Quick Guide To Impact Of Covid 19 On Financial Reporting 2e

Author : Santosh Maller
Publisher : Bloomsbury Publishing
Page : 372 pages
File Size : 41,6 Mb
Release : 2021-09-20
Category : Business & Economics
ISBN : 9789354350597

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Quick Guide to Impact of COVID 19 on Financial Reporting, 2e by Santosh Maller Pdf

About the book 2020 has been a year shaped up by Coronavirus (COVID-19). This pandemic has resulted in widespread economic uncertainty and disruption of businesses across the world. There have been far reaching implications on financial reporting and this may continue for next couple of years. These circumstances potentially present entities with several challenges when preparing their financial statements for year ended 31 March 2021 and subsequent financial results. This book covers some of the key financial reporting implications that companies need to consider and, also, possible approaches that they may consider to dealing with the same keeping in view the business objectives, financial covenants and the accounting standards. Key consideration under COVID-19 for financial reporting consist of: asset impairment; inventory valuations and write downs; revenue recognition; debt covenants and debt servicing; lease rental concessions; foreign exchange accounting and losses/gains due to extreme volatility; litigation resulting from contractual defaults, invocation of force majeure clauses and potential exposure; Insurance claims for losses during shutdown period or loss of lives; and going concern. The Companies shall ensure that they provide sufficient disclosures in the notes to the financial statements with information about the entity that's useful to existing and potential investors, creditors, lenders, and other stakeholders. This book highlights the existing financial reporting requirements under Companies (Indian Accounting Standards) Rules, 2015 and Companies (Accounting Standards) Rules, 2006 that should be considered when addressing the financial effects of COVID 19 when preparing annual financial statements and possible audit approaches that can be considered relevant. The role of auditors at this stage would be under increased scrutiny as the auditors have responsibility to complete the audit work in accordance with professional standards and ethics requirements. Under the current circumstances, auditors must recognize that the manner in which they conducted the audits in the past may need significant modification to address the challenges and uncertainties arising out of the impact of COVID-19. Additionally, irrespective of the challenges and uncertainties, there should not be any dilution in the reporting or non-compliance with the auditing standards in carrying out the audits. This book is an attempt to cover the requirements of the accounting standards and auditing standards, with illustrative examples and COVID-19 related extracts from published financial statements of companies. The readers would find this book very useful. Key Features Covering: - Key accounting impact, with real-life examples and illustrations, under Ind AS and AS due to COVID-19. - Key COVID-19 considerations under auditing standards with real-life examples of KAM/EOM/qualifications in audit reports. - Real-life practical examples and extracts from Companies' financial statements/results. - Simple and concise summaries of accounting and auditing literature.

Author : Santosh Maller
Publisher : Bloomsbury Publishing
Page : 366 pages
File Size : 52,9 Mb
Release : 2021-03-15
Category : Business & Economics
ISBN : 9789390252091

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Quick Guide to Impact of COVID 19 on Financial Reporting, 1e by Santosh Maller Pdf

About the Book Coronavirus (COVID-19) has been rightly described as an unprecedented human, economic and financial crisis facing the world. This pandemic has resulted in widespread economic uncertainty and disruption of businesses. COVID-19 has and will have far reaching implications on financial reporting. These circumstances would potentially present entities with several challenges when preparing their financial statements for year/quarter ended 31 March 2020. This book, covers some of the key financial reporting implications that companies need to consider and also, possible approaches that may be considered while dealing with the same up-keeping in view of the business objectives, financial covenants and the accounting standards. The key aspects impacted by COVID-19 for financial reporting are: asset impairment; inventory valuations and write downs; revenue recognition; debt covenants and debt servicing; foreign exchange accounting and losses/gains due to extreme volatility; litigation resulting from contractual defaults, invocation of force majeure clauses and potential exposure; insurance claims for losses during shutdown period or loss of lives; and going concern. The companies shall ensure that they provide sufficient disclosures in the notes to the financial statements with information about the entity that's useful to existing and potential investors, creditors, lenders, and other stakeholders. This book highlights the existing financial reporting requirements under Companies (Indian Accounting Standards) Rules, 2015 and Companies (Accounting Standards) Rules, 2006 that should be considered when addressing the financial effects of COVID 19 while preparing annual financial statements and possible audit approaches that can be considered relevant. The role of auditors at this stage would be under increased scrutiny as the auditors have a public interest obligation to complete the audit work in accordance with professional standards and ethics requirements. Under the current circumstances, auditors must recognise that the manner in which they conducted the audits in the past may need significant modification to address the challenges and uncertainties arising out of the impact of COVID-19. Additionally, irrespective of the challenges and uncertainties, there should not be any dilution in the reporting or non-compliance with the auditing standards in carrying out the audits.

Author : Santosh Maller
Publisher : Bloomsbury Publishing
Page : 1952 pages
File Size : 46,8 Mb
Release : 2021-05-15
Category : Business & Economics
ISBN : 9789390252077

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Accounting under IndAS: An Illustrative Manual by Santosh Maller Pdf

About the book: Ind AS transition has resulted in high-quality, principles-based, globally comparable financial reporting of large Indian companies. The transition not only impacted the financial results of companies, but also caused far reaching consequential business impact. Since last two years, there have been several changes in Ind AS for example, amendments in the revenue recognition standard and new leases standard has drastically changed the performance reporting in the balance sheet composition of companies. Further, certain Ind AS principles are implicitly complex, for example, the accounting for financial instruments, acquisitions and business combinations are quite nuanced and can get difficult to apply without proper understanding. Towards this end, this book attempts to provide insights and in-depth analysis on interpretative issues and complex principles in the Ind AS standards. Ind AS contains extensive presentation and disclosure requirements. The relevant chapters extensively deal with these requirements with illustrative examples. To simplify the reading experience, the chapters include a brief, easy to understand, summary of the relevant standard, followed by Frequently Asked Questions (FAQs) on the chapter. Coronavirus (COVID-19) has also resulted in widespread economic uncertainty and disruption of businesses. There have been far reaching implications on financial reporting. These circumstances would potentially present entities with several challenges when preparing their financial statements. This Edition covers some of the key financial reporting implications by way of FAQs in related chapters that companies need to consider along with the possible approaches that they may consider to dealing with the same keeping in view the business objectives, financial covenants and the accounting standards. This book is intended to help the companies to identify Ind AS requirements that are relevant to them and evaluate various accounting policy choices available under Ind AS. The disclosure related issues would be useful to benchmark with the Ind AS/IFRS disclosures of major companies. Currently, there is limited literature of the Ind AS application issues. This book endeavors to provide guidance on these issues. The book would be an immensely useful referencer for professionals, practitioners and corporates.

Author : Omb
Publisher : Independently Published
Page : 122 pages
File Size : 55,9 Mb
Release : 2019-07
Category : Electronic
ISBN : 1077439261

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OMB Circular A-136 by Omb Pdf

This Circular provides guidance for Executive Branch entities required to submit audited financial statements, interim financial statements, and Performance and Accountability Reports (PARs) or Agency Financial Reports (AFRs) under the Chief Financial Officers Act of 1990, as amended (CFO Act), the Government Management Reform Act of 1994 (GMRA), and the Accountability of Tax Dollars Act of 2002 (ATDA). This Circular also provides general guidance to Government corporations required to submit Annual Management Reports (AMRs) under the Government Corporations Control Act. Why buy a book you can download for free? We print the paperback book so you don't have to. First you gotta find a good clean (legible) copy and make sure it's the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If it's just a 10-page document, no problem, but if it's 250-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. It's much more cost-effective to just order the bound paperback from Amazon.com This book includes original commentary which is copyright material. Note that government documents are in the public domain. We print these paperbacks as a service so you don't have to. The books are compact, tightly-bound paperback, full-size (8 1/2 by 11 inches), with large text and glossy covers. 4th Watch Publishing Co. is a HUBZONE SDVOSB. https: //usgovpub.com

Author : Dr.S.K.Mujibar Rahaman,Dr. M.Subramanian,Dr K Saravanan,Ebenezer K
Publisher : Archers & Elevators Publishing House
Page : 87 pages
File Size : 55,8 Mb
Release : 2024-06-02
Category : Antiques & Collectibles
ISBN : 9789394958104

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CHANGING BUSINESS – SURVIVAL AND SUSTAINABILITY QUOTIENT Volume II by Dr.S.K.Mujibar Rahaman,Dr. M.Subramanian,Dr K Saravanan,Ebenezer K Pdf

Author : Industry Canada,Competition Bureau Canada
Publisher : Competition Bureau Canada
Page : 44 pages
File Size : 51,7 Mb
Release : 2014-03-10
Category : Business & Economics
ISBN : 9781100232409

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The Little Black Book of Scams by Industry Canada,Competition Bureau Canada Pdf

The Canadian edition of The Little Black Book of Scams is a compact and easy to use reference guide filled with information Canadians can use to protect themselves against a variety of common scams. It debunks common myths about scams, provides contact information for reporting a scam to the correct authority, and offers a step-by-step guide for scam victims to reduce their losses and avoid becoming repeat victims. Consumers and businesses can consult The Little Black Book of Scams to avoid falling victim to social media and mobile phone scams, fake charities and lotteries, dating and romance scams, and many other schemes used to defraud Canadians of their money and personal information.

Author : Paul J. Gertler,Sebastian Martinez,Patrick Premand,Laura B. Rawlings,Christel M. J. Vermeersch
Publisher : World Bank Publications
Page : 364 pages
File Size : 42,6 Mb
Release : 2016-09-12
Category : Business & Economics
ISBN : 9781464807800

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Impact Evaluation in Practice, Second Edition by Paul J. Gertler,Sebastian Martinez,Patrick Premand,Laura B. Rawlings,Christel M. J. Vermeersch Pdf

The second edition of the Impact Evaluation in Practice handbook is a comprehensive and accessible introduction to impact evaluation for policy makers and development practitioners. First published in 2011, it has been used widely across the development and academic communities. The book incorporates real-world examples to present practical guidelines for designing and implementing impact evaluations. Readers will gain an understanding of impact evaluations and the best ways to use them to design evidence-based policies and programs. The updated version covers the newest techniques for evaluating programs and includes state-of-the-art implementation advice, as well as an expanded set of examples and case studies that draw on recent development challenges. It also includes new material on research ethics and partnerships to conduct impact evaluation. The handbook is divided into four sections: Part One discusses what to evaluate and why; Part Two presents the main impact evaluation methods; Part Three addresses how to manage impact evaluations; Part Four reviews impact evaluation sampling and data collection. Case studies illustrate different applications of impact evaluations. The book links to complementary instructional material available online, including an applied case as well as questions and answers. The updated second edition will be a valuable resource for the international development community, universities, and policy makers looking to build better evidence around what works in development.

Author : Gavin Barrett,Jean-Philippe Rageade,Diana Wallis,Heinz Weil
Publisher : Springer Nature
Page : 875 pages
File Size : 53,5 Mb
Release : 2021-05-12
Category : Law
ISBN : 9783030682538

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The Future of Legal Europe: Will We Trust in It? by Gavin Barrett,Jean-Philippe Rageade,Diana Wallis,Heinz Weil Pdf

With this Liber Amicorum, around 50 contributors from the legal and judicial professions, from academia and from politics pay tribute to Dr Wolfgang Heusel, the Director of the Academy of European Law (ERA) in Trier from 2000 to 2020. The contributions provide a thorough analysis of some of the most relevant legal and political challenges faced by the European Union, including in the fields of data protection rules, artificial intelligence, the rule of law, human rights protection, institutional reform of the EU and changes in the legal and judicial professions. The book is primarily aimed at postgraduate students, legal practitioners and scholars interested in EU legal matters.

Author : Tom Eisenmann
Publisher : Currency
Page : 370 pages
File Size : 45,5 Mb
Release : 2021-03-30
Category : Business & Economics
ISBN : 9780593137024

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Why Startups Fail by Tom Eisenmann Pdf

If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

Author : Stephen Kennedy,Laura A. Magee,Stacey A. Missmer,Jayashri Kulkarni,Vassiliki Benetou,Marianne Vidler,Chelsea Morroni
Publisher : Frontiers Media SA
Page : 319 pages
File Size : 49,7 Mb
Release : 2023-02-07
Category : Medical
ISBN : 9782832517154

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COVID-19 and Women's Health, 2nd edition by Stephen Kennedy,Laura A. Magee,Stacey A. Missmer,Jayashri Kulkarni,Vassiliki Benetou,Marianne Vidler,Chelsea Morroni Pdf

As a result of the Coronavirus disease (COVID-19) pandemic, the world is facing one of the greatest challenges we have experienced in over a century. The economic consequences for society at large are potentially catastrophic. The health and social care sectors have reacted by providing emergency care on an unprecedented scale, while the scientific community has focused on developing new treatments and a vaccine to prevent future waves of the pandemic. Evidence is emerging to suggest that certain conditions, such as obesity and hypertension, predispose some individuals to a worse outcome if they become infected, and that women may be less likely to die from COVID-19 than men. It is also currently believed that pregnant women are at no greater risk than the general population. There is an urgent need to determine whether these early observations are correct. Furthermore, we need to be sure that pregnancy outcomes are not affected by COVID-19 and that SARS-CoV-2 is not transmitted to the fetus during pregnancy or labour, nor to the infant through breast milk. There are so many questions that need to be answered to optimise care, avoid harm, reduce anxiety amongst women and their families, and inform health professionals and policymakers. We also need to understand the unintended consequences of the global lockdown on women’s health in general. For example, have rates of domestic violence risen; to what extent has women’s mental health been affected and have women successfully adapted or devised new coping mechanisms; have women been denied access to gynaecological treatments during the lockdown, including safe abortion and, if so, with what impact on their health and wellbeing; has the female work-force suffered disproportionately in economic terms; have national and international recommendations and policies been sufficiently gender neutral; have breastfeeding rates been adversely affected; will COVID-19 make attainment of the UN SDGs more difficult, etc.? In keeping with the Scope & Mission of Frontiers in Global Women’s Health, this Research Topic aims to provide a multi-disciplinary platform to answer important COVID-19 related questions that specifically impact upon women’s health and wellbeing, particular in resource-poor settings. The Topic Editors welcome a broad range of contributions including Original Research, Reviews, Commentaries, Study Protocols and Systematic Reviews. We would like to acknowledge Dr. Nathalie MacDermott and Dr. Rhiannon George-Carey who have have acted as coordinators and have contributed to the preparation of the proposal for this Research Topic. ***Given the exceptional nature of the COVID-19 situation, Frontiers is waiving all article publishing charges for COVID-19-related research in this Research Topic. Please note that manuscripts must be submitted by the deadline of December 31st.***

Author : OECD
Publisher : OECD Publishing
Page : 324 pages
File Size : 54,6 Mb
Release : 2017-03-27
Category : Electronic
ISBN : 9789264267992

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Standard for Automatic Exchange of Financial Account Information in Tax Matters, Second Edition by OECD Pdf

This publication contains the following four parts: A model Competent Authority Agreement (CAA) for the automatic exchange of CRS information; the Common Reporting Standard; the Commentaries on the CAA and the CRS; and the CRS XML Schema User Guide.

Author : World Intellectual Property Organization
Publisher : WIPO
Page : 62 pages
File Size : 44,8 Mb
Release : 2022-09-23
Category : Law
ISBN : 8210379456XXX

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Annual financial report and financial statements by World Intellectual Property Organization Pdf

WIPO financial statements are submitted to its Assemblies of Member States in accordance with the Financial Regulations and Rules.

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 55,9 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

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Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Author : Cas Mudde
Publisher : John Wiley & Sons
Page : 129 pages
File Size : 49,8 Mb
Release : 2019-10-25
Category : Philosophy
ISBN : 9781509536856

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The Far Right Today by Cas Mudde Pdf

The far right is back with a vengeance. After several decades at the political margins, far-right politics has again taken center stage. Three of the world’s largest democracies – Brazil, India, and the United States – now have a radical right leader, while far-right parties continue to increase their profile and support within Europe. In this timely book, leading global expert on political extremism Cas Mudde provides a concise overview of the fourth wave of postwar far-right politics, exploring its history, ideology, organization, causes, and consequences, as well as the responses available to civil society, party, and state actors to challenge its ideas and influence. What defines this current far-right renaissance, Mudde argues, is its mainstreaming and normalization within the contemporary political landscape. Challenging orthodox thinking on the relationship between conventional and far-right politics, Mudde offers a complex and insightful picture of one of the key political challenges of our time.

Author : Anonim
Publisher : World Health Organization
Page : 36 pages
File Size : 55,6 Mb
Release : 2021-05-17
Category : Medical
ISBN : 9789240024205

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Pandemic Influenza Preparedness Framework by Anonim Pdf