Accounts Articles
Accounting as per AS 11 - A Special Case
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
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
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
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
Consolidation of accounts for private limited companies
It is believed that to get correct picture of financials of a business, the financials of the subsidiaries & joint ventures of the company should be analyzed together. On this premise the concept of consolidation of accounts is devised & is t
Cost control and cost reduction
Cost accounting has been defined as �that branch of accounting which deals with the classification, recording, allocation and summ
Indian accounting standards converged with IFRS (Ind AS)- An Overview
The world is getting smaller and smaller,globalization has made it possible to accept the world as one market. For better understanding of the business reporting and consistency in accounting policies, there was an urgent need to align to one global
Material Procurement - Inventory levels & EOQ
Material Procurement Inventory Levels & EOQAn important function of Stores is to requisition materials for replenishment. The following tools help Stores to maintain required inventory and to guide on reorder quantity:Let us discuss each
Introduction of IND AS Framework
Framework for preparation and presentation of financial statements in accordance with IND AS Purpose Sets out the concepts for preparation and presentation of financial statements in accordance with IND AS Assist in development of future Indian Acc
Stage now set for implementing Accounting Standards converged with IFRS
Ministry of Corporate Affairs has finally announced the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Accounting Standards converged with IFRS. A notification in this regard has been issued on 16th February, 2015. Important
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