Advantages of Accounting: These advantages usually coincide with the ability for companies to improve operations and overall profitability. Business owners can also create a competitive
Ind AS 107, Financial Instruments: Disclosures The objective of the Ind AS 107 is to require entities to provide disclosures in their financial statements that enable
Ind AS 16 – Property, Plant and Equipment: The objective of IndAS 16 is to prescribe the accounting treatment for property, plant and equipment so that
Ind AS 110, Consolidated Financial Statements : The objective of Ind AS 110, is to establish principles for the presentation and preparation of consolidated financial statements
Ind AS 8 : Accounting policies, estimates and correction of errors play a major role in the presentation of financial statements. That is why Ind
IndAS 1: Presentation of Financial Statement, In India Presentation of Financial Statement is always governed by Companies Act instead of Accounting Standard. Earlier there is Schedule VI,
Ind AS 102, Share Based Payment: The objective of Ind AS 102 is to specify the financial reporting by an entity when it undertakes a share-based
Accounting Concepts are the assumptions and conditions on the basis of which financial statements of an entity are prepared. These are the concepts which are
IndAS 10 Event Occurring After the Reporting Period. The Standard requires that an entity should not prepare its financial statements on a going concern basis
Ind AS 103, Business Combinations: A business combination is a transaction or other event in which a reporting entity (the acquirer) obtains control of one or
Ind AS 104, Insurance Contracts: The objective of Ind AS 104 is to specify the financial reporting for insurance contracts by any entity that issues such contracts
Supply Chain is typically seen as a cost center. Digitization allows for a paradigm shift making supply chains a differentiator and a strategic pillar of
Ind AS 114, Regulatory Deferral Accounts: The objective of Ind AS 114 is to specify the financial reporting requirements for regulatory deferral account balances that arise
Ind AS 112, Disclosure of Interests in Other Entities: The objective of Ind AS 112 is to require an entity to disclose information that enables users
Ind AS for NBFCs: Non-Banking Finance Companies (‘NBFCs’) having net worth of Rs 500 crore or more as at 31st March 2016 or thereafter are
TaxAdda PMS Review: Today, we are going to review a famous application for CAs and tax practitioners i.e. TaxAdda PMS a cloud based application for
5 Key Factors to Consider While Choosing an Accounting Software. How to Choose Accounting Software. Do you run a small business? Are you planning to
The objective of the IndAS 106 is to specify the financial reporting for the exploration for and evaluation of mineral resources. The exploration and evaluation
Accounting is a complex discipline in which accuracy and clear analytical thinking play essential roles. Writing a thesis paper dedicated to this subject may seem
If you own a business or you are holding an important portfolio in a business organisation, you ought to know the importance of bookkeeping. Bookkeeping
Accountancy as a profession has always garnered a lot of popularity among students across the world. There are several accountancy regulatory bodies globally that award
Ind AS 27, Separate Financial Statements: The objective of Ind AS 27 is to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures
Ind AS 111, Joint Arrangements: The objective of Ind AS 111 is to establish principles for financial reporting by entities that have an interest in arrangements