π Celebrating 5 Years of PW Magic! π
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π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
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π On this special occasion, we bring you exclusive offers & discounts to thank YOU for being part of our journey! π
π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
Enroll Now
#5YearsOfPW #PWFamily #SpecialOffer #ThankYou #KeepGrowing
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β§'*CA Inter Sep 2025 UDESH FASTRACK Batch Launch π₯*'β§
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β§'*CA Inter Sep 2025 UDESH FASTRACK Batch Launch π₯*'β§
Sep 2025 Exams π©β‘πͺ
Watch Live Nowπ₯ - Click Here
πJoin us for daily updates
πJoin our discussion group
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π Celebrating 5 Years of PW Magic! π
π On this special occasion, we bring you exclusive offers & discounts to thank YOU for being part of our journey! π
π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
Enroll Now
#5YearsOfPW #PWFamily #SpecialOffer #ThankYou #KeepGrowing
π On this special occasion, we bring you exclusive offers & discounts to thank YOU for being part of our journey! π
π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
Enroll Now
#5YearsOfPW #PWFamily #SpecialOffer #ThankYou #KeepGrowing
π Celebrating 5 Years of PW Magic! π
π On this special occasion, we bring you exclusive offers & discounts to thank YOU for being part of our journey! π
π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
Enroll Now
#5YearsOfPW #PWFamily #SpecialOffer #ThankYou #KeepGrowing
π On this special occasion, we bring you exclusive offers & discounts to thank YOU for being part of our journey! π
π₯ Donβt miss out β grab the deals & fuel your dreams today! πβ¨
Enroll Now
#5YearsOfPW #PWFamily #SpecialOffer #ThankYou #KeepGrowing
π Topic: Accounting Standards (AS) β Importance & Relevance
Accounting Standards (AS) are the written policy documents issued by the ICAI to standardize accounting practices across companies and industries in India.
β Why are AS important?
* Ensure transparency and comparability of financial statements
* Provide a framework for consistent accounting treatment
* Reduce ambiguity and scope for manipulation
* Align Indian practices with international norms (especially under convergence with Ind AS)
β Examples of Key AS for CA Intermediate:
* AS 10: Property, Plant & Equipment
* AS 2: Valuation of Inventories
* AS 9: Revenue Recognition
* AS 20: Earnings Per Share
* AS 26: Intangible Assets
β Exam Tip:
Focus on the applicability, measurement, and disclosure requirements under each AS. Questions often test your ability to apply these standards in practical scenarios.
Accounting Standards (AS) are the written policy documents issued by the ICAI to standardize accounting practices across companies and industries in India.
β Why are AS important?
* Ensure transparency and comparability of financial statements
* Provide a framework for consistent accounting treatment
* Reduce ambiguity and scope for manipulation
* Align Indian practices with international norms (especially under convergence with Ind AS)
β Examples of Key AS for CA Intermediate:
* AS 10: Property, Plant & Equipment
* AS 2: Valuation of Inventories
* AS 9: Revenue Recognition
* AS 20: Earnings Per Share
* AS 26: Intangible Assets
β Exam Tip:
Focus on the applicability, measurement, and disclosure requirements under each AS. Questions often test your ability to apply these standards in practical scenarios.
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β§'*Costing Most Scoring Strategy for All (Average) Students*'β§
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πJoin our discussion group
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β§'*Costing Most Scoring Strategy for All (Average) Students*'β§
Watch Nowπ₯ - Click Here
πJoin us for daily updates
πJoin our discussion group
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β§'*CA Inter Sep 2025 UDESH FASTRACK Batch Orientation π₯ Know Complete Details! *'β§
Sep 2025 π©β‘πͺ
Watch Live Nowπ₯ - Click Here
πJoin us for daily updates
πJoin our discussion group
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β§'*CA Inter Sep 2025 UDESH FASTRACK Batch Orientation π₯ Know Complete Details! *'β§
Sep 2025 π©β‘πͺ
Watch Live Nowπ₯ - Click Here
πJoin us for daily updates
πJoin our discussion group
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π Word of the Day: "Deferred Revenue"
π Meaning:
Deferred revenue refers to the advance payment received by a business for goods or services yet to be delivered or performed. It is recorded as a liability on the balance sheet until the revenue is earned.
π Why itβs important for exams:
Frequently tested in Accounting Standards, especially under AS 9 β Revenue Recognition. You must understand the timing of revenue recognition and journal entries involved.
π Example:
If a company receives βΉ50,000 in advance for a one-year subscription service, it records the amount as deferred revenue and recognizes it monthly over 12 months.
π Meaning:
Deferred revenue refers to the advance payment received by a business for goods or services yet to be delivered or performed. It is recorded as a liability on the balance sheet until the revenue is earned.
π Why itβs important for exams:
Frequently tested in Accounting Standards, especially under AS 9 β Revenue Recognition. You must understand the timing of revenue recognition and journal entries involved.
π Example:
If a company receives βΉ50,000 in advance for a one-year subscription service, it records the amount as deferred revenue and recognizes it monthly over 12 months.