CAclubindia Articles

An analysis on Forensic accounting

Posted by Ajay Kamal 17 April 2021 45575 Views

FORENSIC ACCOUNTINGForensic Accounting is an integration of accounting, auditing and investigative skills. The term forensic accounting' was coined by Maurice E.Peloubet, in whose words "financial statements have some but not all the characteristics

A Brief Note on Mandatory Annual filing in XBRL format

Posted by Pankaj Pendse 21 June 2011 60497 Views

A Brief Note on Filing Annual Financial Statements in XBRL Format Background: Ministry of Corporate Affairs (MCA) vide its General Circular No 09/2011 has

A Student can think more?

Posted by Durga Rao 20 June 2011 19639 Views

Many a students pursuing professional courses like CA and CS focus on their syllabus, revision and the focus remains on completing the course. These students feel that they are secured once they complete their course and there can be exceptions.

OTC Forwards and Options - In Practice

Posted by CA S.SAIRAM 20 June 2011 14902 Views

OTC Forwards and Options In Practice Foreign Exchange Management involves a combination of hedging as well as profit making at the opportune time (subject to permission by regulator). Unless a country has pegged the domestic currency in te

Chartered Accountants: a career in financial services

Posted by Vikranth 16 June 2011 30390 Views

Amrita T., a CA, currently works in the Project Finance arm of Tata Capital. Srikanth N was treasurer of a large MNC bank. What is it that prompted them to move into the mainstream of Financial Services? The career growth and money are both much m

The why and how of 'human asset' valuation

Posted by Equitymaster 16 June 2011 18477 Views

Despite being an important asset for a company, human resource is an asset always ignored by accountants. With regards to assets, there is a fundamental conflict in accounting practices between human and non-human assets. Only non-human assets find

Penalties under the Income Tax Act

Posted by Neha Yadav 16 June 2011 56193 Views

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit

Service Tax Audit

Posted by MONISH BHALLA 16 June 2011 47846 Views

The country is passing thorough a phase where the need of transparency at all levels appears to be explicitly essential. There is a trust deficit at all levels, be it the Civil society, public at large or government machinery. The assessees are en

Importance of Bank Documents and Their Verification

Posted by Guest 14 June 2011 97308 Views

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine

A Comprehensive Overview of the SEBI

Posted by Guest 14 June 2011 18667 Views

A COMPREHENSIVE OVERVIEW OF THE SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 INTRODUCTION One of the fundamental and most general principles of law is that when any individual acquires any kind of special knowledge or information