Accounts Articles

"dynamic current ratio"

Rahul Gupta 22 March 2008 at 21:09

In this article, we'll examine the "dynamic current ratio" to assess a company's liquidity status instead of the static but commonly used current ratio. It is often calculated alongside the quick ratio and the cash ratio, to provide analyst

International Financial Reporting Standards

CA. Amit Daga 21 March 2008 at 18:23

International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) the new avatar of International Accounting Standards (IAS) are issued by International Accounting Standards Board (IASB). This role was earlier discharged b

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