Did You Know ?

1

What is Backorder Cost

Backorder Cost is a Cost which is incurred by a business when it is unable to fill an order and must complete it later. It is a real and perceived… Read More

Escalation Graphic

What is Escalation & De-Escalation Clause?

An Escalation clause (also known as Escalator Clause) is a clause in a contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting… Read More

Sunk Costs

What is Sunk Cost

Sunk Cost is also known as ‘Past or Retrospective, embedded cost, prior year cost, or sunk capital’. Sunk costs are costs which cannot be recovered once they have been incurred. Since they are costs… Read More

Double Money

Paper Money or Tissue Paper

 This article on Paper Money or Tissue Paper has been compiled by CA Prashant Singh.  ---------------------------------------------------------------------------------------------------------------------------------------------------------- What if the currency you hold is just a colored paper with numbers? Does… Read More

Cash-Flow-statement-Direct-Indirect-MEthod

Cash Flow Statement – Direct & Indirect Method

Cash Flow Statement also known as Statement of Cash Flows is a statement which shows the Changes in the Cash Position of an organisation between 2 periods. Along with showing… Read More

Funds-Flow-Statement

Funds Flow Statement: Meaning & How to Prepare

Funds Flow Statement is a statement prepared to analyse the reasons for changes in the Financial Position of a Company between 2 Balance Sheets. It shows the inflow and outflow… Read More

SOX – Sarbanes Oxley Act

Sarbanes Oxley Act is also known as ‘Public Company Accounting Reform and Investor Protection Act', 'Corporate and Auditing Accountability and Responsibility Act', SOX & SARBOX. The possible questions that strike… Read More

XBRL-efiling

E-Filing Balance Sheets in XBRL Format with MCA

XBRL (Extensible Business Reporting Language) is another advanced reporting language of the XML family. XBRL ensures that the figures reported to government authorities and other organisation does not remain dormant… Read More

MCA-21

MCA 21 – Services Available and Benefits

With the opening of the economy towards globalisation, our corporate world requires world-class governance system. The essence of corporate world lies in promoting compliance of the law in letter and… Read More

DIN

Director Identification Number (DIN No.)

The concept of a Director Identification Number (DIN) was introduced for the first time in India with the insertion of Section 266A to 266G of Companies Amendment Act, 2006. The… Read More

IIM

IIM’s to give more preference to Females & Non-Engineers

The most common thing at most of India’s premier institutes is that most of the students are males. And when we talk about IIM’s – those males have another thing… Read More

Answer-Sheets

Good News: Now all Students can view their Answer Sheet: Supreme Court

In a landmark judgement which would be thanked by the Student Fraternity across India, Supreme Court on 9th August 2011 has announced that any Student aggrieved by the marks awarded… Read More

IIM-Class XII

Now get Admission into IIM directly after Class XII

IIM aspirants will not have to wait for a Graduation Degree anymore as IIM Indore has launched a Integrated 5 year Post Graduate Diploma in Management with the eligibility for… Read More

human-resource-accounting

What is Human Resource Accounting?

Human Resource Accounting is the process of identifying and measuring data about Human Resources and communicating this information to the interested parties. It is an attempt to identify and report… Read More

Dhirubhai Ambani

All about Dhirubhai Ambani

Dhirubhai Ambani (28 Dec 1932 to 7 July 2002) is a rags to riches story who founded Reliance in Mumbai in the year 1957. He took a public issue of… Read More