Accounts Articles

ICAI Accounting Advisory for COVID-19 Impact

Posted by Suhasini

02 April 2020 13397 Views

ICAI issues accounting advisory for COVID-19. Learn about inventory, asset impairment, financial instruments, leases, revenue, and more.

COVID-19's Impact on Financial Statements Explained

Posted by Saket Modi 23 March 2020 14620 Views

Discover how COVID-19 affects financial statements, including adjusting events, going concern, and key areas like receivables and inventory. Learn about disclosures.

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

Posted by Shashank Maloo 24 February 2020 76374 Views

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

ESOPs: Taxation & Accounting Explained in India

Posted by Mohit Dasarda 17 August 2020 9668 Views

Understand ESOP accounting and taxation in India under Ind AS 102. Learn about grant, exercise, vesting, and journal entries with examples.

IND AS 1: Presenting Financial Statements Clearly

Posted by CA Pooja Dhoot 16 July 2020 7908 Views

Learn about IND AS 1, the standard for presenting general purpose financial statements. Understand objectives, components, and new requirements like the three-balance sheet concept.

Impact of adoption of IFRS/Ind AS

Posted by CA. Atul Khurana 13 December 2019 5777 Views

This article is intended to make you understand the major impact both in terms of advantages and disadvantages of the adoption of Converged IFRS i.e Indian Accounting standards (Ind AS) on the financial statements and the working of the companies both.

Top Five Software for an Accounting Firm

Posted by Arpit Tandon 10 June 2020 18574 Views

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.

Effective measures to avoid financial frauds

Posted by Anand Krishnakumar 27 May 2020 5678 Views

Fraud typically involves misrepresentation of facts, either by withholding critical information or providing false statements to another party for the specific purpose of gaining something. Although fraud comes in different forms, it can be categorized primarily into asset misappropriation, financial statement fraud, and corruption.

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

Posted by Tulasi S Sastri 28 November 2019 7344 Views

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"

Posted by S.Sridhar 23 November 2019 10976 Views

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