Finance & Accounting

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Finance & Accounting

Eligibility Criteria of an Asset Management Company...

Asset Management Company

An organisation that manages various types of funds from retail clients and invests them in various sectors to maximise returns is known as an asset manage...

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Financial Reporting

What Is an Audited Financial Statement? Who Needs It?...

Audited financial statement

There are a number of regulations and compliances which are required by the organization to comply with. One such compliance is to get the financial statem...

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Finance & Accounting

Everything about Indian Accounting Standards (Ind AS)...

Indian Accounting Standards

Indian Accounting Standards (Ind AS) are standard protocols adopted by the Indian companies mentioned under Section 133 of the Companies Act of 2013[1] wit...

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Financial Reporting

Basic Concepts of Financial Statement Audit

Financial Statement Audit

Financial Statements Audit simply means the examination, inspection, or review of an entity's financial statements[1]. The process of financial statement a...

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Financial Reporting

Auditing Disclosures in Financial Statements

Audit Disclosure

The issues of auditing disclosures have been recently considered by the International Auditing and Assurance Standards Board (IAASB)[1]. Various factors su...

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Finance & Accounting

Accounting Treatment of Government Grants as per AS 12...

Accounting Treatment

A venture's receipt of government grants is crucial for the preparation of financial statements for two reasons. First, an appropriate accounting strategy...

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Finance & Accounting

Set Off and Carry Forward of Losses

Set Off and Carry Forward of Losses

Profit and loss are two sides of a coin. However, incurring losses can be demoralizing for the business, but the Indian Income-tax law does provide taxpaye...

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Finance & Accounting

Debt Collection: An Analysis

Debt Collection: An Analysis

Businesses often face a financial crunch due to delayed payments by their customers and the inability of the businesses to collect those payments and other...

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