Accounts Articles

Accounting Standards - A summarized application

Shivam Gupta 06 July 2013 at 12:25

Framework of Accounting Standard: At the outset, with the changing scenario, there has arisen a great complexity in understanding the applicability of accounting standards apart from understanding the text of accounting standards. Thus, it has b

Basic aspects for preparation of Projected Financials

CMA Ramesh Krishnan 24 June 2013 at 12:33

Basic aspects for preparation of Projected Financials Introduction: How to prepare the projected financials to submit for bank funding is the basic work should learn by the person handling finance. It is a basic step before approaching bank funding

Forex Market in India

Deepak Surana 20 June 2013 at 11:45

BASIC INTRODUCTION OF INDIAN ECONOMY India has seen a systematic transition from being a closed door economy to an open economy since the beginning of economic reforms in the country in 1991. These reforms have had a far-reaching impact and have h

A brief on calculation of revenue in case of real estate developers

CA Pawan Kumar 17 June 2013 at 11:56

BackgroundThe term 'real estate' refers to land as well as building. This Guidance Note issued by the ICAI has recommended principles for recognition of revenue aris

Basic understanding of an EPC Contract

CMA Ramesh Krishnan 21 May 2013 at 11:59

Introduction: EPC contract is a very popular type of contract in the contact management module. Full form of the word EPC is Engineering, Procurement & Construction. EPC module contract mostly used in inf

Overview of Revised Format of Auditor's Report

Rahul Sethia 16 May 2013 at 14:01

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar

Financial Intelligence Unit (India)

Reena Kewat 16 May 2013 at 12:00

FINANCIAL INTELLIGENCE UNIT (INDIA) A NEW STEP TO CONTROL MONEY LAUNDERING Introduction Money Laundering has always been a matter of discussion for government of all the countries. Money laundering is the process of conce

Capitalization of Borrowing Cost

CA Prashant Gupta 15 May 2013 at 12:22

In this competition market mostly business work on borrowed funds. Finance has the work to arrange and utilize the funds. But after this Q is raised, when this borrowing cost will be capitalized and when it is charged to revenue. AS-16 deals with th

Practical aspects of Financial Closure for a Project (Part-2)

CMA Ramesh Krishnan 16 April 2013 at 12:51

Practical aspects of financial closure for a Project (Part-2) Debt finance: Means of project finance contains the combination of Equity Debt for the project proposal which may requires procuring the project capex items for make the

Infrastructure Financing

Dr. Anand Wadadekar 11 April 2013 at 12:05

At INFRASTRUCTURE FINANCING NEED OF MORE EFFECTIVE WAYS ABSTRACT Infrastructure sector in India has not been able to perform to its full capacity, majorly due to the Government red tapes, lack of funds and very long gestation perio