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Sastra University B. 14 When an economy ceases to be hyperinflationary and an entity discontinues the preparation and presentation of financial statements prepared in accordance with this section, it shall treat the amounts expressed in the presentation currency at the end of the previous reporting period as the basis for. This is the Cookie Policy for SASTRA CENTER, accessible from What Are Cookies. SASTRA DEEMED UNIVERSITY Tirumalaisamudram Thanjavur - 613401 Tamilnadu, India +91 4362 264101 - 108 +91 4362 350001 (20 lines) +91 4362 264120. 1. Income tax also includes taxes, such as withholding taxes, that are payable by a subsidiary, associate or joint venture on distributions to the reporting entity. 94 likes. An income statement is a record of all the money and expenses that a business makes and spends over a certain amount of time. Managers should know the basics about finance or money. m. 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Tech/M. 20000 and avail loan/financial assistance for the balance fee. This is the Cookie Policy for SASTRA CENTER, accessible from What Are Cookies. Profit, as indicated on the income statement, is different from net cash, as indicated on the cash flow statement. Every time a business delivers a good or service, a sale is recorded. 6 If the share-based payments do not vest until the employee completes a specified period of service, the entity shall presume that the services to be rendered by the counterparty as consideration for those share-based payments will be received in the future, during the vesting period. Here's an example:Translation to the presentation currency. If you are enrolled at a Florida college or university, consult your academic advisor about appropriate coursework. Create a timeframe for the anticipated costs and revenues. A liability is a debt owed to a supplier or another creditor. First of all, it promotes cognitive diversity, i. At SASTRACENTER. 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