Download Indian PowerPoint templates (ppt) and Google Slides themes to create awesome presentations. Today we are providing the complete details of Accounting Standard – 12 accounting for government grants I;e definitions, accounting treatment, Presentation of Grants Related to Revenue, Presentation of Grants of the nature of Promoters … All goods are then exported and sold in Australia, based on selling prices determined by U and influenced by Indian market. Apply in preparing and presenting general purpose FS.. Not applicable to structure and content of condensed interim FS.. CrystalGraphics 3D Character Slides for PowerPoint, - CrystalGraphics 3D Character Slides for PowerPoint. Indian accounting standard 23 –borrowing cost, No public clipboards found for this slide. The tax base of an asset or liability on initial, The non-monetary assets and liabilities of an, Which are temporary differences that will result, in determining taxable profit of future periods, Deferred tax assets and liabilities shall, when the asset is realized or the liability is, Consistent with the manner in which the entitys, The tax rate applicable to an entity may change. 12 1p10 (a),(b),(c), (d),(e),(ea), (f) • Varied practices with some enterprises reporting infrastructure as PPE. Since the post is about converting an InDesign file to a Powerpoint one, I won’t explain how to use the “Convert to Alternate Layout” function. ASSESSING CONTROL ... relevant Ind AS’s, such as Ind AS 111- Joint Arrangements, AS 28 - Investments in Associates and Joint Ventures or Ind AS 109 - Financial Instruments, because no investor can direct the activities without the co-operation of the others. This The total flight duration time from Indianapolis (IND) to Papeete (PPT) is typically 16 hours 35 minutes. Whether your application is business, how-to, education, medicine, school, church, sales, marketing, online training or just for fun, PowerShow.com is a great resource. Therefore recognize DTL / DTA as the case may be. If so, share your PPT presentation slides … Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 12 . You can change your ad preferences anytime. Ind AS 37 Provisions , contingent liabilities and contingent assets. Portfolio of Financial Instrument- Offsetting exemption • Ind As 113 permits an entity to measure a group of financial assets and financial liabilities on the basis of the net risk exposure to either market risks or credit risks. After you enable Flash, refresh this page and the presentation should play. Contents Title of Ind AS Page Ind AS 1, Presentation of Financial Statements 1 Ind AS 2, Inventories 6 Ind AS 7, Statement of Cash Flows 7 Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors 10 Ind AS 10, Events after the Reporting Period 13 Ind AS 11, Construction Contracts 15 Ind AS 12, Income Taxes 17 Ind AS 16, Property, Plant and Equipment 21 Type Jointly controlled operations (JCO) /, In JCO / JCA, recognize temporary difference as, In JCE, if method used for consolidation is, Provision of deferred tax depends on contractual, If venturer can control dividend policy do not, Subsidiary issues additional shares to others, Additional temporary difference may arise when, Recognize additional DTL or DTA as the case may, When the parent or investor acquires such an, In the consolidated financial statements of, A temporary difference may arise between the, For such investments or interests, the carrying, Therefore the standard requires the investor to, investor is able to control the timing of, it is probable the difference will not reverse, temporary differences will reverse in the, Deferred tax Non-current asset - liability, Do we need to disclose amount of deferred tax to, Recognize current deferred tax in Income (PL), A change in carrying amount arising from the, Exchange differences arising on the translation, In statement of other comprehensive income, The amount of income-tax relating to each, Items that could be recognized directly to, An adjustment to the opening balance of retained, Either a change in accounting policy that is, Amounts arising on initial recognition of the, The aggregate current and deferred tax relating, What if there are graduated rates of income-tax, Any other method that adopts a more appropriate, Explanation of relationship between tax expense, Analysis of deferred tax assets / liabilities, Deferred tax asset of loss making entities, Accounting policy to include measurement basis, Sources of estimation uncertainty - Ind AS, Illustration Disclosure of major components of, Adjustment recognized in current period for, The amount of benefit arising from a previously, Tax loss, tax credit or temporary difference, That is used to reduce current tax expense, those changes in accounting policies and errors, That are included in profit or loss as per IAS 8, The amount of deferred tax expense relating to, Origination and reversal of temporary differences, Changes in tax rates or the imposition of new, That is used to reduce deferred tax expense, from the write-down, or reversal of a previous, of a deferred tax asset on its review at balance, That are included in profit or loss as per Ind AS, The profit or loss from ordinary activities of, together with the corresponding amounts for each, To enable users of financial statements to, whether the relationship between the tax expense, to understand the significant factors that could, The effect of different tax rates of foreign, Tax expense and the product of accounting profit, Average effective tax rate and the applicable tax, Disclose the basis on which applicable tax rate, Provide explanation of changes in the applicable. The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Bird’s eye view Particulars Present obligation Probability of payment Amount to be paid When to be paid Liability Yes Yes Yes Yes 12 month •Financial liability is classified as current when due within 12 months, even if original term is for > 12 months and agreement to refinance is completed after reporting date •Loan due within 12 months is classified as Non current, if entity has discretion to refinance (eg rollover is … Taxmann Accounts & Audit - All About Ind AS, - Taxmann Accounts & Audit provides a complete guidance on implementation of Ind AS. Ind AS 12 Income Taxes: 17. Disclosures of the tax effects are made in accordance with Ind AS 12. Depreciable value can be:-Carrying value as 31.03.2015/16 (-) 5% of Gross Value. GAAP and Ind AS The table on the following pages set out some of the key differences between ICDS, Indian GAAP (including the provisions of Schedule III to the Companies Act, 2013, where considered necessary) and Ind AS. Separate Financial Statements. Many of them are also animated. Under Ind AS 116 lessees have to recognise a lease liability reflecting future lease payments … PPT – Ind AS 12 PowerPoint presentation | free to download - id: 7e210b-M2E4N, The Adobe Flash plugin is needed to view this content. It also deals with the reversal of the write-down of inventories to NRV. 1. On March 30, 2019, the Ministry of Corporate Affairs notified the new standard to be effective for annual periods beginning on or after 1 April 2019. Comparative Summary of Indian Accounting ... PowerPoint Presentation Last modified by: The definition of a financial instrument is broad. How to convert the InDesign file to PowerPoint using Adobe Acrobat. Scope & Objective – (a) Scope – This standard shall be applied in the accounting for and disclosure of events after the reporting period. Ind AS 2 Inventories: 2: 17. Indian GAAP, IFRS and Ind AS A Comparison | 5 The table on the following pages sets out some of the key differences between Indian GAAP (including the provisions of Schedule III to the Companies Act, 2013, where considered necessary), IFRSs in issue as at 31 December 2014 and Ind ASs. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry out certain amendments/ omissions in the above Ind ASs and to introduce two new Ind AS 11 and 18. PowerShow.com is a leading presentation/slideshow sharing website. Ind AS 116 is largely converged with IFRS 16 Leases. Boasting an impressive range of designs, they will support your presentations with inspiring background photos or videos that support your themes, set the right mood, enhance your credibility and inspire your audiences. Investments in Associates and Joint Ventures. 26. Ind AS 2: AS 2: 1: Subsequent recognition of cost/carrying amount of inventories as an expense. The entity would compare the revenue recognised as per Ind AS 18 / Ind AS 11 / IGAAP / Guidance Note for each arrangement (in respect of open contracts, as on 31 March 2018) with amount that would have been recognised as per Ind AS 115. Ind AS 11 Construction Contracts: 16. - Sources: ABIQUIM, ANIQ, CCPA, CEFIC, JCIA, United Nations, American Chemistry Council estimates. Ind AS 24, Related Party Disclosures. Disclosure of Interest in other entities. The PowerPoint PPT presentation: "Ind AS 12" is the property of its rightful owner. (b) Objective – Ind AS prescribes: Circumstances when an entity should adjust its financial statements for events after the reporting period; and IND AS 12 is about income tax, IND AS 17 is about a lease. Ind AS 109 is based on IFRS 9 which will replace IAS 39 and has not yet been made effective though earlier adoption has been allowed by IASB. INDIAN ACCOUNTING STANDARD 10 GROUP : E ROLL NUMBER : 11-20 AND 124 2. Registration and fee. Ind AS 10 Events after the Reporting Period: 15. 4. No such concept of reversal. Free + Easy to edit + Professional + Lots backgrounds. AS 2 does not provide this. MCA has notified a phase-wise convergence to IND AS from current accounting standards. IND AS 1 deal with the Presentation of Financial Statements. However, as per AS 29, an enterprise recognizes a provision for the decommissioning cost of an oil installation to the extent that there is an obligation to rectify damage already caused. IND AS shall be adopted by specific classes of companies based on their Net worth and listing status. As per para 16, Full/ Condensed FS both needs to make explicit and unreserved statement of compliance with Ind AS. 2: Provides detailed guidance in case of subsequent assessment of NRV. Indian Accounting Standard (Ind AS) 16 deals with the accounting and depreciation of property, plant and equipment, which are also covered by corresponding AS-10. Employee benefits are specified in IND AS 19. Sector-wise split of companies The covered companies, whose results have been analysed in this publication have been categorised into 12 broad sectors. Topic Indian GAAP Ind AS Non- Monetary Assets AS 12 requires government grants in the form of non-monetary assets, given at a concessional rate, to be accounted for on the basis of their acquisition cost only. Curso: T cnico em Qu mica Integrado. Read Summary of all Indian Accounting Standards(Ind AS). The IND is the means through which the sponsor technically obtains this exemption from the FDA. Now customize the name of a clipboard to store your clips. Ind AS 20, Accounting for Government Grants and Disclosure of Government Assistance. For Eg. Ind AS 108 Operating Segments: 10. Companies (Indian Accounting Standards) Rules, 2015. The PowerPoint PPT presentation: "Ind AS 12" is the property of its rightful owner. Ind AS 115 focuses on “control approach” for revenue recognition as against the “risk and rewards” approach under Ind AS 18; Download Presentation on IND AS 115 – Revenue from … A follow up from the first edition, in the second edition of ’Ind AS: Practical perspectives’, we … 24. If those economic benefits will not be taxable, May be for the full amount, a portion or none, May be in the year of acquisition or over a, Proceeds arising from its disposal that enter, Though the entity may generally generate economic, Tax base of an asset Carrying value Future, both taxable amounts and deductible amounts (A), Taxable amounts but not to deductible amounts (B), Taxable amount but gives rise to deductible, Either taxable amounts or deductible amounts (D), Recovery of asset gives rise to both taxable, Recovery of asset gives rise to taxable amounts, Recovery of asset does not give rise to taxable, Recovery of asset does not give rise to either, less any amount that will be deductible for tax, in respect of that liability in future periods, In the case of revenue that is received in, Tax base of a liability Carrying value Future, Expenditure expensed out in accounts but is, the carrying amount of an asset or liability in, An item of income or expenditure is included in, The cost of a business combination is allocated, Assets are revalued and no equivalent adjustment. 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