CAclubindia Articles

Understanding the US GAAP with Indian GAAP

Posted by Manish Kumar Agarwal 15 October 2012 97414 Views

With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require

Good Things are not Accidental

Posted by Yogesh 15 October 2012 13308 Views

I believe that good things come to those who work. -Wilt Chamberlain Good things are not accidental: If you are supposed to secure first position in exam you have to work hard or study day in day out, it cant happen just bec

Short Note on Financial Analysis and Planning

Posted by Ajay Mishra 15 October 2012 33978 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

XBRL Filing of Financial Statements

Posted by CS DHANAPAL 13 October 2012 29275 Views

SECTION A XBRL FILING OF FINANCIAL STATEMENTS XBRL is the acronym for Extensible Business Reporting Language. As the name itself suggests, it is a language for presentation of data which permits easy analysis and interpretation thereby r

Cenvat For automobile Dealers

Posted by CA Ankit Bhutoria 13 October 2012 21442 Views

Brief Introduction Generally Automobile Dealers are engaged in three main activities i.e. Selling of Vehicles, Selling of Spare parts of vehicle, and working as an Authorized Service Station on behalf of the principal. In the course of selling

Interpretation of Statutes

Posted by *RENU SINGH * 12 October 2012 112256 Views

Statutes mean an act passed by legislative body. So interpretation means explanation of the same. Interpretation of statutes is needed when language of law is not clear or has ambiguous meaning. These interpretations are

Time-Time ki Baat Hai - Part II

Posted by Prof. Bajaj 12 October 2012 15484 Views

Hey Niraj, am back to seek your help again said Uncle Shrikant to his nephew Niraj Desai. Completely my pleasure uncle, please tell me, how can I be of help to you. Said Niraj Shrikant: As you know, my younger son, Aaka

Accounts Payable Process

Posted by Ki$hor B 12 October 2012 67896 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

Importance of study plan

Posted by Prakruthi .S 12 October 2012 49862 Views

WATCHWORDS: Practice, Patience, Perseverance; Plan your work and work your plan; There is no substitute for hard-work and discipline. Most of the ti

Acounting for Cenvat

Posted by Venkatanarayana GM 12 October 2012 22531 Views

Introduction: Accounting under service tax is one of the important aspects for the assesses in the organization . In this article we would like to highlight some important basic accounting entries with regard to service tax. So that, the organi