Accounts Articles

Format of Financial Statements for Non-Corporate Entities

CA.Sangam Aggarwal 23 April 2025 at 08:36

Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) act as a pillar for sound financial reporting system of an entity.

Artificial Intelligence and Analytics

Shailesh Prajapati 12 March 2025 at 08:42

This article delves into the nuanced dynamics of AI-driven decision-making versus human-driven decision-making, exploring the balance required to harness the strengths of both.

The Role of Accounting in Business Decision Making

CA Jaydeep Babubhai Vadher 03 March 2025 at 08:30

This article delves into the critical role of accounting in decision-making, explaining its fundamental principles and its direct impact on businesses.

The Invisible Treasures (IND AS 38)

CA Rakesh Ishi 06 February 2025 at 10:34

In the realm of enterprises, some assets were visible, like factories, machines, or inventory.

Mandatory Valuation Under Ind AS - Key Standards & Compliance

ValuGenius Advisors LLP 31 January 2025 at 08:56

Valuation under Ind AS is guided by Ind AS 113, which provides the framework for determining fair value, complemented by several other standards requiring mandatory valuation. Let's explore the key areas where valuation is required

Costing Accounting Books Periodical Closure Checklist

CMA Ramesh Krishnan 14 January 2025 at 07:25

The very first step is to check whether production is fully completed or not for the particular period/batch/job/process/work, etc.

Common Mistakes Frequently Observed in Financial Statements

J. D. Shah Associates 03 January 2025 at 08:43

Common mistakes frequently observed in financial statements as per ICAI's publications and reviews

The Tale of Revenue Recognition through Five-Step Model: IND AS 115

CA Rakesh Ishi 02 December 2024 at 13:27

In the marketplace of Accounting, where traders sold goods and offered services, there was a big question:"When should we recognize revenue?"Some merchants want..

The Tale of Inventories (IND AS 2)

CA Rakesh Ishi 29 November 2024 at 14:47

The wise sage IND AS 2 came to the kingdom and shared his principles for valuing inventories.

Accounting Concepts and Conventions

prasad Nilugal 07 November 2024 at 06:43

Accounting concepts are the necessary or conditions upon which accounting is based; they are postulates, assumptions, or conditions upon which accounting is based.