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2010-03-10T10:36:00.000-08:00

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2009-11-12T10:22:00.000-08:00

new papers and quizes are uploaded :click here

fin621 topic"useful life of assets"

2009-10-31T10:31:00.001-07:00

The general principle is that "useful life" is taken to mean the amount of time for which an asset can be useful. In other words, this means the amount of time before it is worn out or obsolete and needs to be replaced. The role of depreciation is to spread the cost of an asset over its useful life. This is particularly important for a very large asset, like a company building a new factory. If they accounted for the whole asset as an expense all in one year, then they would make an enormous loss. The use of assets in the generation of revenue is usually more than a year- that is long term. It is therefore obligatory that in order to accurately determine the net income or profit for a period depreciation is charged on the total value of asset that contributed to the revenue for the period in consideration and charge against the same revenue of the same period. Depreciation is usually spread over the economic useful life of an asset because it is regarded as the cost of an asset absorbed over its useful life. Invariably the depreciation expense is charged against the revenue generated through the use of the asset. So, net income is also effected by the fixed assets. It is worth noting that not all fixed assets depreciate in value year-over-year. Land and buildings, for example, may often increase in value depending on local real-estate conditions. Useful life of a fixed asset is the key factor that influences the depreciation to be charged against that asset for an accounting period. Normally a company can show an increase its net income by increasing the estimated useful life of a fixed asset.

Example 1 (effect of estimated life):

Lets say cost of an asset is Rs.10,00,000/- We assume that residual value is Rs.100,000. Straight line method is used in this example.

Depreciation = (Cost of an Asset – Salvage Value) / Estimated life

i) If estimated life is 5 years

Depreciation = (10, 00,000 - 1, 00,000) ÷ 5 = 1, 80,000

ii) If estimated life is 10 years

Depreciation =( 10,00,000 – 1,00,000 ) ÷ 10 = 90,000

By spreading cost over ten year company can show enhancement and increase in profit effect for in early five years. As only 90,000 will be charged as depreciation in cost of production instead Rs.180,000. So, the net income will increase by Rs.90,000 in this case.

Example 2 (effect of estimated salvage value):

Let's say cost of an asset is Rs.10, 00,000/- .And estimated life is 10 years.

i) If estimated salvage value is Rs.1, 00,000

Depreciation = (10, 00,000 – 1, 00,000) ÷ 10 = Rs. 90,000

ii) If estimated salvage value is Rs. 2, 00,000

Depreciation = (10, 00,000 – 2, 00,000) ÷ 10= Rs.80,000

Higher estimate salvage value result in decreased depreciation that lead to the higher profit. Therefore, it can be concluded that by longer useful life of fixed assets and salvage value net income is affected.

announcement by VU

2009-10-13T02:11:00.000-07:00

This is to inform all students who are enrolled in Extra semester, the vouchers for fall 2009 will be uploaded after October 15, 2009.
==================================
Published On: Saturday, September 26, 2009
NOTIFICATION

Dated: September 26, 2009

Virtual Univeristy of Pakistan will observe following timings for students w.e.f. Fall 2009 (commencement date: September 28, 2009) semester.

Monday to Friday
08:00 AM to 06:00 PM

No classes will be conducted on Saturday and Sunday.

Registrar, VU

Virtual Univeristy of Pakistan

MBA -HRM-result

2009-10-06T12:15:00.001-07:00

StudyProgram MBA -HRM
CGPA 1.23

Semester Course Title Score Grade Point Grade
Fall 2007 CS101 Introduction to Computing 46.000 1.60 D
Fall 2007 MGT101 Financial Accounting 50.000 2.00 C
Fall 2007 MGT301 Principles of Marketing 45.000 1.50 D
Fall 2007 MGT501 Human Resource Management 20.000 0.00 F
Fall 2007 MGT503 Principles of Management 41.000 1.10 D
Fall 2007 MTH302 Business Mathematics & Statistics 69.000 3.27 B
Spring 2008 ECO401 Economics 27.000 0.00 F
Spring 2008 ENG301 Business Communication 58.000 2.53 C
Spring 2008 MGT201 Financial Management 24.000 0.00 F
Spring 2008 MGT402 Cost & Management Accounting 32.000 0.00 F
Spring 2008 MGT502 Organizational Behaviour 32.000 0.00 F
Spring 2008 MGT603 Strategic Management 22.000 0.00 F
Fall 2008 ECO401 Economics 26.000 0.00 F
Fall 2008 IT430 E-Commerce 49.000 1.90 D
Fall 2008 MGT402 Cost & Management Accounting 22.000 0.00 F
Fall 2008 MGT501 Human Resource Management 42.000 1.20 D
Fall 2008 MGT502 Organizational Behaviour 28.000 0.00 F
Fall 2008 MGT602 Entrepreneurship 43.000 1.30 D
Fall 2008 MGT603 Strategic Management 30.000 0.00 F
Fall 2008 STA630 Research Methods 47.000 1.70 D
Spring 2009 HRM611 Human Relations (alt. code=MGMT611) 49.000 1.90 D
Spring 2009 HRM624 Conflict Management 50.000 2.00 C
Spring 2009 HRM627 Human Resource Development 35.000 0.00 F
Spring 2009 HRM628 Organizational Development (alt. code=MGMT628) 41.000 1.10 D
Spring 2009 MGT411 Money & Banking 48.000 1.80 D
Spring 2009 MGT613 Production / Operations Management 32.000 0.00 F
Spring 2009 MKT501 Marketing Management 51.000 2.07 C

quiz collection

2009-10-06T12:15:00.000-07:00

quiz collection click here

result sharing

2009-10-01T23:30:00.000-07:00

dear student kindly share your result with other students.simple send email at decent.blog@gmail.com with your result (subjects marks detail,degree level, and obtain cgpa).

course selection guide about MBA

2009-09-16T00:07:00.000-07:00

MBA duration
is 2 years in which student faces 4 semester.
total subjects are 24 which are divided in 4 semester ,means 6 subjects per semester.
student can manage its subjects to make its own subjects setting for each semester expect first semester.

in first semester,students have 6 subjects
in 2nd semester students can choose 6 subjects.
in 3rd semester students can choose 7 subjects.
in 4th semester students can choose 9 subjects.

its mean students have chance to choose 1 subjects of d-grade or f-grade in 3rd and 3subjects of d-grade or f-grade in 4th semester.

because by this, students can complete its MBA within the time (2 years), with better marks and without pay any extra fee and without any extra semester.

--------
extra semester which called deficiency semester and improvement semester in this semester which university start after getting request from particular student,in which you pay Rs.2000 per month and can choose 9 subjects of d-grade and f-grade in 3rd and 4th semester and remaining unselected subjects(if you have).

------for further guide send email at farahsaleem786@aol.com--------

Course Selection for Fall 2009

2009-09-13T11:42:00.000-07:00

Published On: Saturday, September 12, 2009

Course Selection for Fall 2009

Course Selection will start from Monday September 14, 2009 at 12:00 noon for all the existing students. Students are advised to log on to their LMS and make their selection. The last date of making selection is Friday September 25, 2009.

Note:

Read given rules and regulations carefully before making your selection
To make any change in the selection before the last date, go to Student Services Section of LMS and Click Make Your Course Selection link.
Course selection option is not for newly admitted students
Course selection option is not activated for MS(CS) Students

eco401-lectures 17 to 22

2009-09-13T11:32:00.000-07:00

eco401-lectures 11 to 16

2009-09-13T11:28:00.000-07:00

eco401-lectures6 to 10

2009-09-13T11:26:00.000-07:00

ECO401-LECTURE#1,2,3,4,5

2009-09-13T11:20:00.000-07:00

mba-finance result

2009-09-10T02:44:00.000-07:00

name------

Spring 2007 CS101 Introduction to Computing 53.000 2.20 C
Spring 2007 MGT301 Principles of Marketing 43.000 1.30 D
Spring 2007 MGT501 Human Resource Management 48.000 1.80 D
Spring 2007 MGT503 Principles of Management 48.000 1.80 D
Spring 2007 MTH302 Business Mathematics & Statistics 74.000 3.60 B
Fall 2007 ECO401 Economics 34.000 0.00 F
Fall 2007 ENG301 Business Communication 58.000 2.53 C
Fall 2007 MGT101 Financial Accounting 88.000 4.00 A
Fall 2007 MGT201 Financial Management 66.000 3.07 B
Fall 2007 MGT502 Organizational Behaviour 54.000 2.27 C
Fall 2007 MGT603 Strategic Management 42.000 1.20 D
Spring 2008 IT430 E-Commerce 49.000 1.90 D
Spring 2008 MGT402 Cost & Management Accounting 63.000 2.87 C
Spring 2008 MGT411 Money & Banking 60.000 2.67 C
Spring 2008 MGT613 Production / Operations Management 31.000 0.00 F
Spring 2008 MKT501 Marketing Management 51.000 2.07 C
Spring 2008 STA630 Research Methods 46.000 1.60 D
Fall 2008 CS507 Information Systems 56.000 2.40 C
Fall 2008 ECO401 Economics 47.000 1.70 D
Fall 2008 FIN621 Financial Statement Analysis 67.000 3.13 B
Fall 2008 FIN622 Corporate Finance 54.000 2.27 C
Fall 2008 FIN623 Taxation Management 49.000 1.90 D
Fall 2008 FIN630 Investment Analysis & Portfolio Management 64.000 2.93 C
Fall 2008 FINI619 Internship Report-Finance 71.000 3.40 B
Fall 2008 MGT602 Entrepreneurship 49.000 1.90 D
Fall 2008 MGT613 Production / Operations Management 49.000 1.90 D
Spring 2009 ECO401 Economics 49.000 1.90 D
Spring 2009 FIN623 Taxation Management 68.000 3.20 B
Spring 2009 IT430 E-Commerce 63.000 2.87 C
Spring 2009 MGT301 Principles of Marketing 56.000 2.40 C
Spring 2009 MGT501 Human Resource Management 52.000 2.13 C
Spring 2009 MGT503 Principles of Management 53.000 2.20 C
Spring 2009 MGT603 Strategic Management 55.000 2.33 C
Spring 2009 MGT613 Production / Operations Management 52.000 2.13 C

mba finance-result

2009-09-09T10:39:00.000-07:00

name-not mention

Semester Course Title Score Grade Point Grade
Fall 2007 CS101 Introduction to Computing 63.000 2.87 C
Fall 2007 MGT101 Financial Accounting 76.000 3.73 B
Fall 2007 MGT301 Principles of Marketing 51.000 2.07 C
Fall 2007 MGT503 Principles of Management 48.000 1.80 D
Fall 2007 MTH302 Business Mathematics & Statistics 82.000 4.00 A
Spring 2008 ENG301 Business Communication 71.000 3.40 B
Spring 2008 MGT201 Financial Management 48.000 1.80 D
Spring 2008 MGT402 Cost & Management Accounting 51.000 2.07 C
Spring 2008 MGT502 Organizational Behaviour 51.000 2.07 C
Spring 2008 MGT603 Strategic Management 56.000 2.40 C
Fall 2008 IT430 E-Commerce 66.000 3.07 B
Fall 2008 MGT411 Money & Banking 46.000 1.60 D
Fall 2008 MGT501 Human Resource Management 62.000 2.80 C
Fall 2008 MGT602 Entrepreneurship 60.000 2.67 C
Fall 2008 MKT501 Marketing Management 65.000 3.00 B
Fall 2008 STA630 Research Methods 55.000 2.33 C
Spring 2009 CS507 Information Systems 69.000 3.27 B
Spring 2009 ECO401 Economics 55.000 2.33 C
Spring 2009 FIN621 Financial Statement Analysis 71.000 3.40 B
Spring 2009 FIN622 Corporate Finance 45.000 1.50 D
Spring 2009 FIN623 Taxation Management 68.000 3.20 B
Spring 2009 FIN630 Investment Analysis & Portfolio Management 58.000 2.53 C
Spring 2009 FINI619 Internship Report-Finance 80.000 4.00 A
Spring 2009 MGT411 Money & Banking 73.000 3.53 B
Spring 2009 MGT613 Production / Operations Management 58.000 2.53 C

LOGO DESIGN COMPETITION

2009-09-07T04:14:00.001-07:00

LOGO DESIGN COMPETITION

(Prize money Rs.25000)

Pakistan Business Education Accreditation Council (PBEAC)

www.pbeac.org.pk

PBEAC is an accreditation council approved by Higher Education Commission for accreditation of Business Administration/Public Administration/Management Sciences/ Commerce degree programs. PBEAC is please to invite the students from all business schools to participate in the design of logo. It aims to promote the organization to a wider public and especially to promote value of organization. The PBEAC requires a design idea which can be used to an official logo of PBEAC.

Requirements:

The Logo should meet the following requirements:

The Logo should be custom designed and totally unique
The logo must be identifiable directly to the council.
The logo must be original work of the submitter.
It should work efficiently when reproduced at different sizes, in different media, on different backgrounds and in color or black and white.

Submission Format:

Each submission should include the following information and should be sent to pbeac@hec.gov.pk

University information
Design concept/ description
Softcopy of the Design
Submitters CNIC Number, Full Name, Email Address and Student Registration Number of University/Institute.
Last Date: September 25, 2009

For enquiries contact @ 051-90400208

Postal Address:

Room # 204-A,Pakistan Business Education Accreditation Council, Higher Education Commission, H-9, Islamabad.

INVITATION TO PARTICIPATE IN OSS PROJECTS

2009-09-07T03:20:00.000-07:00

Dear students, as you may know that VU is working on some OSS projects. Students are also invited to participate in these projects. Its purpose is to equip you people with some analytical and programming skills and tips by working with highly skilled persons of the community of selected OSS project(s).

Students of BS (CS) and BS (IT) who are going to enroll in 6th semester in fall 2009 are invited to apply to participate in one of the following projects. You can avail the following benefits by participating in these projects.
VU would give a stipend of Rs. 1500 to students having 3.0 or more then 3.0 CGPA and Rs. 1000 to students having CGPA below 3.0.
The selected project would be your final project which the students usually take in the 7th semester as CS619. It means the students who decide to participate in one of the offered projects would not have to do a separate project as their final project to complete their degree.

Currently we are working on two open source projects: 1) Adempiere ERP and 2) Hipergate CRM. Click here to learn about these projects.

Published On: Monday, September 07, 2009