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March 11, 2022

How to Recognize Depreciation on PPE, if there is no Manufacturing Activity?

National Financial Reporting Authority (NFRA) … Continue reading “How to Recognize Depreciation on PPE, if there is no Manufacturing Activity?”

Blog, Account & Audit

March 7, 2023

Audit of New Advances | Bank Branch Audit

Table of Contents 1. Introduction … Continue reading “Audit of New Advances | Bank Branch Audit”

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March 9, 2022

Financial Statements preparation for period ending 31st March 2022 | Key Considerations

The Ministry of Corporate Affairs … Continue reading “Financial Statements preparation for period ending 31st March 2022 | Key Considerations”

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August 29, 2022

Mandatory Requirement for Disclosure of Accounting Ratios in the Financial Statements

In order to bring greater … Continue reading “Mandatory Requirement for Disclosure of Accounting Ratios in the Financial Statements”

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March 7, 2022

The Fundamental Requirement for Appropriate Selection & Application of Financial Reporting Framework

National Financial Reporting Authority (NFRA) … Continue reading “The Fundamental Requirement for Appropriate Selection & Application of Financial Reporting Framework”

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July 29, 2023

CARO 2020 Applicability – Companies Auditor’s Report Order

Table of Contents Applicability of … Continue reading “CARO 2020 Applicability – Companies Auditor’s Report Order”

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July 10, 2023

Ind AS 102 | Share Based Payments – The Basics!

Table of Contents Introduction Scope … Continue reading “Ind AS 102 | Share Based Payments – The Basics!”

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March 1, 2022

Disclosure of contingent liabilities and commitments in Ind AS Financial Statements

Contingent Liabilities are not recognized … Continue reading “Disclosure of contingent liabilities and commitments in Ind AS Financial Statements”

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February 28, 2022

Bank Reconciliation Statement: A Dark Horse Approach of Fraud Prevention and Internal Control

Account reconciliation is a critical … Continue reading “Bank Reconciliation Statement: A Dark Horse Approach of Fraud Prevention and Internal Control”

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February 25, 2022

Presentation of Trade Payables in Ind AS Financial Statements: A brief

Ind AS Schedule III sets … Continue reading “Presentation of Trade Payables in Ind AS Financial Statements: A brief”