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CA Prasad Chartered Accountant

CA Prasad Chartered Accountant
CA Prasad is a practicing Chartered Accountant and partner in Bangalore -based CA Firm. For further information or query, please email it to [email protected]

General Etiquette II

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‘Gathi’ is a Kannada play directed by a popular Kannada artiste Mr. Sethuraman. The main character of the drama says “I still remember, when I was young, my father used to blame me for no reason and beat me in front of guests or relatives” The character in the drama ...

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Basics of Budget VI Gross Domestic Product (GDP)

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In continuation of the Budget Series, I will be writing about important jargons one should know. GDP is the godfather of economic indicators! You would have heard people mentioning in TV debates or speeches or newspaper articles about India’s falling GDP. The Finance Minister is worried about lower GDP of ...

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Basics of Budget V – The Budget Documents

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By now all of us are aware that the Finance Minister of India makes a Budget Speech in the Parliament. In this article, I will write about other important documents which are presented to the Parliament apart from his speech. Annual Financial Statement (AFS) is the main Budget document. The ...

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March 4th

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He won’t forget this day in his life. This is the day he was jailed.Mr.Subrata Roy Sahara, 66, is the founder of the Sahara India Pariwar. He was born in Bihar and studied Diploma in Mechanical engineering. Sahara Finance: Mr. Roy joined Sahara Finance in 1978, ran it as a ...

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Budget Basics IV – Plan and Non Plan Expenditure

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The government expenditure is divided into two broad heads – Plan and Non Plan. Plan Expenditure – To make it easy, let me draw company analogy again. If a company spends money on purchase of machinery, buys computer and software to improve, expand and enhance the productivity and efficiency of ...

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Siddu’s feat falls like ninepins – News

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This was the heading of an article published in the newspaper during the first week of July, 2014. The article was about ‘the performance appraisal in the Lok Sabha elections’ meeting that the Karnataka CM had with the Congress Committee in Delhi. The CM went to Delhi claiming with pride ...

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Drishya Kannada Movie review *****

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The newspaper advertisement says “One of the best thriller movies during the last 5 years in Kannada Film Industry – Film Director P Vasu.” After watching the movie; I feel the Director of the movie was right when he said so. V Ravichandran, Navya Nair (from Kerala) and Prabhu Ganeshan ...

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Basics of Budget III – who maintains Government accounts?

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For your company, you will have Finance & Accounts (F&A) department. For Government of India (GOI), who will look after the accounts? Controller General of Accounts maintains the accounts of the GOI. It is headed by a Chief Controller of Accounts (CCA). The Principal Accounts Officers (PAO) at head office ...

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The food industry is hot and spicy

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Last week I happened to meet a budding entrepreneur. During casual conversation, I asked him about his proposed business. He said “We are in the QSR industry and want to establish Hub and Spoke model with a lean team at the Point of Sale”. Please count the number of jargons ...

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