The document provides an introduction to financial management, including the branches of finance such as general accounting, financial management, and auditing. It discusses accounting principles such as GAAP and the differences between cash and accrual accounting. It also summarizes the typical sources of revenue and costs for the hospitality industry, noting its labor intensive nature and large investments required.
As 1 disclousre of accounting policiesNeeraj Mehra
AS 1 deals with disclosure of significant accounting policies followed in the preparation and presentation of the financial statements. The purpose of this standard is to promote a better understanding of financial statements by establishing the disclosure of significant accounting policies. Such disclosure would also facilitate a more meaningful comparison between financial statements of different enterprises.
The timing of the Academy Schools' Update has been aimed at coinciding with the publication of the Academies Financial Handbook and the Academies Accounts Direction.
As 1 disclousre of accounting policiesNeeraj Mehra
AS 1 deals with disclosure of significant accounting policies followed in the preparation and presentation of the financial statements. The purpose of this standard is to promote a better understanding of financial statements by establishing the disclosure of significant accounting policies. Such disclosure would also facilitate a more meaningful comparison between financial statements of different enterprises.
The timing of the Academy Schools' Update has been aimed at coinciding with the publication of the Academies Financial Handbook and the Academies Accounts Direction.
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
The timing of the Academy Schools' Update has been aimed at coinciding with the publication of the Academies Financial Handbook and the Academies Accounts Direction.
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
The timing of the Academy Schools' Update has been aimed at coinciding with the publication of the Academies Financial Handbook and the Academies Accounts Direction.
Entre las actividades propias de gestión de documentos, definidas en los modelos teóricos archivísticos, la clasificación cobra singular importancia en la actualidad, debido a que debido a que los cuadros de clasificación se entienden como “fuentes autorizadas” (UNE-ISO/TS 23081-2., p.32) para la creación de los esquemas de metadatos
Detailed Lesson Plan (ENGLISH, MATH, SCIENCE, FILIPINO)Junnie Salud
Thanks everybody! The lesson plans presented were actually outdated and can still be improved. I was also a college student when I did these. There were minor errors but the important thing is, the structure and flow of activities (for an hour-long class) are included here. I appreciate all of your comments! Please like my fan page on facebook search for JUNNIE SALUD.
*The detailed LP for English is from Ms. Juliana Patricia Tenzasas. I just revised it a little.
For questions about education-related matters, you can directly email me at mr_junniesalud@yahoo.com
Conversion Ind AS (the converged IFRS standards) in India Dr Biswadev Dash
02/01/2015 when the Press Information Bureau, Government of India, Ministry of Corporate Affairs (MCA) issued a note outlining the various phases in which Indian Accounting Standards converged with IFRS (Ind AS) is proposed to be implemented in India it was a landmark reforms in accounting & reporting sector. With this the Companies other than Banking Companies, Insurance Companies and NBFCs will be covered. Indian Accounting standard is highly precise. Thus Conversion Ind AS (the converged IFRS standards) in India may significantly affect a company’s day-to-day operations and may even impact the reported profitability of the business itself. Of course Conversion brings a one-time opportunity to comprehensively streamline the financial reporting.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
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
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
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.
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
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
4. Branches of finance
General Accounting:
– Financial accounting: recording of revenues, expenses, assets and
liabilities
– Cost accounting: recording, classification and reporting of cost data
by department, function, responsibilities, etc.
-> support to operations’ control
– Tax accounting: preparation and filling of tax forms (income, property
tax, payroll, excise, etc.)
4
2006 - Educational Institute
5. Branches of finance
Financial Management:
– Provide management with key information to enhance controls and
support business decisions
– Forward looking: preparation of budget and treasury planning
– Performance reports: actual results vs. budget, etc.
– Ad hoc analysis: return on investments, incremental analysis, etc.
5
2006 - Educational Institute
6. Branches of finance
Auditing:
– Review and evaluation of financial records, documents, and control
systems
– Often external / independent
– Ensure that financial records are properly kept
– Issue recommendations to strengthen financial controls
6
2006 - Educational Institute
7. Principles of Accounting
Generally Accepted Accounting Principles (GAAP)
– Include the standards, conventions, and rules accountants follow
– Provide guidelines for accounting methods
– Provide uniform basis for preparing financial statements
Enable comparisons
Ensure thoroughness
– Accepted through common usage
7
2006 - Educational Institute
8. Principles of Accounting
• Principle of sincerity (objective evidence): accounting records
should reflect in good faith the reality of the company's financial
status
• Principle of consistency: use of a similar method for the
accounting treatment of an item and for all similar items that follow
• Principle of the permanence of methods: allows coherence and
comparison of the financial information published by the company
• Principle of non-compensation: not compensation of a debt with
an asset, a revenue with an expense, etc.
8
2006 - Educational Institute
9. Principles of Accounting
• Principle of prudence: accounting records should show the reality
"as is" (not prettier!!)
ex.: revenue is recorded only when it is certain / provision is booked
for an expense which is probable
• Principle of continuity: assumption that the business will not be
interrupted. This principle mitigates the principle of prudence: assets
do not have to be accounted at their disposable value, but it is
accepted that they are at their historical value
• Principle of periodicity: each accounting entry is allocated to a
given period, and split accordingly if it covers several periods
9
2006 - Educational Institute
10. Principles of Accounting
• Principle of matching: necessity to relate expenses to revenues ->
accrual accounting
• Principle of Full Disclosure: all information and values pertaining
to the financial position of a business must be disclosed in the
records or in footnotes
10
2006 - Educational Institute
11. Principles of Accounting
Cash vs. Accrual Accounting
Cash Accounting
–Recognition of transaction at the point of cash movement
–Not in line with GAAP
–Acceptable if use does not materially affect the results
–Used by very small businesses
Accrual Accounting
–Recognition of revenue when earned (eg. issue of invoice, service
rendered, etc.)
–Recognition of costs when incurred (eg. collection of invoice, service
of goods received, etc.)
–Also when no transaction has happened (eg. depreciation, prepaid
insurance premium, etc.)
11
2006 - Educational Institute
12. Financial Aspects of Hospitality Industry
Source of revenues
–Rooms 68%
–Food 21%
–Beverages 4%
–Telecommunication 1%
–Rentals, events, conferences & others 6%
Costs and expenses
–Salaries & benefits 44%
–Operating expenses 30%
–Fees, taxes and insurances 11%
–Other cost of sales 9%
–Utility costs 6%
see exhibit 1 / page 4
12
2006 - Educational Institute
13. Financial Aspects of Hospitality Industry
– Revenue often subject to seasonality (throughout week, month,
year…)
– Limited inventories (in comparison to manufacturing industries);
generally < 5% of total assets vs. 30% for manufacturing firms
– Labor intensive (highest cost element)
– Requires large investments in fixed assets
13
2006 - Educational Institute
Editor's Notes
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers
AlterNance Direction Financière S.A. www.alternance.info CRPM - Interprétation des états financiers