Accounts Articles

A b-indas Journey into IndAS Part 1

MANOJ 23 September 2015 at 11:07

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

Ind-AS: convergence with IFRS: GAAP GAPS summarised

rajkumar jain 16 September 2015 at 10:51

The MCA had issued a notification dated 16 February 2015 announcing the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Indian Accounting Standard (Ind- AS).Ind-AS are converged IFRS and applicable in a phased manner to India

Ind AS - A convergence to IFRS. Whether a Nightmare?

P.R. Sethuraman 12 September 2015 at 11:25

It is not an article on procedures and technicalities of IFRSs but a generic one for a common man who is more concerned with results than with accounting intricacies and sophistications. The term IFRS has four components �International- Financi

Yuan - Depreciation; Is a Trick?

SAMIR 04 September 2015 at 10:50

It was not surprise for many who were expecting devaluation of Chinese Currency Yuan, however for them also the magnitude of devaluation was surprise. Yuan has weaken by 4.0 % against US $ within a period of two days. Market across the world has take

Concise Note on CSR

Asif Ali 08 August 2015 at 11:22

NOTE ON CSREligibilityEvery company (Private or Public) having Networth of Rs. 500 Crore or more or Turnover of Rs. 1000 Crore or more or Net profit of Rs. 5 Crore or more in any of the 3 preceding Financial years. (Circular 18 June by MCA)Board Cons

Know your Accounting Standards

Prateek Jain 25 July 2015 at 17:28

Accounting Standard -15�Employees Benefits�Accounting Standard-15 issued by Chartered Accountants of India is mandatory in nature and has partial exemptions for level �II/III and Small and Medium companies.The objective of this Stan

Accounting as per AS 11 - A Special Case

Yash Goyal 11 July 2015 at 11:16

Facts of the CaseA foreign currency loan has been obtained by the company for financing Plant & Machinery, a depreciable fixed asset. The principal portion of the said loan is fully secured by entering into twelve forward contracts for the instal

BI tools help accountants and financial pros to better serve customers and partners

Arbuda Dave 05 June 2015 at 10:43

So, you�re an accountant, or financial professional? You can analyze a spreadsheet with the best of them. You can credit and debit with and you explain any portfolio, chart of accounts, balance sheet or P&L to any client. You may think that

Financial Shenanigans

Simerjeet 29 May 2015 at 11:38

Financial Shenanigans includes aggressive or creative accounting, window dressing and accounting frauds with an intent to create a wrong impression about the financial performance and health of the enterprise. Dishonest compani

Social Accounting & its importance

CA Amrita Chattopadhyay 28 May 2015 at 10:24

Social accounting is a way of demonstrating the extent to which an organization is meeting its stated social or ethical goals. Technically, the term �social accounting� or �social auditing&rdqu