Accounts Articles

Books of Account u/s 209 of the Companies Act,1956

Posted by G S Rao 05 April 2012 135635 Views

Introduction Section 209 is one of the most important sections in the Companies Act, 1956. This section deals with the requirements of maintenance of books of accounts and penalties for non compliance. A detailed analysis of the provisions of Sect

Revised Schedule VI - Paradigm shift and Impact

Posted by CA S.SAIRAM 03 April 2012 70809 Views

The Revised Schedule VI which is to come with effect from 1.4.2011 is intended to mandate a presentation format which will facilitate showing what would have been accounted under the upcoming I

IFRS- Impact on Country's GDP

Posted by CA S.SAIRAM 02 April 2012 18137 Views

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Basic - Operating and Finance Lease

Posted by RAHUL GANDHI 31 March 2012 128155 Views

LEASE (FINANCE AND OPERATING) AS -17 Definition:- Finance Lease :- A finance lease is a lease that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred. In other wor

About Revised Schedule VI

Posted by Naveen Chand Khulve 31 March 2012 29302 Views

Ministry of Corporate Affairs has amended the schedule VI which is required to be implemented by the companies from Financial Year 2011-12 along with regrouping last year figures. Following are the changes in Revised Schedule VI.

Costing for Service sector - An overview Part-1

Posted by CMA Ramesh Krishnan 12 March 2012 41562 Views

Costing for Service sector An overview- Part-1 Introduction: Costing is a typical process in each and every sector. It is a very important area to concentrate for all the sectors. Not like earlier only Manufacturing industry apply Costin

Salient Features Of IAS 16: Property, Plan and Equipment

Posted by subodh kumar 12 March 2012 15425 Views

IAS 16 pertains to the Property, Plant and Equipment: - their accounting treatment, recognition and determination of their carrying amounts, depreciation charges and impairment losses. Some of the major points of this standard with reference to the

Accounting Standards in IPCC Exams

Posted by Abhimanyu Bind 03 March 2012 61599 Views

Hi, friends. Hope you all are busy in revisions for your IPCC/PCC Exams. Till now, you have done all chapters of Account subjects. But here, the purpose of writing this Article is to pay your attention on a very important part of Account Sylabus, y

Shares held as investment & Shares held as Stock-in-Trade

Posted by Anooj 01 March 2012 16643 Views

Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinction 1.The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capit

PCC Preparation Style

Posted by *RENU SINGH * 28 February 2012 40261 Views

Hello everyone. Good morning. Accounts is totally practical exam. But still contain theory and theory questions repeat everytime. So I really request to all of you to please complete the compiler and read the paper's theory till year 2000.