Accounts Articles

Convergence to Ind AS 16 : Property, Plant & Equipment

Posted by Sanjay Chauhan (IFRS) 15 November 2012 18484 Views

Introduction India has principally agreed to converge to IFRS by implementing Revised Schedule VI, being the first constructive step in the journey. Let us appreciate the requirements of accounting for fixed assets in specific under Ind AS (ie IFR

Merger and Acquisition basics

Posted by Member (Account Deleted) 02 November 2012 25253 Views

Merger & Acquisitions Merger refers to a situation where two or more existing firm combine to form a new entity either a new firm is incorporated or one of the existing firm survives and another is merged with it. Acquisitions and takeover r

Accounting for Service Tax under point of taxation regime

Posted by Member (Account Deleted) 25 October 2012 94674 Views

Back-ground The Ministry of Finance has brought into force the Point Of Taxation Rules 2011 from July 2011. Although it has been nearly a year since these rules have been brought into eff

Various methods of Project finance

Posted by Sumit Jaiswal 17 October 2012 209758 Views

Introduction: For whom is it important to understand project finance? Financial managers Sponsors Lenders Consultants and practitioners Project managers Builders Suppliers Engineers. Researchers Students.

Short Note on Financial Analysis and Planning

Posted by Ajay Mishra 15 October 2012 33984 Views

The basis of financial analysis, planning and decision making is financial information. A firm prepares final accounts viz. Balance Sheet and Profit and Loss Account providing information for decision

Accounts Payable Process

Posted by Ki$hor B 12 October 2012 67906 Views

I was puzzled when my colleague, a new joiner, came up and said I find the Accounts Payable process a double dutch, payments made by cheque should be easy peasy (lemon squeezy). I peeped into his educational background and found him

Treatment of Proposed Dividend under Revised Schedule VI

Posted by MOHAMMAD SALIM 12 October 2012 156367 Views

A) INTRODUCTION Revised Schedule-VI has been promulgated by Ministry of Corporate Affairs, Government of India vide Notification No S.O. 447(E) dated 28th February,2011. In said notification reference has been made to the Accounting Standards noti

Taxation Entries

Posted by Member (Account Deleted) 11 October 2012 121193 Views

The actual taxation entries are most important things as they clears the Balance sheet picture and gives real result. Before going to understand the taxation entries, we should clear the various heads relating to Income Tax. [1] Provision for In

Revised Schedule VI Head Wise Classification Concepts

Posted by MOHAMMAD SALIM 10 October 2012 132966 Views

As we know the Revised Schedule VI has introduced a concept of classified balance sheet. Para 1 and 3 of General Instructions for preparation of Balance Sheet defines current assets / non-current assets and curre

Specific Issues in Revised Schedule VI - Part - II

Posted by CA Sourabh Agarwal 08 October 2012 33421 Views

In continuation of earlier article on topic Specific Issues in Revised Schedule VI, I am now here to discuss certain issues on Assets Side of Balance Sheet. Here we have a residual head named as Other Non Current Assets&