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EVENTS, IFRS »

[18 Jun 2009 | One Comment | 1,474 views]

The AICPA and IASC Foundation’s International Financial Reporting Standards (IFRS) in North America 2009 (October 29-30, 2009 in New York with Pre-Conference Workshops October 28) conference features in-depth presentations, panel discussions and extensive Q&A sessions on the most current developments impacting you and your organization with Sir David Tweedie from the IASB, Bob Herz from the FASB, leaders from other U.S. Regulatory bodies in addition to Paul Volcker (participtation is subject to confirmation), Chairman, U.S. Economic Recovery Advisory Board. Delegates will hear from companies that have already adopted IFRS, giving …

OTHER »

[15 Dec 2008 | No Comment | 1,397 views]

i need different methods of valuing a company both quoted and unquoted
companies. Detailed note and explanations would be appreciated please.Deji.

Appropriate method would be weighted average cost.
Best Regards,
Hemant

Hi,
Can any body tell me how to go for valuation of closing stock of tools
& sapres of various machinery parts?
Thanks

PANKAJ

AICPA has issued a standard on valuation services…that is quite informative.
Regards
RV
you may get through this link below ….caution…abide by its
conditions…copyright et al.
http://fvs.aicpa.org/NR/rdonlyres/672E1DD4-2304-47CA-8F34-8C5AA64CB008/0/SSVS_Full_Version.pdf

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TRAINING »

[15 Dec 2008 | No Comment | 2,521 views]

I’m a CPA from the US. Is the ACCA something I should join? I’m a
member of the IMA and the AICPA in the US. Is ACCA some kind of
upstart or does anyone find it to add value to their careers and is it
recognized by global employers?
Thanks for the opinions, mostly just curious here.

Dear Justin,
ACCA is a British qualification mostly recognisted by European based
mutlinational corporations, British in particular. Please also consider
CIMA which is also Brtish qualification with more focus on management
accounting (controlling). With both qualifications you can take IFRS
path.
Please visit www.accaglobal.com …

TRAINING »

[15 Dec 2008 | No Comment | 1,341 views]

Where can I find the training centre for IFRS in Mumbai – India, if I
register for course in IFRS with ACCA.
Regards
Asif

Asif,
ACCA provides Certification and Diploma in IFRS. You can take either
one of them as both are recognised. Certification is online but
Diploma in IFRS has examinations that are held every June & December
with exam center being in Mumbai.
THanks
Puneet

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IFRS »

[28 Aug 2008 | No Comment | 1,433 views]

Hi all!
Can you tell me the journal entry of this prblem…
Goods sold Rs.10000
Discount on cash payment 5% 
Add tax 4%
Plz journalize it!

Sales                    10.000 Credit
Sales discounts          500 Debit
Tax payable               380  Credit
Cash                      9.880 Debit

Is this IFRS related? Or is this an accounting course exercise?
Cagri Gurses wrote:

Agree with the below. However, not sure if he means 4% tax on the 10k or
inclusive in the 10 k. If over and above, then theJEs could look like this
as shown below (broken down for easy understamding). I dont think if it is
inclusive in the 10k that …

IFRS »

[27 Aug 2008 | No Comment | 1,013 views]

Good morning,
Could anybody please guide me where I can find the full text of “AICPA Audit and Accounting Guide Health Care Organizations”?? Thanks in advance.
Cheers,
Abed

Are you looking for a particular chapter in the guide? The reason I ask is because those guides are usually 12-15 chapters long and usually need to be ordered through the AICPA. If you have access to an online research tool, at least in the U.S it is part of the research package. A couple of packages that are pretty good are RIA-Thompson’s Checkpoint and …