Accounts Articles

Role of Accounting

SUJATA 02 December 2013 at 12:28

Accounts Personnel, Auditors and Tax Consultants need to complete all finalization related tasks at the earliest to submit the return in time. If proper accounting is done from start to end of the financial year, it becomes very easy to complete audi

Fundamentals of Accounting

Dintakurthi Tirumala 11 November 2013 at 12:59

There are three types of accounts basically in the accounting, all the accounting entries shall be based on this accounts, these account types decides the nature of account and based on such nature of account treatment shall b

Basic Understanding of Islamic Banking Finance & Capital Market

Guest 19 September 2013 at 13:06

India is one of the fastest growing economies in the world today and is on the path to becoming one of the largest in the world in the coming decades. Our Banking sector had undergone trem

Accounting Standard 2 simplified

Siddharth Kadakia 12 September 2013 at 13:04

Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c

Accounting Standard 1 simplified

Siddharth Kadakia 09 September 2013 at 13:01

Accounting Standard 1issued by ICAIDisclosure of Accounting PoliciesIntroduction:The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied

Convergence of Accounting Standard

Mohit Lohia 26 August 2013 at 13:49

By all account well by most account its a done deal. After years of planning, world is heading towards convergence of accounting standard. It refers to the goal of establishing a si

Time value of money in financial management decision making

Anand Varma, FCA; FCS. 24 August 2013 at 11:53

Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t

Basics of Documentation for Advances in Bank

CA Satish Badve 07 August 2013 at 13:06

The documentation applicable for particular type of advances are either given in the Advance Manual of a particular bank or in the circular for specific type of advances, however, the main framework for documentation is as per the advances manual of

Concept of Public Private Partnership Scheme (PPPs)

CMA Ramesh Krishnan 22 July 2013 at 14:53

Introduction: Providing a better infrastructure and continuous development of the same is the basic factor to sustain the economic growth of any country and also the responsibility of any Governm

How effective are the Cheque bouncing provisions under negotiable instruments act, 1881?

G S Rao 19 July 2013 at 13:47

Introduction: Section 138 to 147 were incorporated in Negotiable Instruments Act, 1881(NI Act) with a view to