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Post			Author	Forum	Replies	Views	Posted [asc]
		Thread: Accounting for bonus shares Post: There is no accounting entry for receipt of bonus ... There is no accounting entry for receipt of bonus shares by an investor.	Abdur.Rehman	Accounting and Audit	4	5,111	08-10-2009, 04:35 PM
		Thread: seniors plz anwers it Post: @amahmood There is a thing called self belief... ... @amahmood There is a thing called self belief... If u have it then 'pawa' is not a material thing... @nakaiun At KPMG v r nowadays taking ACCA qualified or maximum 1-2 paper left for articleship	Abdur.Rehman	Firms	15	6,684	08-10-2009, 04:27 PM
		Thread: whick subjects are covered in big 4 induction test Post: Well the test is nt tht technical... u shud go wit... Well the test is nt tht technical... u shud go with a confident mind and write good english... Becoz the concept is that when u have passed ACCA or CA inter, the institutes of highest prestige have c...	Abdur.Rehman	Firms	4	3,377	08-09-2009, 07:34 AM
		Thread: seniors plz anwers it Post: Well a test of 1 hr or an interview of 15 mins is ... Well a test of 1 hr or an interview of 15 mins is not enough to know ur skills... So the best way to show ur skills to the big 4 people is to study hard and try to do CA inter in first attempt or wit...	Abdur.Rehman	Firms	15	6,684	08-09-2009, 07:23 AM
		Thread: Conversion of Unlisted Company into Listed Company Post: Little addition... Financial Statements should al... Little addition... Financial Statements should also comply 4th schedule if the financial statements are consolidated financial statements, irrespective of the fact that the company is a listed compan...	Abdur.Rehman	Accounting and Audit	4	3,057	08-09-2009, 07:10 AM
		Thread: Duties of auditor regarding fraud Post: As Simple as u like... Detecting fraud is not aud... As Simple as u like... Detecting fraud is not auditor's responsibility... But detecting fraud tht causes material misstatement in the financial statements is auditor's responsibility....	Abdur.Rehman	Accounting and Audit	10	9,913	04-29-2009, 07:15 AM
		Thread: Operating lease or Finance lease? Need your help Post: Dear star, my understanding regarding the executo... Dear star, my understanding regarding the executory costs is a bit different... if lessor incurs such costs he includes impact of such costs in interest rate... so impact comes on MLP and if lesse...	Abdur.Rehman	Accounting and Audit	44	20,748	04-29-2009, 07:05 AM
		Thread: How do CA Firms get their clients? Post: from three sources mainly 1) Personal contacts of... from three sources mainly 1) Personal contacts of partners 2) The students of a firm, when go into industry, they prefer to take services from their own firm, i.e. called networking. 3) Clients als...	Abdur.Rehman	Firms	5	4,072	06-14-2008, 01:31 AM
		Thread: Episode # 1: Bus Mgmt Vs Business Analysis! Post: Well i can give u a couple of reasons why not 1) ... Well i can give u a couple of reasons why not 1) ACCA doesnt require the same level of articleship tht CA requires. Even in UK u need to complete articles with an ICAEW registered firm to do ICAEW af...	Abdur.Rehman	Students	17	10,539	04-28-2008, 06:10 AM
		Thread: Episode # 1: Bus Mgmt Vs Business Analysis! Post: So being an ACCA student, wt do u want from ICAP??... So being an ACCA student, wt do u want from ICAP??? If u want more exemptions, let me quote u a personal example. After my Module D i applied for exemptions of ACCA and i got exemption upto 2.1 I t...	Abdur.Rehman	Students	17	10,539	04-28-2008, 12:24 AM
		Thread: Episode # 1: Bus Mgmt Vs Business Analysis! Post: But Mr. Amir the ground reality is that even if u ... But Mr. Amir the ground reality is that even if u pass the whole ACCA, u dont get exemption of this paper and another ground reality is that i have seen many ACCA qualified students failing in this pa...	Abdur.Rehman	Students	17	10,539	04-27-2008, 09:28 AM
		Thread: Soft Copy of IAS? Post: i have sent a copy to all adresses give above sor... i have sent a copy to all adresses give above sory for late reply as i was away for exams and then to complete the pending work...	Abdur.Rehman	Accounting and Audit	73	36,564	06-26-2007, 07:56 AM
		Thread: Please seniors solve my queries??????? Post: Agreed... nice explanation... Agreed... nice explanation...	Abdur.Rehman	Accounting and Audit	15	6,023	06-26-2007, 07:54 AM
		Thread: Please seniors solve my queries??????? Post: While valuing inventories we should not include pa... While valuing inventories we should not include payments that are adjustable in future. Withholding tax is adjustable in future against closing tax liability of the company. So it will not be added t...	Abdur.Rehman	Accounting and Audit	15	6,023	06-24-2007, 03:51 AM
		Thread: Articleship from A. F. Ferguson & Co. Post: Im at KPMG, and there is no reference game here ei... Im at KPMG, and there is no reference game here either... But i think ur education is quite low, as we only take ACCA qualified or people with only core papers remaining.	Abdur.Rehman	Firms	19	18,892	03-08-2007, 04:02 PM
		Thread: Shariah-compliant Dressing in Audit Firms Post: I have heard, that BDO Ibrahim & Co. allows it. Th... I have heard, that BDO Ibrahim & Co. allows it. This firm can be rated some where betweent 8-15...	Abdur.Rehman	Firms	87	46,744	03-08-2007, 03:55 PM
		Thread: FOREIGN EXCHANGE GAIN/LOSS Post: I have no disagreement that revenue is cash or cas... I have no disagreement that revenue is cash or cash equivalent, received or receivable...My point was that u will be booking the complete revenue when the cash is received and not when the transaction...	Abdur.Rehman	Accounting and Audit	7	28,192	03-08-2007, 03:32 PM
		Thread: Should I register my tourism office? Post: For the purpose of fulfilling the requirements of ... For the purpose of fulfilling the requirements of another institution, like banks, or government institutions, u can make a balance sheet on any date... Like most of the banks ask companies of an aud...	Abdur.Rehman	Accounting and Audit	11	5,792	03-07-2007, 03:59 PM
		Thread: Which Firm is better? FRSH or THK? Post: well something that an AFF person told me AFF 5 y... well something that an AFF person told me AFF 5 years ago ; Slogan In God we trust and others we audit AFF Now ; Slogan In God we trust and others KPMG audit...	Abdur.Rehman	Firms	7	5,561	03-07-2007, 03:42 PM
		Thread: FOREIGN EXCHANGE GAIN/LOSS Post: A very nice and technical query after quite a long... A very nice and technical query after quite a long time... First of all i donot agree with ur saying that, the sole reason for arising of exchange gain/loss is foreign sale, and hence should be a par...	Abdur.Rehman	Accounting and Audit	7	28,192	03-07-2007, 03:31 PM
		Thread: Leases : calculate capital and interest repayments Post: you can use your own incremental borrowing rate. T... you can use your own incremental borrowing rate. That is if u take the same lease from a bank, or any other financial institution, what rate of interest you will have to pay... As per the accounting ...	Abdur.Rehman	Accounting and Audit	4	3,829	02-26-2007, 04:12 PM
		Thread: Open Books in ICAP Exams Post: y?... y?...	Abdur.Rehman	Students	3	2,368	02-20-2007, 04:26 AM
		Thread: Continuous Funding System Post: I think its a bank OD type thing... write this wo... I think its a bank OD type thing... write this word in google search, u will find alot...	Abdur.Rehman	Accounting and Audit	3	3,550	02-12-2007, 05:41 AM
		Thread: Company Law ..... Some Queries. Post: Ok take this example A person has cumulative pref... Ok take this example A person has cumulative preference shares, which carry voting rights lesser than the ordinary shares. Say, for every 3 preference shares, he has got voting option of 2 ordinary s...	Abdur.Rehman	Students	8	3,424	02-09-2007, 08:48 PM
		Thread: To deposit Tax Challan without NTN Post: A return without NTN is incomplete return but if ... A return without NTN is incomplete return but if u have given the application for NTN u may attach that application with ur return...	Abdur.Rehman	Tax	4	3,018	02-06-2007, 07:04 PM
		Thread: Company Law ..... Some Queries. Post: First clear the third one The articles of the com... First clear the third one The articles of the company will give the procedure for election, if the number of directors who give application are less than the number set by directors... If no procedu...	Abdur.Rehman	Students	8	3,424	02-06-2007, 04:41 PM
		Thread: CONFUSION; Problem of Most of Us. Post: What kind of confusions do u have?? I mean some sp... What kind of confusions do u have?? I mean some specific area???	Abdur.Rehman	Students	2	2,023	02-06-2007, 04:02 PM
		Thread: audit appendix Post: Apendix is a part of standard. ICAP has every righ... Apendix is a part of standard. ICAP has every right to test them...	Abdur.Rehman	Accounting and Audit	4	3,229	02-06-2007, 03:43 PM
		Thread: Vote between Anjum Asim and Deloitte Pakistan Post: @ Adnan arshad Well ironically speaking,u have no... @ Adnan arshad Well ironically speaking,u have not given the actual words of abbreviation KPMG.... @ rida Well havent heard much of Deloitte IT consulting in Pakistan. A deloitte person can give ...	Abdur.Rehman	Firms	53	26,084	02-01-2007, 04:24 PM
		Thread: Tax on import of I.T (Telecomunication) Equipment. Post: there have been quite a few changes in this regard... there have been quite a few changes in this regard. Previously sales tax was abolished on IT equipment. But now it has again been levied at a lower rate. I would suggest u that u may take a advice f...	Abdur.Rehman	Tax	3	2,258	02-01-2007, 03:22 PM
		Thread: Sales Tax Discrepancies Post: www.cbr.gov.pk www.cbr.gov.pk	Abdur.Rehman	Tax	3	2,584	02-01-2007, 03:19 PM
		Thread: Help required in Auditing - CAT Paper 8 Query Post: U r always welcome... and my prayers are with u..... U r always welcome... and my prayers are with u...	Abdur.Rehman	Students	5	5,540	02-01-2007, 03:08 PM
		Thread: Company Law ..... Some Queries. Post: the articles of the company may also provide for a... the articles of the company may also provide for a procedure, that should be followed in this case. As the ordinance is silent here...	Abdur.Rehman	Students	8	3,424	02-01-2007, 03:04 PM
		Thread: Company Law ..... Some Queries. Post: Underwriters are normally banks or other financial... Underwriters are normally banks or other financial institutions, who at the time of issue of shares of a listed company, undertake to purchase the shares of that company if not purchased by the public...	Abdur.Rehman	Students	8	3,424	02-01-2007, 03:01 PM
		Thread: Accounting MCQ's Post: This is not accounting This is economics... The ... This is not accounting This is economics... The economic survey of Pakistan may help u in this regard...	Abdur.Rehman	Students	7	9,738	02-01-2007, 02:19 PM
		Thread: Vote between Anjum Asim and Deloitte Pakistan Post: Well i cant tell u specifically as im not in dello... Well i cant tell u specifically as im not in delloite, but in KPMG. But, i think the same wud b the case with yousuf adil as is with taseer hadi. here are ur replies... 1) it is actually a network of...	Abdur.Rehman	Firms	53	26,084	01-26-2007, 02:57 PM
		Thread: Tax advice needed - In dire situation Post: I am giving the answer in anticipation that u have... I am giving the answer in anticipation that u have asked the question regarding pakistani tax laws, as this is website of pakistani accountants. If u have asked in UK context, then ignore my reply... ...	Abdur.Rehman	Tax	3	2,200	01-26-2007, 02:44 PM
		Thread: Who decides about Depreciation rates? Post: So, the depreciable amount, shud depict this, thus... So, the depreciable amount, shud depict this, thus the depreciation rate...	Abdur.Rehman	Accounting and Audit	7	6,756	01-26-2007, 02:00 PM
		Thread: Who decides about Depreciation rates? Post: I wud ask u Mr. SM raza that on which thing the us... I wud ask u Mr. SM raza that on which thing the useful life of an asset is based??? In my opinion it is based on the future economic benefits embodied with the asset. When economic benefits do not co...	Abdur.Rehman	Accounting and Audit	7	6,756	01-26-2007, 01:57 PM
		Thread: Standard Costing- Wastage Post: Standards are set for material by taking into cons... Standards are set for material by taking into consideration two things i.e. expected level of efficiency in material use and expected increase in the price of material... As per ur example, if the lo...	Abdur.Rehman	Students	3	2,941	01-20-2007, 05:35 AM
		Thread: Input Tax - A Question Post: i accept ur disagreement... i used general words ... i accept ur disagreement... i used general words just to clear the concepts of that guy, who was mixing things... otherwise i know each and every inch of sales tax and income tax... anyways im back...	Abdur.Rehman	Tax	5	3,966	01-18-2007, 06:43 AM
		Thread: Inclusion of new audit standards in tests Post: If those standards are adopted by ICAP and publish... If those standards are adopted by ICAP and published before six months from examination, then they will be tested... but if they are adopted and published within six months from exam, they will not b...	Abdur.Rehman	Students	2	2,153	01-18-2007, 06:37 AM
		Thread: Depreciation allowable in year of purchase Post: Well in Pakistan and International accounting stan... Well in Pakistan and International accounting standards there is no such thing... The rate of depreciation is upon the descrition of management...	Abdur.Rehman	Accounting and Audit	4	2,946	01-18-2007, 06:22 AM
		Thread: Soft Copy of IAS? Post: I ve sent u the soft copy of IAS sory for late re... I ve sent u the soft copy of IAS sory for late reply...	Abdur.Rehman	Accounting and Audit	73	36,564	01-10-2007, 05:13 AM
		Thread: Depreciation allowable in year of purchase Post: Depreciation has nothing to do with value.. Plz cl... Depreciation has nothing to do with value.. Plz clarify ur question...	Abdur.Rehman	Accounting and Audit	4	2,946	01-09-2007, 08:43 PM
		Thread: Who decides about Depreciation rates? Post: Mr. Mahtab CBR decides depreciation rates for tax ... Mr. Mahtab CBR decides depreciation rates for tax purposes.... No one can direct the depreciation rates in a country for accounting purposes... IAS says that it is upon the management intention. As ...	Abdur.Rehman	Accounting and Audit	7	6,756	01-05-2007, 08:26 PM
		Thread: Help required in Auditing - CAT Paper 8 Query Post: Well Mr. Amir, the first answer u gave is very ver... Well Mr. Amir, the first answer u gave is very very general... Whenever a scenario is given to u in a question, u must apply ur knowledge subject to that scenario... In my opinion u shud have writte...	Abdur.Rehman	Students	5	5,540	12-27-2006, 07:01 AM
		Thread: What is SAP? Post: SAP is not a training.... In Pakistan ICI has imp... SAP is not a training.... In Pakistan ICI has implemented a SAP, which gives all the financial and other data i.e. sales, stock, production. Siemens Pakistan has also implemented a SAP... The organ...	Abdur.Rehman	Technology	7	5,757	12-18-2006, 09:34 PM
		Thread: Letter of Credit and Financial Statement Post: Acceptance LC is LC that becomes payable on the ac... Acceptance LC is LC that becomes payable on the acceptance of goods i.e. when the goods are delivered and accepted...	Abdur.Rehman	Accounting and Audit	4	5,105	12-18-2006, 09:19 PM
		Thread: Why reducing balance is less effective? Post: International accounting standards do not prefer a... International accounting standards do not prefer any method of depreciation i.e. reducing balance or straight line.. IAS gives management to opt for the method that best depicts the realization of ec...	Abdur.Rehman	Accounting and Audit	4	3,644	12-18-2006, 09:15 PM

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