Accounts Articles

Revised Schedule VI - An Overview

Aravind.. 13 August 2012 at 11:24

What is the primary objective of a financial statement? A financial statement is the language of a business through which it communicates. It is a summary of the business performance for a defined period. A summary always req

Demand & Time Liability of Savings Bank Account

Member (Account Deleted) 09 August 2012 at 11:46

DEMAND AND TIME LIABILITY OF SAVINGS DEPOSITS DEMAND LIABILITY IS ONE WHICH IS DEMANDABLE AT ANY POINT OF TIME WHEREAS TIME LIABILITY IS ONE WHICH IS CORE PORTION AND NOT DEMANDABLE FOR A LONGER PERIOD. WHEN INTEREST ON SAVINGS DEPOSITS

Real Estate/EPC Contracts : Draft Guidance Note for Cost Records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Real Estate/EPC Contracts : Draft Guidance Note for Cost Records By Navneet Kumar Jain, Practising Cost Accountant, Delhi Institute of Cost Accountants of India has recently released a draft guidance note on the maintenance of cost records in respec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