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	<title>Money Bol</title>
	<link>http://moneybol.com</link>
	<description>Finance &#38; Investment Blog</description>
	<lastBuildDate>Wed, 10 Mar 2010 12:21:28 +0000</lastBuildDate>
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	<item>
		<title>TREATMENT OF TANGIBLE ASSETS UNDER IFRS i.e. PROPERTY, PLANT AND EQUIPMENT (PPE)</title>
		<description><![CDATA[First time adoption of IFRS for PPE
An entity can use fair value as deemed cost on First time adoption of IFRS
OR 
It has to apply Retrospective application which means recalculate carrying amount of each PPE item according to IFRS since its purchase date including transaction cost, useful life and residual value.
Suggestion
However fair value as deemed [...]


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<li><a href='http://moneybol.com/fair-value-accounting-in-ifrs/' rel='bookmark' title='Permanent Link: Fair Value Accounting in IFRS'>Fair Value Accounting in IFRS</a></li>
<li><a href='http://moneybol.com/delay-in-defining-roadmap-of-ifrs-for-banking-industry-in-india/' rel='bookmark' title='Permanent Link: Delay in defining roadmap of IFRS for banking industry in India'>Delay in defining roadmap of IFRS for banking industry in India</a></li>
</ol>]]></description>
		<link>http://moneybol.com/treatment-of-tangible-assets-under-ifrs-i-e-property-plant-and-equipment-ppe/</link>
			</item>
	<item>
		<title>Indian Economy – Review and Analysis, February 2010</title>
		<description><![CDATA[Readers, as promised, we have posted the market review for February without delay this time. Month of February witnessed the most important calendar event for Indian economy, the Budget 2010. Our reports on the same would have kept you updated. Hopefully this will update you about its affect on various markets.
Equity

After correcting for most part [...]


Related posts:<ol><li><a href='http://moneybol.com/annual-indian-economy-review-and-analysis/' rel='bookmark' title='Permanent Link: Indian Economy &#8211; Annual Review and Analysis'>Indian Economy &#8211; Annual Review and Analysis</a></li>
<li><a href='http://moneybol.com/indian-economy-review-and-analysis-november-2009/' rel='bookmark' title='Permanent Link: Indian Economy – Review and Analysis, November 2009'>Indian Economy – Review and Analysis, November 2009</a></li>
<li><a href='http://moneybol.com/indian-economy-review-analysis-october/' rel='bookmark' title='Permanent Link: Indian Economy – Review and Analysis, October 2009'>Indian Economy – Review and Analysis, October 2009</a></li>
</ol>]]></description>
		<link>http://moneybol.com/indian-economy-%e2%80%93-review-and-analysis-february-2010/</link>
			</item>
	<item>
		<title>Explanation of IFRS 9</title>
		<description><![CDATA[IFRS 9: FUTURE FINANCIAL INSTRUMENT
(SIGNIFICANT FOR BANKS AND FINANCIAL INSTITUTIONS)
-
CURRENT STATUS


IFRS 9 has been issued for financial assets
Standards relating to financial liability, impairment, derecognition and hedging will be issued in a phased manner
Impact of IFRS 9 on banks are significant


HELD TO MATURITY CLASSIFICATION

Banks have to invest in government securities to comply with RBI’s prudential norms
As [...]


No related posts.]]></description>
		<link>http://moneybol.com/explanation-of-ifrs-9/</link>
			</item>
	<item>
		<title>Delay in defining roadmap of IFRS for banking industry in India</title>
		<description><![CDATA[Banking system in India is so far accustomed to rule based approach and hence for any implementation, Banks look to the regulator for guidelines i.e. RBI.
In case of Basel II implementation, the National Supervisor i.e. RBI is provided with power to modify the guidelines to suit the country condition. The Objective of Basel seems to [...]


Related posts:<ol><li><a href='http://moneybol.com/treatment-of-tangible-assets-under-ifrs-i-e-property-plant-and-equipment-ppe/' rel='bookmark' title='Permanent Link: TREATMENT OF TANGIBLE ASSETS UNDER IFRS i.e. PROPERTY, PLANT AND EQUIPMENT (PPE)'>TREATMENT OF TANGIBLE ASSETS UNDER IFRS i.e. PROPERTY, PLANT AND EQUIPMENT (PPE)</a></li>
<li><a href='http://moneybol.com/uae-economy-impact-of-dubai-crisis/' rel='bookmark' title='Permanent Link: UAE Economy: Impact of Dubai crisis'>UAE Economy: Impact of Dubai crisis</a></li>
<li><a href='http://moneybol.com/fourteen-companies-one-market/' rel='bookmark' title='Permanent Link: Fourteen Companies: One Market'>Fourteen Companies: One Market</a></li>
</ol>]]></description>
		<link>http://moneybol.com/delay-in-defining-roadmap-of-ifrs-for-banking-industry-in-india/</link>
			</item>
	<item>
		<title>BUDGET HIGHLIGHTS 2010</title>
		<description><![CDATA[Poor Monsoon – affected Rabi and Kharif crops
India weathered the crisis well
Supporting and delivering services and not giving directly to the citizens
2009-10 – Challenging year attributed to 2008-09 Q3, Q4
GDP
FY 2008-09 &#8211; GDP 6.7 % Substantial fiscal expansion
Q1 2009-10 – GDP 6.1%
Q2 2009-10 &#8211; GDP 7.9%
Q3 &#38; Q4 – expected higher than 7.2%
Hope to reach [...]


No related posts.]]></description>
		<link>http://moneybol.com/budget-highlights-2010/</link>
			</item>
	<item>
		<title>UAE Economy: Impact of Dubai crisis</title>
		<description><![CDATA[Introduction
In 2009, the U.A.E. witnessed a significant slowdown in growth and strains in the banking system as a result of the global financial crisis, the decline in oil prices, and the continuing fallout from the bursting of the Dubai property bubble. The ramifications of the DW debt event will depend on the scope and modalities [...]


Related posts:<ol><li><a href='http://moneybol.com/indian-economy-%e2%80%93-review-and-analysis-february-2010/' rel='bookmark' title='Permanent Link: Indian Economy – Review and Analysis, February 2010'>Indian Economy – Review and Analysis, February 2010</a></li>
<li><a href='http://moneybol.com/annual-indian-economy-review-and-analysis/' rel='bookmark' title='Permanent Link: Indian Economy &#8211; Annual Review and Analysis'>Indian Economy &#8211; Annual Review and Analysis</a></li>
<li><a href='http://moneybol.com/fortnightly-market-update/' rel='bookmark' title='Permanent Link: Fortnightly Market Update'>Fortnightly Market Update</a></li>
</ol>]]></description>
		<link>http://moneybol.com/uae-economy-impact-of-dubai-crisis/</link>
			</item>
	<item>
		<title>BUDGET FY 2010-11</title>
		<description><![CDATA[Macro economic expectations
Budget 2010-11 will be presented against a backdrop of reviving economic conditions. The year 2009-10 saw all the economic indicators painting a healthy picture of the economy after a year of subdued growth. GDP has started to accelerate; IIP has gone into a double digit growth trajectory. Exports have entered into positive growth [...]


No related posts.]]></description>
		<link>http://moneybol.com/budget-fy-2010-11/</link>
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		<title>Indian Economy – Review and Analysis, January 2010</title>
		<description><![CDATA[Dear readers, apologies yet again for the delay in posting January’s economic review but due to certain unavoidable circumstances the review could not be posted on time. Hope this review is useful and informative.
Equity
The BSE stock index started the year on a positive note, rising for the first 2 days to reach 17686. The markets [...]


No related posts.]]></description>
		<link>http://moneybol.com/indian-economy-%e2%80%93-review-and-analysis-january-2010/</link>
			</item>
	<item>
		<title>USD-INR retracing the fall</title>
		<description><![CDATA[The USD/INR retraced the highs of 45.28 and has settled at around 45.78 levels. Equity markets were directionless with the Sensex and the Nifty closing a tad lower than last week. The high point from the data point was the 11.3 % growth in IIP against expectation of 10%. Inflation for the month of December [...]


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<li><a href='http://moneybol.com/us-dollar-rupee-exchange-rate-fluctuation/' rel='bookmark' title='Permanent Link: USD-INR Choppy and Uncertain'>USD-INR Choppy and Uncertain</a></li>
<li><a href='http://moneybol.com/currency-review/' rel='bookmark' title='Permanent Link: Currency Outlook &#8211; Fortnightly Currency Review November'>Currency Outlook &#8211; Fortnightly Currency Review November</a></li>
</ol>]]></description>
		<link>http://moneybol.com/usd-inr-retracing-the-fall/</link>
			</item>
	<item>
		<title>IFRS:Why do we need IFRS in India?</title>
		<description><![CDATA[Do we need IFRS in India?
Indian Companies are listed on overseas stock exchange and have to prepare accounts with respect to GAAP followed in respective countries. Foreign companies having subsidiary in India have to prepare there accounts in order to meet overseas reporting.
FDI and FII’s are more comfortable with one global accounting language which can [...]


No related posts.]]></description>
		<link>http://moneybol.com/ifrs-in-india/</link>
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