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Jul 07 2022

Why Outsourced Accounting Services are Beneficial for a...

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

Jul 05 2022

Interim Financial Reporting: Advantages and Disadvantag...

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...

New Guidelines for TDS on Virtual Digital Asset and Cry...

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

May 31 2022

IFRS Standards

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

May 20 2022

A Discourse on Virtual CFOs Scope of Work

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...

May 05 2022

A Guide on Customer Due Diligence under PMLA

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

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Apr 19 2022

A summary of IAS 21 on Changes in Foreign Exchange Rate...

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

Apr 19 2022

A Guide to the Interpretation of IFRS 10

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

Apr 13 2022

Need of convergence of IAS with IFRS

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

Apr 08 2022

An overview of IAS 26 on Retirement Benefit Plans

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

Apr 06 2022

A brief overview of IFRS 9 on Financial Instruments...

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...

Apr 06 2022

A summary of IAS 24 on Related Party Disclosures

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

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