1.AS-2 is related with
A)Depreciation Accounting(B) Contract Account
C) Segment ReportingD) Inventory Valuation

2.IFRS-2 deals with
A)Share based paymentB) Financial instruments
C) Insurance contractD) Consolidated financial statement

3.As per the revised Schedule VI of the Final Accounts of companies, the Profit and Loss Account is renamed as
A)Income StatementB)Statement of Profit and Loss
C)Schedule of Profit and LossD)None of these

4.Which of the reserve does not appear in the Balance Sheet of a company ? ....etc

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Banking & Finance is a much sought after field in the industry today. It is perhaps the only field to have got a shot in the arm due to recession owing to shortfall in managerial talent. Close to 5lac banking professionals are going to retire in the next five years, which accounts for 50% of the total work force. Add to that the rapid expansion plans of Banks within the country to service a growing work-force and you have about 2 lacs vacancies in this year itself.

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Finance for non finance-I


• How the Balance Sheet Works
• The balance sheet is divided into two parts that, based on the following equation, must equal each other, or balance each other out. The main formula behind balance sheets is:

Assets = Liabilities + Shareholders' Equity
• Assets, liabilities and owner’s equity
• Assets are what a company uses to operate its business,
• liabilities and equity are two sources that support these assets.
• Owners' equity, referred to as sha ....etc

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