Accounts Articles

What is letter of credit?

Chandra Sekhar Reddy 27 April 2020 at 10:49

Letter of credit is a written document issued by the bank on request of its customer, promising to pay a specified sum in a specified currency by a buyer's (or importer's) bank i.e. issuing bank to the seller's (beneficiary or exporter's) bank i.e. accepting bank or negotiating bank or paying bank for providing of goods and services.

Impact of COVID-19 on ROC compliance, reporting under financial statement as per IND AS/AS and auditor's prospective.

CA AMAN SIDDIQUI 22 April 2020 at 10:48

Impact of COVID-19 on ROC compliance, reporting under financial statement as per IND AS/AS and auditor's prospective.

How Cloud Accounting Solutions are becoming more Beneficial for Small Businesses?

Biswajit Mishra 16 April 2020 at 19:03

Cloud computing is a concept that has been commonly used over the last few years. With its exponential growth in data use, it has transformed society into the digital 21st century.

IND AS 33: Computation of Basic Earning Per Share

Rishabh Khandelwal 08 April 2020 at 10:47

Basic Earning per Share computation is a concept envisaged by IND AS 33. The formula for the computation of Basic Earning per Share is Profit/Loss Attributable to ordinary equity shares divided by the weighted average number of equity shares outstanding during the period.

COVID-19: ICAI issues accounting advisory

Suhasini 01 April 2020 at 13:44

Due to disruptions caused by COVID-19, the ICAI has issued an accounting advisory for its members. In the accounting advisory issued by ICAI, it has highlighted 15 key areas that need to be considered during these challenging times.

COVID-19: What is the impact of COVID-19 on financial statements?

Saket Modi 23 March 2020 at 11:44

With the impact of COVID-19 the world has turned upside down in the last few weeks. No sector has been untouched by the adverse impact of COVID-19. This article summarises the impact of COVID-19 on the financial statements of a company.

Impact of lease rentals and interest free deposits under Ind AS 116

Shashank Maloo 24 February 2020 at 10:29

Impact of lease rentals and interest free deposits under Ind AS 116

ESOP's Taxation and Accounting in India

Mohit Dasarda 19 February 2020 at 10:17

This is my approach to explain the ESOPs Accounting, Taxation & Compliance in simpler terms.

IND AS 1- Presentation of General Purpose Financial Statements

CA Pooja Dhoot 18 January 2020 at 13:04

In the earlier article we had seen basics of Indian Accounting standards (IND AS), Now in this article you will be able to read about IND AS 1- Presentation of Financial Statements

Top Five Software for an Accounting Firm

Arpit Tandon 13 December 2019 at 12:59

Choosing appropriate software for your accounting firm is a tedious task. Every accounting firm has a different set of requirements. Some require built-in MIS Reporting; others need different functionalities in their practice management software.