Accounts Articles

IFRS

Posted by KUNAL AGRAWAL 14 June 2016 8798 Views

I. Introduction :1. These are challenging times in many respects. A global financial meltdown in which India cannot escape without hurt, a gruesome terrorist at...

Message from President

Posted by Ankit Kejriwal 14 June 2016 4298 Views

My dear professional colleagues, This is my first communication from me to you all, after having taken over the reigns of the Institute yesterday a...

Accounting Ratios

Posted by CA.Tarun Maheshwari 14 June 2016 183593 Views

To test Name of Ratio Formula Parties interested Industry norm Liquidity and Solvency ...

Provision and Payment of Gratuity is Mandatory

Posted by CA Sitaram Agrawal 14 June 2016 322696 Views

This Act is enacted to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway compani...

Most common mistake in Depreciation

Posted by Kishore 28 May 2016 22152 Views

Change in life of assets has been specified in new companies act 2013. However it does not suggested change in depreciation method. Hence there is no need to recalculate effect of depreciation from the period of asset inception for depreciation. Chan

All about internal financial control (IFC)

Posted by CA Sumat Singhal 26 May 2016 291499 Views

What is Internal Financial Control (IFC)? (Sec 134) As per Section 134 of the Companies Act 2013, the term �Internal Financial Controls� means the policies and procedures adop

Practical Guide to Consolidation of Accounts

Posted by Vivek Agarwal 17 May 2016 150410 Views

"The more you learn, you learn that you still have lot to learn� Did you know? Before Companies Act 2013, only listed company was required to do Consolidation. AS 21 says that if a company is required to do consolidation then consolidation

Books of account

Posted by Member (Account Deleted) 04 May 2016 28387 Views

Books of Account etc. to be kept by CompanySection 128 of Companies Act, 2013Rules 2A, 3 & 4 of Companies (Accounts) Rules, 2014Sub-section 1 states1. Place of keeping Books of account -Books of account + other relevant books and papers + financi

Related Party disclosure under IFRS

Posted by CMA Ramesh Krishnan 25 April 2016 14195 Views

Current business scenario, the related party relationship are normal feature of any business, It may be through subsidiaries, joint ventures and associates, these kind of business arrangements generally affect the b

Hedge Accounting as per IND-AS

Posted by Rahul Magan 01 April 2016 66650 Views

Purpose of the Article:- Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a fi