Introduction India has principally agreed to converge to IFRS by implementing Revised Schedule VI, being the first constructive step in the journey. Let us appreciate the requirements of accounting for fixed assets in specific under Ind AS (ie IFR
(The reader is suggested to see my previous article covering some basics in SAP on the link http://www.caclubindia.com/articles/erp-sap-basics-15603.asp before reading this write-up.) Ill try to work my way systematically on configuration.
INTRODUCTION The conceptual and legal framework for small scale and ancillary industrial undertakings is derived from the Industries Development and Regulation Act, 1951. The Act provided the necessary powers to the Central Government to amend t
Limited liability partnerships are relatively new creations that are used for their financial protections. With a general partnership, individuals may be personally responsible for a partner's actions. Limited liability partnerships, or LLPs,
Intellectual property (IP) has taken a very important role in the economic world today. Long gone are the times when brick and mortar were treated as assets of a company. Today, it is the grey matter inside a human brain that is the asset. Compani
Before liberalisation of Indian Economy, career in finance was perceived as a back office record keeping job; but after the liberalisation it has become much more challenging and interesting. Today, it is seen as a career that provides greater roles
Business Loss set off under Sec.72: widened scope The judiciary does play a vital role in the economy by discerning the real intentions of the law. In this regard, the recent rulings with respect to carry forward and set off of losses in the tax law
The financial market took a huge turnaround after the debacle of 2008 where demand and supply inequality were the main players. Industrial revolution took a halt across the world and financial market reflected more fearful days. Globa
CA, these two letters are pioneer and is mark of Trust, Integrity and Independence. In the growth of a Country CAs play an important role. CAs are the managers of financial recourse of a country. Many CAs are working in service industry and
Most of us tend to think that planning on investment portfolios for attainment of goals is a one time job. However it is not true; we all need to review our investment portfolios on a regular basis and also take the help of professional financial
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