Accounts Articles

Accounting Frauds

Vijay Kalia 24 February 2012 at 12:04

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl

Human Resource Accounting

CA Prashant Gupta 16 January 2012 at 12:23

Human resource are the greatest assets of any company. You can raise tariffs or prevent MNCs from entering, but you cannot stop employees from leaving if they are unsatisfied.

Basic Steps involving to install the Costing system

CMA Ramesh Krishnan 19 December 2011 at 17:51

Introduction: Costing system is an important tool for Cost control and cost optimization in any type of organization. Each industry has got different type of cost involving in to the operations,

Reconciliation of Accounts

Rahul Gupta 13 December 2011 at 11:53

Reconciliation of Accounts is one of the important day to day activity enables the assigned personnel to complete its job. There are lot of reasons behind the differences arise in Account Balances of various types. Although practically mismatching o

Valuation of Goodwill

C.A Tarun Shah 01 November 2011 at 11:19

Meaning of Goodwill : In a simple terms the word goodwill means a reputation in accounting terms the goodwill means the extra profit available to concern due to various factors i.e lo

Combined Application of AS 11 & AS 16

CA Siddhartha Bhardwaj 28 October 2011 at 11:17

This article deals with the combined application of AS 11 and AS 16. This article defines a situation in which the exchange difference shall be treated as both borrowing cost as per AS 16 and exchange difference as per AS 11. In simple words the e

HAWK' Eye - AS 15 - Employee Benefits

Fahim 22 October 2011 at 15:21

This happens to be one of the most ignored topic by the examiners and hence also by the students of CA profession. But it has to be embarrassing for a qualified chartered accountant

Blackberry - Effective Tool for Time Management

Guest 13 October 2011 at 15:45

BLACKBERRY AS A TOOL I found a marked difference in my life after usage of blackberry for last five years. IN ONE LINE WHAT IS THE BIGGEST DIFFERENCE? YOU CAN CHECK EMAILS IN SMALL SLOTS OR FRACTION OF MINUTES, OF UNPRODUCTIVE TIME DURING THE DAY AN

Spirit Behind IFRS

Guest 11 October 2011 at 11:08

Q1 What are the primary differences with IFRS? GLOBAL vs LOCAL SUBSTANCE vs FORM GROUP vs STANDALONE ENTITY vs COMPANY PRINCIPLES vs RULES FAIR VALUE vs HISTORICAL COSTS BALANCE-SIIEET vs P and L Q2 What is advantage India in whole process?

Scam Management - Does IFRS brings check over it?

Guest 10 October 2011 at 12:20

Everybody in India now knows what is scam? But not everybody knows IFRS. Here is an attempt to highlight how IFRS highlights scams. Let us take some examples how following scams IFRS can highlight well in time. Spectrum scam - Spectrum is an intan