Articles by Member (Account Deleted)

Examination approach to auditing

Member (Account Deleted) 27 January 2011 at 10:49

Auditing, though a theory subject, requires a minimum practical exposure to understand and apply the principles and procedures in the examination. Mere bookish knowledge will only help to score the minimum marks, which will not contribute to the aggr

Common Time Wasters

Member (Account Deleted) 12 January 2011 at 12:06

Common Time Wasters Self Generated Time Wasters The most common self-generated time wastes fall into three categories - lack of organisation, procrastination, and the inability to say no. You may have others on your list. Disorganisation Diso

Survey Operations U/s 133A of the Income Tax Act

Member (Account Deleted) 04 January 2011 at 11:59

Survey Operations U/s 133A of the Income Tax Act Surveys u/s 133A of the Income Tax act, 1961 are made by Income Tax Department regularly. Survey is different than search and seizure operation which is commonly known as income tax raid. But wh

TYPES OF FINANCIAL ANALYSIS

Member (Account Deleted) 14 November 2009 at 12:13

TYPES OF FINANCIAL ANALYSISFinancial statements are analysed by different parties for different purposed. The analysis is done from different angles. Accordingly, we can classify financial statement analysis into different categories as follows:1.

VOUCHING IS THE ESSENCE OF AUDITING

Member (Account Deleted) 05 November 2009 at 19:49

VOUCHING IS THE ESSENCE OF AUDITINGVouching is said to be the very essence of auditing. The whole success of an audit depends on the intelligence and thoroughness with which this part of the work is done.Vouching means the verification of entries in

DEPRECIATION - A SOURCE OF FUND OR NOT

Member (Account Deleted) 30 October 2009 at 14:09

DEPRECIATION – A SOURCE OF FUND OR NOTv Arguments in favour of considering it as a source of fund1. Depreciation is considered as an expired cost. It is included within cost of goods sold. It is an allocated cost which is realised when go