Accounts Articles

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

Specialization for Survival for Chartered Accountants

Dilip K Raina 13 June 2011 at 11:52

Gone are the days when a chartered accountant in profession use to provide service to the clients with authority and client was supposed to reveal everything during the process of audits or other consultancy services being availed by such clients? T

Growing consumption a bane for India - Cost Management

CMA.Devarajan Swaminathan 18 May 2011 at 13:45

Growing consumption a bane for India - Chandran Nair.I was reading this interview that appeared in the Economic Times, Mumbai Edition today with great interest. "Author and think-tank founder Chandran Nair is a second-generation Indian-orig

Getting Started With Ind-AS

CA S.SAIRAM 11 April 2011 at 11:39

GETTING STARTED WITH IND-AS Most of us are now aware that the Ministry of Corporate Affairs has kick started the process of Globalization in accounting by notifying 35 new Accounting standards (titled Ind-AS) which are the current desi version of t