CAclubindia Articles

ERP Implementation (My experience - part I)

Ki$hor B 15 October 2012 at 11:42

ERP is the abbreviation for Enterprise Resource Planning. There are an array of ERPs to choose from such as SAP (the daddy of all ERPs), BAAN, Oracle Financials, Navision, Xapta, Integrated Business Solutions and the list could be endless. Entity ch

Understanding the US GAAP with Indian GAAP

Manish Kumar Agarwal 15 October 2012 at 11:42

With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require

Good Things are not Accidental

Yogesh 15 October 2012 at 11:42

I believe that good things come to those who work. -Wilt Chamberlain Good things are not accidental: If you are supposed to secure first position in exam you have to work hard or study day in day out, it cant happen just bec

Short Note on Financial Analysis and Planning

Ajay Mishra 15 October 2012 at 11:42

The basis of financial analysis, planning and decision making is financial information. A firm prepares final accounts viz. Balance Sheet and Profit and Loss Account providing information for decision

XBRL Filing of Financial Statements

CS DHANAPAL 13 October 2012 at 13:14

SECTION A XBRL FILING OF FINANCIAL STATEMENTS XBRL is the acronym for Extensible Business Reporting Language. As the name itself suggests, it is a language for presentation of data which permits easy analysis and interpretation thereby r

Cenvat For automobile Dealers

CA Ankit Bhutoria 13 October 2012 at 12:56

Brief Introduction Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of selling

Interpretation of Statutes

*RENU SINGH * 12 October 2012 at 12:08

Statutes mean an act passed by legislative body. So interpretation means explanation of the same. Interpretation of statutes is needed when language of law is not clear or has ambiguous meaning. These interpretations are

Time-Time ki Baat Hai - Part II

Prof. Bajaj 12 October 2012 at 12:08

Hey Niraj, am back to seek your help again said Uncle Shrikant to his nephew Niraj Desai. Completely my pleasure uncle, please tell me, how can I be of help to you. Said Niraj Shrikant: As you know, my younger son, Aaka

Accounts Payable Process

Ki$hor B 12 October 2012 at 12:08

I was puzzled when my colleague, a new joiner, came up and said I find the Accounts Payable process a double dutch, payments made by cheque should be easy peasy (lemon squeezy). I peeped into his educational background and found him