Premium Essay

Dd Account

In:

Submitted By Gillxsa
Words 351
Pages 2
1) (1) The U.S. GAAP section 360-10-35-21 states “A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable”. An example of an event like this is a significant decrease in the market price of a long-lived asset. As stated in the case, one of Ida’s competitors sold its extremely comparable commercial building for an amount significantly less than its asking price. Since these assets are very similar in comparison, this significantly less price for the competitor’s building is an example of a decrease in the market price of Ida’s commercial building. Therefore under the U.S. GAAP, Ida needs to test the U.S. commercial building for recoverability. (2) Under IAS 36.12, there are certain external factors that lead you to want to test for recovery such as a decline in market value. The sale of the building across the street is an example of one of those external factors. IAS 36.6 explains impairment and how to record impairment. Under IFRSs IAS 36.66, the recoverable amount of cash-generating units (CGUs) should be determined for the individual asset. Therefore, a recoverability test must be done.
2) As of U.S. GAAP 360-10-35-17, when reporting to its U.S. based lender as of December 31, 2010, Ida should record $600 for impairment on the U.S. commercial building. Under GAAP, one must compare the fair value to the carrying amount. Since the fair market value is $3,900 and the carrying amount is $4,500, impairment is calculated as the difference $600. *All dollars in thousands (U.S. GAAP 360-10-35-17)
3) Under IAS 36.6, when reporting to its parent as of December 31, 2010, Ida should record $500 for impairment on the U.S. commercial building. The recoverable amount for the commercial building is $4,000. The carrying amount is $4,500.

Similar Documents

Free Essay

Reort on Airtel

...A Report On Market Developing of DTH Services Submitted By:- Bhuvaneshwar S. Kushwah 12BSP0292 Bharti Airtel Ltd. (DTH Division) Contents Introduction 3 History of Airtel Digital T.V (DTH) 3 Hardware Information 4 How digital TV works 4 Objective of the Project 6 Methodology 7 Competitors of Airtel Digital T.V 7 Mystery shopping 9 Importance of mystery shopping 9 Half of the week I was visiting one Airtel digital T.V Outlet 9 Creating new outlet of Airtel digital T.V. (DTH) 10 Why we were targeting these shops? 10 Problems face by me during the task 10 (Sales Promotion event at courtyard) 10 Van Activity 11 Objective of company behind Van activity 12 Following are the location where I have done van activity 12 Limitations of the Van activity 13 What I learn during van activity? 13 References:- 14 Introduction Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications Services Company headquartered at New Delhi, India. It operates in 20 countries across South Asia, Africa and the Channel Islands. Airtel has GSM network in all countries in which it operates, providing 2G, 3G and 4G services depending upon the country of operation. Airtel is the world's third largest mobile telecommunications company with over 261 million subscribers across 20 countries as of August 2012. The Digital TV business provides Direct-to-Home (DTH) TV services across India under the brand name Airtel digital...

Words: 2637 - Pages: 11

Free Essay

Research

...just market leader & challenger but all players in the industry were playing with keen interest because of the size of this industry in India. The Indian DTH Market is projected to become the world’s largest DTH Market in 2012 itself. The regulations that necessitate digitization of television content & signals will also drive the sale of this product in the time to come. The advantage over cable & satellite service providers that it gives, rural & remote transmission because of wireless service, technological advances like electronic program guide that it provides makes it an enticing product for consumers. In race to acquire maximum customers companies have been fiercely fighting on the price point as well. Doordarshan’s DD Direct Plus with a conglomeration of free to air channels only plays at a different level for rural masses & economy seekers. The competition in the mainstream is mainly between the Dish TV & Tata Sky, with Airtel Digital TV, Reliance Big TV, Videocon D2H & Sun Direct Plus playing on a different platter. It becomes very interesting to see how these players fight it out between themselves on different fronts of positioning & differentiation; when the core offering of bouquets & prices are almost the same everywhere. All DTH majors bear loss in the industry right now & try to make it good with the help of Value Added Services they have to offer. Because of the inherent potential in the...

Words: 4846 - Pages: 20

Premium Essay

Bank

...Departments In A Bank As soon as it becomes necessary, on account of volume of business, to divide the work in a bank into divisions, each employing a group of clerks, such division is organized into a department having a department head who is usually a teller, a head bookkeeper, or perhaps a junior officer. In the very large banks the executive staff is itself organized into groups, and there may be a vice - president and one or two assistant cashiers in charge of each important department. The work of a department in a large bank is nothing more nor less than the work of a single man in a small bank, apportioned among several men. For example, the receiving teller in a five-man bank will take the deposit, count the cash, examine the checks, assort them as to place payable, enter them upon the proper records and make a settlement or proof at the end of the day. In a large bank each of these operations is performed by a different man or group of clerks under the direction of the receiving teller, who is head of the department. It may be that he himself will do very little if any of the detail work. He becomes the manager. Frequently we find a department within a department, as for example, the money department within the paying teller's department. The ordinary departments, classified as to group, may be described as follows: Paying Teller's Department (Teller): Pays or certifies checks. In charge of the signature book or cards bearing the authorized signatures of all depositors...

Words: 767 - Pages: 4

Premium Essay

Gssg

...EMBA guideline complete solutions of National Bank Limited (NBL) Early banking system served mainly as depositors for funds, while the more modern system has considered the supplying of credit their main purpose. A Bank not only accepts money or deposits but also lends money and creates its own credit, Crow her has defined a bank as “a dealer in debts-his own and of other people”. Sawyer’s states, “We can define a bank as n institution whose debts (bank deposits) are widely accepted in settlement of other peoples debts to each other”. The class of financial institutions called commercial banks has one important characteristic that distinguishes it from all other kinds of financial institutions. This important distinction is that t alone can hold deposits to be drawn upon by check’ it has the power to create and destroy money, within limits, through the use of loans and demand deposits. Commercial banks lend money by creating demand deposits and retire loans by canceling demand deposits. The functions of modern commercial banks are numerous and overlap with those of such other financial institutions. They are most sharply differentiated form other financial institutions by the character of their principal liabilities. Only commercial banks hold demand deposits, which constitute the most important component of money supply, thus banks are unique among non governmental institutions as administrators of demand deposits and as money issuers. They influence not only size of the...

Words: 6743 - Pages: 27

Premium Essay

A Study on Marketing Plan for a New Product for Unilever Bangladesh

...Acknowledgement First of all I like to give the greatest gratitude to my almighty for making me enable to make this report. I express my heartiest gratitude and deepest respect to my teacher Quazi Forhad supervisor of my internship program for his brilliant and excellent guidance and assistance to complete this report. My sincere gratitude go to senior Executive officer, of The Janata Bank Ltd, Faridpur Corporate Branch, Faridpur for giving the excellent opportunity and support me to complete my internship report. He guided me from the initial conceptualization to planning and designing the report. My Department advisor guided me in proceeding with the report works. He suggested me with additional directions. For them I could complete my internship along with this report successfully. I would also like to thank all the officials of Janata Bank Ltd., especially the officer in Deposit section, officers in bills and remittance dept. of the branch. Working with them has been a pleasant experience. From the very beginning they welcomed me cordially, which made my internship and my job much easier and enjoyable. I warmly thank them for their support. And, lastly I would like to thank all the respondents of my survey at desk of the Branch. Out of their busy schedule they made time for me and provided me with useful information. I thank all of them for their cooperation. Executive Summary JANATA Bank Limited offers to explore the world of progressive Banking in Bangladesh. It is a...

Words: 8146 - Pages: 33

Free Essay

General Banking

...those customers who come frequently and those customers who come one time in banking for enjoying ancillary services. In some general banking activities, there is no relation between banker and customers who will take only one service form Bank. On the other hand, there are some customers with who bank are doing its business frequently. It is the department, which provides day-to-day services to the customers. Every day it receives deposits from the customers and meets their demand for cash by honoring cheques. It opens new accounts, demit funds, issue bank drafts and pay orders etc. since bank in confined to provide the service everyday general banking is also known as retail banking.  Sonali bank involves Various types of General banking activities such as deposit A/C, Inoperative A/C, Payment of Checks, Return of Checks, A/C Closing, A/C Transfer, Works of Cash Section, Subsidiary Register Day Book, Clean Cash, General Ledger, Abstract, Remittance (P/O, DD, MT, TT) Bills Department, SC, LSC, Clearing House, Sonali Bank General A/C etc. 4.1.1 General Banking Section of SBL: General banking department is the busiest and important department of sonali bank, because funds are mobilized, cash transactions are made; clearing, remittance and accounting activities are done here. In SBL, the following...

Words: 4313 - Pages: 18

Premium Essay

Internship Report

...Internship report at a glance Name of the Tropics 1. Chapter One Introduction 2. Chapter Two ❖ An Appraisal of National Bank Ltd. 3. Chapter Three General Banking 4. Chapter Four ❖ Services of National Bank 5. Chapter Five ❖ Foreign Exchange 6. Chapter Six Daily activities of Bank 7. Chapter Seven ❖ Other activities of National bank ltd 8. Chapter Eight ❖ Recommendation & Conclusion. Chapter one Introduction 1.1 An overview of National Bank Ltd. N ational Bank Limited is regarded as the pioneer in the private sector banking of Bangladesh. National Bank started its journey with the noble vision of diversifying banking activities into different activities of client service. The bank is also committed to fulfill its responsibilities to the society and the country. National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and leading industrialist of the country. To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, NBL, as a financial institution automated...

Words: 8146 - Pages: 33

Premium Essay

Internship Report on Nbl

...Internship report at a glance Name of the Tropics 1. Chapter One Introduction 2. Chapter Two ❖ An Appraisal of National Bank Ltd. 3. Chapter Three General Banking 4. Chapter Four ❖ Services of National Bank 5. Chapter Five ❖ Foreign Exchange 6. Chapter Six Daily activities of Bank 7. Chapter Seven ❖ Other activities of National bank ltd 8. Chapter Eight ❖ Recommendation & Conclusion. Chapter one Introduction 1.1 An overview of National Bank Ltd. N ational Bank Limited is regarded as the pioneer in the private sector banking of Bangladesh. National Bank started its journey with the noble vision of diversifying banking activities into different activities of client service. The bank is also committed to fulfill its responsibilities to the society and the country. National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and leading industrialist of the country. To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, NBL, as a financial institution automated all its branches with computer network...

Words: 8148 - Pages: 33

Premium Essay

Report

...REPORT ON Overall Banking system of Al-Arafah Islami Bank Ltd-Focusing on General Banking Chapter 1: Introduction Bank is important financial intermediary in the economy. It plays crucial role of transferring the resources from surplus area to the surplus area to the supply constraint area. Bank performs its job through introducing various financial products and services to the market. Among them loan is the most crucial product .Loan is the product that generates major profit for the bank. Since, banks receive deposits from lenders at a certain interest rate and give the loan at the higher interests. The private banking industry is at its growth in Bangladesh. In August 1974, Bangladesh signed the charter of Islamic Development Bank and committed itself to reorganize its economic and financial system as per Islam Ice Shariah.Bangladesh government subscribed recommendation of Islamic Foreign Minister’s conference held in Senegal in 1978 regarding systematic efforts to establish Islamic banks in the member countries gradually. In January 1981, the then president of the People’s Republic of Bangladesh while addressing the 3rd Islamic Summit Conference held at Makkah and Taif suggested, “The Islamic countries should develop a separate banking system of their own in order to facilitate their trade and commerce.” Earlier in November 1980, Bangladesh Bank, the country’s Central Bank, sent a representative to study the working of several Islamic banks of different countries....

Words: 6933 - Pages: 28

Premium Essay

General Banking Division of Social Islami Bank Limited

...Introduction 1.1 Background of the Study Banking system occupies an important place in a nation's economy because of its intermediary role; it ensures allocation and relocation of resources and keeps up the momentum of economic activities. In a developing country like Bangladesh, the banking system as a whole has a vital role to play in the progress of the economic development. The demand , motivations and priorities of the consumers are the first crucial steps towards the improvement of customer satisfaction .And customer will satisfied if they get proper products and services . Deposits are the most important department of any bank. It consists of current, saving and fixed deposit transaction etc, the core objectives of deposit is to increase the economic growth of the nation. This department is very important for the bank, which requires knowledge based banking activities. No country can survive without a perfect Deposit mechanism, that’s why I put emphasis on this department. Quality customer service by Deposit department is essential to building customer relationships .The high level of customer loyalty depend on the quality of the core services. If a service provided by this department is not up to the mark then a company can lose its loyal customer. And it also can’t be able to get new customers. The department should use new technology and should develop new strategies for satisfying the customers. And if the manager and the department...

Words: 15424 - Pages: 62

Premium Essay

Internship Report

...CHAPTER ONE 1. Introduction Internship is an assigned work performed usually at the end of a course curriculum. The goal of internship is to apply one’s theoretical knowledge in practical fields. Thus internship is a pragmatic application of knowledge and achieving practical experience by engaging oneself in different and distinct sectors of work. In normal sense, we know that internship is a practical knowledge of specific think. But in broad, it means to acquire knowledge and information getting directly by searching. That is to work in respectively fields practically according to the theoretical knowledge is called internship. It is the application of knowledge, which a candidate has gathered by academic subjects. After completing the academic courses a person may be appointed to an eligible post by the theoretical and practical knowledge. To invent something new by proper investigation or discussion of a known and unknown matter and to make a right decision by the knowledge is the main theme of internship. So, internship is standard method taken for searching knowledge i.e. it is the combination of theoretical and practical knowledge 2. Objectives of the study The main purpose of this study is to investigate and observe into the loan disbursement and recovery of Sonali Bank Limited, Sopura Branch, Rajshahi and to provide some suggestions to improve its performance. However, followings are some of the specific objectives of...

Words: 9317 - Pages: 38

Premium Essay

Fahad

...IQRA UNIVERSITY Bank Copy IU Main Campus Bank's Name: Askari Commercial Bank Instruction: A/C # In Bank Statement, Vouchers No. should be quoted against credit. Student Details Registration Fees Registration No. : 11305 CG. Vhr. # : 121897-2301 Student Name : Shaikh Fahad Credit Hour : Father Name : Shaikh Ibrahim Degree : BBA-H Address : C/9 NAZIA APPT BLOCK-6 OPPOSITE DISCO BAKERY, Reg. Date : 19-JAN-2012 Semester : SPRING-12 18 Courses 6 Payable till Bank Manager 03-FEB-2012 52,850 With 5% till Date 10-FEB-2012 55,492 With 10% till IQRA UNIVERSITY Account Copy IU Main Campus 17-FEB-2012 Bank's Name: Askari Commercial Bank Instruction: : 100 Misc 250 Student Council 500 Admission 0 Registration 0 A/C # 58,135 51,000 Penalty 0 Total 52,850 Less Discount 11305 CG. Vhr. # CG. Vhr. # 121897-2301 0124-01-165-0018-3 Fees : 121897-2301 Student Name : Shaikh Fahad Credit Hour : Father Name : Shaikh Ibrahim Degree : BBA-H Address : C/9 NAZIA APPT BLOCK-6 OPPOSITE DISCO BAKERY, Reg. Date : 19-JAN-2012 Semester : SPRING-12 18 Courses 6 Caution Money 100 Misc 250 Student Council 500 Admission 0 Registration 0 51,000 Penalty 0 Payable till Student Copy IU Main Campus ...

Words: 460 - Pages: 2

Premium Essay

Bank

...INTERNSHIP REPORT ON GENERAL BANKING ACTIVITIES OF PUBALI BANK LIMITED: A STUDY ON SADARGHAT BRANCH, DHAKA Prepared for Mr.Sheikh Md. Abdur Rahim Assistant Professor and Head Department of Real Estate and Department of Commerce Faculty of Business and Economics Daffodil International University Prepared by Rajib Dutta ID No.: 102-11-1571 th BBA 26 Batch(Major: HRM) Faculty of Business & Economics Daffodil International University Date of Submission: 7 December 2014 LETTER OF TRANSMITTAL 7 December 2014 Mr.Sheikh Md. Abdur Rahim Assistant Professor and Head Department of Real Estate and Department of Commerce Faculty of Business and Economics Daffodil International University Subject: Submission of the internship report. Dear Sir, It is my great pleasure to submit the Internship report entitled “General Banking Activities of Pubali Bank Limited: A Study on Sadarghat Branch,Dhaka’’. As per requirement of BBA, I have completed the Internship in Pubali Bank Limited. I have tried to exert all the knowledge that I gathered through my working with this branch of PBL. Working for three months (6th august to 6th November) in the Pubali Bank Limited, Sadarghat Branch helped me to fulfill the requirements of obtaining practical learning and subsequently prepare of this report. My internship in Pubali Bank Limited was a worthwhile experience and the exposure of such an organization would be valuable for me. Before facing the real business world...

Words: 8943 - Pages: 36

Premium Essay

Financial Performance Analysis

...Executive Summary: Any academic course of the study has a great value when it has practical application in the real life. Only a lot of theoretical knowledge will be little important unless it is applicable in the practical life. So we need proper important unless it is applicable in the practical life. So we need proper application of our knowledge to get some benefit from our theoretical knowledge to make it more fruitful. When we engage ourselves in such field to make proper use of our knowledge in our practical life only, then we come to know about the benefit of the theoretical knowledge. This report is on a study of the General Banking” of Shahjalal Islami Bank Ltd.  Uttara Branch. Sahajalal Islami Bank Limited is a private commercial bank, which is 6th Islamic Shariah based bank in Bangladesh. The Bank started its operation on 10th May 2001, during this period it could improve its image in the society as an Islamic Bank. Now it has 26 branches in Bangladesh. All branches are situated in the highly demanded areas. As a new bank, Shahjalal Islami Bank Limited has been competing with other private banks where all the banks are adopting different incentive programs to attract the customers. Accordingly, SJIBL is offering different type of deposit scheme bearing highest rate of return. Mudarabah Deposit Scheme, Monthly income scheme and Millionaire scheme, Double Benefit Scheme are the most popular offers that are completely new innovation in the banking sector and widely...

Words: 13491 - Pages: 54

Premium Essay

Thesis

...Overall Banking System of NCC Bank Limited,Bangladesh Executive Summary National Credit and Commerce Bank Limited (NCC Bank) is a well established Bank in Bangladesh. It is developing and expanding its branches in the country with innovative products and banking services, to gain greater acceptance as an effective and efficient means of intermediation and to contribute to the overall wealth creation.This report is prepared as a requirement of the internship phase of BBA program of Northern University of Bangladesh. This report focuses three months working experiences in National Credit and Commerce Bank Limited, Foreign Exchange Branch. This report will give a clear idea about the activities and operational strategies of National Credit and Commerce Bank Limited.The whole working process of NCCBL is divided into 3 sections-(1) General Banking, (2) Credit Section, (3) Foreign Exchange. Here first chapters basically discuss about the background of the report, objectives and methodologies used in preparation of the report and limitation faced at preparation. The main objective is to identify the various activities provided to customers by National Credit and Commerce bank Ltd. and descriptive analysis about their operation. Next I have tried to concentrate on Internship duties and banking function (general banking, loan and advances and foreign exchange business) and marketing part on the basis of some specific topics.The objective of the internship program was to familiarize the...

Words: 11059 - Pages: 45