Accounts Articles
Accounting Ratios
To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency ...
Message from President
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
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
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 !
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
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
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