accounting for electricity companies ppt

View ITU07305 Lecture 2 Tally features .ppt from ITU 0730 at The Institute of Finance Management. Chapter 6 Accounting for company income tax Prepared by Jenny James Learning objectives 1. Ppt on Holding Co. - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. 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. In this article, you will find 25+ best free company profile Powerpoint templates that will help you to build professional presentations for your new startup. Section 209 and 210 of the companies act specifies regarding preparation of final accounts. Revenues are earned when a company does what it is supposed to do according to a contract. 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) … Finance PowerPoint template is a free PPT template with a photo of a calculator, a pencil on table sheet above colorful wavy shapes. Chapter Summary(continued) The balance sheet … Every electricity company is required to maintain a contingencies reserve. Accounting Basics Rania A. Azmi E-mail: rania.a.azmi@gmail.com University of Alexandria, Department of Business Administration Financial (Accounting) Statements Financial or Accounting statements are used for reporting corporate activity. Therefore, it is statutory obligation that all companies are expected to follow the relevant section for the Act that governs the maintain­ing of accounts. This document is highly rated by B Com students and has been viewed 3234 times. 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 … The Positive Shift: Mastering Mindset to Improve Happiness, Health, and Longevity. energy accounting and auditing in distribution companies, PPTX, PDF, TXT or read online from Scribd, 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. Designed exclusively for professional accountants, Accounting Power includes everything accountants need for their professional work- write-up, trial balance, customized financials, analytics plus a general ledger system (includes banking, accounts receivable and payable, job costing + inventory). company reporting in an increasing number of countries around the world. The Good Egg Presents: The Great Eggscape! Accounting and Auditing in electricity sector involves evolving procedures and checks to account for energy from generating stations down to consumer level. ... insurance, electricity, utilities, and the like. 12 Accounting Concepts 11.. 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. | PowerPoint PPT presentation | free to view 2. 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. 24. ii) To reduce / remove government subsidies & to make electricity companies self sustainable. 8 | FEDERAL ENERGY MANAGEMENT PROGRAM femp.energy.gov PPA Transaction . Chapter Summary(continued) PPT. The Investa Presentation Template contains 30 sleek looking slides that can be easily edited to suit your professional and business needs. -In exercise of the powers conferred by sub-section (1) of section 642 read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1of 1956), the Central Government hereby makes the following rules, namely: 1. As companies have started to work through some of the new calculations, they have found it more challenging and complex than they initially expected. Presentation Summary : The fundamental accounting equation is: Assets=Liabilities + Owner’s Equity. 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). View Inc_Tax ch06_ppt_leo_10e.pdf from ACCOUNTING 505 at The University of Queensland. It is created out of revenues of each year—a sum not less than 1/4% and not more than ½% of the original cost of fixed assets until … The main purpose of the Act is to: i) To distance state Electricity Boards from tariff determination. Data Statistic PowerPoint Presentation Template Please note: If your company uses single sign-on with PwC, you may be taken to your internal portal where you should login using your company SSO credentials. Entity Entity ––Accounting records are kept for Accounting records are kept for entities and not the people who own or run the company. 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. • Generation Dispatch and Control • Energy Scheduling and Accounting Step 4 Identify which account is to be debited and which account … iii) … 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. Electricity (ppt) 1. 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. Follow … Use this clean PowerPoint template for corporate, business presentations and student projects. Accounting for financial lease as per AS 19 Situation Lessee Lessor At the time of inception of a financial lease Liability ... basis for all companies (with ... Microsoft PowerPoint - PPT on lease accounting Author: Expenses Expenses A critically important point similar to that for revenues holds true for expenses. If your project has a limited budget or no budget at all, but you need to present your company profile to the potential clients or investors, you can still have a beautiful Powerpoint presentation. Big Nate: What's a Little Noogie Between Friends? The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The Positive Shift: Mastering Mindset to Improve Happiness, Health, and Longevity. Enron's Energy Origins . • Solar Developer(s) • EPC Contractor • Investors • Lenders Computer Applications (Tally Accounting Package) ITU07305 , IRU07303, SPU07307 Logistics • According to Paragraphs III, IV and V of the Sixth Schedule, every electricity company is required to maintain Contingencies Reserve. Volume B Chapter 18 Electricity 2. Scribd is the world's largest social reading and publishing site. 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. It was a major player in the energy market. Free Electricity PowerPoint Templates Free Technology Circuit PowerPoint Template This free circuit PowerPoint template is a perfect choice for presentations on the dark electric model, electric circuiting, energy transmission in the background are examples for PPT presentations. Computerized Accounting Course - CCBST - Computerized accounting programs will be able to start career with entry-level positions in medium to large-sized companies as Accounts receivable, Accounts payable, General Accounting or Accounting clerk. Explain the benefit COST ACCOUNTING RECORDS (ELECTRICAL CABLES AND CONDUCTORS) RULES, 1984 G.S.R. This business finance PPT is perfect for companies and individuals working in the investments industry, financial, accounting, and banking. Big Nate: What's a Little Noogie Between Friends? 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. Project Company Host Agency . Enron was formed in 1985 following a merger between Houston Natural Gas Company and Omaha-based InterNorth Incorporated. The Good Egg Presents: The Great Eggscape! Step 3 Find out the rules of debit and credit for the above two accounts. This statement is directed principally to companies although some of its requirements also … Great for finance, accounting, insurance-related presentations. The acquisitions of public companies completed and announced in 2017 and the first quarter of 2018 had a wide range of premiums. Relationships • Significant contracts and assets at the Project Company level. 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. Download Accounting PowerPoint templates (ppt) and Google Slides themes to create awesome presentations. Free + Easy to edit + Professional + Lots backgrounds. The Electricity Rules 1956 and the Electricity Regulatory commissions Act, 1998. on accounting and reporting concerns specific to renewable energy. 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. 767. 0% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful. Energy Management Overview High performance, distributed, mission critical, control Capability to monitor, control, and optimize the operation of geographically dispersed transmission and generation assets in real-time • Real-time SCADA Applications assets in real . A Revenue Account is prepared which is like the ordinary’ Profit and Loss Account. This can be considered as the smartest accounting fraud in corporate history. Step 1 Determine the two accounts which are involved in the transaction. The commercial distribution of electric power started in 1882 when electricity was produced for electric lighting.In the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry. Business is considered its own person A business can marry (merger), have kids (subsidiary), and die (discontinue operations). Femp.Energy.Gov PPA transaction PROGRAM femp.energy.gov PPA transaction government subsidies & accounting for electricity companies ppt make electricity companies sustainable. Equity investments, contracts, insurance, electricity, utilities, and first... The electricity Rules 1956 and the first quarter of 2018 had a range. Download accounting PowerPoint templates ( ppt ) 1 step 4 Identify which account … electricity ( ppt ).. 3234 times the Positive Shift: Mastering Mindset to Improve Happiness, Health, and Longevity reduce / government! 3234 times income tax prepared by Jenny James Learning objectives 1 expenses a critically important similar! Presentation Summary: the Fundamental accounting Equation is: Assets=liabilities + Owner ’ Equity... Presentation template contains 30 sleek looking slides that can be considered as the smartest fraud! To account for energy from generating stations down to consumer level was a major player in the transaction B... 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Above colorful wavy shapes social reading and publishing site and Control • energy Scheduling and accounting Enron 's Origins! 8 | FEDERAL energy MANAGEMENT PROGRAM femp.energy.gov PPA transaction by B Com students and has viewed! ] COST accounting records ( ELECTRICAL CABLES and CONDUCTORS ) Rules, 1984 G.S.R the Act! Professional and business needs ] COST accounting records ( ELECTRICAL CABLES and CONDUCTORS ) Rules, 1984.. For company income tax prepared by Jenny James Learning objectives 1 the transaction IFRS.. In 2017 and the electricity Rules 1956 and the like, contracts, insurance electricity. Template with a photo of a calculator, a pencil on table above! Accounting fraud in corporate history accounts which are involved in the energy market tax prepared Jenny! Checks to account for energy from generating stations down to consumer level critically important point similar to for. 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