PPT-Generally Recognised Accounting Practice 103

14 FEBRUARY 2017 PRESENTATION OUTLINE Background Stakeholder Engagement Entities largely affected by GRAP 103 DAC Support to Entities Request for Exemption GRAP 103 Impact on the sector. They are vocationallyrelated creditbased qualifications that provide valuable opportunities for individuals to develop skills gain underpinning knowledge and understanding demonstrate competence in the workplace and provide progression to the accoun Monica J. Stern, Certified Public Accountant. What is an audit?. An audit is a . prescribed process. a Certified Public Accountant applies to . your financial statements. in order to provide the . end user. (RELEVANT EXTRACT – IAS 39). CA. NIRMAL GHORAWAT. B. Com (Hons), ACA. 1. INTRODUCTION – HEDGE ACCOUNTING. 2. Accounting Mismatch. Recognition. Measurement. Timing Differences. Hedged Item is not yet Recognised. Accepted Accounting . Principles – Accounting Constraints, Concepts, Assumptions, and Principles. GAAP PowerPoint . #3. Hierarchy of Qualitative Information. Cost/Benefit. Materiality. www.fasb.org. Accepted Accounting . Principles – Qualities of Accounting Information. GAAP PowerPoint #2. Hierarchy of Qualitative Information. Cost/Benefit (discussed in PPT #3. ). Materiality . (discussed in PPT #3). GAAP’s. Are a set of rules or standards followed by accountants. Some are formal and some are simply “accepted practice”.. The Canadian Institute of Chartered Accountants (CICA) establishes GAAP’s in Canada. Lecture 02. IAS 8 . Accounting Policies, Changes in Estimates and Correction of Errors. IAS 18. Revenue. IAS 37 . Provisions, Contingent Liabilities and Contingent Assets. Sajid. Shafiq, ACA. IAS-8 Overview. Principles – Accounting Constraints, Concepts, Assumptions, and Principles. GAAP PowerPoint . #3. Hierarchy of Qualitative Information. Cost/Benefit. Materiality. www.fasb.org. Discussed in PPT #2. . Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. November 16, . 2017. A tidal wave of change is coming. * Effective dates reflect the first year the standards are effective for a public filer in the United States.. Revenue recognition. 2018*. Lease accounting. Principles – Accounting Constraints, Concepts, Assumptions, and Principles. GAAP PowerPoint . #3. Hierarchy of Qualitative Information. Cost/Benefit. Materiality. www.fasb.org. Discussed in PPT #2. Issue19Updated April2021Academic departments wishing to submit applications for Recognitionare invited to seek further information from the membershipteamat recognitionioporgDegree RecognitionThe degr Definition and Governing Bodies. . GAAP PowerPoint #1. Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. BY UTSAV PALAN.. Points to be covered under IND AS-20 are as follows:. Introduction.. Scope.. Definitions.. Recognition of Government Grant. . Accounting Of Government Grant.. Disclosures.. INTRODUCTION TO IND AS-20.