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Showing posts with label TECHNIQUES. Show all posts
Showing posts with label TECHNIQUES. Show all posts

Monday, 11 August 2014

How to remember accounting standards using right brain technique?

AS-11 to AS-20

Mukesh brought loan from world bank(CEO: CIBIN) $50000000 as and when he borrowed foregin exchange rates(AS-11) came down. after 5 years business incurred losses at same time world bank pressure to repay the loan so he have no option he approached our H'nble PM ARVIND for Grants (AS-12). Even then his debt not cleared so he started a new company for public Investments(AS-13) but public know his cunning nature he didnt got any investments.Then he approached his brother Anil to Amalgamate(AS-14) with his companies. Employees stopped working because they came to know that their bonus will not come if amalgamation happens so Anil has to provided some benefits to employees(AS-15) for that he borrowed(AS-16) money from his friends because lack of liquid funds. After all this issue Anil approached CSS for Segment Reporting(AS-17) by analyzing the segment reporting they came to know that Related Parties(AS-18) playing key roles for incurring the losses so Anil stopped giving leases(AS-19) to related parties. Gradually business got profits and Earings Per Share(AS-20) increased