we moved on to our new office very recently. all the furniture and fixtures were got new and we opted for a lease for the payment of these. Thru the Lease arrangement we are required to pay a monthly lease rental to the funder.Will it be ok for us to treat such a lease as an operating lease in the books.We dont intend to possess the assets after the expiry of the lease term...Please advice..

NET SALES REVENUE 475000
COST OF GOOD SOLD 200000
GENERAL EXPENSES 100000
DEPRICIATION 50000
PBIT 125000
INTEREST 25000
PBT 100000
TAX @ 40% 40000
PROFIT AFTER TAX 60000

Q.1 WHAT IS ANNUAL CASH INFLOW CONSIDERING INTEREST EXCLUSION
PRINCIPLE WITHIN NPV METHOD?
Q.2 WILL WE TAKE TAX SAVING ON INTEREST , REASON?
Q.3 WILL WE IGNORE INTEREST DUE TO ABOVE MENTIONED PRINCIPLE
, GIVE REASON?

I WILL BE THANKFUL FOR YOUR RESPONSE , THANK YOU IN ADVANCE.

Hello Everyone,

I am new to this forum but find it an excellent platform to exchange ideas and get help to any queries one may have.

I am currently based in singapore studying master's degree in international accounting which more or less emphasises on International Financial Reporting Standards.

I need a big favour in regards to a couple of assignments that I am working on. The first one is based on a few questions related to accounting treatment under IFRS and the second one relates to Net Present Value with sensitivity as well as scenario analysis.

I would be highly greatful if any one can give some time and help me out with these queries. Thanks a lot in advance.

Please contact me on bgarima01 at the rate of googlemail dot com

Regards,

Garima

Dear Sir,

Explain me the Consignment sale concept.
What are the accounting entries are required to be passed when goods exported are still in transit at the year end.

Respected Members,


I m C.A. final student & iwant to Know from where i should start my Financial Management subject



Premal Gor

bank audit details & accounting systems

On what basis do we account pre-operative expenses and Pre-operative gains.Is there any guidance note on them. whether exchange gain on restatement of loans taken for acquiring fixed assets is too be added to CWIP or to be recognised in the profit and loss a/c for periods comencing on or after the accounting standards are adopted by the companies act (with respect to notification issued by the ministry of corporate affirs on 7th Dec 2006(regarding the adoption of AS)

Hi Dear,

If we have imported some goods and now we have to record it then what should be the rate of exchange (buying rate or selling rate)and what should be sound date to book in record

Please send me Bank Reconciliation Software & other necessary information.

Please send me Bank Reconciliation Software & other necessary information.