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Accounts Articles


Real Estate/EPC Contracts : Draft Guidance Note for Cost Records

  CMA Navneet Kr Jain    09 August 2012 at 11:46

Real Estate/EPC Contracts : Draft Guidance Note for Cost Records By Navneet Kumar Jain, Practising Cost Accountant, Delhi Institute of Cost Accountants of India has recently released a draft guidance note on the maintenance of cost records in respec



Basic concepts of CMA data

  CMA Ramesh Krishnan    30 July 2012 at 11:02

Basic concepts of CMA data Introduction: Credit Monitoring Arrangement (CMA) data is a very important area to understand by a person dealing with finance in an organisation. It is a critical analysis of current & projected financial statements



At the verge of financial reporting

  Aditi Jhunjhunwala    27 July 2012 at 14:59

At the verge of financial reporting- MCA comes up with amended format for Abridged Balance Sheet and Profit and Loss Account Just as companies have declared the financial results for FY 2011-12, the Ministry of Corporate Affairs (MCA&rdqu



Currency Translation Reserve

  Sanjay Chauhan (IFRS)    09 July 2012 at 12:05

A. Objective: This topic covers accounting for non integral operations under AS 11 in specific and its comparison with IAS 21. B. Back Ground: With the intent to Go Global, Indian entrepreneurs are now expanding their business focus in variou



The need of XBRL

  Pooja Kapoor    02 July 2012 at 11:34

Pooja Kapoor NRO0217151 M: 8437294700 XBRL The Need of XBRL in the Present Era has become curiostic. It is very easy to get the most exotic information by just typing some key words at an internet search engine. Investors, Stakeholders and Ana



Stock Options - Measurement, Accounting & Disclosure

  Sanjay Chauhan (IFRS)    26 June 2012 at 17:43

A. Stock Options Stock Options are getting more prevalent as part of compensation package in many entities in India especially MNCs that are listed on Stock Exchanges in India and abroad, either directly or through the stock of its holding Company



Insurance Claim: - An Easiest Approach to Understand

  praveer    25 June 2012 at 12:05

Introduction: There are various risks attached today with business, whether it is small, medium, or large. One of the major risks is losses suffered by businesses due to fire, theft or earthquake. Insurance companies ready to bear these losses if t



Guidance note on accounting by real estate developers

  CA Sachin D Jain    14 June 2012 at 11:38

GUIDANCE NOTE ON ACCOUNTING FOR REAL ESTATE TRANSACTIONS (REVISED 2012) SIMPLIFIED 1) Applicability i) To the enterprises dealing in land, building and / or rights related thereto as sellers or developers. ii)



Integrated Accounting System : An overview

  Pankaj Pendse    11 June 2012 at 12:02

Integrated Accounting is a distinguished accounting system in which the accounts are integrated and only a single set of accounts are maintained. Essentially it avoids maintenance of Accounts under cost accounting & financial accounting. Thi



Preparation of Cash Flow Statement - Part II

  RaGHuRaM    08 June 2012 at 11:38

Hi, friends! In continuation to my first part Preparation of Cash Flow Statement; Im writing this article to make it easier to prepare the cash flow statement. The second part explains the preparation of working notes. First we are going to s