Spread the love Introduction Accounting Standards (AS) plays a vital role in ensuring comparability, consistency and transparency in preparation and presentation of Financial Statements. Accounting Standards applicable to companies have […]
Applicability of Accounting Standards to Non-Corporate Entities Read More »
Download a professionally drafted Notes to Accounts template for Level IV non-corporate entities including firms, trusts, and societies. Fully compliant with ICAI’s Guidance Note on financial statements of non-company entities
Free Download: Model Notes to Accounts for Level IV Non-Corporate Entities Read More »
Spread the love Remuneration to partners often becomes a costly compliance nightmare for firms that overlook critical regulatory details. Unfortunately, many businesses continue to follow outdated practices, risking significant penalties
Partner Remuneration: Rules Most Firms Miss [2025 Update] Read More »
A comprehensive comparison of Ind-AS vs AS discussing the major differences, pros and cons and what is a better alternative.
Ind-AS vs AS (Ind GAAP) : Which is better? – A Comprehensive Comparison Read More »
In this blog we discuss the provisions of Accounting Standard 4 (AS 4), Events occurring after balance sheet date along with examples and provisions.
The essential elements of financial statements are discussed in this blog post to give a basic idea of a financial statement
Understanding the Essential Elements of Financial Statements: A Concise Overview Read More »
In this blog we try to explain the provisions of Accounting Standard 3 (AS 3), Cash Flow Statement along with examples and provisions.
Decoding Accounting Standard 3 (AS3) – Cash Flow Statements Read More »
Spread the love Introduction Accounting Standard 2 (AS 2) provides comprehensive guidelines on the valuation of inventories, ensuring that financial statements reflect a true and fair view of an enterprise’s
Decoding Accounting Standard 2 (AS 2) – Valuation of Inventories Read More »
Spread the love Introduction Accounting Standard 1 (AS 1) deals with the disclosure of significant accounting policies followed in preparing and presenting financial statements. The objective is to ensure that
Decoding Accounting Standard 1 (AS 1) – Disclosure of Accounting Policies Read More »
Spread the love Introduction Small and Medium Companies (SMCs) form the backbone of India’s economy, and ensuring their financial reporting aligns with regulatory standards is crucial for transparency and growth.
Understanding Accounting Standards for Small and Medium Companies in India: A 2025 Guide Read More »
