Accounts Articles


Accounting for Employee Stock Option Plan [ESOP]

Posted by CA. Rayan Sequeira 06 October 2007 270764 Views

Securities and Exchange Board of India issued ESOP guidelines in 1999. The idea behind this was to reward and motivate employees for their commitment and hard work. SEBI defines employee stock options as ¡§option given to the whole-time directors, of



Exposure draft on AS 12

Posted by CA. Rayan Sequeira 06 October 2007 6368 Views

The Institute of Chartered Accountants of India (ICAI) has come up with the exposure draft on AS 12(revised). AS 12 (exposure draft) deals with accounting for Government grants and disclosure of Government assistance. AS 12 deals with the accounting



Win or Loose The option is Your's

Posted by CA. Rayan Sequeira 06 October 2007 5449 Views

The turnaround in the Indian economy has paved way for new & sophisticated Financial instruments to mark their arrival on the scene, thereby broadening the "Investors' Basket". In the year 2000, the Indian capital markets welcomed one of such ins



Accounting as a "Language of Business"

Posted by CA. Rayan Sequeira 06 October 2007 38283 Views

Accounting as a "Language of Business" communicates the financial results of an enterprise to various users. It is pertinent that in order to evaluate the financial results of the enterprise one has to compare the financial status of an entity with



AS 28 impact on OIL & GAS companies

Posted by CA Nikita 04 October 2007 7093 Views

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

Posted by CA Nikita 02 October 2007 4978 Views

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

Posted by riya 01 October 2007 6988 Views

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?

Posted by riya 30 September 2007 7559 Views

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

Posted by CA Nikita 25 September 2007 4835 Views

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

Posted by Ritesh 30 August 2007 69853 Views

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




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