President (Motorcycle Business) S Ravikumar Senior Vice President (Business Development and Assurance) Amrut Rath Vice President (Human Resources) C P Tripathi Vice President (CSR) Auditors Dalal and Shah Chartered Accountants Cost Auditor A P Raman Cost Accountant Bankers Central Bank of India State Bank of India Citibank N A Standard Chartered Bank Bank of America ICICI Bank HDFC Bank Registered under the Companies Act‚ 1956 Registered Office Mumbai-Pune Road Akurdi‚ Pune 411
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Difference between historical cost and fair value accounting In order to make the most profitable and rational decisions entity’s stakeholders have to evaluate organisation’s financial statements. Today’s world of rapidly changing prices has made it difficult to estimate what something is actually worth. Thus leading to debates at what price – historical costing price or market value – assets and liabilities should be reported. Therefore‚ before making any evaluations about reported transactions
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THE ACCOUNTING CYCLE LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM The Accounting Cycle © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-486-1 Download free books at BookBooN.com 2 Contents The Accounting Cycle Contents Part 1:
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should never go to war’‚ discuss. ‘People shouldn’t go to war’ this statement is important as it is a contradicting point in the bible and is a question asked by many people as it addresses several moral issues for Christians. Christians who think that we should never go to war and agree with the statement have several arguments to support their beliefs. They would tend to quote things from the most well known laws in the bible‚ the 10 commandments. If I were to say how can you justify on religious
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Who are these people? “God gave us our relatives; thank God we can choose our friends” Ethel Watts Mumford Anyone who is lucky enough to be a part of a big family and is able to spend time with them should consider the individual personalities that collectively define their family’s dynamics. Each member has different traits and experiences that make them who they are. Over the years I have attended countless family dinners and events and have taken note of a few extreme characteristics
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ACCOUNTING PERFORMANCE MEASURES Discuss the uses of accounting info in performance measurements. What are the limitations of accounting information? Accounting provides companies with various pieces of information regarding business operations. Management often reviews this information to determine how well their business is operating. A common use of such information is measuring the performance of various business operations. Financial ratios use the accounting information reported on the
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PERFORMANCE MEASUREMENT SYSTEMS IN THE PUBLIC SECTOR WHERE PERFORMANCE IS LINKED TO PAY: A LITERATURE REVIEW DRAWN FROM THE UK MIRAL METAWIE PhD student in Industrial Relations KBS Annex University of Kent at Canterbury Tel: 01227 82-3375 E-mail: mm248@kent.ac.uk DR. MARK GILMAN Senior Lecturer in Industrial Relations/HRM KBS University of Kent at Canterbury CT2 7PE Tel: 01227 823797 Fax: 01227 761187 E-mail: m.w.gilman@kent.ac.uk 3rd Conference on Performance Measurements and Management
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Contains statements/info furnished recklessly o Omits/obscures info req to be included = misleading • When aware‚ PA shall take steps to be disassoc from that info OBJECTIVITY • Not allow bias‚ conflict of interest or undue influence of others to override pro/business judgments • PA may be exposed to situations that may impair objectivity • Impracticable to define and prescribe all such situations • PA shall not perform a pro service if circum/rship biases or unduly influences his judgment with respect
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Entity Concept Money Measurement Concept Going concern concept Accrual basis concept Consistency Concept Materiality and aggregation concept Concept on Prudence Matching Principle Dual Aspect Relevance Concept Introduction Financial accounting has a number of conservative laws which have been considered over the years and all the possible identifiable rules are: Business Entity Concept‚ Money Measurement Concept‚ Going concern Concept‚ Accrual basis of accounting concept‚ Consistency
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Financial Accounting 1) Purpose of Financial Accounting is to provide financial information to a) Shareholders b) Board Of Directors c) Tax Authorities d) All Of these. 2) According to the Money Measurement concept‚the following will be recorded in the books of accounts a) Quality Control in Business b) Commission Payable to salesmen c) Extra profits made due to introduction of Budgetory Control System d) All of these. 3) A provision is a a) General Reserve b) pecific Reserve c) Capital Reserve d)
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