Finance : The article explains how audit and accounting systems help maintain financial transparency, accountability, and investor confidenc...
Finance : The issue highlights the distinction between accounting and auditing functions. The key takeaway is that independent audits ensure...
Goods and Services Tax : Explains how carbon credits have evolved into monetisable assets and outlines key accounting recognition, income-tax treatment und...
CA, CS, CMA : Clarifies how acquisitions are accounted for when the acquired company continues to exist, focusing on fair-value recognition, goo...
CA, CS, CMA : Highlights how agriculture, livestock, forestry, and oil & gas inventories need unique recognition and measurement approaches. Key...
CA, CS, CMA : Join our free webinar on foreign accounting and bookkeeping, led by expert CA Sachin Jain. Learn about opportunities, techniques, ...
CA, CS, CMA : The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standa...
CA, CS, CMA : Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contra...
CA, CS, CMA : ICAI Research paper on Money laundering and scams THROUGH Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in I...
CA, CS, CMA : The Credit Co-operative societies have misused various gaps of the system over period of time by tapping various regulations for c...
Income Tax : Change in method of accounting was bona fide and with the compliance of the Accounting Standard – AS 9 – Revenue Recognition i...
Income Tax : Method of Accounting regularly followed by the taxpayer which was accepted by the Tax Officer in past cannot be rejected in future...
Income Tax : We find that at the time of survey the sample processing was carried out and according to the sample processing, the bi-products c...
Income Tax : We have heard both the sides in detail. Thrust given by the C1T(A) on the mens rea reflected in the conduct of the assessee does n...
Income Tax : In the instant case, learned counsel for the Revenue is not in a position to demonstrate or satisfy us that due to the change of a...
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 operating procedures in place to prevent, detect and control revenue leakages and wasteful expenditures.
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?
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.
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.
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, there was need felt for providing guidance for recording transactions conducted online.
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.
1. OBJECTIVE The aim of this SOP is to lay down necessary directives for the smooth and efficient administrative functioning, handling/ operating funds, functioning of Finance & Accounts Department and to ensure that Statutory compliances are made in the following areas: a) Delegation of Authorities and Financial Powers b) General accounting and bookkeeping procedures c) […]
In India, there are many entities receiving government grants or government assistance each year. As per Indian GAAP and Ind As there are specific treatment for accounting of Government Grants and Government Assistance. Entity has to follow the same in the preparation of financial statements according to Indian Accounting Standards or earlier GAAP whatever applicable […]
In the new GST era, some major changes are introduced by the Government. One of the major changes is introduction of Electronic Ledger system of GST Portal which shows Taxpayer’s ledger in the books of government. In order to align with the same, some accounting changes are also required in the Taxpayer’s books. This would […]
In the absence of sufficient elaboration, many companies executing BOT contracts have treated infrastructure as fixed asset rather than as an intangible or financial asset.Infrastructure not only forms a significant component of India’s economic activity but is also a major thrust area that can provide the necessary impetus for the double digit GDP growth.
