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Nowadays companies and new start-ups are looking for getting access to high quality accounting services and advice on market driven strategic financial dec...

Interim Financial Reporting is a detailed financial report prepared by a company for measuring and evaluating the firm’s progress on a less than annual b...

During Budget Session 2022-2023, Finance Minister Nirmala Sitharamanhas brought some significant changes on taxability over holding and transaction of ...

International Financial Reporting Standard lists are the guiding rules set for maintaining records and financial affairs of a business entity. IRFS Standar...

The businesses nowadays want to float lean because of their limited resources. Efforts are being made by the management to cut down the permanent staff and...

A Master Circular was released by the Reserve Bank of India (RBI) “Know Your Customer (KYC) Directions, 2016”.  The title of the Master Direction...

Foreign currency transactions, foreign activities, and translation to presentation currency are all covered by IAS 21. Foreign currency transactions and op...

The component of IAS 27 on Consolidated and Separate Financial Statements that deals with accounting for subsidiaries on consolidation is replaced by IFRS...

Introduction Every nation follows its own set of policies and standards for accounting. However, because of globalization in the previous few decades when...

IAS 26 establishes the measurement and disclosure criteria for reporting retirement benefit schemes. All plans must provide a statement of changes in net a...

IFRS 9 is effective for the fiscal years beginning on or after January 1st, 2018, while early adoption is also permitted. The International Accounting Stan...

A parent entity is required by International Accounting Standard 24 to disclose its transactions with associates, joint ventures, or subsidiaries, commonly...