CAclubindia Articles

A Look at the Payment of Gratuity Act, 1972

G S Rao 15 November 2012 at 12:43

Introduction: Payment of Gratuity Act was enacted with an objective to provide a Scheme for payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and matters

Convergence to Ind AS 16 : Property, Plant & Equipment

Sanjay Chauhan (IFRS) 15 November 2012 at 12:41

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

ERP (SAP) Company Configuration

Ki$hor B 15 November 2012 at 12:40

(The reader is suggested to see my previous article covering some basics in SAP on the link http://www.caclubindia.com/articles/erp-sap-basics-15603.asp before reading this write-up.) Ill try to work my way systematically on configuration.

All about MSME Act 2006 & Opportunities

CS DHANAPAL 15 November 2012 at 12:38

INTRODUCTION The conceptual and legal framework for small scale and ancillary industrial undertakings is derived from the Industries Development and Regulation Act, 1951. The Act provided the necessary powers to the Central Government to amend t

Limited Liability Partnership Model

Tarun M Guntanur 15 November 2012 at 12:37

Limited liability partnerships are relatively new creations that are used for their financial protections. With a general partnership, individuals may be personally responsible for a partner's actions. Limited liability partnerships, or LLPs,

All about Intellectual Properties

CS DHANAPAL 15 November 2012 at 11:45

Intellectual property (IP) has taken a very important role in the economic world today. Long gone are the times when brick and mortar were treated as assets of a company. Today, it is the grey matter inside a human brain that is the asset. Compani

Career as Cost & Management Accountant

CMA Arif Farooqui 15 November 2012 at 11:32

Before liberalisation of Indian Economy, career in finance was perceived as a back office record keeping job; but after the liberalisation it has become much more challenging and interesting. Today, it is seen as a career that provides greater roles

Business Loss set off under Sec.72: Widened scope

CA S.SAIRAM 12 November 2012 at 10:47

Business Loss set off under Sec.72: widened scope The judiciary does play a vital role in the economy by discerning the real intentions of the law. In this regard, the recent rulings with respect to carry forward and set off of losses in the tax law

Capital Budgeting: CMA needs a new look

Indraneel Sen Gupta 12 November 2012 at 10:46

The financial market took a huge turnaround after the debacle of 2008 where demand and supply inequality were the main players. Industrial revolution took a halt across the world and financial market reflected more fearful days. Globa

Role that CA's can play in growth of Indian Economy

Naveen Joshi 12 November 2012 at 10:46

CA, these two letters are pioneer and is mark of Trust, Integrity and Independence. In the growth of a Country CAs play an important role. CAs are the managers of financial recourse of a country. Many CAs are working in service industry and