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Post			Author	Forum [desc]	Replies	Views	Posted
		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	7,395	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	3,689	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	7,395	02-15-2011, 03:28 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	1,902	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	156,427	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	7,395	02-16-2011, 02:59 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	7,395	02-17-2011, 01:07 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	6,217	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	6,217	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	6,217	04-14-2011, 05:34 AM
		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	4,663	04-19-2011, 10:22 PM
		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	4,663	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	4,663	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	4,663	04-20-2011, 09:57 PM
		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	2,243	04-21-2011, 06:34 AM
		Thread: Fixed Asset Capitalized Twice. Post: well if u have capitalized a Fixed Asset (FA) twic... well if u have capitalized a Fixed Asset (FA) twice, its an error with prospective application and u would have to adjust it by passing following entries 1. Cash/ Bank/ Payables... Debit (with the ...	bilalfca	Accounting and Audit	3	3,270	11-23-2011, 07:02 PM
		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: 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	406,897	04-26-2011, 10:09 PM
		Thread: ACCA vs CA Post: hey ICAP students dont take it serious men! Enjoy ... hey ICAP students dont take it serious men! Enjoy the discussion!! ACCA hahahaha	bilalfca	Career	519	406,897	11-23-2011, 07:43 PM
		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: 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	3,830	05-02-2011, 03:36 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	5,596	05-02-2011, 07:31 AM
		Thread: Powers and liabilities of trustees.. Sec 119(2) Post: salam u clarified me alot... one more quest.... salam u clarified me alot... one more quest. what is meant by (unless the trustee abandons his security and, if necessary, retransfers the mortgaged property) this in this sub-sec?	bilalfca	Corporate Governance	4	4,237	06-20-2011, 08:44 PM
		Thread: Power to re-issue redeemed debentures in.. Sec 116 Post: thanx for ur both replies ali akbar in this sub... thanx for ur both replies ali akbar in this sub-section i just want to know what is referred in this statement (or unless the debentures have been redeemed in pursuance of any obligation on the com...	bilalfca	Corporate Governance	4	4,371	06-20-2011, 08:57 PM
		Thread: AGM and members.. Post: salam i have a different opinion.. practical... salam i have a different opinion.. practically, a Listed Co. will gonna float it shares in Stock Exchange so it ll definitely get applications from a large no. of people.. So the Co. will defin...	bilalfca	Corporate Governance	8	7,073	11-25-2011, 04:08 PM
		Thread: AGM and members.. Post: Well Mr Student of Law, would u mind telling me a ... Well Mr Student of Law, would u mind telling me a Public Listed Co name, which is not having or does not have more than 7 members for 2 years? Now Sec 146(1)c No amount is or may become liabl...	bilalfca	Corporate Governance	8	7,073	11-25-2011, 11:04 PM
		Thread: AGM and members.. Post: One more thing, I will clarify your doubts in just... One more thing, I will clarify your doubts in just a sentence. Its Public Listed Co's responsibility to have not less than 10 members having not less than 25% Voting Power. Thats it.	bilalfca	Corporate Governance	8	7,073	11-25-2011, 11:11 PM
		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: Powers and liabilities of trustees.. Sec 119(2) Post: Powers and liabilities of trustees.. Sec 119(2) salam to all what does Sec 119(2) means quote "where a suit is brought under clause (a) or clause (b) of sub-section (!) the court may at its discretion stay the suit and all the proceedings ...	bilalfca	Corporate Governance	4	4,237	06-15-2011, 05:02 PM
		Thread: Power to re-issue redeemed debentures in.. Sec 116 Post: Power to re-issue redeemed debentures in.. Sec 116 salam to all members. someone plz guide me on this Sec 116 (1) quote "where either before or after the commencement of this ordinance a company has redeemed any debentures previously issued, ...	bilalfca	Corporate Governance	4	4,371	06-15-2011, 04:55 PM
		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	22,011	04-21-2011, 06:05 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	7,451	04-25-2011, 05:13 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	8,466	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	7,451	04-26-2011, 05:44 AM
		Thread: CHARTERED ACCOUNTANCY HAS LOST ITS CHARM IN PAK Post: one thing for sure CA is and will be an appeali... one thing for sure CA is and will be an appealing degree for the students in Pakistan... it is losing charm or not, it was, is and will be decided by the ICAP members how much exposure they get ...	bilalfca	Firms	15	7,451	05-02-2011, 07:39 AM
		Thread: Increased in Stipend by ICAP to 8000. Post: salam ICAP has increased the Minimum stipend...... salam ICAP has increased the Minimum stipend... New rates are as under Basic 8,000 After passing Mod E or F 11,000 On passing Mod E and F 30,000 Also the Article-ship period has been increa...	bilalfca	Firms	14	9,497	11-21-2011, 06:41 PM
		Thread: Increased in Stipend by ICAP to 8000. Post: A.A BILAL.SARDAR has shared the page.. Check it... A.A BILAL.SARDAR has shared the page.. Check it out!	bilalfca	Firms	14	9,497	11-23-2011, 07:05 PM
		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	277,985	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	2,865	04-17-2011, 07:03 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	277,985	04-19-2011, 09:53 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	2,865	04-21-2011, 05:50 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	277,985	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	277,985	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	351,859	04-23-2011, 05:29 AM
		Thread: why is this forum created Post: the thing that hurts me is that all members active... the thing that hurts me is that all members actively participate in FIRMS, CAREERS, POETRY, QUOTE OF THE DAY bla bla bla but no1 cares to answer any query in CORPORATE GOVERNANCE....	bilalfca	General Discussion	5	2,652	06-17-2011, 11:00 PM
		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: why is this forum created Post: why is this forum created salam to all members.. well, can any1 tell me why this forum was created???? nobody on this forum knows a god damn thing of Companies Ordinance?? r u all the best of best in ACCOUNTING and ...	bilalfca	General Discussion	5	2,652	06-17-2011, 10:14 PM

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