Account & Audit

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”

News, Blog, 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”

Blog, Advisory, Account & Audit

November 8, 2024

[Analysis] Financial Guarantee Contract – Accounting Treatment under Ind AS and AS Frameworks

A Financial Guarantee Contract (FGC) … Continue reading “[Analysis] Financial Guarantee Contract – Accounting Treatment under Ind AS and AS Frameworks”

Blog, News, Account & Audit

November 8, 2024

[Global Financial Insights] SEC Fines Company and Affiliates $151 Million for Misleading Disclosures, Breach of Fiduciary Duty, and More

Global Financial Insights is a … Continue reading “[Global Financial Insights] SEC Fines Company and Affiliates $151 Million for Misleading Disclosures, Breach of Fiduciary Duty, and More”

Blog, News, Account & Audit

November 6, 2024

Capitalizing Infrastructure Expenditures Under AS 10 | Determining When to Classify as CWIP or PPE

This document examines the classification … Continue reading “Capitalizing Infrastructure Expenditures Under AS 10 | Determining When to Classify as CWIP or PPE”

Blog, News, Account & Audit

November 5, 2024

Classification of Wind Power Plant Under Ind AS | Finance Lease or Property, Plant, and Equipment

This document explores the classification … Continue reading “Classification of Wind Power Plant Under Ind AS | Finance Lease or Property, Plant, and Equipment”

Blog, Advisory, Account & Audit

November 7, 2024

[Analysis] Chartered Accountants Act – Key Ethical Standards and Compliance

Ethical standards for chartered accountants … Continue reading “[Analysis] Chartered Accountants Act – Key Ethical Standards and Compliance”

Blog, News, Account & Audit

November 11, 2024

Consequences of Violating Ethical Provisions | Professional and Legal Repercussions

In the field of chartered … Continue reading “Consequences of Violating Ethical Provisions | Professional and Legal Repercussions”

News, Blog, Account & Audit

October 28, 2024

Accounting Treatment of Additional Capitalization Arose Due to Arbitration Award

An item of property, plant, … Continue reading “Accounting Treatment of Additional Capitalization Arose Due to Arbitration Award”

Blog, News, Account & Audit

October 26, 2024

Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales

When an entity sells and … Continue reading “Accounting Treatment for Agent-Based Transactions in Sovereign Crude Oil Sales”