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method of accounting

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सरकारी लेखा प्रणालियों को अद्यतन करने का महत्व

CA, CS, CMA : पुरानी सरकारी लेखांकन विधियों के प्रभाव और एकल औ...

February 27, 2025 150 Views 0 comment Print

A Detailed Walk-through on Procure-to-Pay Cycle and It`s Accounting Entries in Oracle Fusion

CA, CS, CMA : Learn about the Procure-to-Pay cycle and its accounting entries in Oracle Fusion ERP, detailing each step from requisition to paym...

January 10, 2025 1194 Views 0 comment Print

Common Record to Report (R2R) Questions Asked in Interviews

CA, CS, CMA : Explore common Record-to-Report (R2R) interview questions and essential accounting entries like accrued expenses, prepaid expenses...

December 4, 2024 4965 Views 0 comment Print

Revenue Recognition Methods for Real Estate Developers

CA, CS, CMA : This study examines the appropriate methods for building construction and the sale of plots in a township, considering the positio...

July 1, 2024 8232 Views 1 comment Print

Accounting for Bonus Shares: A Comprehensive Guide

Finance : Learn the detailed accounting procedures for issuing bonus shares, including necessary journal entries and their impact on financi...

May 31, 2024 5544 Views 0 comment Print


Latest News


Free Webinar on Foreign Accounting & Bookkeeping

CA, CS, CMA : Join our free webinar on foreign accounting and bookkeeping, led by expert CA Sachin Jain. Learn about opportunities, techniques, ...

September 4, 2023 6378 Views 0 comment Print

Criteria for classification of Non-company entities for AS applicability

CA, CS, CMA : The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standa...

April 1, 2021 131982 Views 1 comment Print

Temporary Exceptions to Hedge Accounting for Derivative Contracts

CA, CS, CMA : Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contra...

April 1, 2021 843 Views 0 comment Print

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

CA, CS, CMA : ICAI Research paper on Money laundering and scams THROUGH Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in I...

February 17, 2021 1422 Views 0 comment Print

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

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...

February 17, 2021 1554 Views 0 comment Print


Latest Judiciary


Method of accounting can be changed if such change is bona fide and permissible under law

Income Tax : Change in method of accounting was bona fide and with the compliance of the Accounting Standard – AS 9 – Revenue Recognition i...

January 13, 2014 13772 Views 0 comment Print

Rejection of Accounting Method followed by Assessee which was accepted in Assessment of earlier Year

Income Tax : Method of Accounting regularly followed by the taxpayer which was accepted by the Tax Officer in past cannot be rejected in future...

February 1, 2011 1282 Views 0 comment Print

If book results are not rejected, AO has no alternative except to accept the book results

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...

January 23, 2011 1490 Views 0 comment Print

If AO assume concealment without considering the actual payments made in the subsequent years, such attempt would be premature

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...

January 10, 2010 447 Views 0 comment Print

Change of method of accounting of overdue charges from mercantile basis to cash system does not create any income

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...

January 4, 2010 3247 Views 0 comment Print


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

February 17, 2021 1422 Views 0 comment Print

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

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

February 17, 2021 1554 Views 0 comment Print

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 economy including potential terrorist funding. This could disturb the overall economic scenario and may hamper the development of our Nation.

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

February 17, 2021 306 Views 0 comment Print

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.

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

February 17, 2021 423 Views 0 comment Print

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?

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

February 17, 2021 297 Views 0 comment Print

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.

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

February 17, 2021 294 Views 0 comment Print

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.

Guidance Note On Accounting By E-Commerce Entities

February 17, 2021 3927 Views 0 comment Print

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.

Guidance Note on Accrual Basis of Accounting

February 17, 2021 2811 Views 0 comment Print

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.

SOP for Finance & Accounts for Construction & Infrastructure Company

January 30, 2021 70674 Views 0 comment Print

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) […]

Accounting for Government Grant and Government Assistance

December 6, 2020 20286 Views 1 comment Print

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 […]

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