Accounts Articles

IFRS- Impact on Country's GDP

CA S.SAIRAM 02 April 2012 at 11:17

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Basic - Operating and Finance Lease

RAHUL GANDHI 31 March 2012 at 14:52

LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor

About Revised Schedule VI

Naveen Chand Khulve 31 March 2012 at 14:52

Ministry of Corporate Affairs has amended the schedule VI which is required to be implemented by the companies from Financial Year 2011-12 along with regrouping last year figures. Following are the changes in Revised Schedule VI.

Costing for Service sector - An overview Part-1

CMA Ramesh Krishnan 12 March 2012 at 18:20

Costing for Service sector An overview- Part-1 Introduction: Costing is a typical process in each and every sector. It is a very important area to concentrate for all the sectors. Not like earlier only Manufacturing industry apply Costin

Salient Features Of IAS 16: Property, Plan and Equipment

subodh kumar 12 March 2012 at 12:00

IAS 16 pertains to the Property, Plant and Equipment: - their accounting treatment, recognition and determination of their carrying amounts, depreciation charges and impairment losses. Some of the major points of this standard with reference to the

Accounting Standards in IPCC Exams

Abhimanyu Bind 03 March 2012 at 13:30

Hi, friends. Hope you all are busy in revisions for your IPCC/PCC Exams. Till now, you have done all chapters of Account subjects. But here, the purpose of writing this Article is to pay your attention on a very important part of Account Sylabus, y

Shares held as investment & Shares held as Stock-in-Trade

Anooj 01 March 2012 at 12:27

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction 1.The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capit

PCC Preparation Style

*RENU SINGH * 28 February 2012 at 11:37

Hello everyone. Good morning. Accounts is totally practical exam. But still contain theory and theory questions repeat everytime. So I really request to all of you to please complete the compiler and read the paper's theory till year 2000.

Accounting Frauds

Vijay Kalia 24 February 2012 at 12:04

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl

Human Resource Accounting

CA Prashant Gupta 16 January 2012 at 12:23

Human resource are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but you cannot stop employees from leaving if they are unsatisfied.