Accounts Articles

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

A Critique on Equating Growth in Market Indices To Returns

CA. Nirmal Ghorawat 10 April 2013 at 12:14

Why equating the Compounded Annual Growth Rate [CAGR] of market indices, BSE Sensex or NSE CNX Nifty, with returns to an equity investor is a material misstatement, particularly if it is a long period of time? I have often come across perceivably

Practical aspects of financial closure for a Project (Part-1)

CMA Ramesh Krishnan 08 April 2013 at 12:29

Practical aspects of financial closure for a Project (Part-1) Project Financing Module: In the Finance field Project financing is playing great role. Under various financing options for various businesses and industries, Project finance is diff

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11

Nirmal Shah 29 March 2013 at 11:26

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11 Press release for External Commercial Borrowings (ECB) is as below: External Commercial Borrowings (ECB): Repayment of Rupee loans A.P. (DI