PDF-Accounting for long-lived assets

Cash Disbursement Matching BS IS Capitalize Expense inventory eg amount as BS Capitalize amount as depreciation Revenue recognized IS Expense 15514 Summer 2003 Session 7 Determ. CA SAMIR PARIKH. 11.05.2013. INTRODUCTION. Users Of Financial Statements Need Information For Making Economic Decisions.. Wants To Know Liquidity, Solvency And Risks Related To Assets And Liabilities.. Income Tax Act……… Direct Tax Code. VAT, Service Tax,CE …..GST. Companies Act…. New Companies Act. Accounting Standard….. Indian AS. SAP/AAS/SA………?. Above all EDP/ISA and so called paperless working. CA SAMIR PARIKH. 11.05.2013. INTRODUCTION. Users Of Financial Statements Need Information For Making Economic Decisions.. Wants To Know Liquidity, Solvency And Risks Related To Assets And Liabilities.. At the end of this lesson, you should be able to:. Identify the current practice for accounting for intangible assets;. Apply the relevant accounting standard on intangible assets; . and. Appraise the principal issues in accounting for intangible assets.. Chapter 8. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. to Accounting. McGraw-Hill/Irwin. McGraw-Hill/Irwin. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.. Explain the role of accounting in society.. LO 1. 1-. 1. Role of Accounting in Society. LECTURER: TROY J. WISHART . . Summer Course. ACT 1100. Is EASY POP!. Our Confession. Course Outline . ACT 1100 Introduction to Accounting. COURSE DESCRIPTION AND AIMS:. The aim of this course is to expose students to the mechanics of financial accounting. In addition students would be introduced to the history and development of accounting, accounting concepts, principles and practices.. for Estates and Trusts. Copyright © 2015 . McGraw-Hill . Education.. . All . rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Learnin. g Objective 19-1. Sonu. , . Monu. . and . Gonu. .. Sonu. lived in a house of straw.. Monu. lived in a house of sticks.. Gonu. lived in a house of bricks.. One day a big bad wolf came to . Sonu’s. house . He said ,” I will huff and puff and I will blow your house down.” So he huffed and he puffed and he blew the house down.. Greatest surgeon of the middle ages: the “father of surgery”. First description of haemophilia (hereditary disorder in which your blood doesn’t clot). Categorised cosmetics as pharmaceuticals and invented moulded lipstick and rub-on perfume.. Humans have shared the planet with millions of other creatures for thousands of years, we know surprisingly little about our neighbors—we don’t even know exactly how many flora and fauna call Earth home.. A K JHA. INTRODUCTION. Prepared after preparation of Financial Statements. Prepared for better understanding of Financial Statements. Helps understand fiscal position of the company. Ratio analysis is one of the analytical tool to find out the performance of a business venture.. Financial managers need to analyze . the . accounting records to…. Understand . how . things have worked in the past. Effects of a course of action. Costs and benefits of an action . Why do we need to study accounting? .