If you are an accountant, a company secretary, or in someway connected with accounts and annual return, the first question you must have asked yourself is ‘Why XBRL?’ Correct? People do not like change. And this does not change. We will resist change – simply because we are used to a certain style of living. […]
When I was younger and my head was full of foolish ideas and lot of black hair….there was also a huge urge to start some new businesses. Thank God, I did not! In the 1990s – Income tax practice was still on the top of my head. I seriously thought I should set up a […]
If you wondered how a company can fudge its accounts, well here are some things that they do: – show less expenses: if you want to be more profitable -show more expenses if you want to be seen as less profitable from real life. – increase profits by showing revenue expenditure as capital expenditure – […]
If you tell students in life you get what you deserve, or what you choose, they look at you like you are from Mars! Imagine a kid coming to me and saying ‘I want to be an equity analyst’ what should I do? Well the answer is simple – start collecting balance sheets and start […]
Let us break some myths: 1. SEBI is here to protect the small investor: Well tried! Nobody is here to protect the small investor, but to keep the small investor a facade has to be created. So along with MCA, ROC, IRDA, CLB, ..one more body was needed to complete the alphabetic soup so the […]
Many Chartered Accountants and kids who have done MBA with specialisation in finance believe that they need only number crunching skills. Number crunching skills are necessary and impossible to live without, but they also need some other skills: 1. Improve your general knowledge: Life is far more than just finance. You need to understand some […]
This is not the first time that I am doing a post saying ‘why people lose money in equities’ – nor will it be the last! Of course there are many reasons, here is an attempt to find some of them: 1. Over-Confidence: It is quite shocking to see how people over estimate their ability […]