Inventories happens to be the largest single line item in trading firms and public utilities and the second largest item in many manufacturing firms after fixed assets. So it is very important for every company having the inventory to follow a consistent and well-devised method of inventory...

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...

International Financial Reporting Standards (IFRS) are designed as a common set of language for business affairs so that company accounts could be understandable and comparable across international boundaries. IFRS leads to changes in the financial statement of the company. In order to check...

The rapid growth of automation due to information technology has changed the scenario of cost structure in the manufacturing industry. The main challenge confronting the manufacturing industry is the increase in the cost of production. The main factor which contributes to the cost of production...

India – a country diverse in culture and religion, strong in will – and manpower, large in size and opportunities – has become a highly wooed automobile market. Despite the impact of the financial and economic crisis, India's automobile economy is booming. Due to global financial crisis...

Economic Value Added (EVA) has received a lot of recognition as a measure of shareholder value creation. While the measure has been widely used for the purpose all over the world, many research studies have appeared to examine variety of issues related to EVA. An attempt has been made in this...