Accounts Articles

Mandatory Valuation Under Ind AS - Key Standards & Compliance

ValuGenius Advisors LLP 31 January 2025 at 08:56

Valuation under Ind AS is guided by Ind AS 113, which provides the framework for determining fair value, complemented by several other standards requiring mandatory valuation. Let's explore the key areas where valuation is required

Costing Accounting Books Periodical Closure Checklist

CMA Ramesh Krishnan 14 January 2025 at 07:25

The very first step is to check whether production is fully completed or not for the particular period/batch/job/process/work, etc.

Common Mistakes Frequently Observed in Financial Statements

J. D. Shah Associates 03 January 2025 at 08:43

Common mistakes frequently observed in financial statements as per ICAI's publications and reviews

The Tale of Revenue Recognition through Five-Step Model: IND AS 115

CA Rakesh Ishi 02 December 2024 at 13:27

In the marketplace of Accounting, where traders sold goods and offered services, there was a big question:"When should we recognize revenue?"Some merchants want..

The Tale of Inventories (IND AS 2)

CA Rakesh Ishi 29 November 2024 at 14:47

The wise sage IND AS 2 came to the kingdom and shared his principles for valuing inventories.

Accounting Concepts and Conventions

prasad Nilugal 07 November 2024 at 06:43

Accounting concepts are the necessary or conditions upon which accounting is based; they are postulates, assumptions, or conditions upon which accounting is based.

The Art and Beauty of Financial Reporting and Analysis: Where Logic, Reason and Insight Converge

CA Naveen Mallakunta 21 October 2024 at 08:34

Financial reporting and analysis, often viewed as technical disciplines, reveal a captivating beauty when merged with artistic expression. Unlike the rigid structures of corporate and tax laws, this fusion of financial reporting and analysis combines logic, reason, and common sense to unveil a company's financial narrative.