Accounts Articles

An Overview of IND AS 41

CA Sanat Pyne 25 April 2023 at 08:47

IND AS 41 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the accounting treatment for agricultural activity. The objective of IND AS 41 is to ensure that the financial statements of entities engaged in agriculture provide relevant and reliable information about their agricultural activities.

Blockchain Adoption in Accounting: Opportunities and Challenges for Professional Accountants

CA Sanat Pyne 20 April 2023 at 08:49

Blockchain technology is a decentralized, distributed ledger system that allows for the secure and transparent recording of transactions.

Consequence of non-compliance with w.r.t maintenance of Books of Accounts, Statutory Registers and Minutes Book

Affluence Advisory 19 April 2023 at 14:59

In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.

Accounting: Importance, Rules & Types

Aisha 12 January 2023 at 14:47

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. ..

Points to be considered in the preparation of Annual Report - Part 3

CA Rakesh Ishi 15 December 2022 at 12:15

AS-5 required that All items of income and expense which are recognised in a period should be included in the determination of net profit or loss for the period unless an AS requires or permits otherwise.

Points to be considered in the preparation of Annual Report - Part 2

CA Rakesh Ishi 06 December 2022 at 09:53

Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.

How Blockchain Will Impact Accounting Professionals

Suhasini 02 December 2022 at 10:56

Digital technology has been influencing our world since the 1980s when the internet was introduced to the public. Since then, we've seen mobile phones, game con..

Points to be considered in the preparation of Annual Report - Part 1

CA Rakesh Ishi 28 November 2022 at 09:52

Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.

Non-Compliances related to components of Profit & Loss Statement

CA Rakesh Ishi 14 October 2022 at 16:31

It was noted from the accounting policy of revenue that the element of financing has not been considered if the credit term is consistent with market practices...