Account & Audit

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January 27, 2024

Accounting for Compound Share-Based Payment Option Under Ind AS 102

Para 35 of Ind AS … Continue reading “Accounting for Compound Share-Based Payment Option Under Ind AS 102”

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January 24, 2024

Type of Packing Material to Be Included in the Cost of Inventory As Per Ind AS 2

FAQ given under the Educational … Continue reading “Type of Packing Material to Be Included in the Cost of Inventory As Per Ind AS 2”

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January 23, 2024

Allocation of Fixed Production Overheads to Determine the Cost of Inventory Under Ind AS 2

Para 12 of Ind AS … Continue reading “Allocation of Fixed Production Overheads to Determine the Cost of Inventory Under Ind AS 2”

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January 20, 2024

Presentation of CSR Expenditure By a Corporation Should Not Be Through P&L Appropriation A/c

A corporation satisfies the criteria … Continue reading “Presentation of CSR Expenditure By a Corporation Should Not Be Through P&L Appropriation A/c”

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January 19, 2024

Case Study on Treatment of Grant Received from Govt. to Set Up a Company

Para 5 of AS 12, … Continue reading “Case Study on Treatment of Grant Received from Govt. to Set Up a Company”

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January 18, 2024

NFRA Seeks Proposals from CA Firm/LLP/Proprietorship to Compile, Verify Books of Accounts & Handle Taxation Matters

National Financial Reporting Authority (NFRA) … Continue reading “NFRA Seeks Proposals from CA Firm/LLP/Proprietorship to Compile, Verify Books of Accounts & Handle Taxation Matters”

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January 17, 2024

[Opinion] NFRA Imposes 10 Years Ban & 20 Lakhs Penalty Upon Statutory Auditor for Professional Misconduct

Prof R Balakrishnan, FCS – … Continue reading “[Opinion] NFRA Imposes 10 Years Ban & 20 Lakhs Penalty Upon Statutory Auditor for Professional Misconduct”

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January 16, 2024

Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors

Following the provisions of para … Continue reading “Accounting Treatment of Interest Earned on Mobilisation Advance Provided to Vendors”

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January 15, 2024

NFRA Releases Its 2022-23 Annual Report, Highlighting Key Achievements & Interactions With Stakeholders

National Financial Reporting Authority (NFRA) … Continue reading “NFRA Releases Its 2022-23 Annual Report, Highlighting Key Achievements & Interactions With Stakeholders”

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January 12, 2024

[Opinion] Can NFRA Hold Auditor of a Listed Company Guilty Under Clause 2 of Part III of First Schedule of CA Act?

CA Srinivasan Anand G. – … Continue reading “[Opinion] Can NFRA Hold Auditor of a Listed Company Guilty Under Clause 2 of Part III of First Schedule of CA Act?”