Accounts Articles
AS 28 impact on OIL & GAS companies
D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair
Sweeping away GAAP
Sweeping Away GAAPFASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.Marie Leone, CFO.comOctober 01, 2007At an industry conference Friday morning, Financial Accounting Standards Board chairma
AS 17 likely to change with convergence
Dolphy D'Souza The Institute of Chartered Accountants of India (ICAI) recently decidedthat Indian Accounting Standards will be fully in line with the IFRS(International Financial Reporting Standards) from April 1, 2011. Thechange from Indian GAAP (Ge
Accountant Malpractice Lawsuits - Collection Tool for Lenders?
Accountant Malpractice Lawsuits - Collection Tool forLenders?By Grusd, Neville Lenders occasionally sue accountants for malpractice.This generally occurs when the lender suffers a lossand claims that the advances were made in reliance onincorre
Scepticism on ethics all-pervasive
Whenever in the classroom I discuss contemporary principles and methods for the preparation and presentation of financial statements, with executive and students, I always see discomfort gripping the participants. They express concerns that current p
tally import data
Import TALLY Data / Export TALLY Data Tally allows users to Import data from other software's as well as Export data from Tally to other software's. Tally allows users to Import and Export in ASCII, SDF and XML formats. XML is now the most widely use
Real Estate Accounting: Complications & Facts
Explore complications in real estate accounting, revenue recognition methods, and the need for industry-specific guidance in India.
AS-2 vs IAS-2: Inventory Valuation Comparison
Compare AS-2 (Valuation of Inventories) and IAS-2 (Inventories). Understand differences in raw material valuation, NRV reversals, and cost inclusions.
AS-22 vs IAS-12: Key Tax Accounting Differences
Compare AS-22 and IAS-12 to understand key differences in tax accounting. Learn about timing vs temporary differences, recognition rules, and disclosures.
Transfer Pricing: Related Party Transactions Valuation
Discover how Customs and Income Tax authorities coordinate on related party transactions in India and learn how to align your transfer pricing strategy.
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