what do you mean by when a company factored its debtor's to bank?

Due to implementation of new companies act 2013, are chapters in audit like company audit 1 & 2 of ipcc syllabus will also get changed for nov 2014 attempt?

According to AS 7 revised, Revenue of a construction Industry is to be recognized in percentage completion method. But is there any specific clause are situation where they can recognize using completed cost method?
If so how is that to be recognized in the books of accounts?

In Audit Whether is the responsibility of auditor to reconcile bank balance(Pass book) with cash book.. When the difference between them occurring due to opening balance?

In case Loans & Advances converted into Unsecured Loan during the year then what will be the treatment of the same in Sec 269SS & 269T in 3CD.

Example:

No opening Balance
19 April Paid to Mr. X Rs 225000/-
07 June Paid To Mr. X Rs 25000/-
15 Oct Received from Mr. X Rs 1500000/-
02 Dec Paid to Mr. X Rs 500000/-
31 Dec Interest paid to Mr. X Rs 15000/- (assumed).

What will be it's treatment ??

For Financial statement prepared for the year ended December,2012. whether Revised Schedule VI is applicable or not ???

Hi,
Can anyone please help me understand who are the latest top CA firms in India and how are they ranked?

Are they ranked on the basis of revenue, no. of clients??

WHAT ARE THE RESPONSIBILITIES OF AN AUDITOR IN A CASE WHERE AFTER THE STIPULATED PERIOD AS MENTIONED UNDER SECTION 205A OF THE COMPANIES ACT , AMOUNT HAS NOT BEEN TRANSFERRED TO 'UNPAID DIVIDEND A/C....' BY THE CONCERNED COMPANY

IS CHARGING DEPRECIATION MANDATORY FOR ALL THE BUSINESS UNIT (ESPECIALLY FOR FIRM)?

Hello. i am studyin bms last year. I am not interested in doing mba. I am planning to do CA will it be beneficial and convinient for me?