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Accounting

An introduction to Cost Engineering & What is Cost Engineering

Updated on: November 25, 2021

An introduction to Cost Engineering: No one who has responsibility for managing major, complex, high-tech programmes with a high development content will dispute the importance

Ind AS 33, Earnings per Share, Difference Between AS 20 and Ind AS 33

Updated on: November 24, 2021

Ind AS 33, Earnings per Share: The objective of Ind AS 33 is to prescribe principles for the determination and presentation of earnings per share, so

Supply Chain Management – Includes, Advantages of having a SCM

Updated on: November 24, 2021

Supply Chain Management – Here we are providing full guide for Supply Chain Management (SCM). Find all details for Supply Chain Management like Definition, Advantages

Ind AS 38, Intangible Assets | Recognition and Measurement, useful life

Updated on: November 23, 2021

Ind AS 38, Intangible Assets: The objective of Ind AS 38 is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in

Ind AS 1, Presentation of Financial Statements | Ind AS 1 Vs AS 1

Updated on: November 19, 2021

Ind AS 1, Presentation of Financial Statements: Ind AS 1 prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the

Should Accountants learn to Code?: Guide for CA, CS, & CMA

Updated on: November 16, 2021

Should Accountants learn to Code?: By the heading, you may get confused with what this article is exactly about? Let me give you some background

AS 5: Net Profit or Loss for the Period, Prior Period Items

Updated on: November 12, 2021

AS 5 – Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies. This Standard should be applied by an

Accounting Standard 1 (AS 1) – Disclosure of Accounting Policies

Updated on: November 8, 2021

Accounting Standard 1: This Standard deals with the disclosure of significant accounting policies which are followed in preparing and presenting financial statements.. To ensure proper

Accounting Standard 15: Accounting for Retirement Benefits

Updated on: November 2, 2021

Accounting Standard 15: Accounting for Retirement Benefits. Accounting Standards (ASs) are written policy documents issued by the Government with the support of other regulatory bodies

Journal, What is Journal, Advantages of Journal, Functions of Journal

Updated on: November 1, 2021

Journal: A journal is often referred to as Book of Prime Entry or the book of original entry. In this book transactions are recorded in their

What is Book Keeping?: Difference Between Accounting & Book Keeping

Updated on: October 27, 2021

What is Book Keeping and a comparison with Accounting. Find Everything related to Book Keeping, Here we are providing complete details for What is Book

Methods Calculation of Revenue of Real Estate Developers

Updated on: October 25, 2021

Methods Calculation of Revenue of Real Estate Developers,  Computation Of Business Income Of Real Estate Developers. Real estate sector is the fastest growing sector in the

Stages of Accounting | Accounting Cycle Steps | How Many Stages?

Updated on: October 21, 2021

Stages of Accounting: As per this definition, accounting is simply an art of record keeping. The process of accounting starts by first identifying the events

Accounting standard 28 (AS 28) Impairment of Assets

Updated on: October 20, 2021

Accounting standard 28 Impairment of Assets: The objective of AS 28 is to prescribe the procedures that an enterprise applies to ensure that its assets

AS 20 Earning Per Share (Accounting Standard 20 – EPS) with Illustration

Updated on: October 20, 2021

AS 20 Earning Per Share (Accounting Standard 20 – EPS) with all Illustration. Recently we provide various another accounting standards and we provide Links for other

AS 22 Accounting for Taxes on Income – Scope, Definition, Example

Updated on: October 19, 2021

AS 22 Accounting for Taxes on Income: The objective of this Standard is to prescribe accounting treatment of taxes on income. Taxable income may be

Journal – Meaning, Format, Process and Types of Journal Entries

Updated on: October 18, 2021

Journal – Meaning: Process and Types of Journal Entries. Journal is the first stage of recording business transactions. It is called as “Book of original

Factoring How does it work, Different Types of Factoring

Updated on: October 17, 2021

Factoring How does it work – Factoring is an activity in receivables management system which facilitates a company to get the cash immediately on real

Accounting Cycle, Steps / Phases of Accounting Cycle: Detailed

Updated on: October 15, 2021

Accounting Cycle: When complete sequence of accounting procedure is done which happens frequently and repeated in same directions during an accounting period, the same is

Component Accounting – Now a Reality (All you need to know about)

Updated on: October 11, 2021

Component Accounting – Now a Reality, Schedule II to the Companies Act 2013 requires that useful life for significant components of tangible assets should be

Weighted Average Cost of Capital: Meaning, Formula, Example

Updated on: October 10, 2021

Weighted Average Cost of Capital (WACC) is defined as the weighted average of the cost of various sources of finance, weight being the market value

Brand impairment testing and compliance with mandatory Ind AS disclosures

Updated on: October 10, 2021

Brand impairment testing and compliance with mandatory Ind AS disclosures. The shifting from IGAAP to Ind AS has resulted in change in accounting for intangible

Internal Control – Meaning, Objectives, Scope, Limitations

Updated on: October 8, 2021

Internal Control – Meaning, Objectives, Scope, Limitations. As per SA-315, the internal control may be defined as “The process designed, implemented and maintained by those

Journal : Books of Prime Entry, Functions & Advantages of Journal

Updated on: October 2, 2021

General Journal: This is also known as Journal Proper or General Journal. It is used for making the original record of such transactions for which no

Ind AS 41, Agriculture | Objectives | Recognition (all you know)

Updated on: October 2, 2021

Ind AS 41, Agriculture: The objective of Ind AS 41 is to prescribe the accounting treatment and disclosures related to agricultural activity. Agricultural activity is the

Subsidiary Books: Introduction, Advantages of Subsidiary Books

Updated on: October 2, 2021

Subsidiary Books: Introduction and Advantages of Subsidiary Books. In a Business, most of the transactions generally relate to receipts and payments of cash, sale of

Ledger Accounts 2021 – Principal Book of Accounts & Posting

Updated on: October 1, 2021

LedLedger Accounts – Principal Book of Accounts: All journals are posted into ledger chronologically and in a classified manner Ledger is the principal book of accounts

Goodwill Impairment Testing Disclosures under Ind AS (In Detailed)

Updated on: September 25, 2021

Goodwill Impairment Testing Disclosures under Ind AS: Transition from IGAAP to Ind-AS has resulted in change in treatment of goodwill. IGAAP prescribe amortization if it

Objectives of Accounting – List of all objectives with explanation

Updated on: September 25, 2021

Objectives of Accounting: Business is an economic activity undertaken with the motive of earning profits and to maximize the wealth for the owners. Business cannot

Earnings Per Share (EPS) Definition, calculation, Formula

Updated on: September 24, 2021

Earnings Per Share (EPS) Definition – The portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as

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