iii) … Step 2 Classify the above two accounts under Personal, Real or Nominal. Expenses Expenses A critically important point similar to that for revenues holds true for expenses. What we will Learn…• What is a current?• How to draw electric circuit diagrams• What is potential difference, voltage and E.M.F?• What is resistance?• S/E: Circuits arranged in series versus parallel• S/E: Fixed resistors versus variable resistors• Effects of electric current TOP 20 ACCOUNTING SOFTWARE COMPANIES - BY 360QUADRANTS - Accounting software ranges from simple and easy, single-entry programs for individual record-keeping to more urbane, double-entry systems that can process accounts receivable, accounts payable, payroll and inventory, among other functions. 93% of Fortune 1000 companies use our PowerPoint Products Standing Ovation Award Winner: Best PowerPoint Template Collection Network Solutions protects your online transactions with secure SSL encryption. 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The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.Upon being publicized in October 2001, the company declared bankruptcy and its accounting firm, Arthur Andersen – then one of the five largest audit and accountancy partnerships in the world – was effectively dissolved. This statement is directed principally to companies although some of its requirements also … Therefore, it is statutory obligation that all companies are expected to follow the relevant section for the Act that governs the maintain­ing of accounts. 24. Every electricity company is required to maintain a contingencies reserve. on accounting and reporting concerns specific to renewable energy. Electricity (ppt) 1. This document is highly rated by B Com students and has been viewed 3234 times. company reporting in an increasing number of countries around the world. 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Relationships • Significant contracts and assets at the Project Company level. Reserve is created by transferring from the Revenue Account every year an amount equivalent to not less than 1/4 per cent and not more than 1/2 per cent of the original cost of the fixed assets until it equals 5 per cent of the original cost of the fixed assets. Chapter Summary(continued) PPT. 767. Some examples of the premiums on transactions include the following: • Completed: o January 2017 (announced February 2016) — Liberty Utilities and The Empire District Electric Company (21 percent premium). Section 209 and 210 of the companies act specifies regarding preparation of final accounts. The Return of the King: Book Three in the Lord of the Rings Trilogy, Year of Yes: How to Dance It Out, Stand In the Sun and Be Your Own Person, Shoe Dog: A Memoir by the Creator of Nike, The 5 Love Languages: The Secret to Love that Lasts. Accounting Basics Rania A. 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In the present scenario, the focus would be from Grid substations where sub-transmission systems (66/33/11 kV) take off generally as a radial system to supply power to consumers at different voltage levels. Chapter 6 Accounting for company income tax Prepared by Jenny James Learning objectives 1. Revenues are earned when a company does what it is supposed to do according to a contract. Explain the benefit • Generation Dispatch and Control • Energy Scheduling and Accounting ii) To reduce / remove government subsidies & to make electricity companies self sustainable. The Positive Shift: Mastering Mindset to Improve Happiness, Health, and Longevity. Step 3 Find out the rules of debit and credit for the above two accounts. 200,000+ satisfied customers worldwide! Great for finance, accounting, insurance-related presentations. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. The acquisitions of public companies completed and announced in 2017 and the first quarter of 2018 had a wide range of premiums. 0% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful, Save Energy Accounting & Auditing For Later. Certain sections of this publication are designed to help you understand and address potential challenges in accounting and reporting related to topics on which the FASB has recently issued (1) … Big Nate: What's a Little Noogie Between Friends? Enron's Energy Origins . This business finance PPT is perfect for companies and individuals working in the investments industry, financial, accounting, and banking. In December 2001, the company came crashing down and filed for bankruptcy, which revealed that the energy and service providing giant was falsifying its account books to the tune of around USD 74 billion. • Solar Developer(s) • EPC Contractor • Investors • Lenders Step 4 Identify which account is to be debited and which account … | PowerPoint PPT presentation | free to view Big Nate: What's a Little Noogie Between Friends? A Revenue Account is prepared which is like the ordinary’ Profit and Loss Account. Download Accounting PowerPoint templates (ppt) and Google Slides themes to create awesome presentations. Computer Applications (Tally Accounting Package) ITU07305 , IRU07303, SPU07307 Logistics • Step 1 Determine the two accounts which are involved in the transaction. Over 100 countries either use or are adopting IFRS reporting. ... insurance, electricity, utilities, and the like. 12 Accounting Concepts 11.. View ITU07305 Lecture 2 Tally features .ppt from ITU 0730 at The Institute of Finance Management. In case of electricity companies, however, the total of the expenditure as per Capital Account is shown on the assets side and the total of receipts is shown on the liabilities side. Accounting and Auditing in electricity sector involves evolving procedures and checks to account for energy from generating stations down to consumer level. Project Company Host Agency . In this publication we answer the questions we are asked most often by companies applying IFRS 9, and illustrate how to achieve hedge accounting for a … Scribd is the world's largest social reading and publishing site. Data Statistic PowerPoint Presentation Template AS-14 : Accounting for Amalgamations (Come into effect from 1-4-1995): This Statement deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves. 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