Accounts Articles

An Overview of IND AS 41

Posted by CA Sanat Pyne 25 April 2023 8157 Views

IND AS 41 is a standard issued by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the accounting treatment for agricultural activity. The objective of IND AS 41 is to ensure that the financial statements of entities engaged in agriculture provide relevant and reliable information about their agricultural activities.

Blockchain Adoption in Accounting: Opportunities and Challenges for Professional Accountants

Posted by CA Sanat Pyne 20 April 2023 12125 Views

Blockchain technology is a decentralized, distributed ledger system that allows for the secure and transparent recording of transactions.

Consequence of non-compliance with w.r.t maintenance of Books of Accounts, Statutory Registers and Minutes Book

Posted by Affluence Advisory 19 April 2023 5781 Views

In recent times, ROC has been diligently suspecting the non-compliance and passing stringent orders against the Company and its Directors. Therefore it has become important for the Company and Directors to ensure Compliance in true spirit and letter.

Ind AS 115: Summary IND AS 115 Revenue from Contracts with Customers

Posted by CA Vivekanand Pote 10 April 2023 176563 Views

Ind AS 115 deals with Revenue from Contracts with Customers Notified by MCA based on recommendation by ICAI.

Ind AS 116: Brief overview on Ind AS 116 - Leases

Posted by Hardik 08 April 2023 288020 Views

Ind AS 116 sets out the principles for the recognition, measurement, presentation, and disclosure of leases.

Points to be considered in the preparation of Annual Report - Part 3

Posted by CA Rakesh Ishi 15 December 2022 3096 Views

AS-5 required that All items of income and expense which are recognised in a period should be included in the determination of net profit or loss for the period unless an AS requires or permits otherwise.

Points to be considered in the preparation of Annual Report - Part 2

Posted by CA Rakesh Ishi 06 December 2022 4715 Views

Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.

Points to be considered in the preparation of Annual Report - Part 1

Posted by CA Rakesh Ishi 06 December 2022 5393 Views

Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements.

How Blockchain Will Impact Accounting Professionals

Posted by Suhasini

03 December 2022 7670 Views

Digital technology has been influencing our world since the 1980s when the internet was introduced to the public. Since then, we've seen mobile phones, game con...

Non-Compliances related to components of Profit & Loss Statement

Posted by CA Rakesh Ishi 14 October 2022 6733 Views

It was noted from the accounting policy of revenue that the element of financing has not been considered if the credit term is consistent with market practices....