Here's what you need to know about Accounting Fraud and Fraud Triangle
IFRS/IAS The International Financial Reporting Standards (IFRS) is, as all we know, is posed as the global language of accountancy which is aimed to make the comparison and interpretation of the financial statements across the world easier. T
What Happens in SAP?Contents:-1. Pre-Procurement Process2. Graphical Presentation of Procurement Process3. Procurement Process in detail4. GR/IR Clearing Accounts5. Explanation of accounting entries with the help of a case study.a) Booking of Purcha
Guide to accounting for financial instruments and derivatives All that stuff about AS 30, 31 and 32 Note of cautionWe would like to start this article with two notes of caution. First, AS 30, 31 and AS 32 are Indian accounting standards that corresp
PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h
While an in-house CFO can help the company to navigate and become financially strong, most MSMEs cannot afford to appoint one. Thus, a virtual CFO with his knowledge and team can provide expert services at an affordable cost.
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.
IFRS 9 is crucial and important especially in Covid time. This IFRS application is very testing for Companies in Covid time.
How Audits are Being Performed Remotely by Accountants During the Pandemic?
ICAI is working to develop the standards for forensic accounting and investigation (FAIS). These are expected to be completed by December 2020.
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