India is one of the fastest growing economies in the world today and is on the path to becoming one of the largest in the world in the coming decades. Our Banking sector had undergone trem
Introduction Why is valuation of inventory so important? From a lay mans perspective there can be two reasons. Firstly since the closing stock of the previous year becomes opening stock of the current year and it goes because of the going c
Accounting Standard 1issued by ICAIDisclosure of Accounting PoliciesIntroduction:The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied
By all account well by most account its a done deal. After years of planning, world is heading towards convergence of accounting standard. It refers to the goal of establishing a si
Time value of money in financial management decision making 1 Role of a Company Secretary in management of financial instruments A Company Secretary is the key to the efficiency and effectiveness of governance by the Board of Directors. In order t
The documentation applicable for particular type of advances are either given in the Advance Manual of a particular bank or in the circular for specific type of advances, however, the main framework for documentation is as per the advances manual of
Introduction: Providing a better infrastructure and continuous development of the same is the basic factor to sustain the economic growth of any country and also the responsibility of any Governm
Introduction: Section 138 to 147 were incorporated in Negotiable Instruments Act, 1881(NI Act) with a view to
Every year, practicing Chartered Accountants (CAs) have an enormous task of managing their clients various compliance deadlines. Apart from regular compliances, CAs are greatly concerned about preparing for a hectic audit season and handling
Now moving ahead to find out the answer of our third question How to manage the components of working capital which will ultimately gives us the overview of Management of Working Capital. For this firstly we need to know what the com
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