Accounts Articles

Top Five Software for an Accounting Firm

  Arpit Tandon    13 December 2019 at 12:59

Choosing appropriate software for your accounting firm is a tedious task. Every accounting firm has a different set of requirements. Some require built-in MIS Reporting; others need different functionalities in their practice management software.

Posted in Accounts  1 comments |   955 Views

Impact of adoption of IFRS/Ind AS

  Atul khurana    13 December 2019 at 11:21

This article is intended to make you understand the major impact both in terms of advantages and disadvantages of the adoption of Converged IFRS i.e Indian Accounting standards (Ind AS) on the financial statements and the working of the companies both.

Posted in Accounts |   484 Views

Fraud typically involves misrepresentation of facts, either by withholding critical information or providing false statements to another party for the specific purpose of gaining something. Although fraud comes in different forms, it can be categorized primarily into asset misappropriation, financial statement fraud, and corruption.

Posted in Accounts  2 comments |   1115 Views

With over four decades of association with the accounting profession, having witnessed phenomenal changes in the environment, expectations, opportunities and risks associated with the accountant�s role, due to the entry of computers in business organizations, I felt it appropriate to share my views here, for the benefit of young and budding Chartered Accountants.

Posted in Accounts  5 comments |   1925 Views

Recent cases invoking "Going Concern"

  S.Sridhar    22 November 2019 at 10:31

Read these three recent instances where the principle of Going concern was invoked: Bharti Airtel Limited Vodafone Idea Limited New Delhi Televisions Limited..

Posted in Accounts |   1614 Views

Accounting and bookkeeping are interrelated terms and are inseparable parts of any business. While accounting is a broader and analytical term, bookkeeping is its subdivision and just a part of it. Here�s highlighting the differences between the two.

Posted in Accounts  2 comments |   1672 Views

Cleaning of Books of Accounts and their Worship on the eve of Diwali

Posted in Accounts |   992 Views

With the fast-paced advancements taking place, the software has been developed to carry out various business processes.

Posted in Accounts |   1015 Views

Impairment means weakening of Asset. As per INDAS and IFRS Standards, entities should include impairment loss in the financial statements.

Posted in Accounts |   2208 Views

We are in the season of Statutory audit and few people are working in companies where IND AS is applicable, and few are in companies where IND AS is not applicable.

Posted in Accounts  5 comments |   2199 Views

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