Accounts Articles

IFRS Challenges

CA. Amit Daga 24 March 2009 at 23:15

IFRS - Challenges n Major Challenges : v Shortage of Resources With the convergence to IFRS, implementation of SOX, strengthening of corporate governance norms, increasing financial regulations and global economic growth, acc

IAS 32 Financial Instruments

CA. Amit Daga 24 March 2009 at 23:04

IAS 32 Financial Instruments - Definition v A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entityv The financial instr

Why IFRS.. Introduction

CA. Amit Daga 22 March 2009 at 16:33

Why IFRS? Ø Numero-uno accounting framework with global acceptance.Ø Business going global, more cross border transactionØ Access to international capitalØ Single global financial reporting language&O

List of IFRS

CA. Amit Daga 22 March 2009 at 02:32

The following IFRS statements are currently issued:IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale an

Accounting Ratios

CA.Tarun Maheshwari 11 February 2009 at 12:30

To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency ..

Message from President

Ankit Kejriwal 10 February 2009 at 15:38

My dear professional colleagues, This is my first communication from me to you all, after having taken over the reigns of the Institute yesterday a..

IFRS

KUNAL AGRAWAL 05 February 2009 at 00:14

I. Introduction :1. These are challenging times in many respects. A global financial meltdown in which India cannot escape without hurt, a gruesome terrorist at..

AS-22 An IMPORTANT GLANCE

pappu mishra 06 December 2008 at 17:23

AS-22: ACCOUNTING FOR TAXES ON INCOME Meaning and Glance to Its Recognition, Presentation & Disclosures. MEANING: Taxable income is calculated in accordance with tax laws. In some circumstances, the requirements of thes

EBITDA !

CA. Dashrath Maheshwari 01 November 2008 at 10:48

A CLEAR LOOK AT EBITDA:Normally, investors focus on cash flow, net income and revenue as the basic measures of corporate health and value. But in recent years, another measure has crept into quarterly reports and accounts: earnings before interest, t

Accounting experts push fair value rules

CA Himanshu Awasthi 06 October 2008 at 13:56

There will be no let-up in the use of fair market values for banks’ holdings, even in illiquid markets, according to international accounting rulemakers.The stance came in a draft paper published on Tuesday by an expert panel convened by the In