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                  52                                Corporate Finance                      BRILLIANT’S


                  AS-11: The Effect of Changes in Foreign     AS-11: \$m°aoZ EŠgM|O Xam| _| n[adV©Z H$m à^md
                  Exchange Rates
                      Effect of changes in Foreign Exchange Rate  \$m°aoZ EŠgM|O Xam| _| n[adV©Z H$m à^md àma§^ {H$`o
                  shall be applicable in respect of Accounting  J`o AH$mC§qQ>J nr[a`S> Ho$ g§~§Y _| `m 1-4-2004 Ho$
                  Period commencing on or after 01-04-2004 and
                  is mandatory in nature.                     níMmV² bmJy hmoJr VWm ì`dhma _| Amdí`H$ h¡&
                      Objective: To decide which exchange rate    CÔoí`… {ZU©`> H$aZm {H$ H$m¡Z-gm EŠgM|O aoQ> Cn`moJ
                  to use and how to recognize foreign currency  H$aZm h¡ VWm \$m`Z|{e`b ñQ>oQ>_|Q²>g _| \$m°aoZ H$a|gr
                  transactions  and  foreign  operations  in  the
                  financial statements.                       >Q´>m§OoŠe§g VWm \$m°aoZ Am°naoe§g H$mo H¡$go Cn`moJ H$a|&
                      Disclosure: Effect of changes in Foreign    {S>ñŠbmoOa… \$m°aoZ EŠgM|O aoQ> _| n[adV©Z H$m à^md
                  Exchange Rate, an enterprise should disclose  EH$ à{Vð>mZ H$mo {ZåZ{b{IV nhbwAm| _§o {S>ñŠbmoO H$aZm
                  following aspects:                          Mm{hE…
                    Amount of Exchange Difference included      A_mC§Q> Am°’$ EŠgM|O {S>\$a|g Hw$b bm^ `m hm{Z _|
                      in Net Profit or Loss,                      gpå_{bV H$s J`r h¡,
                    Amount accumulated in foreign exchange      \$m°aoZ EŠgM|O Q´>m§gboeZ [aOd© _§o g§{MV am{e,
                      translation  reserve,
                    Reconciliation  of  opening  and  closing   \$m°aoZ EŠgM|O Q´>m§gboeZ [aOd© Ho$ AmonqZJ VWm
                      balance of Foreign Exchange translation     ŠbmoqOJ ~¡b|g H$m [aH§${g{bEeZ&
                      reserves.
                  AS-12:  Accounting  for  Government         AS-12: JdZ©_§oQ> J«m§Q>²g Ho$ {bE AH$mC§qQ>J
                  Grants
                      The  standard deals  with accounting  for   `h ñQ>¢S>S>© JdZ©_|Q> J«m§Q>²g Ho$ {bE AH$mC§qQ>J na
                  government grants.  Government grants  are  MMm© H$aVm h¡& H$^r-H$^r JdZ©_|Q> J«m§Q²>g H$mo AÝ` Zm_
                  sometimes  called  by  other  names  such  as  O¡go {H$ gpãgS>rO, H¡$e B§g|{Q>ìg, S²>`yQ>r S´>m°~¡Šg Am{X ^r
                  subsidies, cash incentives, duty drawback etc.  H$hm OmVm h¡&
                      This standard does not deal with:           `h ñQ>¢S>S>© {ZåZ{b{IV H$s MMm© Zht H$aVm h¡…
                  (a) The special problems arising in accounting  (a) ~XbVo _yë`m| Ho$ à^mdm| H$mo àX{e©V H$aZo dmbo
                      for  government  grants  in  financial      \$m`Z|{e`b ñQ>oQ>_|Q²>g _§o `m EH$ g_mZ àH¥${V H$s
                      statements  reflecting  the  effects  of    nyaH$ gyMZm _| JdZ©_|Q> J«m§Q>²g Ho$ {bE AH$mC§qQ>J _|
                      changing  prices  or  in  supplementary
                      information of a similar nature,            CËnÝZ hmoZo dmbr {deof g_ñ`mE±&
                  (b) Government assistance other than in the  (b) JdZ©_|Q> J«m§Q²>g H$mo N>mo‹S>H$a AÝ` emgH$s` ghm`Vm&
                      form of government grants,
                  (c) Government participation in the owner-  (c) à{Vð>mZ Ho$ ñdm{_Ëd _| emgH$s` gh^m{JVm&
                      ship of the enterprise.
                  AS-13: Accounting for Investments           AS-13: B§doñQ>_|Q²>g Ho$ {bE AH$mC§qQ>J
                      This standard deals with accounting for     `h ñQ>¢S>S>© à{Vð>mZ Ho$  \$m`Z|{e`b ñQ>oQ>_|Q²>g ‘|
                  investments  in  the  financial  statements  of  B§doñQ>_|Q²>g Ho$ {bE AH$mC§qQ>J VWm g§~§{YV Amdí`H$
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