Accounts Articles

Top Five Software for an Accounting Firm

Posted by Arpit Tandon 10 June 2020 18555 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.

IFRS Convergence

Posted by Sanyam@1 10 June 2020 4300 Views

1.What is GAAP Conversion?Converting from one GAAP to another GAAP. It often means changing more than just the numbers; there are of

IAS 16: Property, Plant & Equipment Guide

Posted by Vishal Gupta 28 May 2020 6913 Views

Understand IAS 16 for Property, Plant & Equipment. Learn recognition, measurement, depreciation, and disposal of tangible assets.

Effective measures to avoid financial frauds

Posted by Anand Krishnakumar 27 May 2020 5646 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.

IFRS 16 vs US GAAP (ASC 842): Lease Accounting Differences

Posted by CA Shammi Prabhakar 26 May 2020 9093 Views

Explore the key differences between IFRS 16 and US GAAP (ASC 842) for lease accounting. Understand the impact on your financial reporting.

Will Technology Replace Accountants? AI & Blockchain Impact

Posted by Nitin Goel 11 May 2020 21668 Views

Explore how AI and Blockchain are transforming accounting. Discover if technology will replace accountants and how to adapt for future success.

Manage Accounting During COVID-19: Cloud & Automation

Posted by Biswajit Mishra 07 May 2020 3613 Views

Discover how to manage accounting operations during COVID-19. Explore cloud solutions, automation, and outsourcing to keep your business resilient.

Difference between Bookkeeping and Accounting Explained

Posted by Satish Jalan 06 May 2020 8613 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.

Understand Your Payslip: Key Components Explained

Posted by Amit Kumar 29 April 2020 4461 Views

Confused by your payslip? Learn about employee details, earnings like basic salary, DA, HRA, and deductions like EPF and ESI. Get clarity now!

What is a Letter of Credit? Your Guide to LC Explained

Posted by Chandra Sekhar Reddy 27 April 2020 6119 Views

Understand what a Letter of Credit (LC) is. Learn about its types, parties involved, accounting procedures, and advantages for secure international trade.