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Eminent Academicians join Camu s Product Advisory Board

Eminent Academicians join Camu s Product Advisory Board ANI | Updated: Mar 04, 2021 13:34 IST Chennai (Tamil Nadu) [India], March 4 (ANI/PRNewswire): Camu, a leading EdTech solution with an integrated Student Information System and Learning Management Solution from Octoze Technologies, announced today, the induction of two eminent academicians onto its Product Advisory Board. The main purpose of the Advisory Board is to provide market insight and intelligence to support the business planning and alignment of Camu to its strategic goals, and to enhance the engagement with Educational Institutions. He is also the Founder, Chairman, and Dean Emeritus of Great Lakes Institute of Management, Chennai, and has been an instrumental figure in India s Management Education landscape. His path-breaking work in the fields of accounting, forecasting, and strategic decision support systems, has earned him numerous scholastic awards. The Government of India

Property firms given more time to comply with accounting rules

Published December 22, 2020, 5:30 AM The Securities and Exchange Commission (SEC) is giving real estate companies more time to assess implementation issues amid the COVID-19 pandemic by further deferring the application of certain accounting rules until 2023. The Commission said it decided to defer the application of Philippine Interpretation Committee Question and Answer (PIC Q&A) No. 2018-12 with respect to the accounting for significant financing component and the exclusion of land in the calculation of the percentage of completion. The real estate industry will likewise have three more years to comply with the International Financial Reporting Standards (IFRS) Interpretations Committee’s Agenda Decision on over time transfers of constructed goods under Philippine Accounting Standards (PAS) 23-Borrowing Cost. 

Developers granted 3-year extension to comply with accounting norm on borrowing costs

December 17, 2020 | 7:48 pm Font Size AAA THE Securities and Exchange Commission (SEC) has granted property firms more time to implement an accounting standard governing the treatment of borrowing costs, citing the need to provide relief to the industry during the financial crisis. In a memorandum circular on its website, the SEC said the extension applies to accounting treatments raised by the Philippine Interpretation Committee and the International Financial Reporting Standards Interpretations Committee concerning Over Time Transfer of Constructed Goods. The accounting treatment of Over Time Transfer of Constructed Goods is governed by International Accounting Standard (IAS) 23 – Borrowing Costs. IAS 23 lays down how to account for borrowing costs directly incurred in building “qualifying assets” those that take a substantial amount of time to build.

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