Accounts Articles

Accounting Practices in Construction & Infrastructure Industry (Part-2)

CMA Ramesh Krishnan 29 August 2011 at 13:03

Introduction: In Continuation of my first part, we will discuss about accounting practices in the Construction & Infrastructure Industry

Roadmap for Cost Records preparation under new regime

CMA Navneet Kr Jain 29 August 2011 at 13:03

Sub: Roadmap for Cost Record Maintenance / issue of Compliance Certificate under Companies (Cost Accounting Record Rules) 2011. After the issue of new notifications on 02/05/2011, 03/05/2011, 03/06/2011& 30/06/2011 the companies are required

A comparative study of AS and Ind-AS Consolidation of Financial Statement

SOUVIK BORAL 27 August 2011 at 11:29

A comparative study of AS and Ind-AS Consolidation of Financial Statement Issue As per Ind-AS As per Existing AS Consolidation Consolidation has to be done by every comp

Accounting practices in Construction & Infrastructure Industry (Part-1)

CMA Ramesh Krishnan 19 August 2011 at 18:16

Introduction: In current Indian scenario Construction & infrastructure industry is one of the biggest industries and also one of the major employments providing as well as economically much viable industry also. Such a service

Accounting by Real Estate Developers

CA Sachin D Jain 06 August 2011 at 12:03

The total Cost can be divided under the following Cost Centers: Project Cost Centre (PCC) Specific Costs Head Office Cost Center (HOCC) Common Costs and Administration and Selling Costs

Exemption from disclosing in P&L A/c u/s 211

Alok Rudra 28 July 2011 at 12:31

Exemption to certain classes of companies from disclosing in their profit and loss account from certain information in terms of Part II of Schedule VI [Ref: Notification No. S.O. 301(E), dated 8th February, 2011 and F. No. 51/12/20

Exemption to PFIs specified u/s 4A of the Companies Act

Alok Rudra 20 July 2011 at 13:46

Exemption to PFIs specified u/s 4A of the Companies Act, 1956 from disclosing investments as required under Paragraph (1) of Note (l) of Pat-I of Schedule VI in their balance sheet [Ref: Notification No. S.O. 300(E), dated 8th February 201

IFRS with Indian AS

Vijay 16 July 2011 at 14:14

I.Indian Accounting Standards already issued by the Institute of Chartered Accountants of India (ICAI) corresponding to the International Financial Reporting StandardsAS 1 is based on the pre-revised IAS 1. AS 1 is presently under revision to bring i

Mandatory Cost Audit.Cost compliance for the FY 2011-12

CMA Navneet Kr Jain 30 June 2011 at 12:44

Sub: Latest amendment with relation to Cost Records (Sec 209(1)(d) and Cost Audit (Sec 233B) of Companies Act to be complied from the year 2011-12 onwards Sir, Ministry of Corporate Affairs has recently issued various notifications/cir

Bank Reconciliation Statement

NURSINGHA SAHOO 29 June 2011 at 14:15

BANK RECONCILIATION STATEMENT Bank Reconciliation Statement You operate a bank account in which you deposit money and withdraw money from time to time. You maintain a record with yourself of these deposits and withdrawals. One day you get your pas