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Post			Author	Forum	Replies	Views	Posted [desc]
		Thread: Revaluation and impairment of assets Post: Salam to all. Dear Mr Umer, i would like to tell ... Salam to all. Dear Mr Umer, i would like to tell you that when a co. decides to purchase an asset, it makes a budget known as Capital Budget. in that, the co. estimates the VIU & all the related prob...	bilalfca	Accounting and Audit	15	7,400	02-14-2011, 02:24 AM
		Thread: Preferred method for depreciation. Post: salam. well, i think & as prescribed in IAS-16, t... salam. well, i think & as prescribed in IAS-16, that method of depr. should be used that truly reflects the expected consumption of any particular asset keeping in view the other factors like obsoles...	bilalfca	Accounting and Audit	7	3,690	02-14-2011, 02:39 AM
		Thread: Revaluation and impairment of assets Post: salam i've really enjoyed this fruitful discussio... salam i've really enjoyed this fruitful discussion. now, can any plz discuss/share info about Desktop Revaluation!! what is it? is it prohibited in IAS-16 etc........................ thankx	bilalfca	Accounting and Audit	15	7,400	02-15-2011, 03:28 AM
		Thread: Leases: IAS-17 Post: Leases: IAS-17 salam. i've a question for the members of the forum now a days, leasing companies are leasing the assets on a Floating Rate of Interest,say KIBOR, how can we , as a lessee, record an asset in our bo...	bilalfca	Accounting and Audit	1	1,447	02-15-2011, 03:41 AM
		Thread: bad debts provision query Post: salam mk10018. well accorrding to my knowledge,... salam mk10018. well accorrding to my knowledge, concerning Q.2 u are right about that coz if there was no provision, then your profit will be higher by 120, and when you add that profit to capital ...	bilalfca	Accounting and Audit	2	1,903	02-15-2011, 03:57 AM
		Thread: interest and islam Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by mintblue hey all.. I dont seem to understand the fact that we are not supposed to charge interest in islam.why is it haram?the Quran says that "neither the lender nor the b...	bilalfca	Accounting and Audit	204	156,733	02-15-2011, 04:08 AM
		Thread: Revaluation and impairment of assets Post: Dear Scheaeb i've a question about VIU if a co h... Dear Scheaeb i've a question about VIU if a co has purchased an asset in year 2010, say at the start, and doesn't use it (plz keep technical obsolescence of the asset in mind) coz of any reason, do...	bilalfca	Accounting and Audit	15	7,400	02-16-2011, 02:59 AM
		Thread: Let us introduce ourselves Post: salam to all members. well i've just joined this ... salam to all members. well i've just joined this forum. i would like to introduce myself as well. my name is Bilal Iftikhar. m from Bagh, Azad kashmir. m doing CA, qualified Foundation in the last a...	bilalfca	Meet the members	741	473,976	02-16-2011, 03:12 AM
		Thread: admissible and inadmissable deductions Post: salam. well faisal, u r right but one thing is mi... salam. well faisal, u r right but one thing is missing in ur calculations, according to my knowledge, i.e., Lease Renatls are admissible deductions which should be deducted and Finance Charges should...	bilalfca	Tax	4	2,921	02-16-2011, 03:37 AM
		Thread: Revaluation and impairment of assets Post: Dear Dard! i just want a clarification, in both... Dear Dard! i just want a clarification, in both scenarios, does it mean that VIU for year 2010 is nil (if the asset is purchased in 2010)? suppose that asset is a Vehicle. now, if that vehicle ...	bilalfca	Accounting and Audit	15	7,400	02-17-2011, 01:07 AM
		Thread: Let us introduce ourselves Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Dard Bilal it is against ICAP's regulations to use the designation ACA or FCA if you are not an ACA or FCA. You can be subject to disciplinary action. Dear Dard, i've p...	bilalfca	Meet the members	741	473,976	02-17-2011, 01:16 AM
		Thread: tax on Rent Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by faisal_desperado Dear, You may select any method of your choice, since in both cases, there will have no differentiation in tax outlay. Whether you pay the tax on whole a...	bilalfca	Tax	10	3,864	02-18-2011, 02:05 AM
		Thread: Capitalize or Expense out? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by human A laptop costs Rs 50,000. After few months of its purchase its LCD gets damaged and the replacement of LCD costs Rs 20,000. Should we expense out or capitalize th...	bilalfca	Accounting and Audit	13	6,219	03-16-2011, 02:27 AM
		Thread: Capitalize or Expense out? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Farooq.authorities it will be revenue expenditure coz the the LCD has broken by conduct of the user.. it can not be treated as compulsory payment like TAX, Import Duty etc....	bilalfca	Accounting and Audit	13	6,219	04-12-2011, 03:19 AM
		Thread: Capitalize or Expense out? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by basit_namdar For example if the laptop is capitalized at 50000 and we add another 20000 for LCD than the total will be 70000 for that laptop. but the cost of laptop in marke...	bilalfca	Accounting and Audit	13	6,219	04-14-2011, 05:34 AM
		Thread: Quote of the Day Post: "apni zuban ki taizi os maa pe mat aazmao jis ne t... "apni zuban ki taizi os maa pe mat aazmao jis ne tumhain bolna sikhaya...."	bilalfca	General Discussion	771	278,257	04-17-2011, 06:59 AM
		Thread: Accha tu ham chaltay hain Post: na bhai, sari awam nhn hai busy!! awam so rhi hai... na bhai, sari awam nhn hai busy!! awam so rhi hai bs.........	bilalfca	General Discussion	5	2,867	04-17-2011, 07:03 AM
		Thread: the happiest day of life..... Post: the happiest day of life..... the happiest day of my life is......................... when i accidentally qualified the foundation exams of CA!!	bilalfca	General Discussion	4	2,234	04-17-2011, 07:06 AM
		Thread: the happiest day of life..... Post: come on all members... share your happiest day/mo... come on all members... share your happiest day/moment of life too......................	bilalfca	General Discussion	4	2,234	04-17-2011, 07:08 AM
		Thread: Quote of the Day Post: "yesterday is history, future is mystery.... but t... "yesterday is history, future is mystery.... but today is a gift, that's why it's called present!" use ur gift!	bilalfca	General Discussion	771	278,257	04-19-2011, 09:53 PM
		Thread: Posting commission in a sales invoice Post: salam.. Bijith my understanding is if u h... salam.. Bijith my understanding is if u have made sales of $100 for Cash and the commission is, say, $10 for that (and is payable), the entries for this transaction will be 1) Cash ...	bilalfca	Accounting and Audit	14	4,666	04-19-2011, 10:22 PM
		Thread: Pros/Cons of I.Com/CA, FIA/ACCA/CA Post: salam. dear hassan go for ur choice # 1. tha... salam. dear hassan go for ur choice # 1. that's far better option. I.com is a good option, then go for CA! "have the power to do and everything will be urs!"	bilalfca	Students	3	1,943	04-20-2011, 03:10 AM
		Thread: ICAP discriminating against ACCA Post: well well well..... kamran bhai, great discussi... well well well..... kamran bhai, great discussion, no doubt! we are proud to be CA. Khani8 I just want to say one thing, CA is much cheaper then acca.. m sure, u wrote the opposite thing! l...	bilalfca	Students	46	13,262	04-20-2011, 03:24 AM
		Thread: What Books U studied in Mod D Post: w salam dear, for cost accounnting, the book of... w salam dear, for cost accounnting, the book of Matz & Uzry (Volume 7th) will be good along with Cost Accounting Questions & Answers by PAC. For CLW, the book of Nazir Ahmed Shaheen will be bene...	bilalfca	Students	2	1,695	04-20-2011, 03:41 AM
		Thread: Posting commission in a sales invoice Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Dard You are right bilal. Kindly read my last post, i have given the same solution Salam thanks for ur reply, i really appreciate it. i just want a clarification,...	bilalfca	Accounting and Audit	14	4,666	04-20-2011, 03:44 AM
		Thread: Posting commission in a sales invoice Post: coz u have written that close the commission a/c (... coz u have written that close the commission a/c (thats fine) and transfer it to SOCI (its fine too) "by decreasing sales" m saying that why should sales be decreased? (m understanding that u have ...	bilalfca	Accounting and Audit	14	4,666	04-20-2011, 03:49 AM
		Thread: Posting commission in a sales invoice Post: salam. dard thanks for ur reply. actually i ... salam. dard thanks for ur reply. actually i had read in Gripping IFRS about it that Sales is Revenue and Revenue is always stated at the Gross Amount... well lets wait for someone more senio...	bilalfca	Accounting and Audit	14	4,666	04-20-2011, 09:57 PM
		Thread: the happiest day of life..... Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by A.O meri life ka happiest day woe hoga jab main keh sakoon k abb mijhay CA ki certification k liyeah kuch arsa (lets say 4/5 months etc) zinda rehnay ki zaroorat hay bus...	bilalfca	General Discussion	4	2,234	04-21-2011, 05:48 AM
		Thread: Accha tu ham chaltay hain Post: correct A.O! jo sotay hain, wo soay he rehte hain... correct A.O! jo sotay hain, wo soay he rehte hain!!! ICAP members are waking, right? hahaha.......	bilalfca	General Discussion	5	2,867	04-21-2011, 05:50 AM
		Thread: corporate law Post: dear the book is available on all stores of "GO... dear the book is available on all stores of "GOOD BOOK SHOP" in islamabad I*8 Markaz, as well as rawalpindi (Saddar).....	bilalfca	Students	3	2,155	04-21-2011, 05:58 AM
		Thread: Stipend @ Top firms???? Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by m.umarfarooq its fixed by icap.....rs.6500.... dear ICAP has fixed min. stipend that is Rs. 7,100... Dustgir U'll earn 7100 till u get qualification of Modu...	bilalfca	Firms	31	22,021	04-21-2011, 06:05 AM
		Thread: Calculating Account Balance Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by Bijith How do i calculate Balance Of a particular account dear what do u actually mean by calculating the Balance of A/C? elaborate plz	bilalfca	Accounting and Audit	4	2,244	04-21-2011, 06:34 AM
		Thread: Quote of the Day Post: 'For success, there are two things. first is the I... 'For success, there are two things. first is the Intention and the second is the Determination"	bilalfca	General Discussion	771	278,257	04-21-2011, 06:01 PM
		Thread: Quote of the Day Post: have the courage to live and everything will be yo... have the courage to live and everything will be yours..........	bilalfca	General Discussion	771	278,257	04-23-2011, 05:27 AM
		Thread: poetry Post: tum jo hans k nazron ko chura laite ho.... hum ko... tum jo hans k nazron ko chura laite ho.... hum ko malom hai koe raz xhupa rakha hai.. zubaan jo keh na ske, ankh keh daiti hai.. andaaz e bayaan ij or hum ne bna rakha hai ...	bilalfca	General Discussion	739	352,239	04-23-2011, 05:29 AM
		Thread: CHARTERED ACCOUNTANCY HAS LOST ITS CHARM IN PAK Post: salam devil n waqas! The situation is not so... salam devil n waqas! The situation is not so worse as you have written! you can't compare other degrees with CA just because you need some means (sifarish) to start your articles from "the BI...	bilalfca	Firms	15	7,461	04-25-2011, 05:13 AM
		Thread: is the auditor an officer of the company??? Post: is the auditor an officer of the company??? salam. guys, i'm having some prob in understanding Sec 2(24) of CO 1984.. it states that "officer" include any director, chief executive, managing agent, secretary or other executive of the ...	bilalfca	Corporate Governance	3	4,251	04-25-2011, 09:57 PM
		Thread: ICAP discriminating against ACCA Post: <blockquote id="quote"><font size="1" face="Verdan... quote I Think U R Quite Right. If I am not wrong u mean that CA in Pakistan is quite less costly degree than ACCA. khani8 is this sarcasm? we can start an open debate that which degree...	bilalfca	Students	46	13,262	04-26-2011, 04:03 AM
		Thread: is the auditor an officer of the company??? Post: hey guys, come on!! help me....... 13 members ha... hey guys, come on!! help me....... 13 members have read this but not a single one replied!! disgusting......................................	bilalfca	Corporate Governance	3	4,251	04-26-2011, 04:10 AM
		Thread: ATTENTION CA STUDENTS: Articleship in non-CA Firms Post: salam well, articles from the listed companies ... salam well, articles from the listed companies will not be as beneficial for CAs as they are in the FIRMS... that's for sure!	bilalfca	Firms	18	8,490	04-26-2011, 04:13 AM
		Thread: CHARTERED ACCOUNTANCY HAS LOST ITS CHARM IN PAK Post: salam dare-devil is right about the facts.. ... salam dare-devil is right about the facts.. every year, 400-420 ACAs are entering into the market.. I somehow agree in this regard.. because some ACAs are preferring to go to the outer statio...	bilalfca	Firms	15	7,461	04-26-2011, 05:44 AM
		Thread: IS ACCA LOSING IT'S VALUE IN PAKISTAN? Post: boss! right..... 150% right boss! right..... 150% right	bilalfca	Students	107	26,937	04-26-2011, 05:26 PM
		Thread: IS ACCA LOSING IT'S VALUE IN PAKISTAN? Post: Dard there is big difference in the professiona... Dard there is big difference in the professional grooming of CA students and ACCA students. you can observe that easily by comparing these two... Kamran bhai has explained several time about thi...	bilalfca	Students	107	26,937	04-26-2011, 10:01 PM
		Thread: ICAP discriminating against ACCA Post: alibaig u'll understand soon!! lolx alibaig u'll understand soon!! lolx	bilalfca	Students	46	13,262	04-26-2011, 10:03 PM
		Thread: ACCA vs CA Post: salam] ACCAs always crying on every forum, whet... salam] ACCAs always crying on every forum, whether a question is asked about audit, cost budgeting, bla bla bla...., Anyone doing ACCA starts discussing that ICAP discriminates them etc etc.... plz...	bilalfca	Career	519	407,195	04-26-2011, 10:09 PM
		Thread: is the auditor an officer of the company??? Post: thank you so much kamran bhai.... thanks alot! thank you so much kamran bhai.... thanks alot!	bilalfca	Corporate Governance	3	4,251	04-27-2011, 01:12 AM
		Thread: Joint Shareholders Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by ciapk Mr. A and Mr. B are holding one share jointly in X and Co. During a meeting Mr. A wants to vote in favor of resolution while Mr.B is dissenting. What should Company Se...	bilalfca	Corporate Governance	3	3,831	05-02-2011, 03:36 AM
		Thread: ICAP discriminating against ACCA Post: all members! plz stop this debate! "we all k... all members! plz stop this debate! "we all know who is who and what is what... thats it!" u all know what i mean... u know, reading between the lines... lolz regards	bilalfca	Students	46	13,262	05-02-2011, 07:15 AM
		Thread: Good news for ACCA Post: <blockquote id="quote"><font size="1" face="Verdan... quoteOriginally posted by VITAL Yes, ACCA people needed it badly so that they would be able to quench their thirst of obtaining more and more qualifications. right VITAL! u'r damn right man.... ...	bilalfca	Students	23	7,355	05-02-2011, 07:23 AM
		Thread: Submitting Private Limited Co Accounts to SECP Post: kamran bhai does those pvt co. having share cap... kamran bhai does those pvt co. having share capital greater than 7.5m prepare their books of accounts acc. to IASs and acc. to the requirement of CO 1984?	bilalfca	Corporate Governance	6	5,600	05-02-2011, 07:31 AM

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