Accounts Articles

Actuarial Valuation for Accounting of Gratuity Benefits: AS 15 & Ind AS 19

Rajesh Kumar 14 June 2022 at 08:55

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

IND AS 36: Impairment of Assets

Madhur Gandhi 31 May 2022 at 08:47

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.

Why SlideTeam Is the Best Option for Accountants to Make Stunning PPTs

Suhasini 08 April 2022 at 14:26

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.

How to Design a Financial MIS: What Every CFO Needs to Know

Karthik Ganeshan 28 January 2022 at 11:34

List of the top 5 things you should consider while designing your financial MIS.

A brief analysis on - AS 10: Property, Plant and Equipment

Tanuj Chandra Saxenaa 17 December 2021 at 12:55

AS 10 is to be applied in accounting for property, P&E (Plant and Equipment)

Role of artificial intelligence in accounting

Tanuj Chandra Saxenaa 10 December 2021 at 13:53

As Artificial Intelligence works for every industry, it certainly has a significant impact on the accounting and finance industries as well.

Go Global with the knowledge of IPSAS - Internationally accepted Accounting Language for Governmental Accounting

CA. (Dr.) Rajkumar Adukia 11 November 2021 at 09:31

International Public Sector Accounting Standards are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial statements.

Maintenance of Books of Accounts

CA.R.S.KALRA 10 November 2021 at 10:07

Section 44AA(1) prescribes compulsory maintenance of such books of accounts and other documents which will enable the AO to compute the total income in accordance with the provisions of the Income Tax Act.

Hedge Accounting

Jerold Ferreira 08 November 2021 at 09:44

A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting or opposite positions in a related security.

IND AS 12: Income Taxes

Jerold Ferreira 04 October 2021 at 09:38

Income taxes as per the Indian Accounting Standard 12 include both domestic and foreign taxes, which are based on taxable profits. It also includes withholding taxes.