Accounts Articles

IASB Framework

CMA.Devarajan Swaminathan 20 July 2009 at 16:58

IASB Framework The International Accounting Standards Committee Foundation (IASC Foundation) Constitution mentions about the IASB Framework twice, once in paragraph 29 and another in paragraph 43. Paragraph 29 of the IASC Foundation Constitution

IAS 18 -- Revenue Recognition

Kram 06 July 2009 at 01:15

The article makes an effort to understand basic concepts of “Revenue recognition” as stated by IAS 18 in a question and answer mode. IAS 18 -- Revenue Recognition What is “Revenue” ?Revenue is the gross inflow of economic be

EARNING PER SHARE as per AS 20

CA Lalit Mohan Agarwal 29 June 2009 at 23:37

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VALUE ADDED STATEMENT

CA Lalit Mohan Agarwal 25 June 2009 at 16:36

Value Added Statement Value Added Statement may be called the part of the development in the financial reporting but the concept of Value Added is considered old. Accountants in UK have periodically deliberated upon that the concept should be incorp

AS - 11 notification

Sarvesh Ramachandran 09 June 2009 at 17:47

Has India Inc been finally blessed with an amendment that could clear the smoke screen that is being created by the unprecedented volatility in the currency market?There used to be a time when the Indian rupee gained considerably against the U.S doll

Construction Contracts (IAS-11)

CA. Amit Daga 05 June 2009 at 13:13

Construction Contracts (IAS-11)A Construction contract is defined in IAS 11 as “ …A contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms o

How a Tata Motors unit turned around with Balanced Scorecard

Admin 11 May 2009 at 14:06

Author : Suresh Lulla/DNAPerformance measurement, analysis and review are critical steps in an organisation's progress towards its goals and vision. The objective of performance measurement is to steer the company to goal attainment, and enable it to

Provision and Payment of Gratuity is Mandatory

CA Sitaram Agrawal 08 May 2009 at 15:28

This Act is enacted to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway compani..

IFRIC- Interpretation of IFRS

CA. Amit Daga 29 March 2009 at 14:41

Dear All,In india for all Accounting Interpretation we have ASI (Accounting Standard Interpretation) in line of that in IFRS there is also some Interpretation which is known as IFRIC- International Financial Reporting Standards Interpretation Commit

Some Differences between IFRS and AS

CA. Amit Daga 26 March 2009 at 17:56

Differences v DividendsØ Dividends are classified as a financial liability and are reported in the income statement as an expense. If dividends are declared subsequent to the balance sheet date, it is not recognised as liability. (I