Dear Experts,
Please clarify the following queries:
1. I like to pursue IFRS course from The ICAI at chennai, whether it is advisable to join ICAI?
2. If the answer is negative for Question 1 which institute is best for IFRS course.
3. What is the scope for CA who has IFRS course.
Thanks in advance

Sir,
Can you explain me the concept of -- "Decrease in Working Capital & Increase in working Capital in Cashflow Statement with logical Explanation that how it affects cash or bank balances?

Dear all,

In our company, we purchased a new software for sale and purchase department. it has been purchased for internal purpose. it is being implemented and not yet complete..the amount is more than 3 lakhs as of now. and its likely to go up. Should this be capitalised? if yes under fixed asset or intangible assets? and should it be amortised?
if not to be capitalised then which head will it come as expense?

Waiting for a reply asap...
Thanks in advance..

Dear Experts,

Whats exactly no. of years of purchase while calculating Goodwill?

Is it number if years we take to to be able earn current profit?

Regards,
Pooja

Dear All

in Form 23AC Part B we need to fill Gross value of transcation as per AS 18

here in this form capital Item is required to be filled

now supposed a company ( related party) has given loan to another company to the tune of Rs 80 lacs say in 2008 in the 2010 11 it repayed Rs 10 lacs bal Rs 70 lacs

now if we see related party statement both the figures will appear
but which amount need to be mentioned in 23AC whether 10 lacs or 70 lacs

Dear sir /maa'm

I saw a balance sheet's closing stock schedue, where it was showing the following items,

1.Raw Material
2.Consumables stock
3.WIP Stock
4.Finised goods

it was a total of 4 items, but at profit and loss account it was considereing only finish goods as closing stock, and the other items were covered under consumption.

My Question is why they are showing all 4 items under the schedule and not showing the same at P/L A/c, where only finish goods is taken as closing stock ?

Our client has a labour contractor. He get Receipt Rs.15,00,0000/- & TDS Rs.15,000/- also deducted. Can i claim TDS as refund in filing return as section 44AD... Pls help us....

how to prepare cma data
what is cma please explain

what is incorporation expenses, and in which account head is to be assign to this?

My company owns 10 cars out of which 1 car is sold at Loss


in case of companies act :-
i will reduce the amount COP from gross block & give the effect of depreciation claimed till date & Selling Price in adjustment column of depreciation block...

wanted to know the effect of same in income tax act
since Selling price is deducted from WDV there is still balance left at the end of year on that car.....should depreciation effect be given on the left over balance for the succeeding years till it gets nill