Difference between affiliates and subsidaries

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 [...]

By |December 15th, 2008|CONSOLIDATION|0 Comments


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 [...]

By |December 15th, 2008|TRAINING|0 Comments

Fwd: [IFRS List] Basis for Valuation of closing stock.

---------- Forwarded message ----------From: Simone Salvi <>Date: Sun, Dec 14, 2008 at 7:46 PMSubject: Fwd: [IFRS List] Basis for Valuation of closing stock.To: elena137.ciao@blogger.comForwarded conversationSubject: [IFRS List] Basis for Valuation of closing stock.------------------------From: pankaj sharma <>Date: Fri, Sep 12, 2008 at 5:23 AMTo: ifrs@ifrslist.comHi,Can any body tell me how to go for valuation of closing [...]

By |December 15th, 2008|IFRS|0 Comments

Company/ business valuation

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 -- [...]

By |December 15th, 2008|OTHER|0 Comments

What is this ACCA?

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 [...]

By |December 15th, 2008|TRAINING|0 Comments

Training centre for IFRS course of ACCAI?

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 [...]

By |December 15th, 2008|TRAINING|0 Comments

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?

By |December 14th, 2008|IFRS, TAX|3 Comments

IFRS lectures

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 [...]

By |December 14th, 2008|TRAINING|0 Comments

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...

By |December 14th, 2008|DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 16, IAS 2, IAS 21, IAS 39, IFRS|0 Comments


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 [...]

By |August 28th, 2008|IFRS|0 Comments

IFRS documentation

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 [...]

By |August 28th, 2008|IFRS|0 Comments

AICPA Audit and Accounting Guide Health Care Organizations

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 [...]

By |August 27th, 2008|IFRS|0 Comments

Please guide on this

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, [...]

By |August 27th, 2008|IFRS|0 Comments

Implementation of IFRS in India

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 [...]

By |August 27th, 2008|IFRS|0 Comments

Fwd: [IFRS List] standards for sme’s:not for profit organizations

Forwarded conversationSubject: [IFRS List] standards for sme's:not for profit organizations ------------------------From: ann silvers <>Date: Wed, Nov 28, 2007 at 11:40 AM To: ifrs@ifrslist.comOn 11/27/07, ann silvers <> 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 [...]

By |August 27th, 2008|IFRS|0 Comments

Standards for sme’s:not for profit organizations

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 [...]

By |August 27th, 2008|IFRS|0 Comments

Hi! I want to know how to get related license about IFRS

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 [...]

By |August 27th, 2008|IFRS|0 Comments