IFRS vs FASB,GAAP, IAS1,comprehensive income,extraordinary items,IAS2,inventory cost,IAS39,hedging gain or loss,Macro hedging,derivatives,help to maturity, jose cintron, mba4help.com, advance business consulting
Quantitative Study of Comparison between Indian GAAP and IFRS - Corporate Fin...Aakriti Agarwal
Based on the thesis "Cash Flow Ratios to Predict Soundness of Business Investment" we've tried to see how the performance of a company might seem different financially just because of difference in accounting standards. This is also an attempt to unmask the true picture of a company's financial health from its operations alone.
Prepare Balance Sheets and Profit & Loss A/c in IFRS formatBUSYforSMEs
An introductory ebook on IFRS covering the following topics:
What if IFRS?
Why do we need it?
What's in it for us?
Comparison between IFRS and GAAP
How can you prepare IFRS compliant Balance Sheets
Quantitative Study of Comparison between Indian GAAP and IFRS - Corporate Fin...Aakriti Agarwal
Based on the thesis "Cash Flow Ratios to Predict Soundness of Business Investment" we've tried to see how the performance of a company might seem different financially just because of difference in accounting standards. This is also an attempt to unmask the true picture of a company's financial health from its operations alone.
Prepare Balance Sheets and Profit & Loss A/c in IFRS formatBUSYforSMEs
An introductory ebook on IFRS covering the following topics:
What if IFRS?
Why do we need it?
What's in it for us?
Comparison between IFRS and GAAP
How can you prepare IFRS compliant Balance Sheets
With the globalization of business, it has become more important than ever to establish common standards for the preparation of financial statements. A universal standard would make it easier to evaluate company accounts and more accurately compare business health across international borders. While most of the companies in the world do their financial reporting according to Local Generally Accepted Accounting Principles (GAAP), most of these countries have started using International Financial Reporting Standards (IFRS). This presents problems (i.e.; using the local GAAP) is faced by both shareholders and potential investors who are evaluating different companies. Plus, the marketplace has become much more complex with businesses’ serving international customers and using suppliers from all over the world.
(1) ACQUISITION EXPENSES Acquirers may incur millions in direct an.pdfanandatalapatra
(1) ACQUISITION EXPENSES
Acquirers may incur millions in direct and indirect costs finding targets, gathering and analyzing
information, seeking funds and negotiating deals. The question is how to report these costs.
Current GAAP . These costs are deferred by adding them to the purchase price. In all likelihood,
they increase recorded goodwill, where they remain until and unless impairment is recognized.
Deficiency . Although pre-transaction costs are necessary, they don’t add value to acquired
assets (including goodwill) and they are not assets on their own. It’s questionable whether
putting them on a balance sheet is useful.
New standard . Statement no. 141(R) follows the tenet that only real assets should be recorded
for a combination. Because acquisition-related costs are not assets, they will be charged to
expense. Exhibit 1 shows them being moved off the statement of financial position and onto the
income statement
(2) BARGAIN PURCHASE GAIN
In rare circumstances, an acquirer strikes a favorable deal and pays less than the aggregate fair
value of purchased net assets. These transactions raise two issues—at what amounts should
individual assets and liabilities be recorded, and is it useful to recognize a bargain purchase gain?
Current GAAP. The excess value is considered “negative goodwill.” Because of its focus on
cost, current practice selectively reduces certain asset carrying values until the aggregate total
equals the purchase price. (In very rare circumstances, any unallocated difference is treated as an
extraordinary gain.)
Deficiency. The balance sheet underreports the value at hand and available to management for
earning returns. In addition, management’s successful negotiation is not immediately reflected in
reported income.
New standard. Acquired assets and liabilities will be recorded at fair value and any excess over
the purchase price will be credited to a gain that flows to the income statement, net of deferred
taxes. The outcome will likely be more complete and useful statements of financial position and
income.
(3) CONTINGENT CONSIDERATION
In major transactions such as combinations, sizable spreads initially exist between amounts
buyers and sellers offer to pay and accept. One way to close that gap is contingent consideration
arrangements in which, depending on future events, a buyer agrees to pay an additional amount
or a seller agrees to refund part of the purchase price. Because contingencies can be difficult to
pin down, many issues have been raised about their financial statement effects.
Current GAAP. Most contingent consideration arrangements are ignored in determining the
recorded price. When additional payments based on earnings targets occur, their amounts are
added to goodwill. If payments are tied to stock price changes, paid-in capital is credited. If
refunds are received, the buyer reduces goodwill or paid-in capital.
Deficiency. In these circumstances, not immediately recognizing the contingent assets or
li.
Accounting, accountant, debits and credits, accounting equation, internal users of accounting, external user of accounting, assets, liabilities, equity, T accounts, natural balance, accounting cycle. Accounting principles, Advance Business Consulting, Jose Cintron, mba4help.com
Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, mba4help.com
Certify Public Accountant, CPA, CPA marketing, CPA social media, linkedIn, networking, social media, blogging, press release, viral videos, information videos, pay per click, display ads, SEO, SEM, email, local diretories, facebook, youtube,tweeter, google+, meetup, yelp, manta, yp.com, advance business consulting, jose cintron, http://mba4help.com, jose cintron
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Corporations, form a corporation, public corporation, private corporation, stockholders, corporation management, unlimited life, goverment regulations, double taxation, forming a corporation, advantages of corportations, disadvantages of corportations, stocks, forming a corporations, jose cintron, advance business consulting, http://mba4help.com
Plant assets disposal, gain on disposal , lost on disposal, retirement on plant assets, disposal of plant assets, journal entries, jose cintron , advance business consulting, mba4help.com
depreciation, straight line, units of productions, double declining, income tax, depreciation methods, advance business consulting, www.mba4help.com Miami, Jose cintron
Property Plan, Plan assets, Equipment, Land, building, journal entries, property plan and equipment, advance business consulting, jose cintron, mba4help.com
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How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.