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...
Explore Oracle Fusion ERP’s P2P workflow covering goods, services, and Capex procurement with detailed roles, responsibilities, and process steps across modules.
Understand the ICAI’s Guidance Note on Financial Statements for Non-Corporate Entities, including accounting standard applicability, classifications, and reporting formats.
This initiative aims to standardize financial reporting, enhance transparency, and align non-corporate entities with global accounting practices. New format became applicable for financial statements prepared for FY 2024-25.
Recurring accounting errors in non-corporate financials and audit assignment limits for Chartered Accountants are outlined, impacting reporting accuracy.
Discover frequent errors in corporate financial statements, including misclassifications, incorrect depreciation, revenue recognition issues, and disclosure failures. Learn to ensure accurate reporting.
Overview of ICAI’s guidance note on preparing financial statements for non-corporate entities, including applicability of AS and standardized formats.
Summary of accounting policies, fixed assets, inventory valuation, revenue recognition, and compliance details from the Notes to Accounts.
Learn how accounting supports micro and small businesses with compliance, decision-making, and growth through tailored financial strategies and foresight.
ICAI issues new financial statement formats for non-corporate entities, effective FY 2024–25, standardizing reporting and disclosures.
पुरानी सरकारी लेखांकन विधियों के प्रभाव और एकल और दोहरी प्रविष्टि, नकदी और प्रोद्भवन लेखांकन प्रणालियों के बीच अंतर के बारे में जानें।
