The local farm is not accessible. Cmdlets with FeatureDependencyId are not registered.

When I was trying to run SharePoint Management Shell, I was getting following error: 1- The local farm is not accessible. Cmdlets with FeatureDependencyId are not registered. 2- Microsoft SharePoint is not supported with version 4.0.30319.17929 of the Microsoft .Net Runtime. I found solution on microsoft support Link

Resolution is is to change the Target field value from SharePoint Management Shell:

1. Click Start, and then right-click SharePoint 2010 Management Shell.
2. Click Properties.
3. Click the Shortcut tab in the SharePoint 2010 Management Shell Properties window.
4. Input the following value in the Target field:
   
   C:\Windows\System32\WindowsPowerShell\v1.0\powershell.exe -Version 2.0 -NoExit " & ' C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\CONFIG\POWERSHELL\Registration\\sharepoint.ps1 ' "

Note:- For SharePoint 2013, We need to replace 14 with 15.

And Its Done.