Section 135 of the Companies Act, 2013 requires the Board of Directors to constitute a Corporate Social responsibility Committee
With the advent of web-enabled communication, automation, and the cloud, the accounting industry experienced a tectonic change in the way it worked.
Ind AS 41, Agriculture is the first standard that specifically covers the Accounting and Reporting requirements for the Primary sector. Prior to this standard, there were no established guidance on Agriculture and Allied Industry.
IFRS expects every FS must be presented in the same manner so that investors spend less time in taking decision.
In this article, we are going to present the latest accounting trends which will form the trade in 2020, from rising uses of cloud to automation.
Coronavirus has led to many issues world around not just in relation to health but also has impact over various other concerns and one such concern is its accounting impact.
Background, in a Sale and leaseback transactions (SALT), an entity transfers an asset to another entity and leases that asset back from the buyer. This kind of ..
This article is trying to address the above fear with tool of ' Balance Sheet Healing '. It is trying to link Healing process by way of Compliance, books of records & ITR to face uncertainty of life.
To record the transactions in the books of accounts we follow the 3 golden rules of accounting in the traditional approach.
Recent amendment in IFRS 16 and proposed amendment in Ind AS 116