Accounts Articles

Books of account

Member (Account Deleted) 04 May 2016 at 10:48

Books of Account etc. to be kept by CompanySection 128 of Companies Act, 2013Rules 2A, 3 & 4 of Companies (Accounts) Rules, 2014Sub-section 1 states1. Place of keeping Books of account -Books of account + other relevant books and papers + financi

Related Party disclosure under IFRS

CMA Ramesh Krishnan 25 April 2016 at 10:59

Current business scenario, the related party relationship are normal feature of any business, It may be through subsidiaries, joint ventures and associates, these kind of business arrangements generally affect the b

Hedge Accounting as per IND-AS

Rahul Magan 01 April 2016 at 10:59

Purpose of the Article:- Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a fi

Heads Up, Financial and Accounting Pros! Business Intelligence Tools Make a Difference

Arbuda Dave 26 February 2016 at 10:59

Every organization has to juggle information. Information and data come from every corner of the enterprise, and can include databases, data warehouses, best-of-breed systems, legacy systems, and specialized systems like ERP, HR, Finance, Accounting,

Accounting for Amalgamation(as per AS-14)

RINKU GAUR 18 January 2016 at 10:54

Accounting for Amalgamation(AS-14) In general meaning Amalgamation implies blending of two or more existing entities into one, during the blending process blended entities losing their identities and forming into one separate legal entity having its

Financial statements under IFRS

CMA Ramesh Krishnan 03 October 2015 at 13:20

International Financial reporting standards (IFRS) is the current trending subject in the finance field. The purpose of preparation of financial statement not only to know the results of the business and also to check,

A b-indas journey Part 4: IND AS 1

MANOJ 28 September 2015 at 10:44

Hi!The journey is now going to get juicier as we now step into the accounting standards!The first one in the row will be Ind AS1 �Presentation of Financial Statements�. If your insides are shouting that the first one is Ind AS 101 &ldquo

A b-indas Journey into IndAS Part 3: The framework

MANOJ 25 September 2015 at 10:57

Hi there!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme ofthings. This is the third in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get the

A b-indas Journey into IndAS Part 2: The numbering

MANOJ 24 September 2015 at 11:58

Hi there!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme ofthings. This is the second in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get th

Consolidation of Financials under IFRS

CMA Ramesh Krishnan 23 September 2015 at 11:07

Introduction: Under Globalised scenario, the boundaries of the business crossed the beyond from one county to many countries during the last two decades, at the same time business risk is also increased the same