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CONSOLIDATION »

[15 Dec 2008 | No Comment | 5,948 views]

Dears
Would you please explain me what is the difference between affiliates
and subsidaries, and then if there is any difference in accounting
treatments.( i am asking these question w.r.t an investment co.)
2nd thing is how i will treat the personal expenses of a partner which
are being paid by the co. and where i have to show it in the balance
sheet.
Regards,
Hameed

Dear Hameed
The shares of subsidiary company should be owned by holding company
but for affiliates, the relationship is a connected party.
Thanks and regards
Simon

Dear Simon
Thanx for your reply, dear would you please explian me more, …

TRAINING »

[15 Dec 2008 | No Comment | 3,011 views]

Hello ,
Can somebody explain me the difference between CMA,CPA,CA.
which is the best. And also which any other course would u reccomand nowadays which is on a boom n really helpful
Thankyou

hi krish,
CIMA,CPA,CA all are equivalant degree.
CA is basic degree for balance sheet signing.
If u r in london then u can do CIMA and
If u r in US then u can do CPA.
u chose which is comfertable for u.
After completing CA u can do CPA and got some exemption in papers.
CA.Mani

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IFRS »

[15 Dec 2008 | No Comment | 3,249 views]

———- Forwarded message ———-From: Simone Salvi <salvi.simone@gmail.com>Date: Sun, Dec 14, 2008 at 7:46 PMSubject: Fwd: [IFRS List] Basis for Valuation of closing stock.To: elena137.ciao@blogger.com
Forwarded conversationSubject: [IFRS List] Basis for Valuation of closing stock.————————
From: pankaj sharma <sharma.pj@gmail.com>Date: Fri, Sep 12, 2008 at 5:23 AMTo: ifrs@ifrslist.com
Hi,
Can any body tell me how to go for valuation of closing stock of tools& sapres of various machinery parts?
Thanks
–PANKAJ SHARMA———-From: Hemant Tejraj Bhandari <hbhandari@dafza.gov.ae>Date: Tue, Sep 16, 2008 at 10:12 AMTo: ifrs@ifrslist.com
Appropriate method would be weighted average cost.

Best Regards,
Hemant Tejraj BhandariFinancial AnalystDubai Airport Free ZonePO Box …

OTHER »

[15 Dec 2008 | No Comment | 3,164 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 | 4,347 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 | 2,567 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, TAX »

[14 Dec 2008 | 3 Comments | 2,445 views]
How to learn IFRS

Dear All,
please give me the details how to start learning of IFRS.
and how to make career in it.
Thank you
     
 
 
 
 

I am a USA based accountant and wamt to learn more. Curious how much
implemetation has taken place in other countries?

TRAINING »

[14 Dec 2008 | No Comment | 4,039 views]

Dear All ,
I need to attend IFRS classes , Do you know if there is any classes available in Dubai ( Not training sessions ) what i need is  any institute or University or anything else , have IFRS / IAS classes with certificate ( i repeat Not training conferences , by the way they are soooooo expensive i need something acceptable) not 4000 euro per day ( as they do in training programs )}
Thanks for your help
regards

Tony

You can certification in IFRS through accaglobal.com

You can also look at the …

DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 16, IAS 2, IAS 21, IAS 39, IFRS »

[14 Dec 2008 | No Comment | 7,486 views]
Equity investments AFS is a non-monetary items?

Hi all,

We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item. 
Theses equity investments were made without the intention of take control on any compa…

IFRS »

[28 Aug 2008 | No Comment | 2,607 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 »

[28 Aug 2008 | No Comment | 1,786 views]

Hello all,
 
I was wondering what the best ways of getting a copy of IFRS would be?
And what the cheapest or any free ways of getting a copy are? (Electronic is fine)
 
Specifically those relating to getting a company ready for an IPO.
 
Thanks
 
Mark

 
 

 

 
Ali
 
http://212.135.140.61/contentMenu.asp

Is registration free of charge?

Use this link

http://www.ccdg.gov.sg/frs/index.htm
These are Singapore FRS, identical to IAS and IFRS (added 100 to the IFRS number),
Kind regards,
Henk

 

 
 
Yes free of charge

Thanks that looks great!
 

 

Please check the following link. Its the e-learning page of Deloitte designed for IFRS

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IFRS »

[27 Aug 2008 | No Comment | 2,299 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 …

IFRS »

[27 Aug 2008 | No Comment | 2,200 views]

Hi all!
I am a young chartered accountant from India presently working in a reputed engineering company at Baroda, India. In the long run I plan to start a consulting firm focused on IFRS implementation and compliance. In the medium term I plan to get an international exposure particularly in South East Asian countries like Singapore, Malaysia etc. As Indian CA is not recognized as such in those countries I plan to take up international qualifications like ACCA or Singapore CPA although I still have to inquire whether it is possible to …

IFRS »

[27 Aug 2008 | No Comment | 2,362 views]

Dear Sir,
 
I am a Chartered Accountant with more than two decades experience audit including listed and private companies and giving consultancy to various other corporate entities.
 
To become IFRS compliant, what are the Accounting Standards, which need to be modified substantially and what are the factors that need to be considered to make the Corporate India’s Financial Statements to be IFRS compliant.
 
What are the opportunities as an Indian I will have in international area and in emerging economies I will have in the next one or two years and Can I …

IFRS »

[27 Aug 2008 | No Comment | 3,054 views]

Dear Elena,
I understand that accounting standards for smes are still in the drawing boards after asking for comments and suggestions from different sectors. I am a practising accountant in the Philippines.  My concern is on the issue of not-for-profit organization, which in the Philippine context are also known as non-government organizations (NGO’s). These NGO’s are generally funded by grants both from domestic and international funding agencies which have their own reportorial requirements aside from statutory requirements of state regulatory bodies. To satisfy both “users” ,  the  NGO will need to prepare both  special purpose and general purpose …

IFRS »

[27 Aug 2008 | No Comment | 1,520 views]

Forwarded conversationSubject: [IFRS List] standards for sme's:not for profit organizations ————————
From: ann silvers <annsilvers@yahoo.com>Date: Wed, Nov 28, 2007 at 11:40 AM To: ifrs@ifrslist.com

On 11/27/07, ann silvers <annsilvers@yahoo.com> wrote:

November 27, 2007
 
Dear Elena,
 
I understand that accounting standards for smes are still in the drawing boards after asking for comments and suggestions from different sectors.
 
I am a practising accountant in the Philippines.  My concern is on the issue of not-for-profit organization, which in the Philippine context are also known as non-government organizations (NGO's).
 
These NGO's are generally funded by grants both from domestic and international funding …

IFRS »

[27 Aug 2008 | No Comment | 1,434 views]

Hi,

 
I  want to know more about IFRS, even though our country doesn’t apply it, but I am sure IFRS will be the leader for accounting world. At  first,  I am thinking of getting US CPA license, but I do not think it will be useful after several years.  please let me know if i am correct? and I want to know if i want to get license related to IFRS, can someone tell me what kind if license is related to IFRS?
and please tell me some information for it.
I appreciate it.
 

Sherry

Hi Sherry, as far …