PPT-INDIAN ACCOUNTING STANDARDS (IND AS)

Damania amp Varaiya 1 Roadmap to IND AS Damania amp Varaiya 2 INDIAN ACCOUNTING STANDARD 16 PROPERTY PLANT amp EQUIPMENT Damania amp Varaiya 3 Applicability Inclusions Tangible items that are held for use in production or supply of goods or services rental to others or administrative purposes. 1 First - time Adoption of Indian Accounting Standards ( This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type ind The Environment of Accounting Research. The accounting environment. Accounting standards are influenced by:. Federal bodies. Tax laws. Specialized industries. Inconsistencies in practice. Disagreements among constituents. By Phil Rickard. Associate Professor of Accounting, Mount Vernon Nazarene University. What is U.S. Accounting Convergence?. Accounting Harmonization. Relates to the process of substantially standardizing the rules and regulations for international securities and the related accounting principles across . 435 Consolidated Financial Statements (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main pri 525 Fair Value Measurement (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.) O RICHARD G. SCHROEDER . MYRTLE . W. CLARK . JACK . M. CATHEY. THEORY . AND. ANALYSIS: . TEXT AND CASES. 11. TH. EDITION. CHAPTER 1. THE DEVELOPMENT OF ACCOUNTING THEORY. Introduction. What is theory?. Frederick D. S. Choi . Gary K. Meek. Chapter 4: . COMPARATIVE . . ACCOUNTING: . The Americas and . . Asia. Learning objective:. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 1. Describe . the growing importance of global . financial markets . and its relation to financial . reporting.. Identify . . 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. and . Conceptual Framework for Financial Reporting. ACCT-3030. 1. 1. Basic Definitions. What is accounting?. the identification, measurement, and communication of financial information. about economic entities. 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. “Priority Sectors – Automotive, Electrical Equipment including Consumer Electronics, Smart City, ICT . February 2021. Agenda. Main Indian Standardisation Bodies. BIS. TSDSI. TEC. New Approach/ Key Initiatives of the Indian Gov.. Organized by : . Vasai Virar CA CPE Study Circle of . of. The Western India Regional Council of the ICAI. By- . CA Hardik Chokshi. . Presentation outline – AS 1- AS 15. PRESENTED BY : JITEN MAHENDRABHAI TRIVEDI. FCA (Gold . medalist. ) , . CS (AIR) ,. LLB ( Uni. Topper ) ,. .