The Toothless ICAI ????...
Posted on 12 February 2009 | Category:
Others | 215 views | View Video
When we discuss deferred tax liability (DTL) and deferred tax asset (DTA), we should clearly imagine there are two “sheets”. On the left is the income statement (representing the accounting side, GAAP) and on the right is the tax return “statement” (representing what the government sees).
We know that for a company, it has to pay tax based on “income = revenue – expenses”. Here the expenses include the depreciation of the assets. DTL and DTA are the results of using different depreciation methods in the accounting statements and the tax returns!
see more description at
http://minute-class.com/finance/deferred-tax-liability-dtl-basics/...
Posted on 10 February 2009 | Category:
Accounts | 2279 views | View Video
INVESTING DURING SLOWDOWN...
Posted on 05 February 2009 | Category:
Others | 539 views | View Video
Obama calls recession a disaster...
Posted on 01 February 2009 | Category:
Shares & Stock | 1307 views | View Video
good for all...
Posted on 01 February 2009 | Category:
Students | 610 views | View Video
The global economic downturn is fast turning into a global unemployment crisis. That seems to preoccupy leaders gathered for the World Economic Forum at the Swiss mountain resort of Davos. NDTV Profit spoke to Commerce Minister Kamal Nath, who's heading the Indian delegation....
Posted on 01 February 2009 | Category:
Others | 387 views | View Video
Global layoffs hit India as well ...
Posted on 01 February 2009 | Category:
Others | 472 views | View Video
Students in India graduating this year are feeling the chill of the global economic slowdown. As jobs continue to dry up, even those who have managed to get employed, will feel an uncertainty. The International Labour Organisation has warned of major job cuts this year, and India will have to feel the brunt of it. A case in point is management graduate Pooja, for whom it's a wait and watch game now....
Posted on 01 February 2009 | Category:
Others | 515 views | View Video
Satyam attracts more potential suitors...
Posted on 01 February 2009 | Category:
Others | 466 views | View Video
Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics befo... ...
Posted on 30 January 2009 | Category:
Others | 545 views | View Video
The Enron scandal of October 2001 had brought not only the management under scanner, faced with angry investors and prosecutors, but also its accounting firm Arthur Andersen. Now, with Satyam's chairman confessing to fraud, the spotlight turns on auditing firm PricewaterhouseCoopers that seems to have missed out huge craters in Satyam's books. ...
Posted on 30 January 2009 | Category:
Others | 548 views | View Video
So how is it that such huge accounting anomalies went unchecked when Satyam accounts went through auditing? The Institute of Chartered Accountants of India (ICAI) will constitute a committee to look into this. ...
Posted on 30 January 2009 | Category:
Others | 442 views | View Video
Disgraced former Chairman of Satyam, Ramalinga Raju, received a setback on Monday when a Hyderabad court deferred the hearing on his bail plea till Friday. Now, preparing to fight the legal battle on his behalf is a team of 25 lawyers. "There are some eminent seniors among the 25 member lawyer team but I can't reveal the names now," said Raju's Counsel Bharat Kumar. ...
Posted on 30 January 2009 | Category:
Shares & Stock | 1314 views | View Video
IIMA documentary...
Posted on 28 January 2009 | Category:
Others | 613 views | View Video
The six-member Board of Satyam will begin a crucial two-day meet in Hyderabad on Thursday in an effort to steer the company away from the current crisis following the Rs 7,800 crore financial fraud. The meeting is the third since the disclosure of the fraud by its head Ramalinga Raju. The Board has the important task of appointing Chief Executive Officer and Chief Financial Officer, the two key posts being looked at for reviving the company....
Posted on 28 January 2009 | Category:
Others | 441 views | View Video
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