thinks to understand for financial_research

May 28th, 2015
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A. T. Still University
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A new phase in the Indian stock markets began in the 1970s, with the introduction of Foreign Exchange Regulation Act (FERA) that led to divestment of foreign equity by the multinational companies, which created a surge in retail investing. The early 1980s witnessed another surge in stock markets when major companies such as Reliance accessed equity markets for resource mobilisation that evinced huge interest from retail investors. The early 1980s witnessed another surge in stock markets when major companies such as Reliance accessed equity markets for resource mobilisation that evinced huge interest from retail investors.

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FINANCIAL STATEMENTS LIMITED COMPANY OBJECTIVES FORMAT- Schedule VI ACCOUNTING STANDARDS CLASSIFICATION OF ITEMS IN BALANCE SHEET TREATMENT OF VARIOUS ITEMS APPEARING INTRIAL BALANCE SELECTED ADJUSTMENTS IN COMPANY FINALACCOUNTS SPECIAL POINTS TO BE CONSIDEREDby Ms. Poonam NamjoshiOBJECTIVES To provide financial information whichis useful to the decision makers To provide financial information topredict cash flow in future. To provide information about assets,liabilities and changes in resourcesand claim.by Ms. Poonam NamjoshiFormat Schedule VI Balance sheet Income Statementby Ms. Poonam NamjoshiACCOUNTING STANDARDSby Ms. Poonam NamjoshiAS-1Disclosure of AccountingPolicies. Disclosure of Accounting Policy:Any Change in the policies and itseffects should be disclosed.by Ms. Poonam NamjoshiAS-2Valuation Of Inventories Valuation of inventories should belower of cost or Net realizable value.The method of valuation should beweighted average or FIFO. Formanufactured goods, absorptioncosting method should be appliedfor ascertaining the cost.by Ms. Poonam NamjoshiAS-6Depreciation The basis of charging depreciationshould be consistently followed anddisclosed. If there is any change, itseffect should be disclosed. ScheduleXIV under Companies Act permitsWDV or SL method only. The rates ofdepreciation of various assets arealso prescribedby Ms. Poonam NamjoshiAS-9R

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