Accounts Articles

A brief analysis on - AS 10: Property, Plant and Equipment

Posted by Tanuj Chandra Saxenaa 17 December 2021 5885 Views

AS 10 is to be applied in accounting for property, P&E (Plant and Equipment)

Role of artificial intelligence in accounting

Posted by Tanuj Chandra Saxenaa 10 December 2021 9124 Views

As Artificial Intelligence works for every industry, it certainly has a significant impact on the accounting and finance industries as well.

Go Global with the knowledge of IPSAS - Internationally accepted Accounting Language for Governmental Accounting

Posted by CA. (Dr.) Rajkumar Adukia 11 November 2021 2386 Views

International Public Sector Accounting Standards are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements.

Maintenance of Books of Accounts

Posted by CA.R.S.KALRA 10 November 2021 74228 Views

Section 44AA(1) prescribes compulsory maintenance of such books of accounts and other documents which will enable the AO to compute the total income in accordance with the provisions of the Income Tax Act.

Hedge Accounting

Posted by Jerold Ferreira 08 November 2021 5228 Views

A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting or opposite positions in a related security.

IND AS 12: Income Taxes

Posted by Jerold Ferreira 04 October 2021 14808 Views

Income taxes as per the Indian Accounting Standard 12 include both domestic and foreign taxes, which are based on taxable profits. It also includes withholding taxes.

Other Compressive Income in IND AS

Posted by Aniruddha Deshpande 29 September 2021 4657 Views

To provide exact profitability and bring more transparency to the financial statements of a company, the concept of Other Comprehensive Income was introduced in IND AS.

IND AS 108 - Operating Segments

Posted by Sachin 21 August 2021 18276 Views

IND AS 108 - Operating Segments is important for the stakeholders to understand and evaluate the performance of a business. However, it is not a part of Schedule III, but a part of SEBI disclosure.

All about Ind AS 41

Posted by Sachin 20 August 2021 8902 Views

Ind AS 41 is applicable to biological assets relating to agricultural activity, agricultural produce up to the point of harvest and government grants relating to agricultural activity.

IND AS 105: Non Current Assets held for sale and discontinued operations

Posted by Sachin 20 August 2021 5904 Views

The objective of IND AS 105 is accounting treatment and disclosure of non current assets held for sale / discontinued operations and to inform the users of financial statements.