NPO LEC 02 Part 1_6

HM RANA UMAR FAROOQ  The best teacher of CMA USA

Watch NPO LEC 02 Part 1_6 - HM RANA UMAR FAROOQ  The best teacher of CMA USA on Dailymotion

Transcript

00:00We started contribution yesterday and we are looking at the treatment of contribution.

00:19In contribution, we were talking about restricted contribution. Restricted contribution means

00:30expenses. If it is related to current year expenses, then we are not recognizing it as

00:44a year. What was the second point? If we are getting this restricted contribution, then

01:00we are not recognizing it as a year. If we are getting this restricted contribution,

01:11then we are not recognizing it as a year. If we are getting this restricted contribution,

01:18then we are not recognizing it as a year. If we are getting this restricted contribution,

01:39then we are not recognizing it as a year.

01:48If we are getting this restricted contribution, then we are not recognizing it as a year.

02:08If we are getting this restricted contribution, then we are not recognizing it as a year.

02:18If we are getting this restricted contribution, then we are not recognizing it as a year.

02:38If we are getting this restricted contribution, then we are not recognizing it as a year.

02:49If we are getting this restricted contribution, then we are not recognizing it as a year.

03:04If we are getting this restricted contribution, then we are not recognizing it as a year.

03:19If we are getting this restricted contribution, then we are not recognizing it as a year.

03:34If we are getting this restricted contribution, then we are not recognizing it as a year.

03:49If we are getting this restricted contribution, then we are not recognizing it as a year.

04:06If we are getting this restricted contribution, then we are not recognizing it as a year.

04:18If we are getting this restricted contribution, then we are not recognizing it as a year.

04:38If we are getting this restricted contribution, then we are not recognizing it as a year.

04:48If we are getting this restricted contribution, then we are not recognizing it as a year.

05:03If we are getting this restricted contribution, then we are not recognizing it as a year.

05:18If we are getting this restricted contribution, then we are not recognizing it as a year.

05:40If we are getting this restricted contribution, then we are not recognizing it as a year.

05:48If we are getting this restricted contribution, then we are not recognizing it as a year.

06:19If we are getting this restricted contribution, then we are not recognizing it as a year.

06:34If we are getting this restricted contribution, then we are not recognizing it as a year.

06:48If we are getting this restricted contribution, then we are not recognizing it as a year.

07:06If we are getting this restricted contribution, then we are not recognizing it as a year.

07:18If we are getting this restricted contribution, then we are not recognizing it as a year.

07:38If we are getting this restricted contribution, then we are not recognizing it as a year.

07:49If we are getting this restricted contribution, then we are not recognizing it as a year.

08:01If we are getting this restricted contribution, then we are not recognizing it as a year.

08:18If we are getting this restricted contribution, then we are not recognizing it as a year.

08:38If we are getting this restricted contribution, then we are not recognizing it as a year.

08:48If we are getting this restricted contribution, then we are not recognizing it as a year.

09:03If we are getting this restricted contribution, then we are not recognizing it as a year.

09:18Next, we have another restricted contribution in which the donor says the purpose and does not say the purpose.

09:25Next, we have another restricted contribution in which the donor says the purpose and does not say the purpose.

09:49Next, we have another restricted contribution in which the donor says that you have to buy playground equipment.

09:57Next, we have another restricted contribution in which the donor says that you have to buy playground equipment.

10:04This means that this contribution is only for the equipment.

10:10So, you will have to buy the equipment.

10:13And what is equipment? It is depreciable.

10:16So, what will we do with the grant we get on this?

10:19We will write it in liabilities and over the life of assets.

10:22What will we do with this? We will keep making income.

10:24Right, friends? This is one thing.

10:27The second thing is that you have to make an improvement.

10:32Improvement to playground equipment.

10:44What is the purpose of both?

10:46Playground equipment. What is there in both?

10:49There is playground equipment in both. Isn't it?

10:52There is playground equipment in both.

10:53What is it saying in one place?

10:54That you have to buy playground equipment.

10:56And what is it saying in the other place?

11:07Right, friends? What is it saying in one place?

11:09It is saying playground equipment.

11:12And what is it saying in the other place?

11:13Improvement.

11:15Now, improvement is a generalized thing.

11:17You have to improve playground equipment.

11:20Now, there is a difference in both.

11:23In this, you will make income.

11:25In this, you will recognize this grant as revenue.

11:30Revenue.

11:32It is appreciable asset, isn't it?

11:33Revenue will be recognized over the life of assets.

11:40No one will teach you NPO.

11:43Go and watch it on YouTube.

11:46Today, Islam has come later.

11:48That is why the value has decreased.

11:50You have reduced the value.

11:52Revenue will be recognized over the life of assets.

11:58Brother, what will be recognized as revenue?

12:00Over the life of assets.

12:03This is the case above.

12:05This is the same case.

12:07There is playground equipment.

12:08It is appreciable.

12:09You will get contribution on it.

12:11You will write in deferred income liability.

12:13And over the life of assets, depreciation will come.

12:16Contribution will come from there.

12:17You will be cancelled in it.

12:19Is it right?

12:21Secondly,

12:22Contribution is also available here.

12:25But for what?

12:26For improvement.

12:27As soon as you improve,

12:29Because you do not have a specific purpose.

12:31It is a generalized purpose.

12:32So, as soon as you improve,

12:34Make the entire contribution income.

12:36Depreciate it with the asset.

12:38Because what was your purpose?

12:40Improvement.

12:41Contribution was 1 billion, 1 trillion, 1 lakh.

12:44As soon as you improved it,

12:47Repair and maintenance got improved.

12:49What will you do with it?

12:50After improvement.

12:52May recognize

12:56Revenue

13:00In the year

13:04In which

13:08Improvement is done.

13:12As soon as the improvement is done,

13:14Revenue will be recognized.

13:18Any objection?

13:20Now, read all the types.

13:22Restricted contribution.

13:24Tell whether it is clear or not.

13:26Close it.

13:28When will you close it?

13:30Then run it again.

13:32Recall all these.

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