Accounts Articles

IND AS 1- Presentation of General Purpose Financial Statements

Posted by CA Pooja Dhoot 18 January 2020 7855 Views

In the earlier article we had seen basics of Indian Accounting standards (IND AS), Now in this article you will be able to read about IND AS 1- Presentation of Financial Statements

Top Five Software for an Accounting Firm

Posted by Arpit Tandon 13 December 2019 18543 Views

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.

Impact of adoption of IFRS/Ind AS

Posted by CA. Atul Khurana 13 December 2019 5739 Views

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.

Effective measures to avoid financial frauds

Posted by Anand Krishnakumar 29 November 2019 5640 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.

Changing scenes in Data processing and their impact on the Accountant role

Posted by Tulasi S Sastri 28 November 2019 7319 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.

Recent cases invoking "Going Concern"

Posted by S.Sridhar 22 November 2019 10929 Views

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

Difference between Bookkeeping and Accounting Explained

Posted by Satish Jalan 08 November 2019 8608 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.