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December 7, 2023

Comprehensive Guide to Intangible Assets – Definitions, Attributes, Recognition, Valuation, and Considerations

Table of Contents Definition of … Continue reading “Comprehensive Guide to Intangible Assets – Definitions, Attributes, Recognition, Valuation, and Considerations”

Blog, News, Account & Audit

December 6, 2023

Classification of Restricted Funds Collected on Behalf of the Client Under Financial Statements

A project management consultancy company … Continue reading “Classification of Restricted Funds Collected on Behalf of the Client Under Financial Statements”

Blog, News, Account & Audit

December 5, 2023

Recognition of Interest Accrual on Borrowings Classified as NPA Under Ind AS 109

Para B3.3.1 of Ind AS … Continue reading “Recognition of Interest Accrual on Borrowings Classified as NPA Under Ind AS 109”

Blog, News, Account & Audit

December 4, 2023

Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence

Financial statements provide vital information … Continue reading “Key Takeaways From the Findings of ICAI’s Research Committee on Instances of Misconduct & Gross Negligence”

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December 1, 2023

Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16

A government-owned organization involved in … Continue reading “Determining the Timing for Capitalization in Integrated Irrigation Projects Under Ind AS 16”

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November 30, 2023

Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102

Para 28 of Ind AS … Continue reading “Accounting for Cancellation and Settlement of Employee Stock Option Plan under Ind AS 102”

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November 28, 2023

Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility

A company has entered into … Continue reading “Accounting Treatment for Upfront Payment Made Towards Hooking-Up Charges for Using a Facility”

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November 27, 2023

NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary

On receipt of information from … Continue reading “NFRA Debars Auditor for Not Issuing “Adverse Opinion” on CFS for Non-consolidation of Material Subsidiary”

News, Blog, Account & Audit

November 24, 2023

Presentation of Statement of Profit & Loss for a Non-revenue Generating Company

When a company is incorporated … Continue reading “Presentation of Statement of Profit & Loss for a Non-revenue Generating Company”

Blog, News, Account & Audit

November 23, 2023

ICAI Issues a Report on Audit Quality Review

The Quality Review Board (QRB) … Continue reading “ICAI Issues a Report on Audit Quality Review”