Sie sind auf Seite 1von 19

BY SRINIVAS.

DAMERA 8NBHD009

Assets are grouped into various categories, such as land buildings plant and machinery vehicles furniture and fittings goodwill patents trade marks and designs.
1)

2. This standard does not deal with the specialized aspects of accounting for fixed assets that arise under a comprehensive system reflecting the effects of changing prices but applies to financial statements prepared on historical cost basis. 3. This standard does not deal with accounting for the following items to which special considerations apply: (i) Forests, plantations and similar regenerative natural resources; (ii) Wasting assets including mineral rights, expenditure on the exploration for and extraction of minerals, oil, natural gas and similar non-regenerative resources; (iii) Expenditure on real estate development; and (iv) Livestock.

4. This standard does not cover the allocation of the depreciable amount of fixed assets to future periods since this subject is dealt with in Accounting Standard on Depreciation Accounting. 5. This standard does not deal with the treatment of government grants and subsidies, and assets under leasing rights. It makes only a brief reference to the capitalization of borrowing costs and to assets acquired in an Amalgamation or merger. These subjects require more extensive consideration than can be given within this Standard.

The telecom industry of India has registered manifold growth in the recent years. Personalized telecom access is essential necessity of life for increasing number of the people. The sector offers unlimited prospects when we consider future growth. Both Public Players and Private Players are enhancing their technologies and taking the telecom industry to a much higher growth state. Not only service providers but also handset manufacturers are contributing significantly to the industry and economy of India. TTSL is the main player of this industry. The main competitor for the TTSL is Reliance communication, because rest of the player deals with mostly GSM while R-Com and TTSL deals with CDMA and GSM.

Reliance Communications Limited Bharti Airtel Limited BSNL MTNL Vodafone Idea Cellular Limited Tata Teleservices Aircell

Company Name Bharti Airtel Vodafone BSNL Idea Aircel Reliance Spice MTNL BPL

Percentage of Market Share 31% 23% 19% 12% 6% 4% 2% 2% 1%

Company name Reliance Tata teleservices BSNL

Percentage of Market Share 56.70% 35.58%

06.70% 00.44% 00.41% 00.16%

HFCL MTNL Shyam

The Tata Group is a multinational conglomerate based in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private corporate group in India and has been recognized as one of the most respected companies in the world over the years. Steel Automobile Information Technology Communication Power Tea and Hotels The Tata Group has operation in more than 90 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 98 companies in seven business sectors, 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in Charitable Trusts.

Company Vision: Trusted service to 100 million happy customers by 2011 Company Mission: To empower every Indian to connect with the world affordably Company Values: Fairness through meritocracy Trusted based on accountability Tenacity for results Pioneering spirit Excellence in execution Leadership with humility

Fixed assets are assets those assets which are permanent in nature and are held for use in business activities and not for sale. TTSL having the following Main Asset Class and Sub Asset Class:
Asset Class FABLDG FALAND FAGDWL FALHIM FAPLMC FAFUFT FAVECL Asset Class Description BUILDING LAND GOODWILL LEASEHOLD IMPROVEMENTS PLANT & MACHINERY FURNITURE & FITTINGS VEHICLE

Asset Class CWBLDG CWLAND CWLHIM CWPLMC

Asset Class Description CWIP-BUILDING CWIP-LAND

CWIP-LEASEHOLD IMPROVEMENTS CWIP-PLANT & MACHINERY CWIP-FURNITURE & FITTINGS

CWFUFT

Cell Sites/ POI sites/Regenerator Sites

Outside Plant
Network Interface Unit (NIU) PTB Branded Retail SPARES Tools & Test Kits Assets Disposal & Retrials

The Review of Literature throws the light towards different aspects like:

The 1st abbreviations explain the companies particular code for the asset of building in the TTSL. Every different company have some different codes for their assets in the respective fields like

FABLDG

BUILDING

The below it is mentioned the asset class and sub asset class and it explains the Sub-asset class description.
Asset Class FABLDG FALAND Sub-Asset Class BLDG LAND Sub-Asset Class Description BUILDING LAND

The NET WORK ASSETS Explains about the Cell Sites/ POI sites/Regenerator Sites. In TTSL Company Every month end declaration from respective Circle Network needs to be taken for the assets declared ready for Service (RFS) and deployed at sites with complete quantity and configuration wise details. In the TTSL Certificates to be duly certified and collected from Network Team for Record Purpose and Audit Compliance and supporting. In TTSL every Issues needs to be cross verified in SAP and to be reconciled for Material Part. In TTSL Company There is a systematic way for the network team to approve the assets in the organization there can be a particular process is to be done

There are reconciliation of net work certification and system issues lying in assets and prior to capitalization. Settlement of imported assets should be due care should be taken by valuation part to ensure the duty. Multiple assets should not be considered as one asset. For non issuance of materials in SAP, circle SCM to be duly intimated for booking consumption .if is lying in Inventory. In TTSL there is out side plant also there in this every month ready for services (RFS) should be certified by the network team for the record purpose and audit compliance. Net work interface unit needs to be capitalized and model wise and it should be marked in the AMR(asset No.) while carrying out the settlement from Asset Under Construction to Fixed Asset, And NIU consumption in SAP.

PTB NIU needs to be capitalized taking into consideration points 1 to 5 aforementioned. Should be capitalized. All the assets pertaining to PTB an i.e. booth, antennae is also be capitalized. RFS status for true value HUB true value COCO & fulfillments centers should be taken from branded retail team. Spares intended to be used only for an item of fixed asset over a period not exceeding the life of that fixed asset. Tools & test kits issued to be project consumption. And lying in capital inventory and intimating SCM and capitalized. Physical control over tools and test kits should be lying the circle network team. Assets disposal & retrials supported by chart authorities.

Methodology: Data Collection Methods: i. Primary data ii. Secondary data