revaluation which is carried by an enterprise in its balance sheet
Carrying amount of fixed assets = Gross book value less accumulated
depreciation
Carrying amount of Intangible assets = Original cost less total
amortisation till date.
Recoverable Amount :-
Recoverable amount =Net selling amount or Value in use whichever
is higher
Net selling price =Expected selling price – Expected cost of Disposal
Value in use = Future cash inflow x Pvf
8. Impairment Loss:-
Carrying amount of an asset – Recoverable amount
Accounting Treatment :-
Impairment loss a/c Dr.
To Assets
P&L a/c Dr.
To Impairment loss a/c
Cash Generating Units(CGU) :-
It is the smallest identifiable group of assets that generates cash
inflows largely independent of the cash inflows from other assets
9. Applicability of AS-28 are based on Indicators :-
External Indicators :-
Decline in the value of asset due to change in technology
Increase in the market interest rate
Decline in market price of shares
Restriction on the use of asset due to legal environment
Ratio b/w market capitalization and book value of the asset is less
than one
Internal Indicators :-
Physical damage of assets
Announcement of discontinuing of operations
Poor economic performance of assets
Entity has plan of restructuring
10. Recognition and Measurement of Loss:
Adjust depreciation (amortization) charge for the asset in future
periods.
Allocate the asset’s revised carrying amount less its residual value on
a systematic basis over its remaining useful life.
Bottom Up’ Test – Goodwill and Corporate Assets :-
Compare recoverable amount of cash generating unit (CGU) to its CA
(including goodwill or corporate asset) and recognise impairment
loss.
Top Down’ Test – Goodwill and Corporate Assets :-
Identify smallest CGU that includes the CGU under review and to
which goodwill or corporate asset can be allocated on a reasonable
basis then compare RA of the above CGU to its CA (including
goodwill or corporate asset) and recognise impairment loss.
11. Treatment of Impairment Loss for a CGU :-
The carrying amount of an asset (which is part of CGU) should not be
reduced below the highest of:
(a) Net selling price.
(b) Value in use.
REVERSAL OF IMPAIREMENT LOSS :-
If the recoverable amount exceeds the carrying amount then the
impairment loss can be reversed and such reversal is to be treated as
income.
Reversal of impairment loss is lower of the following:-
(a)Intangible loss already recognised less saving in depreciation.
(b)Recoverable amount less carrying amount.
Useful Life is either:
the period over which a depreciable asset is expected to be used by the enterprise, or
the number of production or similar units expected to be obtained from the use of the asset by the enterprise.
Useful life may be reviewed periodically after taking into consideration the expected physical wear and tear, obsolescence and legal or other limits on the use of the asset.
Useful Life is either:
the period over which a depreciable asset is expected to be used by the enterprise, or
the number of production or similar units expected to be obtained from the use of the asset by the enterprise.
***Perform this test if goodwill or corporate asset can be allocated on a reasonable and consistent basis to the CGU
under review. Compare recoverable amount of cash generating unit (CGU) to its CA (including goodwill or
corporate asset) and recognise impairment loss.
***If goodwill cannot be allocated on a reasonable basis then perform ‘top down’ test. Identify smallest CGU that
includes the CGU under review and to which goodwill or corporate asset can be allocated on a reasonable basis.
Then compare RA of the above CGU to its CA (including goodwill or corporate asset) and recognise
impairment loss.
An enterprise should, at each balance sheet date review whether the previously recognized impairment loss has
ceased to exist or has decreased. If there is any external or internal indication to this effect, the recoverable
amount of that asset should be estimated. If the recoverable amount exceeds the carrying amount then the
impairment loss can be reversed and such reversal is to be treated as income.