Common Non-Compliances of Financial Reporting: Equity & Liabilities
The Ministry of Home Affairs grants the FCRA registration as authorization to regulate foreign donations received by Indian nonprofit organisations. You must register with the Foreign Contribution Regulation Act if you are a registered NGO, charitable trust, or section 8 company and want to receive donations from abroad.
OBSERVATIONS1. INVESTMENTS IN EQUITY SHARESIt was observed from the note to the financial statements on Non-Current Investments that the value of investments in..
The common non-compliances in reporting requirements of various applicable Statues as observed by the Financial Reporting Review Board (FRRB) constituted by ICAI during the review proceedings.
Financial Statements provide the information about financial position, performance, and cash flows of an enterprise this helps in various decisions for the users. The Financial Statements are like the Performance Card of the entities.
When management accounting is implemented to the new vehicle launch, the main idea is to increase the cost consciousness level of engineers and provide cost information that supports decision-making situations during the project execution.
Accountants are in charge of offering their clients or the businesses they work for financial management services and guidance. Even though accounting may not initially appear like the most attractive career option, if you look a little closer, you'll discover a wide choice of options. Here are the top ten qualities an accountant should possess.
Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance of Ind AS 19 & AS 15 (Revised 2005) by Indian Public, Private and Multinational Companies
It prescribes that entity applies to ensure that assets are not carried at more than their recoverable amount. An asset is carried at more than its recoverable amount when it exceeds amount to be recovered through use or sale of the asset.
There was a time when accountants were considered nothing more than number-crunchers. But over the years, their role has evolved and grown. Today, the accountants not only play with numbers but also provide valuable insights and guidance that help businesses thrive.
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