Dear Sir,

I am planning to recruit a person for my firm for the post of senior accountant.

I wanted to know what is the industry salary rate going on in a mid size accounting firm for hiring a senior accountant position in mumbai assuming the person has complete knowledge of preparing balance sheets of companies and audit.

Regards,
Divyesh Jain

Hi, can someone please explain me how to calculate the dividend on pre and post acquisition, an getting confused while preparing the investment account. please explain me with dividend declaration dates?? hope my query will help others too. thanks, Aswin

if we had taken loan from other country for purchase of fixed asset and foreign exchange gain is arised so what s treatment of this gain whether it will be added or reduce from cost of asset??? with journal entry???

Hello,Please can you tell me if I have received advance US dollar for export sales then what should be the tax treatment in tally for gst and what is the treatment of export sales invoice with tax in tally.In connection of this if GST authority issue refund then what is the entry in tally.Please explain this forex gain/loss details also.

can any one telling me

medical insurance paid by my company 5 lakh for employee

what is the jv

its a exps or what

Sundry debtors cash deposit in our bank account against invoices & a/c so I can do received entry

I am student doing b.com and an accountant i have experience in accounting having total 45 firms , I have opend office but i not having certificate of gst practitioner because in gst above graduates can apply for gst pct form but i have to wait for 1 year so please tell me where to get certificate in onter way thank you

Is INDAS applicable to section 8 companies

Appendix B5.4.2 of IND AS 109 Financial Instruements says :

Fees that are integral part of the effective interest rate of a financial instrument include:

a. Origination fees received by the entity relating to the creation or acquisition of a financial asset. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, negotiating the terms of the instrument, preparing and processing documents and closing the transaction. These fees are an integral part of generating an involvement with the resulting financial instrument.



b. Commitment fees received by the entity to originate a loan when the loan commitment is not measured in accordance with paragraph 4.2.1(a) and it is probable that the entity will enter into a specific lending arrangement. These fees are regarded as compensation for an ongoing involvement with the acquisition of a financial instrument. If the commitment expires without the entity making the loan, the fee is recognized as revenue on expiry.



c. Origination fees paid on issuing financial liabilities measured at amortized cost. These fees are an integral part of generating an involvement with a financial liability. An entity distinguishes fees and costs that are an integral part of the effective interest rate for the financial liability from origination fees and transaction costs relating to the right to provide services, such as investment management services.

Query:

'Upfront fees' and 'Structuring and advisory fees' on borrowing of term-loan from bank has been treated as transaction cost by my client. I want to know under which of the above three points does the cost fall into because:

Note: The company has treated the financial liability to be measured at amortized cost as per IND AS 109.

a above talks Origantion fees received

b above talks about commitment fees received

c Origantaion fees paid on issuing financial liabilities



Any help will be helpful and much appreciated.

Dear sir,

How to account associate company in the preparation of consolidated financial statements?
what is equity method of accounting?