Notes to the accounts 1 statement of compliance these accounts have been prepared in compliance with the hong kong companies ordinance and the applicable disclosure provisions of the rules governing the listing of securities on the stock exchange of hong kong limited the listing rules. This is also where companies bury what they do not want investors to notice. Significant accounting policies and notes on accounts. Using the notes to accounts notes to accounts accounts. Electrical and mechanical services department subject. The subject company accounts and auditing practices is very important for the students. Principal activities the company is an investment holding company and its subsidiaries are principally engaged in the provision of banking and related financial services in hong kong. Lecture notes company accounts principles of accounting.
Accrual is concerned with expected future cash receipts and payments. Download cs executive company accounts theory notes. Note to the accounts meaning in the cambridge english. The notes give further details on the numbers given in the accounts.
Accounting for esop, buyback, equity shares with differential rights, underwriting and debentures. Henderson investment limited 36 annual report 2012 notes to the accounts for the year ended 31 december 2012 2 significant accounting policies continued c basis of preparation of the accounts continued the preparation of these accounts in conformity with hkfrss requires management to make judgements. The best accounts o level notes, revision guides, tips and websites compiled from all around the world at one place for your ease so you can prepare for your tests and examinations with the satisfaction that you have the best resources available to you. Notes basic accounting principles business environment 64 the results disclosed in the financial statements will be uniform and comparable. Notes on the accounts expressed in hong kong dollars annual report 2000 1 1 significant accounting policies continued c investments in subsidiaries a subsidiary is a company in which the group, directly or indirectly, holds more than half of the issued share capital, or controls more than half of the voting power, or controls. It is not uncommon for the market not to notice information buried in the notes, so if you are looking for an edge in valuation it is certainly one place to look but it is time consuming. Restructuring pursuant to the summary indicative heads of terms dated 16 december 1999 and, inter alia, a restructuring agreement dated 22 december 2000, the group underwent a corporate reorganisation and indebtedness restructuring the restructuring. The methodology notes are divided into three parts, namely, the. Notes to the accounts 1 basis of preparation and accounting policies these unaudited interim accounts are prepared in accordance with hong kong statement of standard accounting practice ssap 25 interim financial reporting issued by the hong kong society of accountants, and appendix 16 of the listing.
Notes are also used to explain the accounting methods used to prepare the. The importance of these numbers should not be underestimated. Turnover a total value of transactions arising from dealing in securities i for own account, directors account and the accounts of companies. Revenue and segmental informationrevenuean analysis of the groups revenue is as follows. Basis of preparation and accounting policies this unaudited interim report has been prepared in accordance with hkas 34 interim financial reporting issued by the hkicpa and should be read in conjunction with the groups annual report for 2004.
Notes to the accounts continued note 1 significant accounting policies continued i revenue recognition continued vi when the outcome of construction contracts relating to the groups satellite television services business can be estimated reliably, revenue from a fixed price contract is recognised using the. Such shares are transferable by its members except in case of a private limited company, which may have certain restrictions on such transferability. In the course of his work, a company secretary is expected to have the working knowledge of company accounts. A separate profit and loss account has not been presented in respect of the company, as provided by section 408 of the companies act 2006. Significant accounting policies continued f property, plant and equipment and depreciation continued where parts of an item of property, plant and equipment have different useful lives, the cost of the item is allocated on a reasonable basis between the parts and each part is depreciated separately. Theory notes of company accounts accounting standards objectives of. The programme takes you from basic debits and credits to the preparation of simple financial statements, showing you the importance of accurate information and how to. Rentals in respect of assets taken on operating leases by the company are expensed. Notes to the accounts prior period adjustments, changes in accounting policies and estimates and errors where accounting policies change or changes are made that correct material errors affecting more than one financial year then the comparative figures for the previous financial year will normally be restated. Corporate accounting notes pdf, books, b com, bba 2020. Dsg is ringfenced and can only be applied to meet expenditure properly included in the schools budget, as. As and a2 business studies accounting covering company accounts, final accounts,capital and revenue expenditure, working capital, profit and loss. Notes to the accounts for the year ended 31 march 2004 these notes form an integral part of and should be read in conjunction with the accompanying accounts. Jones sample accounts limited accountant 2u direct.
Icsi house, 22, institutional area, lodi road, new delhi 110 003. The notes on national accounts methodology in short methodology notes describe the sources and compilation methodology of gross domestic product and the compilation of the integrated economic accounts. It was prepared jointly by the international monetary fund, the european union, the organization for economic cooperation. Company accounts, cost and management accounting icsi. An example of how to correct errors in a suspense account. Accounting attempts to recognize noncash events and circumstances as they occur. The notes to the accounts are a series of notes that are referred to in the main body of the financial statements. S rawat and do handful of pm questions which are important, and which you might have marked while solving pm just do that. Accounting is a system meant for measuring business activities, processing of information into reports and making the findings available to decisionmakers. Dedicated schools grant the councils expenditure on schools is funded by grant monies provided by the department for children, schools and families, the dedicated schools grant dsg. The unaudited financial results and portfolio of schemes for the period ended on that date, together with the notes there to, were approved by the board of kotak mahindra asset management company limited and by the board of kotak mahindra trustee company limited at their meetings held on 22nd april 2017. Determining whether an account has a debit or credit balance. Ca cpt accounts notes pdf start preparing for accounts and law from 5 days before exams simultaneously so that you dont have to panic during the study leave for law.
The capital is contributed by the shareholders through the subscription of shares. An essential jargonbusting introduction to accounting terms and key concepts. Notes to the accounts the insurance contracts that the club issues are entered into the accounts in line with norwegian accounting regulation regulations for annual accounts for insurance companies approved by the norwegian ministry of finance. Company is an artificial person created by law to carry on a business for the profit with distinct legal existence.
Income tax calculator new scheme vs old scheme and consent letter for fy 202021. The carrying amounts of the companys borrowings are denominated in the. Lecture notes for global management for principles of accounting. Inhouse training we can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. The documents, which communicate these findings about the performance of an organisation in monetary terms, are called financial statements. This pdf study material contains comprehensive lecture notes for your preparation and revision of accountancy subject for class 12 board exams. Introduction to company accounts demystify accounts and accounting procedures with this practical introduction to company accounts.
Types of companies there are 2 principle types of companies. Disclosure under regulation 2511 of the securities and exchange board of india mutual funds regulations, 1996, as amended. The system of national accounts 2008 2008 sna is a comprehensive, consistent and flexible set of macroeconomic accounts to meet the needs of government and privatesector analysts, policymakers, and decisionstakers. Profit and loss information current year last year 1. Partnerships were not suitable for such businesses because the membership is limited to 20 persons. Notes to the accounts for the year ended 31 march 2005 these notes form an integral part of and should be read in conjunction with the accompanying accounts. The notes to the accounts give you the backround information you need to correctly interpret the rest of the accounts. Limited companies come into existence because of the growth in size of business and the need to have many investors in the business. I contingent liabilities money you agreed to repay by signing notes, or by being a comaker. He should also have the working knowledge of auditing concepts such as verification, vouching, and internal control.
The main scheme, which covers most employees, is the 3i group pension plan the plan. The financial statements have been prepared under the historical cost. Revaluations are performed by independent qualified valuers every year. Notes to the accounts continued 2 turnover, revenue and segment information continued 3 operating profit operating profit is stated after crediting and charging the following. These aggregates are not only used for analysing the past and the present but also help in projecting and planning the future.
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