This article aims to explain the diversity of the accounting practice in place for group-wide share-based payment arrangements.
In this article, we discuss what should be done of old records of Books of accounts under various Acts, so that cleaning business places w.r.t. of old books of accounts can be done.
Here are the top 5 things that will significantly change the accounting industry in 2021 - Automated Accounting, Accounting Software, Outsourcing, Cloud-Based Accounting, and Data Analytics.
Each AS offers a wide variety of practical applications to the stakeholders in respect of full disclosure and transparency. In this article, we discuss IND AS 38, IAS 38, "Intangible Assets"
Know all about Goods Sent on Consignment, its Accounting, different types of Commission and Account Sales.
Over the years as the advanced POS has gained great popularity, the days of traditional cash registers are almost over. Let us understand how advanced POS solutions can help your business grow.
The amendment made in Ind AS 116 includes a practical expedient that provides lessees with a choice not to assess a rent concession occurring as a result of the direct consequence of the Covid-19 pandemic as a lease modification. Know more about the amendment here
Hospitality Industry - Does handing over business operations and premises, equate to lease, or hiring a sub-contractor?
Is Parking area a lease or a non-lease component as per Ind As-116?
Apart from differences in the perseverance in accounting and financial terms, the least we can predict is the future of both. The year 2020 has already been a year of financial loss and the loss did not hinder a state or a country, but the world has been suffering lately.