How many effective Accounting Standards are there issued by ICAI?
The Council of ICAI has been issued 32 Accounting Standards so far. AS 8 which pertain to “Accounting for Research and Development” has been withdrawn consequent to the issue of AS 26 on “Intangible Assets”. Thus effectively, there are 31 Accounting Standards at present. The following are the mandatory Accounting Standards as on July 1, […]
Benefits and Limitations of Accounting Standards – IPCC Group 1 (Paper 1)
Accounting Standards aims to disseminate the true information about financial position and profitability of an enterprise to the stakeholders for prudent management decisions, by preparing and presenting the financial information by applying the valuation techniques and methods of accounting principles, thereon. By setting the standards the accountant has following benefits. Reduce Alternative Accounting Treatments By […]
Customize ad size using the Custom Ad Size Ad Unit
Google Adsense has recently launched a new kind of Ad Unit called Custom Ad Size under Other – Custom Ad size. To meet the requirements of the publishers for displaying ads according to their ad space size, it released. Since its inception in 2003, it has supported recommended Ad sizes from 300×250 – Medium Rectangle […]
Accounting Standard Interpretations in India – IPCC Group 1 (Paper 1)
In the process of application of the Accounting Standards while drawing up the Financial Statements and its presentation, some practical questions would rise in the starting stage. To answer these issues Accounting Standard Interpretation(ASI) were issued. Earlier these were issued by the Accounting Standard Board. ASIs are issued after the AS issuance on the relevant […]
Accounting Standard setting process in India – IPCC Group 1 (Paper 1)
ICAI, the premier (most important) accounting body in India, has constituted the Accounting Standards Board(ASB) in 1977. Accounting Standard Setting and Issuing procedure is initiated by the ICAI and it is fully Consultative (Advising) and Transparent In the Standard Setting process ASB will consider the following International Standards while drafting the Standard. International Accounting Standards […]
Accounting Standards in India, an Introduction – IPCC Group 1 (Paper 1)
Accounting Standards in short known as “ASs” are the Written Policy Documents issued by Expert Accounting Body(or), Government(or), Other Regulator Body And these Standards cover the aspects of recognition, measurement, presentation and disclosure of Accounting Transactions. The ostensible (clear) purpose of the Accounting Standards, set up by the Standards Setting Bodies, is to disseminate the […]
Run Adsense Performance Report with Local Currency
Dear Adsense Publishers, the base currency for most of us will be different that the Payment Currency by the Google Adsense i.e. US Dollar. Most of us would be willing to visit our Performance Report in our own currency rather that the default one, i do want to see the report in my Indian Currency […]
Disallow Company Accounts to open in Tally Education Mode
Tally ERP 9 has come with both Licensed as well as Educational mode. The main objective of the Education mode is to enable the students and learners to understand the powerful Accounting Package Software. When you have a licensed software you will be provided with full access to all the features of the software. When […]
Quickly delete a ledger in Tally
Deleting a Ledger in Tally Accounting Package is as simple as pressing two keys task. Tally ERP 9 supports to delete any ledger except Profit & Loss A/c from your Company Accounts either it is of Sundry Debtors, Fixed Asset, or Indirect Expenses. You don’t need to worry about data missing problem in your company […]
Working with Company for Accounting in Tally ERP 9
When you open the Tally ERP 9 software you ought to select a Company from the list of companies to start accounting your daily business transactions. When you open the application by default it will load a Company with Company ID 10000, even though you can select a different Company or list of companies to […]
Adsense New Home Page for Publishers – Quick Look
The Adsense Team has simplified the Home page of the Google Adsense for smoother and easier navigation of all the aspects of the Adsense Account. We can have quick look about our Estimated Earning, and Scorecard. These two were common when we compare with the previous home page, but Adsense has added Performance section at […]
Have a own URL for your Google+ Profile
A Customized URL for any Social Network profile page is preferable as it is easy to remember and get directly to the Profile page instead of search for that profile just like Facebook.com/VenkkateshCA. When it comes the Google+ social network, it will give you a random URL for your profile like Google.Com/108634912960758051829 rather than with […]