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2017

Blog27

What is a Central Bank / National Bank?

The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country. It is an institution that manages and oversees a country's money supply, inflation and interest rates. It regulates the commercial banking system and acts as watchdog and regulator of other banks of a country. A Central Bank of a country acts as a banker and financial adviser to the government. Due to its pivotal role in the banking system, it is also known as "lender of last resort".

2017

Blog26

તેઓ થોડા રૂપિયા જેવા છે ને થોડા નાણાકીય પરપોટા જેવા છે. હા, આ વાત છે બીટકોઇનસની, જે અચાનક સર્વવ્યાપક બની ગયા છે અને આપણને ભવિષ્યનું ચલણ કેવુ હશે ઍની ઝાંખી બતાવી રહ્યા છે.

ફક્ત 48 કલાકમાં 4000 ડૉલર વધીને બીટકોઇનનો ભાવ બિટ્સટૅંપ ઍક્સચેંજ પર 16000 ડૉલર સુધી પહોચી ગયો છે. છેલ્લા થોડા સમયથી કૂદકે ને ભૂસ્કે વધી રહેલી બીટકોઇનસની કિંમતે આખી દુનિયાનું ધ્યાન ખેંચ્યુ છે. હમણા જ આપણી રિજ઼ર્વ બેન્કે બીટકોઇનસ ની લે-વેચને લયિને ત્રીજી ચેતવણી આપી છે.ચાલો સમજીયે આ અદભૂત ક્રિપ્ટૉકરન્સી ને.

2017

New Blog7

Need for Accounting Standards:

Gone are the days when the size of the businesses were small and the investment into that business was limited to a single trader or his family members. However, the business world has changed upside down in the modern era. Nowadays, investors put their money into thousands of different companies across the world. Similarly, the government and tax authorities are also interested in understanding the true and fair view of the financial position of the businesses. Because of these factors, the scope of accounting records is widened. Hence, accounting records are the vital source of information not only for the finance managers but also for millions of investors who invest in the business.

2017

 

New Blog6

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. A contingent liability is a potential liability...it depends on a future event occurring or not occurring. Because it cannot be determined whether the amount must be paid until events unfold, the company's likelihood of loss is scored as one of the following:

  1. Probable - The future event or events are likely to occur.
  2. Reasonably possible - The chance of occurrence of future events is between probable and remote.
  3. Remote - The chance of future event or events occurring is slight

2017

Regulatory Bodies in India Securities Exchange Board of India SEBI 


Securities Market and Need for a Regulator:

Amid many debates and differences, all economists agree that Securities market plays a vital role in the development of any economy. The Securities market is the backbone of an economy. Without a sustainable securities market, an economy cannot get the required finance to fund the development projects. Hence, for any economy to survive and grow in long run the presence of a well regulated and transparent securities market is a must. India is no exception to this fact. It is only through securities market that even a common man in India can become an investor in a multi-national company. The securities market ensures that savings are properly channelized so that sufficient finance is available where it is needed the most.

2017

Important Accounting Terminologies - "Deferred Revenue Expenditure"

The modern accounting system of double entry book keeping is based on certain principles and standards. One of them is the concept of matching costs with the revenue or benefits derived from such costs. However, in real life business scenario, not all income and costs directly match up with the goods and services sold or the assets purchased. In many cases, the cost is incurred at present but value received from such expenditure is actually delayed over time. According to generally accepted accounting principles, money and value should be matched whenever possible. This means that a business must account for expenditures that may not immediately generate profit in the current accounting period. 

While revenue expenditure is a simple concept, deferred revenue expenditure is slightly more complicated. In this case, the value received from the expenditure is not immediate.

Financial Management