Articles by CA Lalit Mohan Agarwal

IAS 39 HEDGE ACCOUNTING ( IN A DIFFERENT FORMAT )

CA Lalit Mohan Agarwal 21 August 2009 at 12:37

IAS 39 Financial Instruments: Recognition and Measurement Issued in March 1999 Revised in December 2003 Recent amendment: by IFRS 3 revised in January 2008 Financial Instruments

AS 30 HEDGE ACCOUNTING

CA Lalit Mohan Agarwal 30 July 2009 at 16:54

ACCOUNTING STANDARD (AS) 30Financial Instruments: Recognition and MeasurementHedge accounting Definitions Relating to Hedge Accounting 8.14 A firm commitment is a binding agreement for the exchange of a specified quantity of resources at a specifie

Back to basics on street

CA Lalit Mohan Agarwal 25 July 2009 at 13:35

The Budget day, the sensex tanked 6% and gilt yields rose 30 basis points. The markets seemed to be repelled by P. Mukherjee’s budget. In fact, the budget does a good job of dealing with a Great Recession. That is a substantial achievement, not

Tax Deduction at Source

CA Lalit Mohan Agarwal 23 July 2009 at 13:43

Tax deduction at source is a method of collecting taxes on behalf of the Government at the time of payment or credit. The Income-tax Act casts a legal responsibility on the deductor to deduct tax on the correct amount, at the correct rate and deposit

US credit card reform bill

CA Lalit Mohan Agarwal 20 July 2009 at 17:28

INTERNATIONAL US credit card reform bill US President Barak Obama signed into law sweeping reforms that restrict credit card interest rates and fees, making a victory for Democrats trying to help recession-weary consumers. US President Barak

TAX UPDATES

CA Lalit Mohan Agarwal 10 July 2009 at 20:40

1 TAX UPDATES 1. Black money hunt begins The government has made the first move to track down individuals and entities that have slashed away black money in offshore banks. Th

SECURITY LAWS UPDATES

CA Lalit Mohan Agarwal 10 July 2009 at 20:40

2 SECURITY LAWS UPDATESThe ingenious ways to outsmart regulators It is a cat and mouse game being played out on the bourses with market regulator Sebi acting the cat’s part and the

EARNING PER SHARE as per AS 20

CA Lalit Mohan Agarwal 29 June 2009 at 23:37

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How Markets really work

CA Lalit Mohan Agarwal 28 June 2009 at 14:34

2.1 STOCK MARKETS Explore a framework for how markets really work The prevailing paradigm for financial markets that markets tend towards equilibrium and deviations from it are random i

VALUE ADDED STATEMENT

CA Lalit Mohan Agarwal 25 June 2009 at 16:36

Value Added Statement Value Added Statement may be called the part of the development in the financial reporting but the concept of Value Added is considered old. Accountants in UK have periodically deliberated upon that the concept should be incorp