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Accounts Articles


Forex Market in India

  Deepak Surana    20 June 2013 at 11:45

BASIC INTRODUCTION OF INDIAN ECONOMY India has seen a systematic transition from being a closed door economy to an open economy since the beginning of economic reforms in the country in 1991. These reforms have had a far-reaching impact and have h



A brief on calculation of revenue in case of real estate developers

  CA Pawan Kumar    17 June 2013 at 11:56

BackgroundThe term 'real estate' refers to land as well as building. This Guidance Note issued by the ICAI has recommended principles for recognition of revenue aris



Basic understanding of an EPC Contract

  CMA Ramesh Krishnan    21 May 2013 at 11:59

Introduction: EPC contract is a very popular type of contract in the contact management module. Full form of the word EPC is Engineering, Procurement & Construction. EPC module contract mostly used in inf



Overview of Revised Format of Auditor's Report

  Rahul Sethia    16 May 2013 at 14:01

Auditors Report is the finale of the professional work of an auditor. It also acts as a means of communication with various stakeholders of the company. After the year 2008, commonly remembered as the year of financial crisis, superior clar



Financial Intelligence Unit (India)

  Reena Kewat    16 May 2013 at 12:00

FINANCIAL INTELLIGENCE UNIT (INDIA) A NEW STEP TO CONTROL MONEY LAUNDERING Introduction Money Laundering has always been a matter of discussion for government of all the countries. Money laundering is the process of conce



Capitalization of Borrowing Cost

  CA Prashant Gupta    15 May 2013 at 12:22

In this competition market mostly business work on borrowed funds. Finance has the work to arrange and utilize the funds. But after this Q is raised, when this borrowing cost will be capitalized and when it is charged to revenue. AS-16 deals with th



Practical aspects of Financial Closure for a Project (Part-2)

  CMA Ramesh Krishnan    16 April 2013 at 12:51

Practical aspects of financial closure for a Project (Part-2) Debt finance: Means of project finance contains the combination of Equity Debt for the project proposal which may requires procuring the project capex items for make the



Infrastructure Financing

  Dr. Anand Wadadekar    11 April 2013 at 12:05

At INFRASTRUCTURE FINANCING NEED OF MORE EFFECTIVE WAYS ABSTRACT Infrastructure sector in India has not been able to perform to its full capacity, majorly due to the Government red tapes, lack of funds and very long gestation perio



A Critique on Equating Growth in Market Indices To Returns

  CA. Nirmal Ghorawat    10 April 2013 at 12:14

Why equating the Compounded Annual Growth Rate [CAGR] of market indices, BSE Sensex or NSE CNX Nifty, with returns to an equity investor is a material misstatement, particularly if it is a long period of time? I have often come across perceivably



Practical aspects of financial closure for a Project (Part-1)

  CMA Ramesh Krishnan    08 April 2013 at 12:29

Practical aspects of financial closure for a Project (Part-1) Project Financing Module: In the Finance field Project financing is playing great role. Under various financing options for various businesses and industries, Project finance is diff