NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
MCQ-COST AND COSTING/ELEMENTS OF COST – FIXED EXPENSES/ VARIABLE EXPENSES/ BREAK-EVEN POINT What is the primary purpose of costing in an organization? A) To determine the selling price of products B) To reduce costs C) To maximize profits D) All of the above Answer: D) All of the above Which of the following is not […]
DETAILED GUIDE TO FAIR VALUE MEASUREMENT UNDER IND AS 113 Detailed Guide to Fair Value Measurement Under Ind AS 113 Introduction to Ind AS 113 Ind AS 113, Fair Value Measurement, is a standard that provides a framework for measuring fair value and requires disclosures about fair value measurements. It defines fair value, sets out
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BUSINESS COMBINATIONS ACCOUNTING UNDER IND AS 103 Business Combinations Accounting under Ind AS 103 in India Business combinations are a significant area in accounting, and Ind AS 103 provides comprehensive guidelines for recognizing and measuring such transactions. Here’s an overview of the key aspects of business combinations accounting under Ind AS 103 in India: 1.
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ACCOUNTING FOR FINANCIAL INSTRUMENTS UNDER IND AS 109 Accounting for Financial Instruments Under Ind AS 109 Ind AS 109, “Financial Instruments,” is a standard set by the Ministry of Corporate Affairs in India, which aligns with the International Financial Reporting Standard (IFRS) 9. This standard aims to provide comprehensive guidelines for the classification, measurement, and
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IMPAIRMENT OF ASSETS UNDER IND AS 36 Impairment of Assets Under Ind AS 36 in India Introduction Ind AS 36, Impairment of Assets, sets out the procedures that an entity should apply to ensure that its assets are carried at no more than their recoverable amount. This standard is critical for maintaining the integrity of
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DISCLOSURE REQUIREMENTS FOR FAIR VALUE IN FINANCIAL STATEMENTS Disclosure Requirements for Fair Value in Financial Statements in India Fair value measurement and disclosure play a critical role in ensuring transparency and accuracy in financial reporting. The regulatory framework in India, influenced by global standards, mandates specific disclosure requirements for fair value in financial statements. This
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TECHNIQUES FOR FAIR VALUE MEASUREMENT IN FINANCIAL REPORTING Techniques for Fair Value Measurement in Financial Reporting (In India) Fair value measurement is a crucial aspect of financial reporting, providing a consistent and transparent method for valuing assets and liabilities. In India, the adoption of fair value measurement aligns with global standards, enhancing the reliability and
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MCQ-FACTORY EQUIPMENT: MATERIAL HANDLING AND FIRE PROTECTION Which of the following is the most common material handling equipment used in factories? a) Conveyor belts b) Elevators c) Forklifts d) Cranes Answer: c) Forklifts What is the primary purpose of material handling in a factory? a) To increase production speed b) To minimize material waste c)
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VALUATION METHODS IN EMINENT DOMAIN AND CONDEMNATION CASES Valuation Methods in Eminent Domain and Condemnation Cases in India Eminent domain and condemnation cases involve the government’s authority to seize private property for public use, provided that fair compensation is given to the property owners. In India, the process is governed by various legal frameworks, most
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ENVIRONMENTAL AND REGULATORY IMPACT ON PLANT VALUATION Environmental and Regulatory Impact on Plant Valuation in India Valuing a plant in India is a complex task influenced by various factors, including environmental regulations and regulatory compliance. These factors play a critical role in determining the fair market value of industrial plants and machinery. This article explores
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VALUATION DISPUTES IN BANKRUPTCY AND LIQUIDATION PROCEEDINGS Valuation Disputes in Bankruptcy and Liquidation Proceedings in India Valuation disputes in bankruptcy and liquidation proceedings are a critical issue in India, significantly impacting the outcomes for creditors, debtors, and other stakeholders. Understanding the causes, implications, and resolution mechanisms of these disputes is essential for navigating the complex
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JUDICIAL INTERPRETATION OF VALUATION REPORTS IN LITIGATION Judicial Interpretation of Valuation Reports in Litigation in India Valuation reports play a pivotal role in litigation, particularly in disputes involving property, assets, and corporate transactions. In India, the judicial interpretation of these reports is essential for ensuring fair and just outcomes. This article delves into the key
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