Accounts Articles

Blackberry - Effective Tool for Time Management

Posted by Guest 13 October 2011 16354 Views

BLACKBERRY AS A TOOL I found a marked difference in my life after usage of blackberry for last five years. IN ONE LINE WHAT IS THE BIGGEST DIFFERENCE? YOU CAN CHECK EMAILS IN SMALL SLOTS OR FRACTION OF MINUTES, OF UNPRODUCTIVE TIME DURING THE DAY AN

Spirit Behind IFRS

Posted by Guest 11 October 2011 10880 Views

Q1 What are the primary differences with IFRS? GLOBAL vs LOCAL SUBSTANCE vs FORM GROUP vs STANDALONE ENTITY vs COMPANY PRINCIPLES vs RULES FAIR VALUE vs HISTORICAL COSTS BALANCE-SIIEET vs P and L Q2 What is advantage India in whole process?

Scam Management - Does IFRS brings check over it?

Posted by Guest 10 October 2011 11598 Views

Everybody in India now knows what is scam? But not everybody knows IFRS. Here is an attempt to highlight how IFRS highlights scams. Let us take some examples how following scams IFRS can highlight well in time. Spectrum scam - Spectrum is an intan

Taxation Issues Coupling with IND AS

Posted by CA S.SAIRAM 08 October 2011 9242 Views

The CBDT is mounted with a herculean task of resolving the conflicts in tax law vis--vis the new born Ind AS which is set to hit the Indian economy with a flurry of technical standards. Challenges inh

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

Posted by CMA Ramesh Krishnan 29 August 2011 40596 Views

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

Posted by CMA Navneet Kr Jain 29 August 2011 17440 Views

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

Posted by SOUVIK BORAL 27 August 2011 16181 Views

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)

Posted by CMA Ramesh Krishnan 19 August 2011 48425 Views

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

Posted by CA Sachin D Jain 06 August 2011 41501 Views

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

Posted by Alok Rudra 28 July 2011 19215 Views

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