The readiness of departments and entities within the WCG on the componentisation of assets is discussed along with an overview. Componentisation involves breaking down significant parts of assets into individually identifiable parts with different useful lives. Advantages include accurate tracking o

0 views • 7 slides

GASB 96 provides guidance on accounting for subscription-based information technology arrangements for government end users. It outlines criteria for determining control of IT assets, distinguishes SBITAs from leases, and explains the recognition and measurement of subscription liabilities and asset

0 views • 26 slides

Piecemeal distribution of cash in partnership dissolution involves systematically distributing cash over stages as assets are realized and liabilities settled. Realization expenses, contingent liabilities, outside liabilities, partners' loans, and partners' capitals are settled in a specific order.

0 views • 6 slides

Minors can be admitted to the benefits of partnership with the consent of all partners. They have rights to share property and profits, access firm accounts, and sue for accounts. However, minors have liabilities and limitations in partnership, where their share is initially liable for firm acts but

0 views • 9 slides

Working capital management involves strategic decision-making regarding a company's current assets and liabilities to optimize liquidity, profitability, and risk. This process includes understanding working capital concepts, financing current assets, managing liability structure, and maintaining the

0 views • 26 slides

Understanding the fundamentals of accounting including bookkeeping, classification of data, users of accounting information, assets, liabilities, and capital. Practice exercises to classify items and review concepts of assets, liabilities, and equity.

0 views • 24 slides

Independent branches in accounting operate autonomously, making purchases externally, receiving goods from the head office, setting their selling prices, and managing expenses from their own cash flow. They keep complete books, prepare financial statements independently, and may engage in inter-bran

0 views • 10 slides

A foreign branch maintains its accounts in a foreign currency, requiring the head office to convert the trial balance into its own currency before finalizing accounts. Fixed and fluctuating exchange rates impact the conversion process, with specific rules for fixed assets, liabilities, and current a

0 views • 7 slides

This content provides an overview of capital gains and assets in income tax law and accounts, covering topics such as types of capital assets, assets not considered capital assets, kinds of capital assets (short-term and long-term), transfer year of chargeability, computation of capital gains, and c

0 views • 15 slides

International efforts led by civil society in Nigeria and Switzerland have successfully monitored the return of assets linked to the Abacha regime. Initiatives like the Nigerian Network on Stolen Assets and the Conditional Cash Transfer program demonstrate transparency and accountability in handling

0 views • 10 slides

This content provides an overview of an IFRS seminar on IAS 39, focusing on key concepts such as the classification and measurement of financial assets, impairment, reclassification, and more. It covers definitions of financial instruments, financial assets, equity instruments, and financial liabili

1 views • 43 slides

In the process of liquidation, the liquidator forms an estate comprising various assets of the corporate debtor for the benefit of creditors. These assets include ownership rights, tangible and intangible assets, proceeds of liquidation, and more. However, certain assets owned by third parties or he

0 views • 39 slides

University asset management guidelines cover the physical inventory policy, procedures, and fixed asset terminology for safeguarding, tracking, and reporting assets. Departments designate equipment liaisons to manage assets and conduct physical inventories regularly. Assets are categorized as capita

1 views • 21 slides

Delve into the fundamental disparities between non-profit and for-profit financial statements, exploring key indicators, such as balance sheets, assets, liabilities, and net assets. Discover the distinct financial structures and reporting methods that differentiate non-profit organizations from thei

0 views • 16 slides

The cost of credit refers to the additional amount a borrower must pay, including interest and fees, while financial statements are crucial reports that present a business's financial position and performance. These statements help users make informed economic decisions by providing clear, relevant,

0 views • 17 slides

Longevity Specialty Finance, LLC (LSF) is setting new standards in valuing level-3 assets and liabilities through their exclusive use of the Longevity Cost Calculator (LCC). The LCC, based on a proven longevity predictive algorithm, allows LSF to accurately price and value assets with unknown future

0 views • 11 slides

Clubbing of income refers to including another person's income in the taxpayer's total income to prevent tax avoidance practices like transferring assets to family members. This concept is addressed in sections 60 to 64 of the Income Tax Act. Key terms include transferor, transferee, revocable trans

1 views • 16 slides

A comparison between the principles of Electronic Liability Initiative (ELI) and the International Institute for the Unification of Private Law (UNIDROIT) regarding digital assets. ELI focuses on security over digital assets, while UNIDROIT covers a broader range, including transfers, custody, and m

0 views • 5 slides

Equitable distribution in Florida, governed by statutes 61.075 and 61.076, determines the fair division of marital assets and liabilities in divorce cases. Key considerations include identification, valuation, distribution presumption, and justification for unequal distribution. Assets are classifie

0 views • 28 slides

Consumer Action Law Centre in Victoria focuses on assisting low-income clients in managing debt and protecting their assets. The presentation emphasizes assessing the need for debt payment, considering the client's financial position, and exploring options to handle debt where income and assets are

1 views • 29 slides

Learn how to accurately complete Section 4 - Assets and Liabilities of the Parent's Financial Statement. This section covers details on rental payments, homeownership information, bank accounts, investments, retirement savings, and education funds. Follow the instructions provided to showcase the fa

0 views • 8 slides

The Wealth and Assets Survey (WAS) conducted by Oliver Tatum and Angie Osborn at the Understanding Society Research Conference in 2013 focuses on longitudinal issues, experiment design, research findings, and future plans related to the survey. The WAS background includes collecting data on personal

3 views • 28 slides

At the end of this lesson, you will be able to identify the principal issues in accounting for biological assets and agricultural produce at the time of harvest. Topics include the recognition, measurement, presentation, and disclosure of biological assets in financial statements. Questions regardin

0 views • 26 slides

This content provides insights into the accounting standards for biological assets and agricultural produce under LKAS 41, discussing classification, presentation, measurement, gain or loss recognition, and disclosure requirements. It covers the unique nature of biological assets, the scope of LKAS

0 views • 20 slides

The auditor presentation by Matt N. Pressey, CPA, Audit Manager at McGilloway, Ray, Brown & Kaufman, highlighted the audited financial statements for the year ended June 30, 2021. The district received a GFOA award for excellence in financial reporting, and the presentation included statements of ne

0 views • 11 slides

Explore a detailed guide on tracking and recording fixed assets in educational institutions, covering key aspects such as capital assets accounting procedures, general ledger accounts, and the definition of capital assets. Learn the minimum standards for valuing assets, recording guidelines, and the

0 views • 25 slides

UNDP has launched the Don't Choose Extinction campaign with a comprehensive playbook and content calendar to support the initiative across social channels. The campaign includes assets, delivery schedules, platform guides, and regional alignment strategies, aiming to deliver a unified message to com

0 views • 19 slides

Advisory updates on BSEE program focusing on bankruptcies, orphan assets, and decommissioning liabilities. Actions include contracting procedures, financial assurance coverage, and funding strategies to address wells, pipelines, and structures. Attention given to MIGO, ANGLO SUISSE, and ATP/BENNU as

0 views • 22 slides

Implementing Oracle Fixed Assets for managing fixed assets and capital projects, the proposed process aims to streamline capitalization, improve financial reporting controls, and enhance operational efficiencies. By organizing accounts based on asset categories, tracking ownership, and providing det

0 views • 9 slides

In accounting, recognition of intangible assets as assets requires the expectation of future economic benefits flowing to the entity and reliable measurement of the asset's cost. Intangible assets acquired separately are recognized based on their fair value, while those acquired in business combinat

0 views • 23 slides

Entities must periodically test for impairment to ensure assets are not overstated. An impairment loss occurs when an asset's carrying amount exceeds its recoverable amount. Assets like inventories and deferred tax assets may require testing. Learn when to undertake impairment tests, key indicators,

0 views • 19 slides

Explore financial concepts through a Jeopardy-style game with categories like Short-term Assets, Long-term Assets, Liabilities, Equity, Financial Statements, and Ratio Analysis. Test your knowledge with questions on accounts receivable, borrowers, and more. Prepare for the final Jeopardy round as yo

0 views • 73 slides

Net Investment in Capital Assets is a critical component of an entity's financial position, reflecting the value of capital assets owned. It represents the portion of the net position that is not spendable as it is invested in assets. Calculating Net Investment in Capital Assets involves subtracting

0 views • 17 slides

Director's liabilities under the Companies Act, 2013 include definitions of directors, shadow directors, officers, and those in default. Responsibility for default and potential prosecutions for wrongful actions are discussed. Changes in definitions and concepts are highlighted to illustrate the leg

0 views • 37 slides

Explore the essential key words related to final accounts such as Debtors, Creditors, Assets, Liabilities, Fixed Assets, Current Assets, Current Liabilities, Long-term Liabilities, Purchases, Sales, and Gains. These images provide a visual representation of the concepts to help you grasp the fundame

0 views • 12 slides

Learn about net worth, liabilities, and assets by exploring how integers are used to determine the financial standing of individuals. Discover the concepts of liabilities, responsibilities, and assets through real-life examples of notable personalities. Dive into calculations and understand how net

0 views • 18 slides

The ARAA 2003 mandates that all plights must be supported by affidavits and payment of court fees. Affidavits are considered substantive evidence in court proceedings, allowing for judgment without witness deposition. Financial liabilities for mortgagees and guarantors are joint and several, with a

0 views • 14 slides

Reformulated balance sheets in financial analysis involve categorizing assets and liabilities into operating and financial components for a more detailed credit analysis. This process helps differentiate between assets and liabilities used in business operations versus financing activities, providin

0 views • 17 slides

Community Land Trusts (CLTs) are legal entities run by local volunteers to collectively own and manage property/land, undertake development projects, and secure assets for the community. With priorities set by communities to address local issues like affordable housing and recreation, CLTs provide a

0 views • 13 slides

Exploring the liability aspects of mediators in various jurisdictions, this academic session discusses different types of liabilities, submitting liability claims, and scenarios where mediators may face liability issues. It delves into contractual, tortious, and criminal liabilities, examining the n

0 views • 11 slides