8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 1/76
3
Actjgach ca` Ytcto Jajtjctjvos Clloitjae
]rjijae & Tctos Ytrctoejos
Ohcjao Ngbas & Dcrry Djrfott
Oaor\jsjga, Jai.
Cprjh 42, 4=33
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 2/76
4
Gdnoitjvos
Pg prgvj`o c stctus gl actjgach, roejgach ca`
stcto oaorey jajtjctjvos
Pg prgvj`o ca guthggf ga luohs
Pg `jsiuss jkpcits ga rctos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 3/76
9
Ubg Cro Uo7
Uo cro Oaor\jsjga, c kcaceokoat ca`
toibajich igasuhtjae ljrk spoijchjzjae ja tbo
ohoitrji utjhjty ja`ustry
Ohcjao Ngbas, ]rosj`oat / IOG ’ Gvorsoo ]gwor
Yupphy Dusjaoss Hjao
Dcrry Djrfott, \jio ]rosj`oat ’ Gvorsoo ]rjijae &
Tctos Dusjaoss Hjao
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 4/76
0
Actjgach \jow
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 5/76
?
Ytcto gl tbo _ajga C``ross (Ncaucry 4?, 4=33) ’ ‘javost ja djgko`jich rosocrib, jalgrkctjga
toibaghgey, ca` ospoijchhy ihoca oaorey
toibaghgey‛
’ ‘tbo prgkjso gl roaowcdho oaorey‛
’ ‘Tojavoat gur oaorey pghjiy‛
’ ‘c kjhhjga ohoitrji vobjihos ga tbo rgc` dy 4=3?‛
’ ‘Dy 4=9?, 2= porioat gl Ckorjic‚s ohoitrjijty wjhh igko
lrgk ihoca oaorey sgurios‛
’ ‘Pg koot tbjs egch, wo wjhh aoo` tbok chh‛ (rolorrjae tg
wja`, sghcr, auihocr, ihoca igch, ca` acturch ecs)
’ ‘Ibcaejae tbo wcy wo uso oaorey‛
Pbo ]rosj`oat‚s \jow
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 6/76
<
www.wbjtobguso.egv
‘tbo trcasjtjga tg ihoca oaorey bcs tbo
pgtoatjch tg ergw gur oigagky ca` irocto
kjhhjgas gl ngds‛
]rosj`oat Gdckc (Nuao 3?, 4=3=)
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 7/76
5
Ihoca Oaorey Oigagky
Ytjkuhus (CTTC)> $2= djhhjga lgr roaowcdhos,kcaulciturjae gl ihoca oaorey toibaghgey,
vobjiho & luohs toibaghgejos, skcrt erj`
Cpphjcaio Olljijoaiy Ytca`cr`s> oaorey
olljijoaiy stca`cr`s lgr igkkorijch ca`
rosj`oatjch cpphjcaios
Hoc`orsbjp ja Yustcjacdjhjty> ro`uio erooabguso ecsos dy 42%
dy 4=4= (Oxoiutjvo Gr`or ga Lo`orch Yustcjacdjhjty)
Olljijoaiy Ytca`cr`s lgr Icrs & Pruifs> ngjat luoh oigagky /
erooabguso ecs okjssjgas stca`cr`s
Kcfjae Bgkos Kgro Oaorey Olljijoat> ‘roigvory tbrgueb
rotrgljt‛
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 8/76
2
Ihjkcto Ibcaeo
Jatoractjgach Hoc`orsbjp> Ibjac, Ja`jc, Koxjig,Icac`c, Igpoabceoa Yukkjt
Kgajtgrjae Okjssjgas> Ictchge EBE okjssjgas
Ihjkcto Ibcaeo Yijoaio ca` O`uictjga Ihjkcto Ibcaeo C`cptctjga> Jatorceoaiy Ihjkcto
Ibcaeo C`cptctjga Pcsf Lgrio
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 9/76
:
Gur Oavjrgakoat
]rgtoitjgas lgr giocas, hca`, oigsystoks,Ichjlgrajc‚s Dcy @ohtc, Iboscpocfo Dcy, Eroct
Hcfos
To`uio oavjrgakoatch jkpcits ga kguatcja tgp
igch kjajae> FZ, GB, ]C, PA, \C, U\
AO]C> ‘tg kg`orajzo ca`
rojavjegrcto‛ (jairocso pudhji
javghvokoat, trcaspcroaiy &ocso jkphokoatctjga)
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 10/76
3=
Pbo Ihoca Oaorey Ytca`cr` (IOY)
]rgpgso` dy Gdckc ja Ytcto gl tbo _ajgaC``ross
2=% gl actjga‚s ohoitrjijty tg igko lrgk
ihoca oaorey toibaghgejos dy 4=9? Yoacto Oaorey & Acturch
Tosgurios (OAT)
Igkkjttoo tg `oljaoeoaorch pghjiy egchs
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 11/76
33
IOY Ubjto ]cpor (Kcrib 43, 4=33)
Dy Yoa. Djaeckca (@-AK) ca` Yoa. Kurfgwsfj(T-CF)
]urpgso>
3. Pg hcy gut foy quostjgasca` pgtoatjch `osjea
ohokoats
4. Pg sghjijt japut lrgk jatorosto` pcrtjos
9. Pg lcijhjtcto `jsiussjga
Tospgasos dy Cprjh 33
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 12/76
34
IOY Ubjto ]cpor (igat‚`)
Djaeckca> IOY vs. Actjgach T]Y
Kcrfgwsfj> ‘Ubct js jt7‛
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 13/76
39
IOY Foy Ohokoats
Pbrosbgh` lgr jaihusjga7
Tosgurios quchjly cs ‘ihoca oaorey‛7
Iro`jtjae systok ca` tjkotcdhos7
Olloits ga `ophgykoat gl spoijlji toibaghgejos7
Igsts ca` igasukor prgtoitjgas7
IOY jatorcitjga wjtb gtbor pghjijos7
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 14/76
30
@g`` / Lrcaf ’ Gao tg Uctib
Ujhh jkpgso aow roqujrokoats, suib cs iro`jt ca` ropgrtjae,ga pgwor supphjors
]gtoatjch tg jkpgso ropgrtjae ca`
iro`jt pgstjae roqujrokoats ga
`jstrjdutjga iggps
Jssuos dojae igasj`oro` jaihu`o
’ Ohjkjactjga gl cdjhjty tg uso hottors gl iro`jt tg pgst
ighhctorch
’ Jaihusjga gl roqujrokoats trcascitjgas cs swcps ua`or hcw ’ Dje jssuos ua`or igasj`orctjga dy ILPI, wjtb ruhos tg do
igasj`oro` gvor tbo aoxt yocr
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 15/76
3?
Gdckc Oaorey Jssuos (Kcrib 9=, 4=33)
_htjkcto egch gl ro`uijae `opoa`oaio ga lgrojea gjh
’ 4==2> _Y jkpgrto` 33 kjhhjga dcrrohs gl gjh c `cy
’ 4=4?> Iut dy 3/9
@gkostji gjh & ecs ’ Ycloty
’ _a`or`ovohgpo` rosgurios
’ Oxpo`jto` `ovohgpkoat ca` prg`uitjga
@jvorso ca` rohjcdho sgurios gl oaorey
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 16/76
3<
Gdckc Oaorey Jssuos (igat‚`)
Chtoractjvos tg gjh, jaihu`jae djgluohs ca` acturch ecs
’ Aoxt 4 yocrs, ct hocst 0 iohhuhgsji gr c`vcaio` djg-
roljaorjos
’ @ovohgp acturch ecs sclohy ca` rospgasjdhy
Kgro olljijoat icrs ca` truifs
’ Aow luoh oigagky stca`cr`s
4=34-3< kg`ohs ’ 9?.? kpe
’ C`vcaio` vobjihos3 kjhhjga ohoitrji vobjihos dy 4=3?
Lo`orch lhoot chh chtoractjvohy luoho` dy 4=3?
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 17/76
35
Ihoca Oaorey Luturo
Irocto kcrfot lgr ihoca oaorey jaagvctjga
Kgro olljijoat bgkos ca` dujh`jaes
Ihoca oaorey T&@
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 18/76
32
Toejgach Jajtjctjvos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 19/76
3:
Chcdckc
P\C roaowcdhosP\C ’ Eoaorctjga ]crtaors ]rgerck
Yghcr, hca`ljhh ecs, wja`, djgkcss,skchh by`rg
Tosj`oatjch, igkkorijch, agaprgljt,egvorakoat
$3,=== + $=.34/fUb cdgvo tbo rotcjh rcto lgr
sghcr ca` $=.=9/fUb cdgvo tbo rotcjh rcto lgrgtbors
Ohjejdho sjzo> =.?fU tg 4==fU
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 20/76
4=
Chcdckc
P\C roaowcdhosP\C ’ Kj`-sjzo` Toaowcdho Ytca`cr` Gllor ]rgerck
Yghcr, hca`ljhh ecs, wja`, djgkcss, cacorgdji`jeostjga, djg`josoh, gtbor zorg okjssjgas
Igkkorijch, ja`ustrjch, sibgghs, egvorakoat,cerjiuhturch, rotcjh supphjor
Dcso prjio> $=.=?<3/fUb
Kcx> cs bjeb cs $=.3?:</fUb Nuhy-Cueust,Kga`cy-Lrj`cy, 34pk-2pk Ioatrch tjko
Ohjejdho sjzo> 4==fU tg 4=KU
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 21/76
43
Chcdckc
Ytcto DjgkcssUgg`-Durajae Boctjae Yystok @o`uitjga
Djgkcss
Tosj`oatjch
3==% tcx `o`uitjga lgr
puribcso ca` jastchhctjga
gl wgg`-durajaeboctjae systok.
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 22/76
44
Chcdckc
Ytjkuhus Lua`sChcdckcYC\OY Tovghvjae Hgca ]rgerck
Oaorey olljijoaiy toibaghgejos (cpphjcaios ca` jkprgvokoats)
Toaowcdho ca` gtbor toibaghgejos (sghcr, hca`ljhh ecs, djgkcss,by`rg, eogtborkch, igeoa, otbcagh, djg`josoh, luoh iohhs
Igkkorijch ca` ja`ustrjch
Kjajkuk hgca> $4?=,===
Kcx jaioatjvo> hossor gl :=% igst gr 3==%igsts rokcjajae cltor gtbor tcx iro`jts/ecjas(up tg $0K)
Jatorost rcto 4%, 3= yocr hoaetb kcx, ihgsjaeigsts (4-9% gl hgca loo, cpphjictjga loo ($3,===))
CTTC lua`s
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 23/76
49
Chcdckc
Gtbors P\C oaoreyrjebt prgercks (boct pukps, aow
bgkos, wctor boctor)
P\C Ykchh Dusjaoss Lcst Icsb Olljijoaiy
Jaioatjvos P\C I&J C`vjio & Jaioatjvo prgerck
P\C Ja-Bgko Oaorey Ovchuctjga pjhgt
Hgich egvorakoat oaorey hgca prgerck C]I ’ rosj`oatjch boct pukp ca` woctborjzctjga
Ig-gp hgca/rodcto prgercks
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 24/76
40
Poaaossoo
Ja`ustry ToirujtkoatErooa Oaorey Pcx Iro`jt
Igkpgaoat kcaulciturjae
Ja`ustrjch Dcso` ga bgw kuib hoss tbo kcaulcituror
pcys lgr ohoitrjijty tbca tbo kcx iortjljo`
rcto Kcx jaioatjvo> $3.?K/yocr lgr $4?=K ja
icpjtch javostkoat
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 25/76
4?
Poaaossoo
Ja`ustry ToirujtkoatIcrdga Pcx Iro`jt
PBJY JY PBO GAHZ ICTDGA
PCR ITO@JP JA PBO _.Y. ]rgvj`os ‘iortjljo` erooa oaorey supphy
ibcja kcaulciturors‛ wjtb ljacaijch
prgtoitjga cecjast cay pgtoatjch prjio tbctkcy do phcio` ga icrdga okjssjgas dy
luturo hoejshctjga.
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 26/76
4<
Poaaossoo
Ja`ustry ToirujtkoatYchos ca` _so Pcx Iro`jt lgr Okorejae IhocaOaorey Ja`ustry
Kgst chh roaowcdho luohs (sghcr,
hca`ljhh ecs, wja`, djgkcss, by`rg,by`rgeoa, oti.)
Igkkorijch & Ja`ustrjch
Pcx rcto ro`uio` tg =.?%
Kust kcfo $3==K javostkoat ca` irocto ?= luhh-tjko ngds ct 3?=% rcto gl PA‚s cvorceogiiupctjgach wceo
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 27/76
45
Poaaossoo
P\C Toaowcdhos Eoaorctjga ]crtaors ]rgerck
Kj`-Yjzo` Toaowcdho Ytca`cr` Gllor
]rgerck
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 28/76
42
Poaaossoo
Ytcto ToaowcdhosUja` Oaorey Yystoks Oxokptjga
Igkkorijch, ja`ustrjch, utjhjty
<<.<% prgporty tcx oxokptjga
Dcso` ga ro`uio` icpcijty
gl 4/9 `uo tg jatorkjttoat
prg`uitjga
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 29/76
4:
Poaaossoo
Gtbors OO Yibgghs Jajtjctjvo Ercats ca` Hgcas
Igkkorijch OO Hgca ]rgerck
P\C oaoreyrjebt Boct ]ukp ]rgercks
Hgich egvorakoat oaorey hgca
prgerck
Ig-gps ca` kuajs
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 30/76
9=
Ygutb Icrghjac
ToaowcdhosDjgkcss Oaorey Pcx Iro`jt
Hca`ljhh ecs, djgkcss, igeoa,
cacorgdji `jeostjga
Ja`ustrjch
4?% gl ohjejdho igsts
Kcx jaioatjvo> $<?=,=== por yocr, 8 ?=%
tcx hjcdjhjty
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 31/76
93
Ygutb Icrghjac
ToaowcdhosDjgkcss Oaorey ]rg`uitjga Jaioatjvo
Hca`ljhh ecs, djgkcss, igeoa, cacorgdji
`jeostjga
Igkkorijch, ja`ustrjch, cerjiuhturch
$=.=3/fUb, $=.9= por tbork
Kcx jaioatjvo> $3==,=== por ljsich yocr por
tcxpcyor ($4.3K por chh tcxpcyors)
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 32/76
94
Ygutb Icrghjac
ToaowcdhosYghcr Oaorey ca` Ykchh By`rg Igrpgrcto Pcx
Iro`jt
4?% gl ohjejdho igsts (4=3=)
Kcx jaioatjvo> hossor gl
$9,?== gr ?=% tcxpcyor‚s
tcx hjcdjhjty lgr cay ejvoatcx yocr
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 33/76
99
Ygutb Icrghjac
Toaowcdhos]chkottg Ihoca Oaorey (]cIO) ]rgerck
Yghcr, hca`ljhh ecs, wja`, djgkcss, eogtborkch,KYU, cacorgdji `jeostjga, skchh by`rg,
djg`josoh Tosj`oatjch, igkkorijch, ja`ustrjch, sibgghs,
egvorakoat, cerjiuhturch
Ighhcdgrctjvo ollgrt> @ufo, ]rgeross, YIOE,
YI ]YI Gao dhgif gl erooa pgwor igsts $0 ca`
suppgrts 3== fUb gl roaowcdho eoaorctjga
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 34/76
90
Ygutb Icrghjac
Gtbors @ufo Oaorey ’ Ytca`cr` ]uribcso Gllor lgr
TOIs
]rgeross ’ YuaYoaso ]rgercks (igkkorijch]\, sghcr wctor boctjae)
OO Kcaulcituro` Bgkos (tcx iro`jt ca` tcxicp)
Yghcr ca` skchh by`rg porsgach tcx iro`jt
Luoh iohhs schos tcx oxokptjga
Ig-gps ca` kuajs rodctos & hgca prgercks
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 35/76
9?
Lhgrj`c
Ja`ustry ToirujtkoatIcpjtch Javostkoat Pcx Iro`jt lgr Ihoca Oaorey
Ja`ustrjch
?% gl ohjejdho icpjtch igsts Kust do aow gr oxpca`jae lcijhjty
ja ‘bjeb-jkpcit soitgr‛ (j.o., ihoca
oaorey, djgko` toib, ljacaijchsorvjios, JP, sjhjiga toib)
Kcx jaioatjvo> 4= yocr kcx
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 36/76
9<
Lhgrj`c
OO Tosgurio Ytca`cr`Oaorey Olljijoaiy Egchs
Ag spoijlji toibaghgey j`oatjljo`
_tjhjtjos, JG_, Ig-gps ’ chh 1 4,=== EUbschos
4=3=-4=3: L]YI To`uitjga Egchs
’ 3,:95 KU wjator pocf `okca` ’ 9,=40 KU sukkor pocf `okca`
’ 5,204 EUb caauch schos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 37/76
95
Lhgrj`c
YghcrYghcr Oaorey Yystoks Oqujpkoat Ychos Pcx
Oxokptjga
Yghcr wctor boct, sghcr spcio boct,
pbgtgvghtcjis, sghcr pggh
boctjae
Tosj`oatjch, igkkorijch
3==%, ag kcx
]orkcaoat oxokptjga sjaio 4==?
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 38/76
92
Lhgrj`c
NOC T]YNOC ’ Ihoca ]gwor ]rgerck
5.?% ohoitrji icpcijty lrgk erooa oaorey
sgurios dy 4=3?
Ohjejdho rosgurios> sghcr, djgkcss, djgecs,
wja` ca` sgko OO
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 39/76
9:
Lhgrj`c
Jatorigaaoitjga Ytca`cr`s Yghcr, hca`ljhh ecs, wja`, djgkcss, by`rg,
eogtborkch, igeoa, by`rgeoa, cacorgdji
`jeostjga, skchh by`rg, gioca/tj`ch/wcvo Chh soitgrs
JG_s gahy
’ Ig-gps ca` kuajs kust ljho ropgrt wjtb ]YI
4 KU icpcijty hjkjt (9 tjors> 3=fU,3==fU, 4KU)
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 40/76
0=
Lhgrj`c
Aot Kotorjae Yghcr, hca`ljhh ecs, wja`, djgkcss, by`rg,
eogtborkch, igeoa, by`rgeoa, cacorgdji `jeostjga,skchh by`rg, gioca/tj`ch/wcvo
Chh soitgrs Chh utjhjtjos (jaihu`jae iggps)
4 KU icpcijty hjkjt
Aot oxioss eoaorctjga icrrjo` lgrwcr`
lgr up tg 34 kgatbs. Cltor 34 kgatbs,cay rokcjajae pcj` ct cvgj`o` igst.
TOIs gwao` dy iustgkor
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 41/76
03
Tosj`oatjch OO Cpphjcaio Todcto ]rgerck
Yghcr Oaorey Yystok Jaioatjvos ]rgerck
Dgtb prgercks cro ihgso` cs tboro js ag kgro
lua`jae cvcjhcdho
Lhgrj`c
Ytjkuhus Lua`s
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 42/76
04
JG_s, kuajs, ig-gps>
Yghcr
Oaorey olljijoaiy
Igasorvctjga
Lhgrj`c
Gtbors
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 43/76
09
Toioat Eogrejc Jajtjctjvos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 44/76
00
Yghcr Djhh gl Tjebts
EYOC (Eogrejc Yghcr Oaorey Cssgijctjga)
jatrg`uio` tg Eoaorch Cssokdhy ja 4=33 ja
cttokpt tg eot c djhh jatrg`uio`. Agtbjae bcs
bcppoao` yot.
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 45/76
0?
3. Eogrejca‚s bcvo tbo rjebt tg put sghcr ga tbojr bgkos gr dusjaossos
4. Eogrejca‚s bcvo tbo rjebt tg igaaoit tbojr sghcr oaoreysystok tg tbo erj` wjtb uajlgrk actjgach stca`cr`s
9. Eogrejca‚s bcvo tbo rjebt tg Aot Kotor ca` doigkpoascto` ct tbo vory hocst wjtb luhh rotcjh ohoitrjijtyrctos
0. Pbo sghcr ja`ustry bcs tbo rjebt tg c lcjr igkpotjtjvooavjrgakoat
?. Pbo sghcr ja`ustry ja Eogrejc bcs tbo rjebt tg sohh jts pgwor cirgss c 43st ioatury trcaskjssjga erj`
<.
Eogrejca‚s bcvo tbo rjebt tg duy sghcr ohoitrjijty lrgktbojr utjhjty
5. Eogrejca‚s bcvo tbo rjebt tg ’ ca` sbguh` oxpoit ’ tbobjebost otbjich troctkoat lrgk tbo sghcr ja`ustry
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 46/76
0<
]CIO
]rgporty Cssosso` Ihoca Oaorey]CIO, c djpcrtjsca, hgich egvorakoat
jajtjctjvo tbct chhgws prgporty gwaors tg
ljacaio oaorey olljijoaiy ca` roaowcdhooaorey prgnoits lgr bgkos ca` igkkorijch
dujh`jaes, ‘sjkphy ca` wjtb ag egvorakoat
sudsj`jos‛
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 47/76
05
Bgw @gos ]CIO Ugrf7
]CIO usos tbo scko fja` gl hca`-
soiuro` ljacaijae `jstrjits tbct
kuajijpchjtjos bcvo rohjo` ga lgrgvor 3== yocrs tg pcy lgr
jkprgvokoats suib cs stroot
pcvjae, pcrfs, gpoa spcio, wctor
ca` sowor systoks, stroot hjebtjae,
oti.
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 48/76
02
]CIO hoejshctjga pcsso` ja Eogrejc ja 4=3= ca` Egvoragr
]ur`uo sjeao`. Agtbjae bcs bcppoao` ca` agtbjae bcs dooa
`gao tg jkphokoat sjaio.
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 49/76
0:
]orlgrkcaio Igatrcitjae
Igastjtutjgach Ckoa`koat #0 pcsso` ja
Agvokdor 4=3=
Cutbgrjzo` porlgrkcaio igatrcitjae ct stcto
lcijhjtjos ja Eogrejc
EOLC js stjhh ja prgioss lgr
jkphokoatjae
Jajtjch prgiossos wjhh do
pudhjsbo` ct tbo oa` gl Kcy
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 50/76
?=
Eogrejc ]gwor Toioat Citjvjtjos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 51/76
?3
]gwor Eoaorctjga
]hcat Drcaib> rotjrokoat caaguaiokoat doicuso gloxtoasjvo igsts tg igkphy wjtb O]C ruhos
]hcat Kjtibohh igavorsjga lrgk igch tg djgkcss ga
bgh` doicuso gl O]C `rclt gl dgjhor KCIP ruhos ]hcat \getho> $2.9 djhhjga hgca
eucrcatoo lrgk lo`orch egvorakoatlgr $30 djhhjga oxpcasjga
? ciro sghcr lcrk> E]I ljacaio`ca` gwas, @chtga _tjhjtjos wjhh
puribcso ca` `jstrjduto tbo sghcr pgwor
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 52/76
?4
Aow E]I Jaioatjvos
E]I Oaorey Ytcr Aow Bgko Dujh`or Todcto
]rgerck
Igkproboasjvo Kocsuros/Ubgho Dujh`jae Tosj`oatjch, Jastchhor/Igatrcitgr
$9==
Chh boctjae systoks ca`wctor boctjae kust do ohoitrji
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 53/76
?9
Aow E]I Jaioatjvos (igat‚`)
E]I Oaorey Olljijoaiy Bgko Jkprgvokoat Todctos (4=33gahy)
Oqujpkoat Jasuhctjga, Uctor Boctors, Boct pukps, Ioatrch Cjriga`jtjgaors, ]rgerckkcdho Pborkgstcts, @uit/Cjr sochjae, Dujh`jaeJasuhctjga, Igkproboasjvo Kocsuros/Ubgho Dujh`jae, D]J Cssosskoat
Ca` sghcr wctor boct Tosj`oatjch
Ubgho Bguso & Dh`e Oavohgpo Jkprgvokoats>?=%Kcx jaioatjvo> ?=% gl igst Ubgho BgusoJkprgvokoats> $44==6 Ja`jvj`uch Jkprgvokoats>
$5== Kust uso igatrcitgrs pcrtjijpctjae ja Eogrejc ]gwor's
"Bgko ]orlgrkcaio wjtb OAOTEZ YPCT" ]rgerck
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 54/76
?0
E]I Yghcr DuyDcif ]rgerck
]bgtgvghtcjis
Igkkorijch, Ja`ustrjch, Tosj`oatjch
$=.35/fUb gr $=.3? gr hoss ga dj` prgnoits Kcxjkuk dcso` ga c kcxjkuk systok
sjzo gl 3= fU lgr rosj`oatjch systoksca` 3== fU lgr igkkorijch systoks
Igatrcit js lgr ? yocrs
TOIs trcaslor tg Eogrejc ]gworchgae wjtb ohoitrjijty
Aow E]I Jaioatjvos (igat‚`)
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 55/76
??
Luohs Guthggf
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 56/76
?<
Luohs Guthggf
Acturch Ecs
Igch
Auihocr
Toaowcdhos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 57/76
?5
_Y Eoaorctjga Luoh Kjx
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 58/76
?2
Acturch Ecs
Yupphy ’ _Y gaio tbguebt tg bcvo c 9= yocr supphy
’ Luturo rohjcaio ga jkpgrts wcs foy
’ Oigagkji prg`uitjga gl ecs ja sbcholgrkctjgas rcjso` supphy tg 3==+ yocrs
Oavjrgakoatch ’ 0=% gl tbo icrdga okjssjgas
por fUb gl igch (lgr igkdjao`iyiho eoaorctjga)
’ Kuib ihocaor tbca igch lrgk tbo
stca`pgjat gl gtbor okjssjgas ’ Aow jssuos ga okjssjgas ca` ergua`wctor jkpcits lrgk
prg`uitjga gl ecs lrgk sbcho
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 59/76
?:
Acturch Ecs Yupphy Ygurios
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 60/76
<=
]rgnoito` Acturch Ecs ]rjiosLrgk OJC Caauch Oaorey Guthggf - $ por KKDtu
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 61/76
<3
Igch
Yupphy ’ _Y ichho` ‘Ycu`j Crcdjc gl Igch‛
’ Oxpgrtjae igch tg gtbor actjgas
’ Toioat & prgpgso` hjkjtctjgas ga kjajae
ro`uijae uscdho rosorvos Oavjrgakoatch
’ Oxjstjae roeuhctjgas bcvo rosuhto` ja djhhjgas spoat ga oavjrgakoatch igatrghs actjgachhy
’ Aow roeuhctjgas, suib cs ga koriury & igch csb, wjhh
rosuht ja kcay gh`or phcats ihgsjae ’ EBE okjssjgas roeuhctjga wjhh sovorohy jkpcit gh`or
phcats ca` igst tg gporcto rokcjajae uajts
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 62/76
<4
]rgnoito` Igch ]rjiosLrgk OJC Caauch Oaorey Guthggf - $ por tga
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 63/76
<9
Auihocr
]rjio rohctjvo tg gtbor gptjgas ’ Aow auihocr uajts oxpoito` tg igst gvor 3= ioats por
fUb
’ Oqujvchoat tg igkdjao` iyiho jl ecs igst
$34 por KKDtu (wjtbgut icrdga ibcreo) ’ Igkpcrjsga tg igch wjtb aow roeuhctjgas
uaiortcja (wjtb icrdga igch kcy do bjebor)
’ Kgro oxpoasjvo tbca kgst roaowcdhos, dutcvcjhcdho ja hcreor sicho ca` kgro rohjcdho
Jkpcit gl `jscstor ja Ncpca ga _Y auihocr oxpcasjgayot tg do `otorkjao`
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 64/76
<0
Toaowcdhos
Yupphjos ’ Uja` oigagkji prjkcrjhy ja Kj`wost & Ygutbwost
’ Yghcr supphy hjkjto` dy oigagkjis & hcif gl sicho
’ Djgkcss wj`ohy cvcjhcdho dut hjkjto` dy hcif gl sicho ct
c sjaeho hgictjga ]rjios lgr chh dut sghcr igkjae
jatg hjao wjtb gr chroc`y ibocportbca trc`jtjgach eoaorctjga
Yghcr stjhh kgro oxpoasjvo tbca chh
trc`jtjgach (kcydo agt aow auihocr)ca` lchhjae wjtb vghuko
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 65/76
<?
Jkpcits ga tgtch igst & rcto hovoh
Jkpcits ga `okca`/oaorey rcto tjht
Jkpcit ga igst chhgictjgas ckgae iustgkorihcssos
Jkpcit ga rcto strctoejos
Jkpcit gl Jajtjctjvos ga Tctos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 66/76
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 67/76
<5
Tcto prgioss vory `ctc `rjvoa ’ Igst gl sorvjio stu`jos roqujro `ctc ga igatrjdutjgas tg
pocf ca` gtbor OKI `okca`s
’ Tcto `osjea aoo`s usceo prgljhos ga ja`jvj`uchiustgkors gl ergups gl sjkjhcr iustgkors
Ykcrt kotors prgvj`o tbo cdjhjtytg ighhoit jatorvch `ctc ga ocibiustgkor
Ytgrjae chh iustgkor `ctc ighhoito`
dy skcrt kotors kcy prgvj`o vchuotg rcto prgioss hctor
Jkpcit ga Cvcjhcdho @ctc
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 68/76
<2
Jkpcit ga Pgtch Igst & Tcto Hovoh
]rgercks tbct rosuht ja spoa`jae kgro tbca
wguh` gtborwjso do spoat wjhh rcjso tgtch rcto
hovohs
’ Toaowcdhos kgro igsthy tbcatrc`jtjgach eoaorctjga
’ Olljijoaiy prgercks tbct igst
kgro tbca tbo icpcijty ca` oaorey tboy cvgj`
’ Oavjrgakoatch igkphjcaio prgercks tbct ro`uio
okjssjgas tbct cro iurroathy ‘lroo‛ tg tbo utjhjty
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 69/76
<:
Tosuhts lrgk ’ ]rgercks tbct sudstjtuto ljxo` igst lgr vcrjcdho
eoaorctjga igst
’ ]rgercks tbct sudstjtuto vcrjcdho igst lgr ljxo`
eoaorctjga igst Oxckphos
’ ]uribcsjae roaowcdho oaorey gac tgtch ioats por fUb dcsjs tg
gllsot aow trc`jtjgach eoaorctjga ’ Jastchhjae sghcr ]\ tg gllsot gtbor
eoaorctjga
Jkpcit ga @okca`/Oaorey Tcto Pjht
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 70/76
5=
Uby @okca`/Oaorey Pjht Kcttors
Igsts cro chhgicto` tg iustgkor ihcssos dcso` ga igatrjdutjgas tg OKI`okca`s ca` tgtch oaorey
Ihcssos igatrjduto` `jlloroathy tg pocf
`okca`s ca` tgtch oaorey ’ Tosj`oatjch iustgkors igatrjduto kgro tg
pocfs tbca gvorchh oaorey
’ Ja`ustrjch iustgkors igatrjduto kgro tgtgtch oaorey tbca tg pocfs
Ibcaejae `okca`/oaorey tjht jkpcitsigst rospgasjdjhjty ckgae ihcssos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 71/76
53
Yckpho Jkpcit gl Igst Pjht
Igatrjdutjga tg
]ocf @okca`
Igatrjdutjga tg
Pgtch Oaorey
Tosj`oatjch <=% 0=%
Ja`ustrjch 4=% 0=%
$3 kjhhjga ja oxpoaso, ?=% ljxo` & ?=% vcrjcdho
Tosj`oatjch 9==,===$ 4==,===$ ?==,===$
Ja`ustrjch 3==,===$ 4==,===$ 9==,===$
$3 kjhhjga ja oxpoaso, 3==% vcrjcdho
Tosj`oatjch -$ 0==,===$ 0==,===$
Ja`ustrjch -$ 0==,===$ 0==,===$Jkpcit gl Igst Pjht
Tosj`oatjch -4=% ibcaeo ja chhgicto` igst
Ja`ustrjch 99% ibcaeo ja chhgicto` igst
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 72/76
54
Jkpcit ga Igst Chhgictjga Ckgae
Ihcssos
Iguh` `g tbjs dy ibcaejae igsts gr ibcaejaeiustgkors‚ rohctjvo igst rospgasjdjhjtjos
Tosuhts lrgk
’ Ibcaejae ibcrcitor gl igsts
’ Ibcaejae iustgkor usceo ibcrcitorjstjis
Oxckphos
’ @okca`/oaorey tjht ’ Ybcvjae pocf `okca`s lgr gao ihcss wjtbgut
ro`uijae tbo ihcss‚ oaorey usceo
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 73/76
59
Igavorsjga gl trc`jtjgach kotors tg skcrt kotors ’ C``s tg ljxo` igst por iustgkor, jkpcitjae skchhor
iustgkors kgst
’ ]rgercks usjae skcrt kotor icpcdjhjtjos rosuht jaro`uitjgas tg `okca` ca` oaorey igsts
Hgc` kcaceokoat prgerck ’ To`uios pocf igatrjdutjga gl hgc`
kcaceo` ihcss wjtbgut sjeajljicat
ibcaeo ja oaorey ’ Tosuhts ja igsts rohcto` tg pocf `okca`
dojae chhgicto` tg gtbor iustgkor ihcssos,ovoa jl tbojr usceo js uaibcaeo`
Oxckpho Jajtjctjvos Pbct Jkpcit Igst
Chhgictjga
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 74/76
50
Tcto strctoejos cro tbo igaioptuch gdnoitjvostg do ciigkphjsbo` wjtb rctos
Oxckphos
’ ]ocf hgc` ro`uitjga
’ Ybjltjae hgc` lrgk pocf tg gll
pocf
’ Ytrctoeji hgc` dujh`jae• Gll pocf
• C``jtjga gl foy iustgkors
Jkpcit ga Tcto Ytrctoejos
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 75/76
5?
]gtoatjch Jkpcit gl Jajtjctjvos
Ykcrt kotor jastchhctjga ’ Bjebor igsts lgr chh iustgkors uahoss uso` tg jkphokoat prgercks
tbct ro`uio igst
’ Cdjhjty tg djhh ocib iustgkor ga ca bgurhy dcsjs prgvj`os icpcdjhjtylgr roch tjko prjijae
To`uitjga gl erooabguso ecs okjssjgas ’ Igsts jairocso & tjht tgwcr` oaorey, `jsigurcejae usceo gvorchh
’ Hgc` dujh`jae strctoejos kcy agt do igst olloitjvo & hjfohy`jsigurceo`
Cpphjcaio olljijoaiy stca`cr`s
’ To`uio gvorchh oaorey usceo ’ Gvorchh rcto hovoh jairocso` uahoss
igsts ro`uio`
8/2/2019 GEMC Accounting Assn 04 2011
http://slidepdf.com/reader/full/gemc-accounting-assn-04-2011 76/76
Recommended