Accounts Articles

Changing scenes in Data processing and their impact on the Accountant role

Tulasi S Sastri 28 November 2019 at 10:32

With over four decades of association with the accounting profession, having witnessed phenomenal changes in the environment, expectations, opportunities and risks associated with the accountant�s role, due to the entry of computers in business organizations, I felt it appropriate to share my views here, for the benefit of young and budding Chartered Accountants.

Recent cases invoking "Going Concern"

S.Sridhar 22 November 2019 at 10:31

Read these three recent instances where the principle of Going concern was invoked: Bharti Airtel Limited Vodafone Idea Limited New Delhi Televisions Limited..

Difference between Bookkeeping and Accounting Explained

Satish Jalan 08 November 2019 at 11:21

Accounting and bookkeeping are interrelated terms and are inseparable parts of any business. While accounting is a broader and analytical term, bookkeeping is its subdivision and just a part of it. Here�s highlighting the differences between the two.

Cleaning of Books of Accounts and their Worship on the eve of Diwali

CA Umesh Sharma 21 October 2019 at 10:57

Cleaning of Books of Accounts and their Worship on the eve of Diwali

Stay ahead with Business Automation: Automate these Six Tedious Finance Processes

Kapil Rana 21 October 2019 at 10:57

With the fast-paced advancements taking place, the software has been developed to carry out various business processes.

Treatment of impairment loss while preparing financial statements as per AS, IND AS & IFRS (Latest)

CMA SIVAKUMAR A,ACMA. 08 October 2019 at 16:23

Impairment means weakening of Asset. As per INDAS and IFRS Standards, entities should include impairment loss in the financial statements.

Financial Assets and Liabilities as per IND AS 109

Mandli Ravi Tej 31 August 2019 at 11:21

We are in the season of Statutory audit and few people are working in companies where IND AS is applicable, and few are in companies where IND AS is not applicable.

Fair value of Financial Guarantees under Ind AS Regime

P.R. Sethuraman 06 August 2019 at 11:30

Introduction:Before going into �Financial Guarantee� and further deep into �Corporate Guarantee�, it is better to dive into what is the

Provision for decommissioning Ind AS 37

CA Sumit Sarda 16 July 2019 at 13:28

When a company acquires certain types of Tangible Asset under Ind AS 16, it sometimes has an obligation to remove these assets after the end of their useful liv..