Depreciation, GST Allocation, and Accounting Treatment: A Practical Guide with Vinu & Manu Vinu: Manu, I bought some laptops for my office, and I am wondering what percentage of depreciation I should use. How do I determine the useful life of these laptops? Manu: Good question, Vinu! The depreciatio...
Decoding Other Comprehensive Income (OCI): Beyond the Profit & Loss Statement Vinu: Vinu: Manu, I was going through a company’s Balance Sheet, and I noticed a section called Other Comprehensive Income (OCI). What exactly is it? Manu: Good question, Vinu! Other Comprehensive Income (OCI) represents c...
Mastering Cash Flow: Why It Matters More Than Profits – A Conversation with Manu & Vinu Vinu: Hi, Manu. I've been hearing a lot about Cash Flow Analysis lately, but I'm not exactly sure what it is or why it's important. Can you explain it to me? Manu: Sure, Vinu. Cash Flow Analysis is the process of...
Quasi Equity in Balance Sheet Analysis: Enhancing Debt-Equity Ratio or Hidden Risk? Vinu: Hey Manu, I've been hearing about something called Quasi Equity in the context of balance sheet analysis. Can you explain what it is and how it can impact the analysis? Manu: Sure, Vinu! Quasi Equity refers to ...
Understanding Sundry Creditors: Financial Statement Treatment & Impact on Liquidity Vinu: Hey Manu, I've been trying to understand how sundry creditors are treated in financial statements. Can you explain it to me, especially in the context of Indian laws? Also, how do sundry creditors impact the cu...