Many subsidiary companies located in India close their books on monthly basis and report to parent company located outside India.
In this regard, please let me know how do they handle issues like, gratuity(based on actuarial valuation done by third party),auditors fees ,Foreign exchange loss on fixed assets,income tax provision etc, which are known only at the end of the year in their monthly accounts.
Thanks
WHAT IS IFRS AND WHO IS ELIGIBLE TO JOIN IFRS WHAT IS CARRIER IN IT.
WHAT IS THE MEANING OF TIME VALUE OF MONEY?
WHAT IS THE MEANING OF MISC. EXPENSES TO THE EXTENT NOT WRITTEN OFF?
WHAT IS THE MEANING OF CORE CURRENT ASSETS?
HOW TO INDENTIFY NON OPERATING ITEMS?
what is the meaning of govt securities?
what is the meaning of commercial paper?
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Monthly closure of books