Accounts Articles
Accounting experts push fair value rules
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
Fast Balalnce Sheet Analysis
FAST ANALYSIS OF BLALNCE SHEET The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The
AS 26 Accounting for Intangibles : A review with respect to Patents and Trademarks
AS 26 Accounting for Intangibles : A review with respect to Patents and TrademarksMore often brands created are not recognized in the Balance Sheet. Companies invest huge amounts in advertisement and sales promotion which were earlier treated as def
Accounting Assurance Standard
Accounting Assurance Standard (AAS) 1 to 29 Disclosure of accounting policiesAccounting policies refer to specific accounting principles and the method of applying those principles adopted by the enterprises in preparation of financial statement
DIFFERENCES BETWEEN IFRSs AND US GAAP
SOME KEY DIFFERENCES BETWEEN IFRSs AND US GAAP General approach IFRS: More 'principles-based' standards with limited application guidance. US: More 'rule-based' standards with more spe
REVENUE RECOGNITION
Revenue Recognition Principle Revenues are recognized when (a) realized or realizable and (b) earned. [SFAC No. 5, Para. 83] Revenues --> not recognized un
**Indian Accounting Standards: Some are `very out of date
ndian business has gone global in a big way in recent years, which is clearly reflected in more companies setting up overseas arms, raising money from the market and acquiring companies. The coming years will only see an increase in the number of com
Time Management Tips
Have you noticed how incredibly busy everyone is these days? Customers, colleagues, competitors – life is crammed full of activity. The things we want to do today, get postponed until tomorrow and we wonder at the end of each day, just what exa
ERP solutions for SMBs : Opportunity or Confusion ?
ERP solutions for SMBs : Opportunity or Confusion ? Its action time in the SMB space. Suddenly, the space neglected for so long seems to generate a lot of interest for behemoths of the Information Technology Industry. The turf once ruled by the multi
"dynamic current ratio"
In this article, we'll examine the "dynamic current ratio" to assess a company's liquidity status instead of the static but commonly used current ratio. It is often calculated alongside the quick ratio and the cash ratio, to provide analyst
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