| | Bottom of Form | Profit & Loss account of Tata Consultancy Services | ------------------- in Rs. Cr. ------------------- | | Mar '14 | Mar '13 | Mar '12 | Mar '11 | Mar '10 | | | 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | | | | | | | Income | | | | | | | | | | Sales Turnover | 64,672.93 | 48,426.14 | 38,858.79 | 29,275.68 | 23,044.84 | | | | | | Excise Duty | 0.00 | 0.00 | 0.25 | 0.27 | 0.39 | | | | | | Net Sales | 64,672.93 | 48
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The Need for a New Impairment Model Related to Financial Assets and Loans Jonathan L. Harris Florida Atlantic University ACG 6135 - Advanced Accounting Theory Professor Kohlbeck October 10, 2014 Table of Contents Table of Contents Introduction………………………………………………… 3 Background…………………………………………………. 4 FASB’s CECL Model……………………………………….. 6 Credit Impairment and Hedging…………………………… 7 Current vs. Impairment Model…………………………….. 8 Controversy Surrounding the CECL Model………………. 9 FASB’s Exposure
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for others to use (but excludes land and building for capital appreciation or hiring purposes) 1.2 Measurement This refers to placing a value on the transaction to qualify as an element of financial statement.1AS 16 allows two ways of measuring PPE. They are; * Cost model- This is where the PPE is measured at its historical cost and as historical cost accounting demands through matching concept, the historical cost is depreciated over the estimated useful life of the asset. According to the standard
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BKAF3063: FINANCIAL ACCOUNTING AND REPORTING III (A132) TUTORIAL 1: ACCOUNTING FOR LEASES DUE DATE: 2/3/2013 BEFORE 12.00PM QUESTION 1: On 1 January 2013 Ayman Bhd. entered into a lease agreement to lease machine from Harry Bhd. The terms of the agreement included: (i) non-cancellable lease term of nine years, with an option to buy the machine at the end of lease term for RM7,000; (ii) lease rental of RM34,000 per year to be paid semiannually by Ayman Bhd. on 1 July and 1 January each
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Intermediate Accounting 1 -- Spring 2014 Financial Accounting Standards Codification Research Assignment Questions In order to complete this assignment, you will need to access the Financial Accounting Standards Board (FASB) Financial Accounting Standards Codification database. The related information for this is posted on Blackboard for this course. The UH copy of the FASB Financial Accounting Standards Codification (FASC) can be accessed at: http://aaahq.org/ascLogin.cfm. The FASC is the one and
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Intermediate Accounting 1 -- Spring 2014 Financial Accounting Standards Codification Research Assignment Questions In order to complete this assignment, you will need to access the Financial Accounting Standards Board (FASB) Financial Accounting Standards Codification database. The related information for this is posted on Blackboard for this course. The UH copy of the FASB Financial Accounting Standards Codification (FASC) can be accessed at: http://aaahq.org/ascLogin.cfm. The FASC is the one and
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incorporated under the provisions of Companies Act, 1956 as a limited Company. 1. Significant accounting policies a) Basis of preparation of financial statements The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting in accordance with the Generally Accepted Accounting Principles in India and comply with the Accounting Standards (AS) notified by the Central Government of India under Section 211 (3C) of the Companies
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Generally Accepted Accounting Principles SA HCS/571 January 11th, 2014 R.G. Generally Accepted Accounting Principles Every organization consists of an accounting department that manages the finances. The key element to maintaining any hospital, ambulatory care center, or private medical office is to have a structured financial statement and a team of accountants to audit the establishment. The generally accepted accounting principles that are reviewed include entity concept, going-concern
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Dollar Tree Financial Statement Analysis DeVry University 8/19/12 Table of Content Introduction-------------------------------------------------------------------------------------------------------------------3 Question 1--------------------------------------------------------------------------------------------------------------------3 Question 2--------------------------------------------------------------------------------------------------------------------4 Question 3----------
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future cash flows from an asset is less than the asset’s book value. Step2 is the measurement of impairment loss by taking the difference between the asset’s book value and its fair value. Since the commercial building’s undiscounted future cash flows of $4.2 million is less than its carrying value of $4.5 million, an impairment loss should be recorded as the difference between carrying value of $4.5 million and fair market value of $3.9
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