Accounts Articles

Accounting for Employee Stock Option Plan [ESOP]

CA. Rayan Sequeira 06 October 2007 at 16:15

Securities and Exchange Board of India issued ESOP guidelines in 1999. The idea behind this was to reward and motivate employees for their commitment and hard work. SEBI defines employee stock options as ¡§option given to the whole-time directors, of

Win or Loose The option is Your's

CA. Rayan Sequeira 06 October 2007 at 16:15

The turnaround in the Indian economy has paved way for new & sophisticated Financial instruments to mark their arrival on the scene, thereby broadening the "Investors' Basket". In the year 2000, the Indian capital markets welcomed one of such ins

Exposure draft on AS 12

CA. Rayan Sequeira 06 October 2007 at 16:15

The Institute of Chartered Accountants of India (ICAI) has come up with the exposure draft on AS 12(revised). AS 12 (exposure draft) deals with accounting for Government grants and disclosure of Government assistance. AS 12 deals with the accounting

Accounting as a "Language of Business"

CA. Rayan Sequeira 06 October 2007 at 14:15

Accounting as a "Language of Business" communicates the financial results of an enterprise to various users. It is pertinent that in order to evaluate the financial results of the enterprise one has to compare the financial status of an entity with

AS 28 impact on OIL & GAS companies

CA Nikita 04 October 2007 at 01:12

D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair

Sweeping away GAAP

CA Nikita 02 October 2007 at 14:17

Sweeping Away GAAPFASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.Marie Leone, CFO.comOctober 01, 2007At an industry conference Friday morning, Financial Accounting Standards Board chairma

AS 17 likely to change with convergence

riya 01 October 2007 at 03:59

Dolphy D'Souza The Institute of Chartered Accountants of India (ICAI) recently decidedthat Indian Accounting Standards will be fully in line with the IFRS(International Financial Reporting Standards) from April 1, 2011. Thechange from Indian GAAP (Ge

Accountant Malpractice Lawsuits - Collection Tool for Lenders?

riya 30 September 2007 at 22:20

Accountant Malpractice Lawsuits - Collection Tool forLenders?By Grusd, Neville Lenders occasionally sue accountants for malpractice.This generally occurs when the lender suffers a lossand claims that the advances were made in reliance onincorre

Scepticism on ethics all-pervasive

CA Nikita 25 September 2007 at 15:51

Whenever in the classroom I discuss contemporary principles and methods for the preparation and presentation of financial statements, with executive and students, I always see discomfort gripping the participants. They express concerns that current p

tally import data

Ritesh 30 August 2007 at 16:06

Import TALLY Data / Export TALLY Data Tally allows users to Import data from other software's as well as Export data from Tally to other software's. Tally allows users to Import and Export in ASCII, SDF and XML formats. XML is now the most widely use