Account & Audit

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November 21, 2024

Accounting for Free Sample Distribution | Promotional Expenditure Under Ind AS Framework

This case study examines the … Continue reading “Accounting for Free Sample Distribution | Promotional Expenditure Under Ind AS Framework”

Blog, News, Account & Audit

November 20, 2024

Recognition of Unbilled Revenue in Compliance with AS and Ind AS for Long-Term Contracts

This article delves into the … Continue reading “Recognition of Unbilled Revenue in Compliance with AS and Ind AS for Long-Term Contracts”

Blog, News, Account & Audit

November 19, 2024

Classification and Disclosure of Late Payment Interest in Financial Statements

A joint venture company set … Continue reading “Classification and Disclosure of Late Payment Interest in Financial Statements”

Blog, Account & Audit

November 20, 2024

[Analysis] ICAI’s SQM 1 & SQM 2 Standards – What You Need to Know

Standards on Quality Management (SQM) … Continue reading “[Analysis] ICAI’s SQM 1 & SQM 2 Standards – What You Need to Know”

Blog, News, Account & Audit

November 18, 2024

Ind AS 113 Compliance – Fair Value Determination Beyond Book Value for Unquoted Equity

Accurate fair value measurement is … Continue reading “Ind AS 113 Compliance – Fair Value Determination Beyond Book Value for Unquoted Equity”

Blog, News, Account & Audit

November 15, 2024

[Global Financial Insights] IASB Proposed Specific Improvements to the Provision Reporting for Greater Transparency and Consistency and More

This week’s Global Financial Insights … Continue reading “[Global Financial Insights] IASB Proposed Specific Improvements to the Provision Reporting for Greater Transparency and Consistency and More”

Blog, Advisory, Account & Audit

November 14, 2024

[Analysis] External Confirmation in Audits – Reliable Evidence for Financial Accuracy

External confirmation in audits refers … Continue reading “[Analysis] External Confirmation in Audits – Reliable Evidence for Financial Accuracy”

Blog, News, Account & Audit

November 14, 2024

NFRA Proposes Updates to SQC1, SQM 1, SQM 2, and SAs Aligned with Global Standards, Effective from April 2026

The National Financial Reporting Authority … Continue reading “NFRA Proposes Updates to SQC1, SQM 1, SQM 2, and SAs Aligned with Global Standards, Effective from April 2026”

Blog, News, Account & Audit

November 12, 2024

Classification of Accrued Interest on Short-Term Fixed and Flexi Deposits Under Ind AS

Cash equivalents are held for … Continue reading “Classification of Accrued Interest on Short-Term Fixed and Flexi Deposits Under Ind AS”

Blog, News, Account & Audit

November 11, 2024

ICAI Announces Revised Classification Criteria of Non-Company Entities for the Applicability of Accounting Standards

The Institute of Chartered Accountants … Continue reading “ICAI Announces Revised Classification Criteria of Non-Company Entities for the Applicability of Accounting Standards”