Accounts Articles

Convergence to Ind AS 16 : Property, Plant & Equipment

Sanjay Chauhan (IFRS) 15 November 2012 at 12:41

Introduction India has principally agreed to converge to IFRS by implementing Revised Schedule VI, being the first constructive step in the journey. Let us appreciate the requirements of accounting for fixed assets in specific under Ind AS (ie IFR

Merger and Acquisition basics

Member (Account Deleted) 02 November 2012 at 15:59

Merger & Acquisitions Merger refers to a situation where two or more existing firm combine to form a new entity either a new firm is incorporated or one of the existing firm survives and another is merged with it. Acquisitions and takeover r

Accounting for Service Tax under point of taxation regime

Member (Account Deleted) 25 October 2012 at 11:17

Back-ground The Ministry of Finance has brought into force the Point Of Taxation Rules 2011 from July 2011. Although it has been nearly a year since these rules have been brought into eff

Finalization of Balance Sheet (Part - III)

SANYAM ARORA 17 October 2012 at 11:43

Greetings of the day to all the members of CCI Family. So friends this is the final part of my series i.e. Finalization of Accounts. The links of my previous Article are given below:- FINALIZATION OF BALANCE S

Various methods of Project finance

Sumit Jaiswal 17 October 2012 at 11:43

Introduction: For whom is it important to understand project finance? Financial managers Sponsors Lenders Consultants and practitioners Project managers Builders Suppliers Engineers. Researchers Students.

Short Note on Financial Analysis and Planning

Ajay Mishra 15 October 2012 at 11:42

The basis of financial analysis, planning and decision making is financial information. A firm prepares final accounts viz. Balance Sheet and Profit and Loss Account providing information for decision

XBRL Filing of Financial Statements

CS DHANAPAL 13 October 2012 at 13:14

SECTION A XBRL FILING OF FINANCIAL STATEMENTS XBRL is the acronym for Extensible Business Reporting Language. As the name itself suggests, it is a language for presentation of data which permits easy analysis and interpretation thereby r

Accounts Payable Process

Ki$hor B 12 October 2012 at 12:08

I was puzzled when my colleague, a new joiner, came up and said I find the Accounts Payable process a double dutch, payments made by cheque should be easy peasy (lemon squeezy). I peeped into his educational background and found him

Treatment of Proposed Dividend under Revised Schedule VI

MOHAMMAD SALIM 12 October 2012 at 12:07

A) INTRODUCTION Revised Schedule-VI has been promulgated by Ministry of Corporate Affairs, Government of India vide Notification No S.O. 447(E) dated 28th February,2011. In said notification reference has been made to the Accounting Standards noti

Taxation Entries

Member (Account Deleted) 11 October 2012 at 13:06

The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax. [1] Provision for In