Accounts Articles

TYPES OF FINANCIAL ANALYSIS

Posted by Member (Account Deleted) 14 November 2009 212820 Views

TYPES OF FINANCIAL ANALYSISFinancial statements are analysed by different parties for different purposed. The analysis is done from different angles. Accordingly, we can classify financial statement analysis into different categories as follows:1.

DEPRECIATION - A SOURCE OF FUND OR NOT

Posted by Member (Account Deleted) 30 October 2009 150619 Views

DEPRECIATION – A SOURCE OF FUND OR NOTv Arguments in favour of considering it as a source of fund1. Depreciation is considered as an expired cost. It is included within cost of goods sold. It is an allocated cost which is realised when go

WHY IFRS?

Posted by PS Prabhakar 04 October 2009 20408 Views

Why IFRS?It is the bane of our nation that for very many important issues, there is hardly any debate. For example, year after year, budgets are passed with no meaningful discussions in the Parliament. The writ of the interested few runs riot, main

The bottleneck is at the top of the bottle

Posted by PS Prabhakar 04 October 2009 11376 Views

The bottleneck is at the top of the bottle The satirical yet succinct quote which forms the caption of this article is that of the celebrated management guru of all times, Peter Drucker, when he was driving home the point that the source of all ills

What is IFRSs and IFRSs for SME

Posted by Rajkumar Adukia 29 September 2009 16778 Views

Scope of IFRSAll International Accounting Standards (IASs) and Interpretations issued by the former IASC (International Accounting Standard Committee) and SIC (Standard Interpretation Committee) continue to be applicable unless and until they are am

Accounting for derivatives

Posted by Ankit 21 CA,CS,B.Com 03 September 2009 63521 Views

Derivatives are financial instruments that derive their value from changes in benchmark based on stock prices, interest rates, mortgage rates, currency rates, commodity prices or some other agreed upon base. Derivative Financial Instruments (DFIs) ca

AS 30 HEDGE ACCOUNTING

Posted by CA Lalit Mohan Agarwal 30 July 2009 63111 Views

ACCOUNTING STANDARD (AS) 30Financial Instruments: Recognition and MeasurementHedge accounting Definitions Relating to Hedge Accounting 8.14 A firm commitment is a binding agreement for the exchange of a specified quantity of resources at a specifie

IAS 18 -- Revenue Recognition

Posted by Kram 06 July 2009 22913 Views

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

Posted by CA Lalit Mohan Agarwal 29 June 2009 202077 Views

st1\:*{behavior:url(#ieooui) }/* Style Definitions */table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0

VALUE ADDED STATEMENT

Posted by CA Lalit Mohan Agarwal 25 June 2009 165817 Views

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