Accounts Articles

Non-Compliances related to components of Profit & Loss Statement

Posted by CA Rakesh Ishi 14 October 2022 6735 Views

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....

Common Non-Compliances of Financial Reporting: Equity & Liabilities - Part 3

Posted by CA Rakesh Ishi 12 October 2022 5231 Views

Common Non-Compliances of Financial Reporting: Equity & Liabilities

FCRA registration for Foreign Donation

Posted by Musharraf Iqbal 07 October 2022 28838 Views

The Ministry of Home Affairs grants the FCRA registration as authorization to regulate foreign donations received by Indian nonprofit organisations. You must register with the Foreign Contribution Regulation Act if you are a registered NGO, charitable trust, or section 8 company and want to receive donations from abroad.

Non-Compliances of Financial Reporting - Assets - Part 2

Posted by CA Rakesh Ishi 07 October 2022 2411 Views

OBSERVATIONS1. INVESTMENTS IN EQUITY SHARESIt was observed from the note to the financial statements on Non-Current Investments that the value of investments in...

Common Non-Compliances of Financial Reporting - Part 1

Posted by CA Rakesh Ishi 02 October 2022 3054 Views

The common non-compliances in reporting requirements of various applicable Statues as observed by the Financial Reporting Review Board (FRRB) constituted by ICAI during the review proceedings.

Financial Statements For Non-Corporate Entities

Posted by Poojitha Raam Vinay

16 September 2022 1612 Views

Financial Statements provide the information about financial position, performance, and cash flows of an enterprise this helps in various decisions for the users. The Financial Statements are like the Performance Card of the entities.

Role of Management Accounting in launching new automobiles

Posted by Harsh Gupta 30 August 2022 4556 Views

When management accounting is implemented to the new vehicle launch, the main idea is to increase the cost consciousness level of engineers and provide cost information that supports decision-making situations during the project execution.

Top 10 must-have skills for accountants

Posted by Arpit Tandon 29 August 2022 5604 Views

Accountants are in charge of offering their clients or the businesses they work for financial management services and guidance. Even though accounting may not initially appear like the most attractive career option, if you look a little closer, you'll discover a wide choice of options. Here are the top ten qualities an accountant should possess.

Actuarial Valuation for Accounting of Gratuity Benefits: AS 15 & Ind AS 19

Posted by Rajesh Kumar 14 June 2022 17412 Views

Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance of Ind AS 19 & AS 15 (Revised 2005) by Indian Public, Private and Multinational Companies

IND AS 36: Impairment of Assets

Posted by Madhur Gandhi 31 May 2022 27587 Views

It prescribes that entity applies to ensure that assets are not carried at more than their recoverable amount. An asset is carried at more than its recoverable amount when it exceeds amount to be recovered through use or sale of the asset.