Accounts Articles

Provision and Payment of Gratuity is Mandatory

CA Sitaram Agrawal 08 May 2009 at 15:28

This Act is enacted to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway compani..

IFRIC- Interpretation of IFRS

CA. Amit Daga 29 March 2009 at 14:41

Dear All,In india for all Accounting Interpretation we have ASI (Accounting Standard Interpretation) in line of that in IFRS there is also some Interpretation which is known as IFRIC- International Financial Reporting Standards Interpretation Commit

Some Differences between IFRS and AS

CA. Amit Daga 26 March 2009 at 17:56

Differences v DividendsØ Dividends are classified as a financial liability and are reported in the income statement as an expense. If dividends are declared subsequent to the balance sheet date, it is not recognised as liability. (I

IFRS Challenges

CA. Amit Daga 24 March 2009 at 23:15

IFRS - Challenges n Major Challenges : v Shortage of Resources With the convergence to IFRS, implementation of SOX, strengthening of corporate governance norms, increasing financial regulations and global economic growth, acc

IAS 32 Financial Instruments

CA. Amit Daga 24 March 2009 at 23:04

IAS 32 Financial Instruments - Definition v A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entityv The financial instr

Why IFRS.. Introduction

CA. Amit Daga 22 March 2009 at 16:33

Why IFRS? Ø Numero-uno accounting framework with global acceptance.Ø Business going global, more cross border transactionØ Access to international capitalØ Single global financial reporting language&O

List of IFRS

CA. Amit Daga 22 March 2009 at 02:32

The following IFRS statements are currently issued:IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale an

Accounting Ratios

CA.Tarun Maheshwari 11 February 2009 at 12:30

To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency ..

Message from President

Ankit Kejriwal 10 February 2009 at 15:38

My dear professional colleagues, This is my first communication from me to you all, after having taken over the reigns of the Institute yesterday a..

IFRS

KUNAL AGRAWAL 05 February 2009 at 00:14

I. Introduction :1. These are challenging times in many respects. A global financial meltdown in which India cannot escape without hurt, a gruesome terrorist at..