Accounts Articles

EBITDA !

Posted by CA. Dashrath Maheshwari 01 November 2008 28974 Views

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

Posted by CA Himanshu Awasthi 06 October 2008 7882 Views

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

Posted by CMA Jitendra Singh 29 September 2008 27769 Views

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

Posted by sudha 22 September 2008 54541 Views

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

Posted by CA.Sachin Gupta 22 August 2008 17208 Views

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

Posted by Member (Account Deleted) 26 July 2008 23318 Views

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

Posted by CA. A. Kumar 06 July 2008 14009 Views

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**Indian Accounting Standards: Some are `very out of date

Posted by Darshu 18 May 2008 15881 Views

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

Posted by Jitender Garg 23 April 2008 11710 Views

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 ?

Posted by CA. Dashrath Maheshwari 22 April 2008 7263 Views

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