Accounts Articles

What is my worth?

Guest 25 January 2013 at 18:13

This article was originally posted on the Learning infinite blog on 27 December 2012) - http://www.learninginfinite.com/blog/2012/12/27/what-is-my-worth/ Article as follows: I am sure you know what a balance sheet means. A Bala

Financial Ratios - An Important Analysis Tool

CA AJIT YADKIKAR 25 January 2013 at 18:12

FINANCIAL RATIOS AN IMPORTANT ANALYSIS TOOL Financial analysis of any organization is collection, study, evaluation, interpretation, and presentation of financial data to assist various types of decision making. This analysis is useful t

A Small Note on Related Party Disclosure

CA Prashant Gupta 17 January 2013 at 12:39

A Small Note on Related Party Disclosure Sometimes relation between two or more enterprises effects the arm length price transactions between them. To know the effect of this relation on financial statement, one must know this relation. For this p

Utility of Cloud Computing for Accounting & Taxation Firms

CA D. Singhal 10 January 2013 at 11:45

Utility of Cloud Computing for Accounting & Taxation Firms In the present day business functions and financial activities technology acts as a major requisite. Technology has changed the ways we exchange financial information and presentat

Hedge Accounting for Foreign Currency Firm Commitments

Sanjay Chauhan (IFRS) 07 January 2013 at 11:45

In Continuation of my previous article.. Application of AS 30 under existing Indian GAAP as per ICAIs announcement: ICAI wide its circular dated 11th February 2011, has clarified that in respect of the financial statements or other financial

Hedging Foreign Currency Firm Commitments

Sanjay Chauhan (IFRS) 03 January 2013 at 12:41

Introduction Institute of Chartered Accountants of India (ICAI) had come out with an announcement in February 2011, on Application of AS 30, Financial instruments: Recognition and Measurement. It was clarified that the prepares of Financial S

Concept of Project Costing

CMA Ramesh Krishnan 31 December 2012 at 12:33

Concept of Project Costing Introduction: Costing of an each product or activity will differ from product to product and activity to activity. But the concept of the costing is same for all type of costing whether Product costing or Service costing.

Transfer Price in Advanced Management Accounting

CA Roopak Singh 14 December 2012 at 11:45

Transfer pricing comes into use when various divisions of a company deal with one another. A transfer price is that notional value at which goods and services are to be transferred by the supply division to receiving division. The goods that are pro

Summary of AS 18

CA Chirag Haraniya 11 December 2012 at 11:39

Crux of AS - 18 : 1. The objective of the accounting standard is greater transparency and disclosures with regard to related party relationship by the reporting entity. 2. Related Party relationships arise on either of the two below: a)

IFRS 3 and Goodwill

Sanjay Chauhan (IFRS) 08 December 2012 at 11:50

Introduction: With the introduction of revised schedule VI, India has shown its intent to Converge Indian Accounting Standards (Ind AS) with International Financial Reporting Standards (IFRS) read with 41 International Accounting Standards (IAS) and