method of accounting news

Criteria for classification of Non-company entities for AS applicability

The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI), to Non-company entities (Enterprises). The scheme for applicability of Accounting Standards to Non-company entities shall come into effect i...

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Posted Under: CA, CS, CMA |

Temporary Exceptions to Hedge Accounting for Derivative Contracts

Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contracts due to Interest Rate Benchmark Reform...

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Posted Under: CA, CS, CMA |

Money laundering and scams “THROUGH” Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in India/Abroad – Gems & Jewellery Industry

ICAI Research paper on Money laundering and scams THROUGH Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in India/Abroad – Gems & Jewellery Industry...

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Posted Under: CA, CS, CMA |

Money Laundering & Scams “THROUGH” Multi-State Urban Cooperative Credit Societies In India – Cash Deposits

The Credit Co-operative societies have misused various gaps of the system over period of time by tapping various regulations for commercial purposes which has multiplying effect. The flow of money moves without being monitored seamlessly through various unethical channels and the outcome could be illegal or against the interest of the eco...

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Posted Under: CA, CS, CMA |

Internal Control System In State Owned Universities: A Study To Formulate Internal Control Manu-al

The findings of the Research Report on 'Internal Control System in State Owned Universities A Study to Formulate Internal Control Manual' stated that most of the state-owned universities are still following conventional method of accounting and doesn’t have an internal control system / manual, internal financial controls and Standard op...

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Posted Under: CA, CS, CMA |

How Indian Companies Can Play A Pivotal Role In The Supply Chain To Australia?

The Research Report focuses on developing trade between India and Australia and more specifically on how Indian companies can play a pivotal role in the supply chain to Australia?...

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Posted Under: CA, CS, CMA |

Inching towards Tax Certainty: Neoteric Domestic Dispute Mechanism for Cross-Border Taxation

Research Report on 'Inching towards Tax Certainty: Neoteric Domestic Dispute Mechanism for Cross-Border Taxation' revealed that the prevailing dispute mechanism in India on cross border taxation matters has its flaws and has certainly not fostered tax certainty....

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Posted Under: CA, CS, CMA |

Impact of Digital Transformation Strategies On Performance of Manufacturing Companies In India

The findings of the Research Report on Impact of Digital Transformation Strategies on Financial Performance in the Indian Manufacturing Sector have an important implication for manufacturing firms in India, policymakers, regulators, financiers and other key stakeholders in the market....

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Posted Under: CA, CS, CMA |

Guidance Note On Accounting By E-Commerce Entities

E-commerce is the activity of electronically buying or selling of products or online services over the internet. The online transactions can be conducted via mediums like computers, tablets, and smartphones. Most of the transactions are being done through online mode being ease in doing transactions by the consumers. In the above scenario...

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Posted Under: CA, CS, CMA |

Guidance Note on Accrual Basis of Accounting

Investors and financial analysts rely on financial data to analyze the performance of a company and make predictions about its future direction of the company's stock price. One of the most important resources of reliable and audited financial data is the annual report, which contains the firm's financial statements....

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Posted Under: CA, CS, CMA |

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