Indian Accounting Standards (Ind AS) were formulated by the Accounting Standards Board to converge Indian accounting standards with IFRS. Ind AS are applicable to companies in a phased manner based on net worth and listing status. Large listed companies and large unlisted companies were required to adopt Ind AS from fiscal year 2016, while smaller companies were required in later phases. However, implementation of Ind AS for insurers and banks has been deferred by their regulators.
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.
IFRS were issued by the Board of the International Accounting Standards Committee (IASC), known as International Accounting Standard Board(IASB).
In this ppt i have given Introduction International Accounting which covers approaches in international accounting, importance of ia, introduction international accounting.
Subscribe to Vision Academy for Video assistance https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
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.
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.
IFRS were issued by the Board of the International Accounting Standards Committee (IASC), known as International Accounting Standard Board(IASB).
In this ppt i have given Introduction International Accounting which covers approaches in international accounting, importance of ia, introduction international accounting.
Subscribe to Vision Academy for Video assistance https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
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.
This is a short article that I have made for Ind AS. I tried to do it in my own language but I have completed it with the help of internet and praveen sharma sir.
ACCA's Diploma in IFRS is a well-recognised qualification for participants who wish to learn about IFRS standards
and its practical implication on financial statements of the companies globally. ConTeTra Universal will also leverage
the firm’s rich experience through our experts who possess expertise in different domains across various industries and
its knowledge base to share practical insights. New Dip IFRS batch starts from 3rd August onwards.
Ind AS [ Indian Accounting Standards] - ApplicablitySai Youdhister
Applicability of Ind AS is only optional for F.Y. 2015-16 but, later criteria exist to make a financial statment under its applicabilty. The abov slide only expalins the Ind AS applicabitly.
IFRS in India - RSM India publication (pre 2010)RSM India
This book, published (before 2010) by RSM India group, intended to provide its readers a broad understanding of IFRS requirements in India and some key differences between IFRS and Indian Accounting Standards.
IFRS IND-AS (2014-2019) Application in IndiaGajveer Mahur
IFRS, Ind-AS 2014-2019 Application in Indian company, financial organisation
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB).
There is tremendous change in today's indian economy and at the same time our indian accounting system also heading to a new era i.e nothing but INDAS.
There are lots of confusion about Indian new accounting system (INDAS) even after 3 r
to 4 the implementation by various organization..
So thought to understand the root from where this INDAS arised at the same time prepared a ppt about indas roadmap
#accountingsystem
#INDAS
#INDAS ROAD MAP
accounting and auditing in kautilya's arthashastra.pdfanjalichaudhary75
In the Indian context, accounting and auditing have a very long history. However, accounting, auditing, and fraud risk management system have evolved over time to meet the needs and challenges of the growing society.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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
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.
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
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
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
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@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.
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.
2. INDIAN ACCOUNTING STANDARDS (IND AS)
- A CONVERGENCE OF ACCOUNTING STANDARDS WITH IFRS
Indian Accounting Standards (Ind As), notified under section 133 of the Companies
Act 2013 are the Accounting Standards which have been formulated keeping the Indian
economic & legal environment in view and with a view to converge with IFRS
(International Financial Reporting Standards), globally accepted Accounting
Standards.
It is issued under the supervision of Accounting Standards Board (ASB) which was
constituted in the year 1977 as a body or a committee under Institute of Chartered
Accountants of India (ICAI) consisting of representatives from government department,
academicians, and other professional bodies viz. ICAI, representatives from ASSOCHAM,
CII, FICCI, etc..
National Financial Reporting Authority (NFRA), constituted under Section 132 of
the Companies Act 2013, recommend these standards to the Ministry of Corporate
Affairs (MCA). MCA has to spell out the accounting standards applicable for companies in
India.
5. INDIAN ACCOUNTING STANDARDS (IND AS)
- A CONVERGENCE OF ACCOUNTING STANDARDS WITH IFRS
The MCA, in 2015, had notified the Companies (Indian Accounting Standards (IND
AS)) Rules 2015, which stipulated the adoption and applicability of IND AS in a phased
manner beginning from the Accounting period 2016-17.
Companies not covered by the above roadmap shall continue to apply existing Accounting
Standards notified in Companies (Accounting Standards) Rules, 2006.
Voluntarily Applicability
Companies can voluntarily choose to apply IND AS on their Annual Reports for
accounting periods beginning on or after April 01, 2015.
Adoption of Ind AS is allowed only when required. Voluntary adoption of Ind AS is not
allowed in case of NBFCs.
once a company has started reporting as per the IND AS, an entity shall be required to follow
the standards for all subsequent Reporting.
6. INDIAN ACCOUNTING STANDARDS (IND AS)
- A CONVERGENCE OF ACCOUNTING STANDARDS WITH IFRS
If IND AS become applicable to any company, IND AS shall automatically be made
applicable to all the subsidiaries, holding companies, associated companies, and joint
ventures of that company, irrespective of individual qualification of such companies.
Companies once required to comply with Ind AS, shall apply to both stand-alone financial
statements and consolidated financial statements.
Listed Companies are those companies
whose equity or debt securities are listed
or
are in the process of being listed
on any stock exchange in India or outside India.
Companies listed on SME exchange not required to apply Ind AS.
7. INDIAN ACCOUNTING STANDARDS (IND AS)
- A CONVERGENCE OF ACCOUNTING STANDARDS WITH IFRS
Net worth means the aggregate value of the paid-up share capital and all reserves created out of
the profits, securities premium account and debit or credit balance of profit and loss account after
deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous
expenditure not written off, as per the audited balance sheet, but does not include reserves created
out of revaluation of assets, write-back of depreciation and amalgamation.
Aggregate value of the
• paid-up share capital
• reserves created out of the
profits
• securities premium
account
• debit or credit balance of
profit and loss account
* does not include reserves created
out of revaluation of assets, write-
back of depreciation and
amalgamation
Aggregate value of the
accumulated losses
deferred expenditure
miscellaneous
expenditure not
written off
Net Worth
8. INDIAN ACCOUNTING STANDARDS (IND AS)
- A CONVERGENCE OF ACCOUNTING STANDARDS WITH IFRS
Calculation of Net Worth for Phase I or II
i. The net worth shall be calculated in accordance with the stand-alone financial
statements of the company as on 31st March, 2014 or the first audited financial
statements for accounting period which ends after that date.
ii. For companies which are not in existence on 31st March, 2014 or an existing
company falling under any of thresholds specified in Phase I and II for the first
time after 31st March, 2014, the net worth shall be calculated on the basis of the first
audited financial statements ending after that date in respect of which it meets the
thresholds specified in Phase I and II.
Calculation of Net Worth for Phase III or IV
i. the net worth shall be calculated in accordance with the stand-alone financial
statements of the NBFCs as on 31st March, 2016 or the first audited financial statements
for accounting period which ends after that date.
ii. For NBFCs which are not in existence on 31st March, 2016 or an existing NBFC
falling first time, after 31st March, 2016, the net worth shall be calculated on the
basis of the first audited stand-alone financial statements ending after that date, in
respect of which it meets the thresholds specified in Phase III and Phase IV.
9. ADOPTION PHASES OF IND AS
Phases I Phase II Phase III Phase IV
Applicable from 1st April 2016 1st April 2017 1st April 2018 1st April 2019
Bases Mandatory Applicability of IND AS to
Companies
Mandatory Applicability of IND AS to
NBFCs
Listing Status Listed Unlisted
Every
Listed
Company
Unlisted
Listed Unlisted Listed Unlisted
Net Worth greater than or equal
to Rs. 500 crore
Less than
Rs. 500
crore
greater
than or
equal to
Rs. 250
crore but
less than
Rs. 500
crore
more than or equal to
INR 500 crore
Less than
Rs. 500
crore
More
than or
equal to
INR 250
crore but
less than
INR 500
crore
10. Implementation of Indian Accounting
Standards (Ind AS) for Insurers/
Insurance companies
Implementation of Indian Accounting
Standards (Ind AS) for Scheduled
Commercial banks (excluding Regional
Rural Banks)
The Insurance Regulatory and Development
Authority (IRDA) vide circular release as on
January 21, 2020 has deferred the date of
implementation of Indian Accounting
Standard (Ind AS) for the insurance sector
from FY 20-21 in the circular dated June 28,
2017 till further notice.
The Reserve Bank of India dated March 22,
2019 has deferred the implementation of
new accounting rules (Ind AS)
for banks till further notice. The Indian
accounting standards or the Ind-As were
proposed to be effective April 1, 2019.