Accounts Articles

Sanctity of Accounting Standards

Rahul Tibrewal 20 March 2008 at 23:42

Under section 145 of the Income-tax Act, 1961, certain accounting standards have been made mandatory while computing the taxable income. However, this has been challenged by certain Companies on the ground that the mandatory provision is unconstituti

Custodian Guidelines of Petty Cash

Deepak Maithani 08 March 2008 at 15:06

PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h

EVA

Rahul Tibrewal 14 February 2008 at 13:42

EVA (Economic Value Added) EVA (Economic Value Added) was developed by a New York Consulting firm, Stern Steward & Co in 1982 to promote value-maximizing behaviour in corporate managers (O'Hanlon. J & Peasnell. K, 1998). It is a single, value

The importance of Accounting

Aisha 05 January 2008 at 17:27

The Importance of Accountancy Asish K Bhattacharyya Initially,when I started to teach at a reputed business school, I was dismayed bythe fact that an average MBA student who does not want to specialise inFinance is quite happy if she can obtain a

Accounting savvy a ticket to the world

CA Nikita 10 October 2007 at 18:48

Now with Engineers Without Borders, Malcolm McArthurchose a profession that took him from Kabul to the streets of Rio deJaneiroFunny, that a man with a mind for mathematics should end up living his life guided by serendipitous signs.Thefirst sign cam

Accounting for Employee Stock Option Plan [ESOP]

CA. Rayan Sequeira 06 October 2007 at 16:15

Securities and Exchange Board of India issued ESOP guidelines in 1999. The idea behind this was to reward and motivate employees for their commitment and hard work. SEBI defines employee stock options as ¡§option given to the whole-time directors, of

Win or Loose The option is Your's

CA. Rayan Sequeira 06 October 2007 at 16:15

The turnaround in the Indian economy has paved way for new & sophisticated Financial instruments to mark their arrival on the scene, thereby broadening the "Investors' Basket". In the year 2000, the Indian capital markets welcomed one of such ins

Exposure draft on AS 12

CA. Rayan Sequeira 06 October 2007 at 16:15

The Institute of Chartered Accountants of India (ICAI) has come up with the exposure draft on AS 12(revised). AS 12 (exposure draft) deals with accounting for Government grants and disclosure of Government assistance. AS 12 deals with the accounting

Accounting as a "Language of Business"

CA. Rayan Sequeira 06 October 2007 at 14:15

Accounting as a "Language of Business" communicates the financial results of an enterprise to various users. It is pertinent that in order to evaluate the financial results of the enterprise one has to compare the financial status of an entity with

AS 28 impact on OIL & GAS companies

CA Nikita 04 October 2007 at 01:12

D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair

Accounts Articles

Sanctity of Accounting Standards

Custodian Guidelines of Petty Cash

EVA

The importance of Accounting

Accounting savvy a ticket to the world

Accounting for Employee Stock Option Plan [ESOP]

Win or Loose The option is Your's

Exposure draft on AS 12

Accounting as a "Language of Business"

AS 28 impact on OIL & GAS companies

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