Hello

May anyone provide me details about IFRS

Introduction to IFRS
Applicability and all

Reply as soon as possib;e

Regards

Sumit Kumar

Sir/Madam,

Why we consider "Liquidation Expenses" paid by transferee company as GOODWILL in its account and not a preliminary expense...???

We pass this entry in its(Purchaser) book:-
Goodwill A/c......Dr.
To Bank A/c

Now I wanna know what's logic behind it works....???

or why we don't include such expenses paid in Purchase consideration....???

Q) WHICH OF THE FOLLOWING DO NOT CONSTITUTE INVENTORIES ?

a)stock for sale in ordinary business
b)stock for production
c)stock for services
d)stock for share trading


PLEASE !! GIVE ANSWER WITH EXAMPLE.

Why Closing Stock in spite of credit Balance Shown as a assets in Balance Sheet?
And if it is a assets then why we show it in Trading A/c!!
Plz explain the logic behind it!!! I'm confused abt it..

I want to know, what does a margin % mean while availing bank guarantee from financial institution,what is the purpose of margin and how is it calculated? Please provide me with an example.

Please give the Format of Final Accounts of Private Limited Company In Excell Form to the financial yeay 2009-2010 along with Depreciation Calculator As Per Companies Act


Thanking You

I had formed a partnership firm with my friend who expired last month. Can I now enter into partnership with the heirs of my deceased partner?

WE ARE ISSUEING PDC TO OUR SUPPLIER PLEASE LET ME HAVE IDEA ABOUT AUTOMATIC REMINDER BY MY COMPUTER REGARDING PDC BEFORE THREE DAYS OF PDC DATE

Individual paid his lawyer Rs. 15000 for paying its Income tax.So he is paying tax through his lawyer(and not directly).Will A/c entry will be
Income Tax a/c
To Bank/Cash
Or
Lawyer A/c will be opened?

1. Whether simply configuration of NL (Non-leading Leadger) in SAP will serve the purpose of implementation IFRS in SAP?
2. What sort of preparations reuired for first time adoption of IFRS in SAP System ?
3. Whether the normal accounting entries of FICO will automatically be entered into NL ? Or whether there is requirements of any special transaction codes for updation of NL ?
4. What is the type of reporting structure in NL as per IFRS requirements ?
5. Any additional precautions to be considerd in SAP configuation ?