Accounts Articles

REVENUE RECOGNITION

Posted by CA. A. Kumar 06 July 2008 14021 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**Indian Accounting Standards: Some are `very out of date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 15908 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

ERP solutions for SMBs : Opportunity or Confusion ?

Posted by CA. Dashrath Maheshwari 22 April 2008 7295 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

Time Management Tips

Posted by Jitender Garg 23 April 2008 11731 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

"dynamic current ratio"

Posted by Rahul Gupta 22 March 2008 14309 Views

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

International Financial Reporting Standards

Posted by CA. Amit Daga 21 March 2008 21093 Views

International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) the new avatar of International Accounting Standards (IAS) are issued by International Accounting Standards Board (IASB). This role was earlier discharged b

Sanctity of Accounting Standards

Posted by Rahul Tibrewal 20 March 2008 5658 Views

Under section 145 of the Income-tax Act, 1961, certain accounting standards have been made mandatory while computing the taxable income. However, this has been challenged by certain Companies on the ground that the mandatory provision is unconstituti

Custodian Guidelines of Petty Cash

Posted by Deepak Maithani 22 April 2021 49976 Views

PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h

EVA

Posted by Rahul Tibrewal 14 February 2008 14635 Views

EVA (Economic Value Added) EVA (Economic Value Added) was developed by a New York Consulting firm, Stern Steward & Co in 1982 to promote value-maximizing behaviour in corporate managers (O'Hanlon. J & Peasnell. K, 1998). It is a single, value

The importance of Accounting

Posted by Aisha 05 January 2008 19500 Views

The Importance of Accountancy Asish K Bhattacharyya Initially,when I started to teach at a reputed business school, I was dismayed bythe fact that an average MBA student who does not want to specialise inFinance is quite happy if she can obtain a