This study highlights the concept of depreciation and eligibility of assessee for charging depreciation as per Income Tax Act. The rules for charging depreciation have been changed from time to time. The study presents the rules of depreciation from the Assessment Year (AY) 1966-67 to 2012-13....

Management of working capital is a crucial task for every manager in an organization, because it directly affects the liquidity and profitability of an organization. The present study investigates the importance of working capital management and its impact on profitability of Indian Oil...

This study analyzes the influence of discretionary accruals on earnings management practices carried out by the Indian service sector firms, viz., telecom and software. In this study, DeAngelo model has been used for calculating discretionary accruals that identifies the presence of earnings...

A proper disclosure of valuation of finished goods inventory is required for consistent and accurate financial statements. Accounting Standard (AS)-2 is specifically devised for this purpose. This paper makes an attempt to compare the actual prevailing practices of disclosure of cost formulae in...

Value-based accounting has significant impact on financial reporting of organizations. Value-based accounting distinguishes itself from traditional cost-based accounting by including the future outlook. This paper attempts to provide the present scenario of value-based accounting with respect to...

A financial reporting system supported by strong governance, high quality standards and firm regulatory framework is the key to economic development. Indeed, sound financial reporting standards underline the trust that investors place in financial reporting information and thus play an important...

This paper is an attempt to measure and evaluate voluntary Intellectual Capital (IC) disclosures made by Indian pharmaceutical and software companies in their annual report. The research technique called content analysis has been used to measure the extent and nature of disclosure in 24 sample...

The purpose of this study is to analyze the disclosure practices through web by Indian companies and investigate empirically some company characteristics as determinants of such practices. Using a 56-item index, content analysis of websites was performed for 181 largest Indian-listed companies....

Digital analysis has become an accepted tool for computer forensic examination of suspicious financial transactions. A major component of digital analysis is Benford’s Law which postulates that in accounting data not subject to substantial error or fraud, significant digits are not uniformly...

In 2008, as part of its annual improvement process, the International Accounting Standards Board (IASB) amended IAS 40: Investment Property, to include property under construction or development for future use as investment property (investment property under construction) in its definition of...