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In this article we will touch upon some potential changes/ differences where regulator and the Standard setters need to provide more clarity in order to make all such accounting treatments consistent across Industry
After the introduction of IFRS (called IND-AS in Indian perspective) in India, now all instruments that are issued by an entity will not accounted just based on...
Glitches during Migration to New Accounting System
FINANCIAL INSTRUMENTS: DEFINITION AND SCOPE (IND AS 32) Financial Instrument-: Any contract that give rise to a financial asset of one entity and a financial li...
Reporting of significant events, occurring post reporting date, are required to maintain transparency of financial statement
Working Capital Management When we hear about �Working Capital� the first question that comes into our mind is what is �Working Capital� and How to manage it? So friends lets understand all the concepts related to Working
Highlights of Companies (Cost records and audit) Rules 2014Introduction: Ministry of Corporate Affairs has notified the Companies (Cost records and audit) Rules 2014 under section 148 & 469 Companies Act 2013 on 30th June 2014. These rules have l
I. Introduction :1. These are challenging times in many respects. A global financial meltdown in which India cannot escape without hurt, a gruesome terrorist at...
My dear professional colleagues, This is my first communication from me to you all, after having taken over the reigns of the Institute yesterday a...
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English