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विसु इंटरनैशनल

बीएसई: 590038  |  NSE: VISUINTL  |  ISIN: INE965A01016  |  Computers - Software Medium & Small

खोजें विसु इंटरनैशनल कनेक्शन मार्च 14
लेखांकन नीति साल : मार्च '15
1.  Basis of Preparation of Financial Statements:
 
 The financial statements have been prepared in accordance with the
 generally accepted accounting principles in India under the historical
 cost conversion on accrual basis, except certain tangible assets which
 are being carried at revalued amounts. Pursuant to section 133 of the
 Companies Act 2013 read with Rule 7 of Companies (Accounts) Rules 2014,
 till the standards of accounting or any addendum thereto are prescribed
 by Central Government in consultation and recommendation of the
 National Financial Reporting Authority, the existing Accounting
 Standards notified under the Companies Act 1956, shall continue to
 apply. Consequently these financial statements have been prepared to
 comply in all material respects with the accounting standards notified
 under Section 211 (3C) of the Companies Act, 1956 (Companies Accounting
 Standards Rules, 2006 as amended) and the relevant provisions of the
 Companies Act, 2013 (''the Act'').  The accounting policies have been
 consistently applied by the Company and are consistent with those used
 in the previous year.
 
 2.  Use of Estimates
 
 The preparation of the financial statements in conformity with
 Generally Accepted Accounting Practices requires Management to make
 estimates and assumptions that affect the reported Assets and
 Liabilities and disclosures relating to contingent assets and
 liabilities as at the date of the Financial Statements and reported
 amounts of Income and Expenses during the period. Although these
 estimates are based upon management''s best knowledge of current events
 and actions, actual results could differ from these estimates.
 Accounting policies not specifically referred to otherwise are
 consistent and in consonance with generally accepted accounting
 principles.
 
 3.  Revenue Recognition
 
 (i) Income from Domestic transaction in the form of training fee from
 students is recognized as and when received. As per the accounting
 standards issued by the Institute of Chartered Accountants of India,
 Revenue on account of tuition fee shall be recognized over the period
 of transaction. However considering the uncertainties about the
 duration of the course as well as the prolongation of the training,
 income is being recognized on receipt basis.
 
 (ii) Income from Consultancy Services is recognized on receipt basis.
 
 (iii) Trading income & Other Incomes are accounted on accrual basis.
 
 4.  Expenditure
 
 Company''s policy is to provide for all the expenditure on accrual
 basis. The purchase of software is recognized as revenue expenditure.
 
 5.  Investments
 
 Investments are valued at cost or market price whichever is lower.
 
 6.  Foreign Currency Transactions Initial Recognition
 
 Foreign currency transactions are recorded in the reporting currency,
 by applying to the foreign currency amount the exchange rate between
 the reporting currency and the foreign currency at the date of
 transaction.
 
 7.  Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency are reported using the exchange rate
 at the date of the transaction; and non-monetary items which are
 carried at fair value or other similar valuation denominated in a
 foreign currency are reported using the exchange rates that existed
 when the values were determined.
 
 8.  Exchange Differences
 
 Exchange differences arising on the settlement of monetary items at
 rates difference from those at which they were initially recorded
 during the year, or reported in previous financial expenses in the year
 in which they arise.
 
 9.  Income Tax
 
 Provision for Income Tax, comprising current tax and deferred tax, is
 made on the basis of the results of the year.
 
 In Accordance with Accounting Standard 22 Accounting for Taxes on
 Income, issued by the Institute of Chartered Accountants of India, the
 deferred tax for timing differences between the book and the tax
 profits for the year is accounted for using the tax rates and laws that
 have been enacted or substantively enacted as of the balance sheet
 date.
 
 Deferred tax assets arising from temporary timing differences are
 recognized to the extent there is a reasonable certainty that the
 assets can be realized in the future.
 
 10.  Earnings Per Share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the year.
 
 11.  Cash Flow Statement
 
 Cash flows are reported taking the indirect method, wherein net profit
 before tax is adjusted for the transactions of non-cash nature and
 others or other accruals of past or future receipts and / or payments.
 The cash flows from regular revenue generating, investing and financing
 activities of the company are segregated.
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `335 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `2409 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `4293 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1664 Cr की खरीदारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `1753 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `912 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `36 Cr की बिकवाली
  • JEFFERIES ON SUN PHARMA : BUY रेटिंग, लक्ष्य बढ़ाकर `530/Sh
  • CS ON SUN PHARMA : Neutral रेटिंग, लक्ष्य `400/Sh
  • CLSA ON SUN PHARMA : BUY रेटिंग, लक्ष्य घटाकर `560/Sh

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