Account & Audit

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May 15, 2024

ICMAI Has Released a Guidance Note on Inventory Valuation Under the Income Tax Act 1961

The Cost Accounting Standards Board … Continue reading “ICMAI Has Released a Guidance Note on Inventory Valuation Under the Income Tax Act 1961”

Blog, News, Account & Audit

May 15, 2024

NSE Issued a Circular Regarding FAQs & General Observations/Guidelines for Filing of BRSR

The National Stock Exchange (NSE) … Continue reading “NSE Issued a Circular Regarding FAQs & General Observations/Guidelines for Filing of BRSR”

Blog, News, Account & Audit

May 13, 2024

Consideration of the Time Value of Money in Calculating Expected Credit Losses on Retention Money | Ind AS 109

A company is a power … Continue reading “Consideration of the Time Value of Money in Calculating Expected Credit Losses on Retention Money | Ind AS 109”

News, Blog, Account & Audit

May 10, 2024

Quality Review Board of ICAI Has Issued Guidance on Non-compliances Observed During the Quality Review

The Quality Review Board (QRB) … Continue reading “Quality Review Board of ICAI Has Issued Guidance on Non-compliances Observed During the Quality Review”

Blog, News, Account & Audit

May 9, 2024

Accounting Treatment of Past Service Cost in Computing the Defined Benefit Obligation According to Ind AS 19

Accounting for defined benefit plans … Continue reading “Accounting Treatment of Past Service Cost in Computing the Defined Benefit Obligation According to Ind AS 19”

News, Blog, Account & Audit

May 8, 2024

[Opinion] Audit of Hedge Funds – Complexities & Challenges

Introduction Hedge funds are a … Continue reading “[Opinion] Audit of Hedge Funds – Complexities & Challenges”

Blog, News, Account & Audit

May 8, 2024

Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework

An asset is a present … Continue reading “Accounting for Advance Payments for Land Acquisition Pending Possession Within the Ind AS Framework”

Blog, News, Account & Audit

May 6, 2024

Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans

According to Ind AS 19, … Continue reading “Exploring the Nature of Social Security Scheme Trust Fund | Defined Benefit or Contribution Plans”

Blog, News, Account & Audit

May 6, 2024

Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services

For long-term foreign currency payables … Continue reading “Ind AS 21 | Handling Foreign Exchange Gains/Losses from Payables for Capital Goods/Services”

Blog, News, Account & Audit

May 2, 2024

Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share

To calculate basic earnings per … Continue reading “Impact of Bonus Issue, Right Issue, and Early Redemption of Preference Share on Basic Earning Per Share”