ICAI’s Technical Guide on Accounting for NPOs
Discover the essential principles of accounting and formats for financial statements of entities in NPO sector with the help of ICAI's Technical Guide.
Category: Accounting
NFRA Reviews Ind AS 117: A New Era for Insurance Accounting
NFRA examines proposals for Ind AS 117, a new insurance accounting standard based on IFRS 17, set to revolutionize transparency and reporting in the Indian insurance industry.
ICAI’s Compendium of IND ASs issued by MCA (2023-24)
ICAI has released updated/revised edition of he 'Compendium of Indian Accounting Standards (IND AS) 2023-24', comprising of Volume 1 & Volume 2.
ICAI Mandates Forensic Accounting and Investigation Standards (FAIS)
ICAI has announced that forensic accounting and investigation standards will become mandatory from July 1, 2023. Find out what this means for businesses and organizations.
Exposure Draft: ICAI Guidance Note on Transfer of Capital Reserve
Discover ICAI's exposure draft on the "Guidance Note on Transfer of Capital Reserve," offering clarity and guidance on reserve transfers under Ind AS.
Mastering Payroll Management in India: Strategies and Tools for Accuracy and Efficiency
Managing payroll in India can be complex, but with the right strategies and tools, it can be streamlined to improve accuracy and efficiency. Learn how in this informative post. …
Understanding Accounts Receivable: A Complete Guide for Indian Businesses
Learn everything about accounts receivable in India, including its definition, importance, calculation, and best practices for effective management. Introduction Accounts receivable (AR) is an essential aspect of any business’s …
Demystifying Accounts Payable: Understanding and Managing AP
Learn what accounts payable is, its importance, and how it works in the Indian context. Get practical tips for effective AP management and streamline your business operations.
Draft ICAI Guidance Note on ‘Financial Statements of LLPs’
ICAI has issued a draft Guidance Note on ‘Financial Statements of Limited Liability Partnerships (LLPs)’ for comments of the stakeholders, latest by March 8, 2023. In June 2022, the …
Draft ICAI Guidance Note on ‘Financial Statements of Non Corporate Entities (NCEs)’
ICAI has issued a draft Guidance Note on ‘Financial Statements of Non-Corporate Entities (NCEs)’ for comments of the stakeholders latest by March 8, 2023. In June 2022, the ICAI …