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The document discusses Accounting Standard AS-13, which focuses on the accounting for investments, particularly current investments. It emphasizes the valuation of investments at lower cost or fair value, and outlines how to account for losses and declines in value. The lecture includes examples and questions to reinforce the concepts presented.

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hbholani07
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3 views

Copy of 9

The document discusses Accounting Standard AS-13, which focuses on the accounting for investments, particularly current investments. It emphasizes the valuation of investments at lower cost or fair value, and outlines how to account for losses and declines in value. The lecture includes examples and questions to reinforce the concepts presented.

Uploaded by

hbholani07
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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AS-13

Investments
Accounting for

Advanced Accounting Lecture - 9

By – CA Nitin Goel
RECAP
1 AS 13 : Basic
concepts&f Questions
TOPICS
1 Basic & Questions
concepts
Current Inv
-

Lost Er
>

100 20

Value = 80

Loss =
20 /inzeyS
-

Fairdue r
140
95 Fr
(e
⑱
-

(-
.

=
So
volve Lost =
10 s Cost 108

#by 15
(PrcAp Lo Gain
-

(Jedit/
licom ar

Lost Fair value

I 500 480
/Temporary devine Value :
500

value : 500
550
2) 500

3) 500 270(Permanent decie) value = 270

⑤ prorogor desire = 230

PRLAK-Dr 230
BIS

Fi
Pror
To
fou decline 230

, at
Cost = 500

Neut year ① ②
-

r -

400 For
value Fair value
Earlier
-

270 500
Valua 408 -

B O B/s
-

Fir
/500
-

prov.
100) 400
I .

500

Prov
gor decline 130 230

230
TO
PLA/L 130
Yo1 : 23.
Poor Baddefts
you

Next Yeel
-

YV 2 : Nil
Yv & 100 >

Revem 230
Reven 130
For based
study
case Questions

both
In case
of
Fro in Share : Mention
options
1) If current
2) If term
log

1) Applicable ProryLero :

2) Facts
of cell) discussion

3) Conclusion
be
Investments"
"Accouning for
13 Current Investments to
As As
per
,

Team Investments to
Log
Fair value.
of
relved at lower cost or

be volved at cost Unless there is delie ,


other then
temporary

Inr. in share
-

Lost 300 M V 250


Eg
Investments : = , 000 =
, 000
.

Current
.

Valved at lower
of above is 25000
.

Loss
of
50000 to be
providedfor
300000 view

& Ly Tcam Investments valued cost is


: at .

thre is
perament decline
.
to be
Gold
log
For in term
& silver .
generally
are assumed

So valued at cost .
8
Cost Read 8 to Ques
600 O
-
- =

Fair value = 200L

Tem Inve
Current Inve
Wy Soy
50 %

Cost = 300L
Cost =
300L
Fair value = 100L
Fair vere = 1006

At cost unless there is decline

leg above Other than


temporary
ic : 100L
Since decline is other than
tempory
Cross og 2004 poor for decline ic .
200

& volved at 100L


CurrentI n
-

& by
me -> value : 100

⑤
↓

⑰ Lower = 100
cost = 100 For 120

85
=
108 =
85
Log
Tcom to Current

Tr
Valve
Cost Book valve :

~
los 106
⑩

100
So ⑳
of
was 20 : entier

My No
Homework

Revise what is done in class

&
Read
PR I to 12
>
- Only

197 27
·

(Custody Band
Qun)
2 Mins Summary

crupts & Example


AS13 : Basic

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